NASDAQ : PAYO
Payoneer Global Inc. — Financial statements
Technology · Software - Infrastructure · United States
Last price 7.12 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 2.41B
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Financial statements
Payoneer Global Inc. (PAYO) reported revenue of 1.08B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.08B | 1.05B | 977.72M | 831.10M | 627.62M | 473.40M |
| Cost of Revenue | 158.21M | 165.24M | 152.11M | 122.29M | 110.17M | 101.48M |
| Gross Profit | 923.19M | 887.53M | 825.61M | 708.81M | 517.46M | 371.93M |
| Selling, General & Admin | 397.21M | 371.77M | 315.66M | 291.81M | 280.88M | 178.73M |
| Research & Development | 168.01M | 152.38M | 134.63M | 117.64M | 91.06M | 80.76M |
| Other Operating Expenses | 153.04M | 154.70M | 156.79M | 147.66M | 138.33M | 116.45M |
| Operating Expenses | 800.89M | 752.70M | 665.29M | 596.95M | 541.38M | 402.02M |
| Operating Income | 122.30M | 134.83M | 160.32M | 111.86M | -23.92M | -30.09M |
| Interest Expense | -18.74M | -9.08M | -10.13M | -6.85M | ||
| Earnings From Equity Investments | -2.00K | -37.00K | ||||
| Other Non Operating Income (Expenses) | 5.19M | 28.93M | 33.96M | 11.82M | ||
| EBT Excluding Unusual Items | 103.56M | 125.75M | 165.51M | 140.78M | -93.00K | -25.16M |
| Merger & Restructuring Charges | -7.59M | -7.59M | -7.67M | -7.96M | ||
| Asset Writedown | -1.90M | -1.90M | -1.85M | -293.00K | -614.00K | -114.00K |
| Other Unusual Items | -590.00K | -680.00K | -16.52M | 2.32M | ||
| Pretax Income | 93.49M | 115.59M | 139.47M | 132.54M | 1.62M | -25.28M |
| Income Tax Expense | 43.22M | 42.40M | 18.31M | 39.20M | 13.59M | 8.71M |
| Net Income | 50.27M | 73.19M | 121.16M | 93.33M | -11.97M | -33.99M |
| Preferred Dividends & Other Adjustments | 33.63M | |||||
| Net Income to Common | 50.27M | 73.19M | 121.16M | 93.33M | -11.97M | -67.62M |
| Shares Outstanding (Basic) | 347.77M | 361.17M | 358.35M | 361.68M | 348.04M | 202.88M |
| Shares Outstanding (Diluted) | 358.12M | 376.73M | 386.24M | 392.67M | 348.04M | 202.88M |
| EPS (Basic) | 0.14 | 0.20 | 0.34 | 0.26 | -0.03 | -0.33 |
| EPS (Diluted) | 0.14 | 0.19 | 0.31 | 0.24 | -0.03 | -0.33 |
| Free Cash Flow | 181.41M | 206.62M | 168.74M | 147.43M | 73.46M | 13.12M |
| Free Cash Flow Per Share | 0.51 | 0.55 | 0.44 | 0.38 | 0.21 | 0.07 |
| Gross Margin | 85.37% | 84.30% | 84.44% | 85.29% | 82.45% | 78.56% |
| Operating Margin | 11.31% | 12.81% | 16.40% | 13.46% | -3.81% | -6.36% |
| Profit Margin | 4.65% | 6.95% | 12.39% | 11.23% | -1.91% | -14.28% |
| Free Cash Flow Margin | 16.78% | 19.63% | 17.26% | 17.74% | 11.70% | 2.77% |
| EBITDA | 195.76M | 198.56M | 205.77M | 139.38M | -15.64M | -23.04M |
| EBITDA Margin | 18.10% | 18.86% | 21.05% | 16.77% | -2.49% | -4.87% |
| D&A For EBITDA | 73.46M | 63.73M | 45.45M | 27.52M | 8.29M | 7.06M |
| EBIT | 122.30M | 134.83M | 160.32M | 111.86M | -23.92M | -30.09M |
| EBIT Margin | 11.31% | 12.81% | 16.40% | 13.46% | -3.81% | -6.36% |
| Effective Tax Rate | 46.23% | 36.68% | 13.13% | 29.58% | 840.72% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 346.32M | 415.54M | 497.47M | 617.02M | 543.30M | 465.93M |
| Cash & Short-Term Investments | 346.32M | 415.54M | 497.47M | 617.02M | 543.30M | 465.93M |
| Accounts Receivable | 7.49B | 7.55B | 6.45B | 6.40B | 5.85B | 4.42B |
| Other Receivables | 33.85M | 43.69M | 24.65M | 12.84M | 11.16M | 9.82M |
| Receivables | 7.52B | 7.60B | 6.48B | 6.41B | 5.86B | 4.42B |
| Prepaid Expenses | 31.50M | 26.09M | 21.43M | 16.66M | 12.15M | 9.60M |
| Restricted Cash | 4.72M | 6.09M | 6.63M | 7.03M | 2.88M | 3.00M |
| Other Current Assets | 58.07M | 64.56M | 98.37M | 56.66M | 50.12M | 59.28M |
| Total Current Assets | 7.96B | 8.11B | 7.10B | 7.11B | 6.47B | 4.96B |
| Property, Plant & Equipment | 108.11M | 94.69M | 35.46M | 40.35M | 29.65M | 25.08M |
| Long-Term Investments | 6.43M | 7.01M | ||||
| Goodwill | 86.14M | 77.78M | 77.78M | 19.89M | 19.89M | 21.13M |
| Other Intangible Assets | 215.40M | 208.05M | 102.39M | 76.27M | 45.44M | 37.53M |
| Long-Term Accounts Receivable | 275.00M | 350.00M | 525.00M | |||
| Long-Term Deferred Tax Assets | 65.15M | 56.90M | 41.52M | 15.29M | 4.17M | 4.90M |
| Long-Term Deferred Charges | 10.60M | 10.40M | 9.61M | 10.24M | 11.37M | |
| Other Long-Term Assets | 54.68M | 47.65M | 38.18M | 12.98M | 7.72M | 9.01M |
| Total Assets | 8.76B | 8.96B | 7.93B | 7.28B | 6.59B | 5.08B |
| Accounts Payable | 50.81M | 44.61M | 37.30M | 33.94M | 41.57M | 17.20M |
| Accrued Expenses | 106.33M | 115.11M | 114.24M | 103.89M | 86.62M | 68.38M |
| Current Portion of Leases | 10.36M | 7.25M | 5.74M | 7.17M | 8.36M | 9.29M |
| Current Income Taxes Payable | 3.23M | 4.01M | 3.76M | 2.41M | ||
| Other Current Liabilities | 7.76B | 7.91B | 6.97B | 6.39B | 5.84B | 4.40B |
| Total Current Liabilities | 7.94B | 8.08B | 7.13B | 6.54B | 5.98B | 4.50B |
| Long-Term Debt | 18.41M | 16.14M | 13.66M | |||
| Long-Term Leases | 75.80M | 65.08M | 15.64M | 17.84M | 6.51M | 4.06M |
| Long-Term Deferred Tax Liabilities | 25.41M | 25.05M | 1.47M | |||
| Other Long-Term Liabilities | 72.77M | 78.31M | 57.40M | 40.62M | 49.23M | 76.12M |
| Total Liabilities | 8.11B | 8.25B | 7.21B | 6.62B | 6.05B | 4.59B |
| Common Stock | 4.19M | 4.12M | 3.96M | 3.69M | 3.53M | 3.40M |
| Additional Paid-In Capital | 937.58M | 896.29M | 821.20M | 732.89M | 650.43M | 575.47M |
| Retained Earnings | 196.29M | 179.16M | 105.97M | -15.20M | -108.53M | -94.05M |
| Treasury Stock | -459.22M | -368.87M | -193.72M | -56.94M | ||
| Comprehensive Income & Other | -25.31M | -6.28M | -12.61M | -176.00K | -176.00K | 2.25M |
| Total Common Equity | 653.53M | 704.43M | 724.79M | 664.27M | 545.26M | 487.07M |
| Shareholders' Equity | 653.53M | 704.43M | 724.79M | 664.27M | 545.26M | 487.07M |
| Total Liabilities & Equity | 8.76B | 8.96B | 7.93B | 7.28B | 6.59B | 5.08B |
| Total Debt | 86.16M | 72.33M | 21.38M | 43.42M | 31.01M | 27.02M |
| Net Cash (Debt) | 260.16M | 343.20M | 476.09M | 573.60M | 512.29M | 438.91M |
| Net Cash Per Share | 0.73 | 0.91 | 1.23 | 1.46 | 1.47 | 2.16 |
| Filing Date Shares Outstanding | 338.85M | 344.77M | 359.85M | 368.75M | 354.36M | 341.83M |
| Total Common Shares Outstanding | 338.72M | 348.70M | 360.09M | 357.59M | 352.84M | 340.38M |
| Working Capital | 23.02M | 27.20M | -31.43M | 566.75M | 493.59M | 464.89M |
| Book Value Per Share | 1.93 | 2.02 | 2.01 | 1.86 | 1.55 | 1.43 |
| Tangible Book Value | 351.99M | 418.59M | 544.62M | 568.12M | 479.92M | 428.42M |
| Tangible Book Value Per Share | 1.04 | 1.20 | 1.51 | 1.59 | 1.36 | 1.26 |
| Machinery | 65.83M | 52.06M | 49.29M | 45.13M | 38.75M | 36.45M |
| Leasehold Improvements | 24.26M | 21.29M | 8.85M | 9.68M | 9.74M | 8.92M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 50.27M | 73.19M | 121.16M | 93.33M | -11.97M | -33.99M |
| Depreciation & Amortization | 73.46M | 63.73M | 45.45M | 27.52M | 8.29M | 7.06M |
| Other Amortization | 11.96M | 10.83M | ||||
| Asset Writedown & Restructuring Costs | 2.36M | 1.90M | 1.85M | 293.00K | 614.00K | 114.00K |
| Loss (Gain) on Equity Investments | 2.00K | 37.00K | ||||
| Stock-Based Compensation | 72.29M | 73.10M | 64.79M | 65.77M | 52.15M | 37.01M |
| Other Operating Activities | -14.87M | -34.63M | -27.13M | -32.84M | -30.48M | -6.85M |
| Change in Accounts Receivable | 681.00K | 1.53M | 337.00K | 4.90M | 964.00K | 3.93M |
| Change in Accounts Payable | 3.85M | 7.87M | 1.13M | -8.33M | 24.28M | 469.00K |
| Change in Unearned Revenue | 5.54M | 1.06M | 2.04M | 1.35M | 224.00K | -432.00K |
| Change in Other Net Operating Assets | 28.51M | 45.73M | -32.69M | 7.50M | 27.93M | 1.84M |
| Operating Cash Flow | 222.10M | 233.49M | 176.93M | 159.49M | 83.96M | 20.02M |
| Capital Expenditures | -40.69M | -26.87M | -8.19M | -12.06M | -10.50M | -6.89M |
| Cash Acquisitions | -6.48M | -33.08M | -48.22M | |||
| Sale (Purchase) of Intangibles | -65.60M | -60.85M | -52.20M | -39.33M | -18.33M | -14.01M |
| Investment in Securities | 27.30M | -42.80M | -1.77B | 5.95M | ||
| Other Investing Activities | 51.02M | -54.73M | -85.89M | 1.19M | 34.57M | 31.05M |
| Investing Cash Flow | -34.46M | -218.34M | -1.96B | -44.25M | 5.73M | 10.16M |
| Long-Term Debt Issued | 15.12M | 26.86M | 29.36M | 17.43M | ||
| Long-Term Debt Repaid | -33.53M | -24.58M | -26.75M | -43.79M | ||
| Net Debt Issued (Repaid) | -18.41M | 2.27M | 2.61M | -26.36M | ||
| Issuance of Common Stock | 4.51M | 714.00K | 21.12M | 13.20M | 21.35M | 299.19M |
| Repurchase of Common Stock | -214.33M | -173.60M | -137.51M | -55.44M | ||
| Other Financing Activities | 689.98M | 910.93M | 562.58M | 551.91M | 1.44B | 1.16B |
| Financing Cash Flow | 480.17M | 738.04M | 427.77M | 511.95M | 1.46B | 1.40B |
| Foreign Exchange Rate Adjustments | -1.88M | 5.31M | -3.59M | 4.46M | -2.72M | -1.22M |
| Net Cash Flow | 665.92M | 758.50M | -1.36B | 631.65M | 1.55B | 1.43B |
| Free Cash Flow | 181.41M | 206.62M | 168.74M | 147.43M | 73.46M | 13.12M |
| Free Cash Flow Margin | 16.78% | 19.63% | 17.26% | 17.74% | 11.70% | 2.77% |
| Free Cash Flow Per Share | 0.51 | 0.55 | 0.44 | 0.38 | 0.21 | 0.07 |
| Levered Free Cash Flow | -69.09M | -14.38M | 630.10M | 113.56M | 71.88M | 42.69M |
| Unlevered Free Cash Flow | -57.38M | -8.70M | 630.10M | 113.56M | 78.21M | 46.98M |
| Cash Interest Paid | 1.40M | 1.77M | 1.47M | 1.92M | ||
| Cash Income Tax Paid | 13.00M | 13.00M | 52.32M | 40.91M | 9.43M | 3.69M |
| Change in Working Capital | 38.59M | 56.19M | -29.19M | 5.42M | 53.40M | 5.81M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.43B | 1.97B | 3.58B | 1.89B | 1.92B | 2.49B |
| Enterprise Value | 2.17B | 1.54B | 3.08B | 1.32B | 1.43B | 2.06B |
| Last Close Price | 7.16 | 5.62 | 10.04 | 5.21 | 5.47 | 7.35 |
| PE Ratio | 50.82 | 26.86 | 29.55 | 20.20 | ||
| Forward PE | 28.63 | 20.56 | 34.42 | 20.45 | ||
| PS Ratio | 2.24 | 1.87 | 3.66 | 2.27 | 3.05 | 5.26 |
| PB Ratio | 3.71 | 2.79 | 4.94 | 2.84 | 3.51 | 5.12 |
| P/TBV Ratio | 6.89 | 4.70 | 6.57 | 3.32 | 3.99 | 5.82 |
| P/FCF Ratio | 13.37 | 9.51 | 21.22 | 12.79 | 26.08 | 189.86 |
| P/OCF Ratio | 10.92 | 8.42 | 20.24 | 11.82 | 22.82 | 124.49 |
| PEG Ratio | 1.19 | 5.72 | ||||
| EV/Sales Ratio | 2.00 | 1.46 | 3.15 | 1.59 | 2.28 | 4.35 |
| EV/EBITDA Ratio | 11.06 | 7.76 | 14.98 | 9.48 | ||
| EV/EBIT Ratio | 17.71 | 11.43 | 19.23 | 11.82 | ||
| EV/FCF Ratio | 11.94 | 7.46 | 18.27 | 8.97 | 19.50 | 156.81 |
| Debt / Equity Ratio | 0.13 | 0.10 | 0.03 | 0.07 | 0.06 | 0.06 |
| Debt / EBITDA Ratio | 0.40 | 0.33 | 0.10 | 0.29 | ||
| Debt / FCF Ratio | 0.47 | 0.35 | 0.13 | 0.29 | 0.42 | 2.06 |
| Net Debt / Equity Ratio | -0.40 | -0.49 | -0.66 | -0.86 | -0.94 | -0.90 |
| Net Debt / EBITDA Ratio | -1.33 | -1.73 | -2.31 | -4.12 | 32.76 | 19.05 |
| Net Debt / FCF Ratio | -1.43 | -1.66 | -2.82 | -3.89 | -6.97 | -33.44 |
| Asset Turnover | 0.13 | 0.12 | 0.13 | 0.12 | 0.11 | 0.11 |
| Quick Ratio | 0.99 | 0.99 | 0.98 | 1.07 | 1.07 | 1.09 |
| Current Ratio | 1.00 | 1.00 | 1.00 | 1.09 | 1.08 | 1.10 |
| Return on Equity (ROE) | 7.06% | 10.24% | 17.45% | 15.43% | -2.32% | -10.04% |
| Return on Assets (ROA) | 0.91% | 1.00% | 1.32% | 1.01% | -0.26% | -0.43% |
| Return on Invested Capital (ROIC) | 16.58% | 28.00% | 82.08% | 127.42% | 436.82% | -34.39% |
| Return on Capital Employed (ROCE) | 14.80% | 15.40% | 20.10% | 15.10% | -3.90% | -5.20% |
| Earnings Yield | 1.97% | 3.72% | 3.38% | 4.95% | -0.62% | -1.36% |
| FCF Yield | 7.48% | 10.51% | 4.71% | 7.82% | 3.84% | 0.53% |
| Buyback Yield / Dilution | 8.29% | 2.46% | 1.64% | -12.82% | -71.55% | -331.59% |