Filing Flows › Payoneer Global (PAYO) › Q4 2025
Payoneer Global (PAYO) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Payoneer Global (PAYO) reported revenue of $275M for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and +1% from the quarter before. Operating margin was 10.5%, net earnings $19.0M (6.9% of revenue).
Payoneer Global, Q4 2025: revenue $275M (+5% year over year), operating margin 10.5%, net earnings $19.0M, operating cash flow $54.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $275M | +1% | +5% |
| Operating profit | $28.9M | -20% | -0.9% |
| Net earnings | $19.0M | +35% | +5% |
| Operating cash flow | $54.9M | +1% | +20% |
| Free cash flow | $40.3M | -18% | -4% |
What changed
Revenue was $274.7M in Q4 2025, up 5% year over year and up 1% from the previous quarter.
Operating profit was $28.9M, a 10.5% margin (down 0.6 points year over year). Operating profit fell $260K even though revenue rose $13.0M versus a year earlier, so costs grew faster than sales. Total costs grew 6% against revenue growth of 5%. The fastest-growing cost line was General & admin (+15%). Net earnings were $19.0M, up 5% year over year. The effective tax rate was 30.8%.
Operating cash flow was $54.9M (up 20% year over year), 289% of net earnings. Non-cash charges added back $19.5M of depreciation and amortization and $16.5M of share-based compensation. Capital expenditures of $14.6M left free cash flow of $40.3M.
Questions
What was Payoneer Global's revenue in the fourth quarter 2025?
Payoneer Global (PAYO) reported revenue of $275M for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and +1% from the quarter before.
Was Payoneer Global profitable in the fourth quarter 2025?
Operating profit was $28.9M (10.5% of revenue) and net earnings $19.0M.
Source: Payoneer Global 10-K on SEC EDGAR.