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Payoneer Global Inc.
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NASDAQ: PAYO Technology IT 🔎 Screen
🏹 Trader: 🎯 Near 52W High | BRS 73 Forming · stale View all →
$2.4B
Market Cap
25.3
P/E
5.72
PEG
13.6%
ROCE
2.1%
ROE
0.13
D/E
11.3%
OPM
-0.8%
% from 52W High
75
α RS
🔍 PAYO is showing a multi-screen setup because it matches 3 of 39 tracked screener presets, Sector RRG has Technology in the Improving quadrant with the trail still strengthening, RS Rating is 75, and it has maintained a 35-day Near 52-Week High momentum persistence. The main caution: the Minervini Vcp preset's Backtest win rate is only 45.2%. Net: Mixed signal stack, not a recommendation. ? Conviction RRG RS Rating Momentum Streaks Backtest
Sources
Conviction 3/39 · Technology in Improving quadrant · RS Rating 75 · Near 52-Week High streak: 35d · Backtest win rate 45.2%
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🌏 Global Investor Returns
Currency-adjusted total returns for PAYO including FX impact
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📈 Price History
Ratio Health
— Excellent
— Good
— Average
— Poor
By Category
📊 Peer Medians
About

Payoneer Global Inc. operates as a financial technology company. The company offers customers with a multi-currency account to serve their cross-border accounts receivable and accounts payable needs through payment infrastructure platform. It delivers a suite of services, such as funds management, working capital, multicurrency accounts, and workforce management. It also provides various payment options with minimal integration required, full back-office functions, and customer support. The company serves small and medium-sized businesses worldwide. Payoneer Global Inc. was founded in 2005 and is headquartered in New York, New York.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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⭐ Superinvestors Holding PAYO
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 2.43M $11.7M 0.02% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
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🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →
📊 MIXED Payoneer Q1 2026: Revenue ex-interest up 11%, B2B volume +44%, EBITDA $69M.
Revenue & Profitability
Total revenue was $262 million (up 6%), with revenue excluding interest income of $210 million (up 11%). Net income was $20 million. Adjusted EBITDA was $69 million, representing a 27% margin, while core Adjusted EBITDA ex-interest income hit a record $18 million. Total volume grew 16% to over $22 billion, and ARPU ex-interest income increased 22% for the seventh consecutive quarter.
Outlook
Management views the macro environment as stable, with robust B2B behavior and stable to improving marketplace trends. They expect to exit 2026 with mid-teens core revenue growth and anticipate B2B volume growth of over 30% for the rest of the year. Tariff headwinds are expected to lap in the back half, supporting acceleration.
Growth Drivers
Growth is driven by the B2B franchise (44% volume growth, more than doubling from Q4), upmarket customer acquisition, strong performance in China (both existing and new customers), and accelerating enterprise payouts (28% volume growth). Checkout business migration to Stripe exceeded expectations, and stablecoin wallet waitlist saw 80% net new customers. Marketplace volume in China doubled year-over-year.
Balance Sheet & CapEx
Not discussed in detail. However, the company noted higher CapEx related to a move to new office space in Israel. Investments include stablecoin capabilities via Bridge, agentic AI pilots in customer support and lead generation, and the application to establish an uninsured national trust bank in the U.S.
Margins
Adjusted EBITDA margin was 27% in Q1. Core Adjusted EBITDA ex-interest income hit a record $18 million. The company expects to more than double core Adjusted EBITDA to $90 million at the midpoint of 2026 guidance. Operating leverage is being unlocked through transaction cost optimization (down 250 bps overall, 400 bps ex-interest) and disciplined expense management (adjusted OpEx growth of 6-7%).
Key Risks
Not explicitly flagged as risks. Management noted that the migration of checkout to Stripe carried expected churn risk but performed better than anticipated (over 90% portfolio transition). Tariff impacts are being lapped in the back half of the year. No other risks were raised by management or analysts.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q1 2026 Q1 2026 2026-05-07
Q1 saw accelerating growth in revenue and B2B volumes, with strong profitability and robust performance across all major regions. Guidance for 2026 was raised, reflecting confidence in continued momentum, especially in B2B and new product initiatives.
Q4 2025 Q4 2025 2026-02-26
Record 2025 results driven by strong B2B and enterprise growth, margin expansion, and strategic investments in AI and stablecoin. 2026 guidance calls for double-digit revenue growth, margin improvement, and continued upmarket focus, with buybacks and hedging supporting financial resilience.
Q3 2025 Q3 2025 2025-11-05
Record Q3 results with 15% revenue growth ex interest, strong B2B expansion, and rising ARPU. Customer funds held grew 17% YoY, supporting higher interest income, and 2025 guidance was raised for both revenue and adjusted EBITDA.
Q2 2025 Q2 2025 2025-08-06
Delivered record Q2 revenue ex interest income (up 16% YoY) and strong B2B growth, with adjusted EBITDA margin at 25%. Raised 2025 guidance, expanded partnerships, and advanced stablecoin and blockchain initiatives.
Q1 2025 Q1 2025 2025-05-07
Revenue excluding interest income grew 16% year-over-year, with adjusted EBITDA at $65 million and a 27% margin. Full-year 2025 guidance was suspended due to tariff-related uncertainty, with a potential $50 million revenue headwind if current trade policies persist.
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📊 Analysis Methodology

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
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Information Sources:
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