--- title: "Payoneer Global | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 261.6 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285542896.md" datetime: "2026-05-07T11:37:34.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285542896.md) - [en](https://longbridge.com/en/news/285542896.md) - [zh-HK](https://longbridge.com/zh-HK/news/285542896.md) --- # Payoneer Global | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 261.6 M Revenue: As of FY2026 Q1, the actual value is USD 261.6 M, beating the estimate of USD 254.29 M. EPS: As of FY2026 Q1, the actual value is USD 0.06. EBIT: As of FY2026 Q1, the actual value is USD 30.02 M. #### Segment Revenue (by primary regional market) - **Greater China**: Generated $86,616 thousand in Q1 2026, compared to $84,896 thousand in Q1 2025. - **Europe, Middle East, and Africa (EMEA)**: Contributed $64,751 thousand in Q1 2026, up from $58,893 thousand in Q1 2025. - **Asia-Pacific (APAC)**: Revenue was $58,185 thousand in Q1 2026, an increase from $51,260 thousand in Q1 2025. - **Latin America**: Reported $26,047 thousand in Q1 2026, a decrease from $27,873 thousand in Q1 2025. - **North America**: Reached $25,996 thousand in Q1 2026, up from $23,695 thousand in Q1 2025. #### Operational Metrics - **Net Income**: Payoneer Global Inc. reported a net income of $19.6 million in Q1 2026, a -5% YoY decrease from $20.6 million in Q1 2025. In thousands, net income was $19,568 thousand for Q1 2026 compared to $20,577 thousand for Q1 2025. - **Operating Income**: Operating income was $30,021 thousand in Q1 2026, compared to $29,319 thousand in Q1 2025. - **Total Operating Expenses**: Totaled $231,574 thousand in Q1 2026, up from $217,298 thousand in Q1 2025. - **Transaction costs**: Were $35,202 thousand in Q1 2026, down from $39,349 thousand in Q1 2025, and as a percentage of revenue, transaction costs were 13.5% in Q1 2026, a decrease of -250 basis points YoY. - **Other operating expenses**: Amounted to $40,011 thousand in Q1 2026, compared to $41,658 thousand in Q1 2025. - **Research and development expenses**: Increased to $43,326 thousand in Q1 2026 from $37,271 thousand in Q1 2025. - **Sales and marketing expenses**: Rose to $58,112 thousand in Q1 2026 from $54,726 thousand in Q1 2025. - **General and administrative expenses**: Increased to $36,007 thousand in Q1 2026 from $29,904 thousand in Q1 2025. - **Depreciation and amortization**: Totaled $18,916 thousand in Q1 2026, up from $14,390 thousand in Q1 2025. - **Adjusted EBITDA**: Reached $69.4 million in Q1 2026, a 6% YoY increase from $65.4 million in Q1 2025. In thousands, Adjusted EBITDA was $69,448 thousand for Q1 2026 compared to $65,431 thousand for Q1 2025. - **Adjusted EBITDA ex. Interest Income**: Increased significantly by 140% YoY to $17.9 million in Q1 2026 from $7.5 million in Q1 2025. - **Volume**: Totaled $22.8 billion in Q1 2026, a 16% YoY increase from $19.7 billion in Q1 2025, with B2B volume growth accelerating to 44% YoY. - **Average Revenue Per User (ARPU)**: Grew by 17% YoY to $513 in Q1 2026, and ARPU excluding interest income grew by 22%. - **Revenue as a % of volume (“Take Rate”)**: Was 115 basis points in Q1 2026, a decrease of -10 basis points YoY. - **SMB customer take rate**: Expanded by 1 basis point to 120 basis points in Q1 2026. - **SMB customer revenue**: Totaled $189 million, growing 12% YoY, including $115 million from SMBs selling on marketplaces (up 4% YoY), $64 million from B2B SMBs (up 23% YoY), and $10 million from Checkout revenue (up 46% YoY). - **Customer funds**: Amounted to $7.6 billion as of March 31, 2026, representing a 15% YoY growth. - **Share Repurchases**: Payoneer Global Inc. repurchased $74 million in shares in Q1 2026 at a weighted average price of $5.16, significantly up from $17 million in Q1 2025. #### Cash Flow - **Net cash provided by operating activities**: Was $51,831 thousand for Q1 2026, compared to $53,716 thousand for Q1 2025. - **Net cash used in investing activities**: Totaled - $60,890 thousand for Q1 2026, compared to - $47,986 thousand for Q1 2025. - **Net cash used in financing activities**: Amounted to - $385,654 thousand for Q1 2026, compared to - $402,446 thousand for Q1 2025. #### 2026 Outlook Payoneer Global Inc. increased its full-year 2026 guidance, projecting revenue excluding interest between $900 million and $940 million, and interest income at $200 million. The company anticipates adjusted EBITDA to range from $285 million to $295 million. 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