Filing Flows › Payoneer Global (PAYO) › Q1 2025
Payoneer Global (PAYO) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Payoneer Global (PAYO) reported revenue of $247M for the first quarter 2025 (Q1 2025), +8% from a year earlier and -6% from the quarter before. Operating margin was 11.9%, net earnings $20.6M (8.3% of revenue).
Payoneer Global, Q1 2025: revenue $247M (+8% year over year), operating margin 11.9%, net earnings $20.6M, operating cash flow $53.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $247M | -6% | +8% |
| Operating profit | $29.3M | +0.5% | -24% |
| Net earnings | $20.6M | +13% | -29% |
| Operating cash flow | $53.7M | +17% | +36% |
| Free cash flow | $49.0M | +16% | +29% |
What changed
Revenue was $246.6M in Q1 2025, up 8% year over year and down 6% from the previous quarter.
Operating profit was $29.3M, a 11.9% margin (down 4.9 points year over year). Operating profit fell $9.1M even though revenue rose $18.4M versus a year earlier, so costs grew faster than sales. Total costs grew 14% against revenue growth of 8%. The fastest-growing cost line was General & admin (+24%). Net earnings were $20.6M, down 29% year over year. The effective tax rate was 25.9%.
Operating cash flow was $53.7M (up 36% year over year), 261% of net earnings. Non-cash charges added back $14.4M of depreciation and amortization and $18.8M of share-based compensation. Capital expenditures of $4.7M left free cash flow of $49.0M.
Questions
What was Payoneer Global's revenue in the first quarter 2025?
Payoneer Global (PAYO) reported revenue of $247M for the first quarter 2025 (Q1 2025), +8% from a year earlier and -6% from the quarter before.
Was Payoneer Global profitable in the first quarter 2025?
Operating profit was $29.3M (11.9% of revenue) and net earnings $20.6M.
Source: Payoneer Global 10-Q on SEC EDGAR.