Filing Flows › Payoneer Global (PAYO) › Q2 2025
Payoneer Global (PAYO) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Payoneer Global (PAYO) reported revenue of $261M for the second quarter 2025 (Q2 2025), +9% from a year earlier and +6% from the quarter before. Operating margin was 11.5%, net earnings $19.5M (7.5% of revenue).
Payoneer Global, Q2 2025: revenue $261M (+9% year over year), operating margin 11.5%, net earnings $19.5M, operating cash flow $70.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $261M | +6% | +9% |
| Operating profit | $30.1M | +3% | -35% |
| Net earnings | $19.5M | -5% | -40% |
| Operating cash flow | $70.7M | +32% | +71% |
| Free cash flow | $68.1M | +39% | +69% |
What changed
Revenue was $260.6M in Q2 2025, up 9% year over year and up 6% from the previous quarter.
Operating profit was $30.1M, a 11.5% margin (down 7.8 points year over year). Operating profit fell $16.2M even though revenue rose $21.1M versus a year earlier, so costs grew faster than sales. Total costs grew 19% against revenue growth of 9%. The fastest-growing cost line was General & admin (+42%). Net earnings were $19.5M, down 40% year over year. The effective tax rate was 34.7%.
Operating cash flow was $70.7M (up 71% year over year), 363% of net earnings. Non-cash charges added back $15.6M of depreciation and amortization and $20.1M of share-based compensation. Working capital and other items added $15.6M. Capital expenditures of $2.6M left free cash flow of $68.1M.
Questions
What was Payoneer Global's revenue in the second quarter 2025?
Payoneer Global (PAYO) reported revenue of $261M for the second quarter 2025 (Q2 2025), +9% from a year earlier and +6% from the quarter before.
Was Payoneer Global profitable in the second quarter 2025?
Operating profit was $30.1M (11.5% of revenue) and net earnings $19.5M.
Source: Payoneer Global 10-Q on SEC EDGAR.