FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Payoneer Global Inc. (Exact name of registrant as specified in its charter) Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Delaware 001-40547 86-1778671 (State or other jurisdiction of incorpora ...

Payoneer Global (PAYO) Q2 2025 Earnings Call August 06, 2025 08:30 AM ET Company ParticipantsMichelle Wang - VP - IRJohn Caplan - CEO & DirectorBea Ordonez - CFOTrevor Williams - Managing DirectorWill Nance - Vice PresidentSanjay Sakhrani - Managing DirectorDaniel Krebs - Senior AssociateConference Call ParticipantsNate Svensson - Director, Senior Equity Research Analyst - Payments, Processors & IT ServicesCristopher Kennedy - Research Analyst - Financial Services & TechnologyMayank Tandon - Senior AnalystO ...

Payoneer Global (PAYO) Q2 2025 Earnings Call August 06, 2025 08:30 AM ET Speaker0Good morning. Thank you for standing by. Welcome to Payoneer's Second Quarter twenty twenty five Earnings Conference Call. At this time, all lines have been placed on mute to prevent any background noise. Following the speakers' remarks, we will open the lines for your questions.As a reminder, this conference call is being recorded. I would now like to turn the call over to Michelle Wang, Payoneer's Vice President of Investor R ...

Non-GAAP Financial Measures 2Q 2025 Investor Presentation NASDAQ:PAYO | August 6, 2025 Disclaimers This presentation does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase any security. You should not construe the contents of this presentation as legal, tax, accounting or investment advice or a recommendation. Forward-Looking Statements Certain statements in this presentation may be considered "forward- looking statements" within the meaning of the "safe har ...

2. SMB customer take rate represents revenue from SMBs who sell on marketplaces, B2B SMBs, and Checkout (previously known as Merchant Services), divided by the associated volume from each respective channel. "Payoneer delivered another strong quarter, with record revenue excluding interest income up 16% year-over-year and robust growth across our SMB customers. Our performance reflects the strength of our business model and our disciplined execution. Our global customers continue to adapt and innovate in a ...

Payoneer's (NASDAQ: PAYO ) business is at a crossroads after it withdrew its 2025 guidance due to global uncertainty and is reporting slightly lower growth rates due to less interest income from lower interest rates. This valuation hasI have a long-term investment horizon and look for companies with strong fundamentals that have been beaten down due to short-term headwinds. I believe the market is overly concerned with the short-term, which leaves many great companies mispriced. I seek to uncover these shor ...

Group 1 - Payoneer possesses excellent quality metrics and faces limited competition with similar levels of relationships and product breadth [1] - The company charges its clients at higher rates compared to low-cost alternatives, leveraging the strength of its network [1]

Business Overview - Payoneer aims to connect underserved businesses to the global economy, addressing the complexities of cross-border transactions for SMBs[17, 18] - The company serves diverse customer types, including consumer goods sellers, contractors, service providers, and goods traders in fast-growing markets[28, 29] - Payoneer has 198 million active customers, including 530,000 active Ideal Customer Profiles (ICPs), and holds $59 billion in customer balances[38] Financial Performance - Total volume grew by 21% in Q1 2024, driven by diverse customer channels[44] - Revenue excluding interest income and onboarding fees from an enterprise client grew by 21% year-over-year in Q1 2024, reaching $163 million[71] - The company earned $65 million in interest income on customer funds in Q1 2024[53] Growth Strategy - Payoneer is focused on driving faster ICP growth in higher take rate regions and with larger, higher volume ICPs[63] - The number of active ICPs increased by 8% year-over-year, reaching 530,000 in Q1 2024[64] - The company is expanding its accounts payable (AP) capabilities to drive greater retention and lifetime value among larger SMBs[57] Financial Outlook - Payoneer is reiterating its 2024 full-year revenue guidance of $895-905 million and adjusted EBITDA guidance of $200-210 million[91] - The company targets a mid-teens revenue growth and a 25% adjusted EBITDA margin in the medium term (through 2026)[95]

Payoneer Global (PAYO) FY Conference June 04, 2025 01:40 PM ET Speaker0 Alright. Thanks everyone for joining us today both in person and online. My name is Chris Kennedy. I'm the research analyst at William Blair covering the fintech and payment space. For a complete list of research disclosures and or potential conflicts of interest, please visit our website at williamblair.com. Next up, we have Payoneer. From the company, we have the CEO, John Kaplan, and the CFO, Pete Ordonez. Payoneer does a lot of thin ...

Payoneer Global (PAYO) FY Conference Summary Company Overview - **Company**: Payoneer Global - **Industry**: Financial Technology (FinTech) - **Focus**: Empowering small and medium-sized businesses (SMBs) for global transactions - **Global Reach**: Customers in 190 countries and territories [4][5] Core Points and Arguments - **Mission**: To simplify cross-border payments and accounts for businesses globally [5] - **Revenue Growth**: Achieved 42% revenue growth over the last two years and turned the core business profitable [5][17] - **Customer Base**: 2 million active customers with 11 million applications annually [14] - **Market Opportunity**: Positioned in a $300 billion marketplace payouts business, with significant potential in cross-border B2B payments for SMBs and emerging markets [12][24] - **Strategic Focus**: Shifted from a one-size-fits-all approach to a targeted strategy focusing on larger B2B customers [14][54] - **Financial Performance**: Delivered 20% revenue growth in 2024, exceeding medium-term targets [17] Industry Dynamics - **Competitive Landscape**: Competes with PayPal but also collaborates with them; primarily disrupts traditional banks that lack modern technology [26][30] - **Emerging Markets**: Actively expanding in India, with a new partnership with Alibaba.com to onboard Indian exporters [25][43] - **Cross-Border Payments**: Significant growth in the SMB economy, with a focus on underserved markets [24][30] Product and Service Innovations - **Financial Stack**: A comprehensive suite of services for accounts receivable (AR) and accounts payable (AP) [46] - **Card Product Growth**: 30% growth in card usage over the last six quarters, indicating strong customer loyalty [46][48] - **Customer-Centric Approach**: Focus on understanding and meeting the unique needs of SMBs globally [30][32] Macro Environment and Challenges - **Resilience**: Despite macroeconomic disruptions (e.g., Ukraine war, SVB collapse), the business remains strong and resilient [19][40] - **Trade Dynamics**: No significant deterioration in financials due to trade disruptions; sellers are adapting to changing tariff environments [40][41] Future Outlook - **Growth Trajectory**: Early stages of a multi-year growth journey with strong momentum and opportunities ahead [20][21] - **Stablecoins**: Exploring the potential of stablecoins as a payment rail, leveraging existing customer trust [36][37] - **Customer Retention**: Focus on high-value customers and expanding product offerings to drive revenue growth [54][55] Additional Insights - **Cultural Impact**: Payoneer is viewed as synonymous with entrepreneurship in many regions, particularly in emerging markets [10] - **Customer Engagement**: Strong emphasis on building relationships and community with customers [30][32] - **Adaptability**: The company is well-positioned to adapt to changing market conditions and customer needs [39][60]