Payoneer Global Inc. PAYO
Payoneer is a financial technology company purpose-built to enable the world's small and medium-sized businesses ("SMB(s)") to grow and operate their businesses around the world by reliably and securely connecting them to the global digital economy. Payoneer was founded in 2005 and in the 20+ years since the Company's founding, we have built a global financial stack that makes it easier for millions of SMBs and entrepreneurs, particularly in emerging markets, to access global demand and supply, pay and get paid, and manage their cross border and other financial operations needs from a single platform. Payoneer's core value proposition is that we remove the complexity and barriers of doing business across borders for our customers. With a multi-currency Payoneer Account, businesses around the world can serve and transact with their global customers, suppliers, vendors, and partners as if they were local.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $813.4M | $710.3M | $590.8M | $563.6M | $460.6M | $339.6M | $300.5M | — | — |
| R&D | $155.4M | $134.6M | $119.2M | $115.0M | $80.8M | $52.3M | $34.8M | — | — |
| SG&A | $141.4M | $113.3M | $100.9M | $90.0M | $64.4M | $37.6M | $31.0M | — | — |
| Total operating expenses | $928.1M | $828.7M | $727.5M | $649.8M | $503.6M | $362.9M | $314.1M | — | — |
| Operating income | $124.7M | $149.0M | $103.6M | -$22.2M | -$30.2M | -$17.3M | $3.6M | — | — |
| Pre-tax income | $115.6M | $139.5M | $132.5M | $1.6M | -$25.2M | -$15.3M | $4.2M | — | — |
| Income tax | $42.4M | $18.3M | $39.2M | $13.6M | $8.7M | $8.3M | $4.7M | — | — |
| Net income | $73.2M | $121.2M | $93.3M | -$12.0M | -$34.0M | -$23.7M | -$625.0K | — | — |
| EPS, basic | 0.20 | 0.34 | 0.26 | -0.03 | -0.33 | -0.80 | -0.33 | — | — |
| EPS, diluted | 0.19 | 0.31 | 0.24 | -0.03 | -0.33 | -0.80 | -0.33 | — | — |
| Shares, diluted (wtd. avg.) | $376.7M | $386.2M | $392.7M | $348.0M | $202.9M | $47.0M | $36.1M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $415.5M | $497.5M | $617.0M | $6.39B | $4.84B | $3.41B | $1.80B | — | $1.48B |
| Receivables | $10.4M | $11.9M | $8.0M | $12.9M | $13.8M | $17.8M | — | — | — |
| Total current assets | $8.11B | $7.10B | $7.11B | $6.47B | $4.96B | $3.57B | — | — | — |
| Property, plant and equipment | $32.4M | $16.1M | $15.5M | $14.4M | $12.1M | $12.7M | — | — | — |
| Goodwill | $77.8M | $77.8M | $19.9M | $19.9M | $21.1M | $22.5M | — | — | — |
| Other intangibles | $208.1M | $102.4M | $76.3M | $45.4M | $37.5M | $34.4M | — | — | — |
| Total assets | $8.96B | $7.93B | $7.28B | $6.59B | $5.08B | $3.67B | — | — | — |
| Short-term debt | — | — | — | — | — | $13.5M | — | — | — |
| Total current liabilities | $8.08B | $7.13B | $6.54B | $5.98B | $4.50B | $3.44B | — | — | — |
| Long-term debt | — | — | $18.4M | $16.1M | $13.7M | $26.5M | — | — | — |
| Total liabilities | $8.25B | $7.21B | $6.62B | $6.05B | $4.59B | $3.48B | — | — | — |
| Retained earnings | $179.2M | $106.0M | -$15.2M | -$108.5M | -$94.1M | -$60.1M | — | — | — |
| Total equity | $704.4M | $724.8M | $664.3M | $545.3M | $487.1M | $24.3M | -$5.4M | -$16.5M | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $233.5M | $176.9M | $159.5M | $84.0M | $20.0M | $9.5M | -$14.3M | — | — |
| Depreciation and amortisation | $65.6M | $47.3M | $27.8M | $20.9M | $18.0M | $17.1M | $10.3M | — | — |
| Stock-based compensation | $73.1M | $64.8M | $65.8M | $52.1M | $37.0M | $11.1M | $9.5M | — | — |
| Capital expenditure | $26.9M | $8.2M | $8.5M | $10.5M | $6.9M | $5.0M | $9.1M | — | — |
| Investing cash flow | -$218.3M | -$1.96B | -$44.3M | $5.7M | $10.2M | -$66.9M | -$20.6M | — | — |
| Financing cash flow | $738.0M | $427.8M | $512.0M | $1.46B | $1.40B | $1.67B | $353.7M | — | — |
| Buybacks | $173.6M | $137.5M | $55.4M | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-049462.
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