Payoneer Global Inc. (PAYO) Income Statement
PAYO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPAYO revenue and net income
Where PAYO's revenue goes
2025Each bar shows an amount and its share of revenue. PAYO kept 7.0% of revenue as net income.
PAYO profit margins
PAYO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +7.7% | +18.8% | +25.0% | — |
| Gross profit | −0.4% | +16.7% | +27.0% | — |
| Operating income | −16.3% | — | — | — |
| Net income | −39.6% | — | — | — |
| EPS (diluted) | −21.1% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PAYO quarterly EPS vs estimates
Payoneer Global beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.05).
PAYO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.05B | $977.7M | $831.1M | $627.6M | $473.4M | $345.6M | $317.8M | $260.1M |
| Cost of revenue | $230.9M | $152.1M | $122.3M | $110.2M | $101.5M | $97.0M | $94.7M | $81.4M |
| Gross profit | $821.9M | $825.6M | $708.8M | $517.5M | $371.9M | $248.6M | $223.1M | $178.8M |
| Research & development | $155.4M | $134.6M | $119.2M | $115.0M | $80.8M | $52.3M | $34.8M | $29.4M |
| Sales, general & admin | $376.6M | $351.4M | $315.7M | $280.9M | $178.7M | $114.5M | $92.0M | $74.6M |
| Total operating expenses | $697.2M | $676.6M | $605.2M | $539.7M | $402.1M | $265.8M | $219.4M | $180.7M |
| Operating income | $124.7M | $149.0M | $103.6M | −$22.2M | −$30.2M | −$17.3M | $3.6M | −$1.9M |
| Interest income | $231.6M | $2.4M | $11.6M | $55.3M | — | — | — | — |
| Interest expense | $9.1M | — | $1.8M | $10.1M | $220,000 | $1.9M | $443,000 | $2.2M |
| Income before taxes | $115.6M | $139.5M | $132.5M | $1.6M | −$25.3M | −$15.4M | $4.1M | −$4.1M |
| Income taxes | $42.4M | $18.3M | $39.2M | $13.6M | $8.7M | $8.3M | $4.7M | $3.1M |
| Net income | $73.2M | $121.2M | $93.3M | −$12.0M | −$34.0M | −$23.7M | −$625,000 | −$7.2M |
| EBITDA | $181.2M | $184.9M | $160.0M | $32.0M | −$18.0M | −$8.6M | $10.2M | $212,001 |
| EPS (diluted) | $0.30 | $0.38 | $0.23 | −$0.13 | −$0.84 | −$0.01 | −$0.47 | — |
| Gross margin | 78.1% | 84.4% | 85.3% | 82.4% | 78.6% | 71.9% | 70.2% | 68.7% |
| Operating margin | 11.8% | 15.2% | 12.5% | −3.5% | −6.4% | −5.0% | 1.1% | −0.7% |
| Net margin | 7.0% | 12.4% | 11.2% | −1.9% | −7.2% | −6.9% | −0.2% | −2.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $274.3M | $261.6M | $274.7M | $270.9M | $260.6M | $246.6M | $261.7M | $248.3M | $239.5M | $228.2M | $224.3M | $208.0M |
| Cost of revenue | $78.9M | $54.1M | $62.4M | $42.5M | $40.6M | $39.3M | $43.1M | $38.1M | $37.0M | $34.0M | $36.3M | $30.4M |
| Gross profit | $195.3M | $207.5M | $212.3M | $228.4M | $220.0M | $207.3M | $218.6M | $210.2M | $202.6M | $194.2M | $188.0M | $177.6M |
| Research & development | $47.0M | $43.3M | $40.9M | $39.9M | $37.4M | $37.3M | $40.4M | $34.6M | $27.6M | $32.1M | $35.0M | $26.9M |
| Sales, general & admin | $110.2M | $94.1M | $102.0M | $95.5M | $94.2M | $84.6M | $123.3M | $82.0M | $76.7M | $74.1M | $97.0M | $73.8M |
| Total operating expenses | $178.4M | $175.5M | $183.4M | $192.0M | $190.0M | $177.9M | $189.4M | $175.1M | $156.2M | $155.8M | $162.3M | $148.1M |
| Operating income | $16.9M | $32.0M | $28.9M | $36.3M | $30.1M | $29.3M | $29.2M | $35.2M | $46.3M | $38.4M | $25.7M | $29.5M |
| Interest income | $52.1M | $51.5M | $55.8M | $59.5M | $58.3M | $58.0M | $3.0M | $1.7M | $976,000 | $2.7M | — | $1.1M |
| Interest expense | $10.6M | $613,000 | $1.5M | $5.8M | $227,000 | $1.6M | $3.0M | $38.1M | $37.0M | $34.0M | $1.8M | $30.4M |
| Income before taxes | $6.3M | $29.2M | $27.5M | $30.5M | $29.9M | $27.8M | $26.2M | $22.1M | $48.3M | $42.9M | $41.3M | $22.8M |
| Income taxes | $8.7M | $9.6M | $8.4M | $16.4M | $10.4M | $7.2M | $8.0M | −$19.5M | $15.9M | $13.9M | $14.3M | $10.0M |
| Net income | −$2.4M | $19.6M | $19.0M | $14.1M | $19.5M | $20.6M | $18.2M | $41.6M | $32.4M | $29.0M | $27.0M | $12.8M |
| EBITDA | $38.2M | $47.5M | $47.0M | $52.6M | $57.9M | $29.9M | $28.4M | $34.2M | $66.3M | $45.0M | $45.2M | $24.8M |
| EPS (diluted) | $0.02 | $0.06 | $0.05 | $0.06 | $0.09 | $0.10 | $0.05 | $0.16 | $0.09 | $0.08 | $0.07 | $0.05 |
| Gross margin | 71.2% | 79.3% | 77.3% | 84.3% | 84.4% | 84.0% | 83.5% | 84.7% | 84.6% | 85.1% | 83.8% | 85.4% |
| Operating margin | 6.2% | 12.2% | 10.5% | 13.4% | 11.5% | 11.9% | 11.2% | 14.2% | 19.3% | 16.8% | 11.5% | 14.2% |
| Net margin | −0.9% | 7.5% | 6.9% | 5.2% | 7.5% | 8.3% | 6.9% | 16.7% | 13.5% | 12.7% | 12.0% | 6.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PAYO's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PAYO financial results
In fiscal year 2025 (ended December 31, 2025), Payoneer Global reported revenue of $1.1 billion, up 7.7% from the year before. It had net income of $73.2 million (down 39.6%), a net profit margin of 7.0%. Diluted earnings per share came to $0.30. Over five years revenue grew at an average rate of 25.0% a year.
See the PAYO stock overview for the latest quote and news, or the PAYO chart for price history and technical indicators.
PAYO income statement FAQ
What is Payoneer Global's annual revenue?
Payoneer Global reported total revenue of $1.1 billion for fiscal year 2025, which ended on December 31, 2025. That was up 7.7% from $977.7 million the previous year.
Is Payoneer Global profitable?
Yes. Payoneer Global reported net income of $73.2 million in fiscal 2025, a net profit margin of 7.0%; its operating margin was 11.8%.
What is Payoneer Global's gross margin?
Payoneer Global's gross margin was 78.1% in fiscal 2025: for every $100 of revenue, Payoneer Global kept $78 after the direct cost of its products and services.
How much does Payoneer Global spend on research and development?
Payoneer Global spent $155.4 million on research and development in fiscal 2025, 14.8% of revenue.
How fast is Payoneer Global growing?
Revenue grew 25.0% a year on average over the last five fiscal years, from $345.6 million to $1.1 billion.
What are Payoneer Global's earnings per share?
Payoneer Global earned $0.30 per diluted share in fiscal 2025, compared with $0.38 a year earlier.
When will Payoneer Global report its next earnings?
Payoneer Global is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 before the market opens.
When does Payoneer Global's fiscal year end?
Payoneer Global's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.