--- title: "Payoneer Global | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 274.26 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/295101173.md" datetime: "2026-08-06T11:37:30.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295101173.md) - [en](https://longbridge.com/en/news/295101173.md) - [zh-HK](https://longbridge.com/zh-HK/news/295101173.md) generator: "portal-rs" --- # Payoneer Global | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 274.26 M Revenue: As of FY2026 Q2, the actual value is USD 274.26 M, beating the estimate of USD 270.98 M. EPS: As of FY2026 Q2, the actual value is USD -0.01. EBIT: As of FY2026 Q2, the actual value is USD 6.311 M. ### Financial Highlights (Second Quarter 2026 vs. Second Quarter 2025) Payoneer Global Inc. reported revenue excluding interest increased by 10% to $222.2 million in Q2 2026, up from $202.3 million in Q2 2025. Total revenue grew by 5% year-over-year, reaching $274.3 million in Q2 2026 compared to $260.6 million in Q2 2025. Interest income decreased by -11% to $52.1 million from $58.3 million. Net income for Q2 2026 was -$2.4 million, a decrease from $19.5 million in Q2 2025. Adjusted EBITDA increased by 7% to $71.4 million in Q2 2026 from $66.4 million in Q2 2025. Adjusted EBITDA excluding interest income saw a 138% increase, reaching $19.3 million in Q2 2026 from $8.1 million in Q2 2025. Transaction costs as a percentage of revenue decreased by -190 basis points to 13.7% in Q2 2026 from 15.6% in Q2 2025. Operating income for Q2 2026 was $16.9 million, down from $30.1 million in Q2 2025. Income before income taxes was $6.3 million in Q2 2026, a decrease from $29.9 million in Q2 2025. Income taxes were $8.7 million in Q2 2026, compared to $10.4 million in Q2 2025. Other financial expense, net, was $10.6 million in Q2 2026, significantly higher than $0.2 million in Q2 2025. Total operating expenses increased to $257.3 million in Q2 2026 from $230.5 million in Q2 2025. #### Operating Expenses (Three Months Ended June 30) Transaction costs were $37.7 million in 2026, compared to $40.6 million in 2025. Other operating expenses were $41.3 million in 2026, versus $42.7 million in 2025. Research and development expenses increased to $47.0 million in 2026 from $37.4 million in 2025. Sales and marketing expenses were $61.8 million in 2026, up from $57.3 million in 2025. General and administrative expenses rose to $48.4 million in 2026 from $37.0 million in 2025. Depreciation and amortization increased to $21.2 million in 2026 from $15.6 million in 2025. ### Operational Metrics (Second Quarter 2026 vs. Second Quarter 2025) Total volume increased by 15% year-over-year to $23.7 billion in Q2 2026 from $20.7 billion in Q2 2025. Average Revenue Per User (ARPU) grew by 18% to $533 in Q2 2026 from $452 in Q2 2025. The overall Take Rate decreased by -10 basis points to 116 bps in Q2 2026 from 126 bps in Q2 2025. The SMB customer take rate slightly decreased by -2 basis points to 118 bps in Q2 2026 from 120 bps in Q2 2025. #### Segment Volume Growth (Second Quarter 2026 Year-over-Year) SMBs that sell on marketplaces volume reached $12.4 billion, an increase of 2%. B2B volume grew by 48% to $4.3 billion, driven by strong growth in China and EMEA. Checkout volume increased by 52% to $332 million. Enterprise payouts volume was $6.6 billion, up 22%. #### SMB Customer Revenue (Second Quarter 2026 Year-over-Year) SMB customer revenue grew 10% to $201 million. Revenue from SMBs that sell on marketplaces was $119 million, up 2%. B2B SMBs revenue increased by 18% to $69 million. Checkout revenue grew by 51% to $13 million. #### Revenue Disaggregation by Source (Three Months Ended June 30) Revenue from contracts with customers was $220.3 million in 2026, compared to $200.5 million in 2025. Of this, $218.3 million in 2026 was recognized at a point in time, versus $199.6 million in 2025. Revenue recognized over time was $2.0 million in 2026, up from $0.9 million in 2025. Revenue from other sources was $53.9 million in 2026, down from $60.1 million in 2025. Interest income on customer balances was $52.1 million in 2026, compared to $58.3 million in 2025. Capital advance income remained flat at $1.8 million in both 2026 and 2025. #### Revenue by Primary Regional Market (Three Months Ended June 30) Revenue from Greater China was $93.2 million in 2026, up from $85.9 million in 2025. Europe, Middle East, and Africa generated $68.3 million in 2026, slightly up from $67.4 million in 2025. Asia-Pacific revenue increased to $60.8 million in 2026 from $53.8 million in 2025. Latin America revenue decreased to $25.8 million in 2026 from $28.9 million in 2025. North America revenue was $26.2 million in 2026, compared to $24.7 million in 2025, with the United States contributing $25.3 million in 2026 versus $23.5 million in 2025. ### Cash Flow (Six Months Ended June 30) Net cash provided by operating activities was $113.0 million in 2026, down from $124.4 million in 2025. Net cash provided by investing activities was $50.4 million in 2026, a significant change from -$133.5 million in 2025. Net cash provided by financing activities was -$255.6 million in 2026, compared to $2.2 million in 2025. ### Other Key Metrics Customer funds totaled $7.7 billion as of June 30, 2026, reflecting 10% year-over-year growth. Share repurchases amounted to $16 million in Q2 2026 at a weighted average price of $4.91 per share. ### Outlook / Guidance Payoneer Global Inc. has suspended earnings conference calls and the practice of providing financial guidance due to its pending acquisition by Nuvei. The company has withdrawn its financial outlook for the year ending December 31, 2026, along with its medium and long-term targets. Payoneer Global Inc. will continue to provide quarterly earnings releases and file reports with the SEC until the transaction is completed. ### Related Stocks - [PAYO.US](https://longbridge.com/en/quote/PAYO.US.md) ## Related News & Research - [Flputnam Investment Management Co. 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