The guidance raise and accelerating B2B growth signal improving business quality. Monitor next quarter for sustained core revenue acceleration and interest income stabilization. The upmarket strategy and stablecoin initiatives could drive further upside.
Price Chart
Executive Summary
Payoneer reported Q1 2026 revenue of $261.6M (+6% YoY) and diluted EPS of $0.06, beating consensus of $0.04. Revenue ex-interest income grew 11% with B2B volume accelerating 44% YoY. Full-year 2026 guidance was raised: revenue now $1,100-$1,140M and adjusted EBITDA $285-$295M, signaling confidence in core business momentum despite a 5% decline in GAAP net income.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $261.6M, +6% YoY; revenue ex-interest $210.1M, +11% YoY
- Diluted EPS $0.06 vs consensus $0.04, a 50% beat
- Net income $19.6M, -5% YoY due to higher R&D and G&A expenses
- B2B volume growth accelerated to 44% YoY, with strong China, EMEA, APAC
- Raised FY2026 guidance: revenue $1,100-$1,140M (from $1,090-$1,130M), adjusted EBITDA $285-$295M (from $275-$285M)
- Share repurchases of $74M in Q1 at $5.16 avg price
- Operating cash flow $51.8M, free cash flow $23.1M
Financial Impact
Guidance raise implies ~$10M incremental revenue and EBITDA at midpoint, with Q1 EPS exceeding Street by 50%.
Risk Factors
- Net income declined YoY despite revenue growth, indicating rising costs
- Interest income dropped 11% YoY, pressuring total revenue
- Tariff and geopolitical headwinds could slow cross-border volumes
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-056688 |
| Document: payo-20260507x8k.htm | 0001104659-26-056688 |
| Document: 0001104659-26-056688-index-headers.html | 0001104659-26-056688 |
| Document: 0001104659-26-056688-index.html | 0001104659-26-056688 |
| Document: 0001104659-26-056688.txt | 0001104659-26-056688 |
| 8-K Data (Synthetic) | 0001104659-26-056688 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 8, 2026 18d ago | 8-K | $7.14 | awaiting T+60 | — | $7.15 (+0.14%) |
Aug 6, 2026 11w ago | DEFA14A | $7.11 | awaiting T+60 | — | $7.15 (+0.56%) |
Aug 6, 2026 11w ago | 8-K | $7.11 | awaiting T+60 | — | $7.15 (+0.56%) |
Jun 30, 2026 16w ago | DEFA14A | $7.09 $7.13 | ▲ +0.56% | ▼ −2.31% | $7.15 (+0.85%) |
Jun 15, 2026 19w ago | 144 | $7.02 $7.12 | ▲ +1.42% | ▲ +0.42% | $7.15 (+1.85%) |
Jun 15, 2026 19w ago | DEFA14A | $7.02 $7.12 | ▲ +1.42% | ▲ +0.42% | $7.15 (+1.85%) |
Jun 15, 2026 19w ago | DEFA14A | $7.03 $7.11 | ▲ +1.14% | ▲ +0.14% | $7.15 (+1.71%) |
Jun 15, 2026 19w ago | 8-K | $7.03 $7.11 | ▲ +1.14% | ▲ +0.14% | $7.15 (+1.71%) |
May 7, 2026 24w ago | 8-K | $5.06 $7.11 | ▲ +40.51% | ▲ +36.68% | $7.15 (+41.30%) |
Apr 27, 2026 26w ago | DEFA14A | $5.18 $7.12 | ▲ +37.45% | ▲ +33.46% | $7.15 (+38.03%) |
US Market Status
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