Filing Flows › Payoneer Global (PAYO) › Q3 2025
Payoneer Global (PAYO) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Payoneer Global (PAYO) reported revenue of $271M for the third quarter 2025 (Q3 2025), +9% from a year earlier and +4% from the quarter before. Operating margin was 13.4%, net earnings $14.1M (5.2% of revenue).
Payoneer Global, Q3 2025: revenue $271M (+9% year over year), operating margin 13.4%, net earnings $14.1M, operating cash flow $54.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $271M | +4% | +9% |
| Operating profit | $36.3M | +21% | +3% |
| Net earnings | $14.1M | -28% | -66% |
| Operating cash flow | $54.2M | -23% | +8% |
| Free cash flow | $49.2M | -28% | +1% |
What changed
Revenue was $270.9M in Q3 2025, up 9% year over year and up 4% from the previous quarter.
Operating profit was $36.3M, a 13.4% margin (down 0.7 points year over year). Of the extra revenue versus a year earlier, 5% reached operating profit, below the 14% margin then. Total costs grew 10% against revenue growth of 9%. The fastest-growing cost line was General & admin (+22%). Net earnings were $14.1M, down 66% year over year. The effective tax rate was 53.7%.
Operating cash flow was $54.2M (up 8% year over year), 384% of net earnings. Non-cash charges added back $16.1M of depreciation and amortization and $17.8M of share-based compensation. Working capital and other items added $6.1M. Capital expenditures of $5.0M left free cash flow of $49.2M.
Questions
What was Payoneer Global's revenue in the third quarter 2025?
Payoneer Global (PAYO) reported revenue of $271M for the third quarter 2025 (Q3 2025), +9% from a year earlier and +4% from the quarter before.
Was Payoneer Global profitable in the third quarter 2025?
Operating profit was $36.3M (13.4% of revenue) and net earnings $14.1M.
Source: Payoneer Global 10-Q on SEC EDGAR.