PAYO

Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Payoneer (NASDAQ:PAYO) and the best and worst performers in the diversified financial services industry. Diversified financial services encompass specialized offerings outside traditional categories. These firms benefit from identifying niche market opportunities, developing tailored financial products, and often facing less direct competition. Challenges include scale limitations, regulatory classification uncertainties, and the need to continuously innovate to maintain market differentiation against larger competitors expanding their offerings. The 10 diversified financial services stocks we track reported a mixed Q2. As a group, revenues beat analysts’ consensus estimates by 1.3% while next quarter’s revenue guidance was in line. Thankfully, share prices of the companies have been resilient as they are up 5.2% on average since the latest earnings results. Founded during the early days of global e-commerce in 2005 to solve international payment challenges, Payoneer (NASDAQ:PAYO) provides financial technology services that enable small and medium-sized businesses to send and receive payments globally across borders. Payoneer reported revenues of $274.3 million, up 5.2% year on year. This print exceeded analysts’ expectations by 1.2%. Despite the top-line beat, it was still a softer quarter for the company with EPS in line with analysts’ estimates. The market was likely pricing in the results, and the stock is flat since reporting. It currently trades at $7.10. Read our full report on Payoneer here, it’s free. Founded in 2004 to simplify the complex world of bill payments, Paymentus (NYSE:PAY) provides a cloud-based platform that helps utilities, municipalities, and service providers automate billing and payment processes. Paymentus reported revenues of $360.7 million, up 28.8% year on year, outperforming analysts’ expectations by 4.3%. The business had an exceptional quarter with a beat of analysts’ EPS and EBITDA estimates. Paymentus pulled off the highest guidance raise and fastest revenue growth in the group. The market seems happy with the results as the stock is up 21.6% since reporting. It currently trades at $41.98. Is now the time to buy Paymentus? Access our full analysis of the earnings results here, it’s free. With a history dating back to 1851 when it began as a telegraph company, Western Union (NYSE:WU) is a global money transfer service that enables consumers and businesses to send funds across borders and currencies, typically within minutes. Western Union reported revenues of $1.01 billion, down 1.3% year on year, falling short of analysts’ expectations by 1.4%. It was a disappointing quarter as it posted a significant miss of analysts’ EBITDA estimates and full-year EPS guidance missing analysts’ expectations significantly. Western Union delivered the slowest revenue growth among its peers. As expected, the stock is down 3.5% since the results and currently trades at $7.42. Read our full analysis of Western Union’s results here. Formerly known as FLEETCOR until its 2024 rebrand, Corpay (NYSE:CPAY) provides specialized payment solutions for businesses to manage vehicle expenses, corporate payments, and lodging costs with enhanced control and reporting capabilities. Corpay reported revenues of $1.34 billion, up 21.5% year on year. This result beat analysts’ expectations by 2.8%. Overall, it was a strong quarter as it also recorded full-year EPS guidance topping analysts’ expectations and a beat of analysts’ EPS estimates. Corpay had the weakest full-year guidance update of the whole group. The stock is up 5.9% since reporting and currently trades at $417.70. Read our full, actionable report on Corpay here, it’s free. Operating a global network of over 47,000 ATMs and 821,000 point-of-sale terminals across more than 60 countries, Euronet Worldwide (NASDAQ:EEFT) provides electronic payment solutions including ATM services, prepaid product processing, and international money transfer services. Euronet Worldwide reported revenues of $1.11 billion, up 3.2% year on year. This print lagged analysts’ expectations by 2.9%. Overall, it was a softer quarter as it also produced a significant miss of analysts’ EBITDA estimates and a significant miss of analysts’ EPS estimates. Euronet Worldwide had the weakest performance against analyst estimates in the group. The stock is down 12.8% since reporting and currently trades at $73. Read our full, actionable report on Euronet Worldwide here, it’s free. 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Payoneer Global Inc. (PAYO) came out with quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -60.00%. A quarter ago, it was expected that this company would post earnings of $0.04 per share when it actually produced earnings of $0.06, delivering a surprise of +50%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Payoneer Global, which belongs to the Zacks Financial Transaction Services industry, posted revenues of $274.26 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.51%. This compares to year-ago revenues of $260.61 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Payoneer Global shares have added about 26.7% since the beginning of the year versus the S&P 500's gain of 12.8%. While Payoneer Global has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Payoneer Global was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.07 on $287.13 million in revenues for the coming quarter and $0.26 on $1.12 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial Transaction Services is currently in the bottom 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Nayax (NYAX), is yet to report results for the quarter ended June 2026. The results are expected to be released on August 10. This financial technology company is expected to post quarterly earnings of $0.09 per share in its upcoming report, which represents a year-over-year change of -43.8%. The consensus EPS estimate for the quarter has been revised 1.4% higher over the last 30 days to the current level. Nayax's revenues are expected to be $120.54 million, up 26.1% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Payoneer Global Inc. (PAYO) : Free Stock Analysis Report Nayax Ltd. (NYAX) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

10% increase in revenue excluding interest 15% volume growth led by B2B acceleration, up 48% year-over-yearPayoneer announced an agreement to be acquired by Nuvei on June 15, 2026 NEW YORK, Aug. 6, 2026 /PRNewswire/ -- Payoneer Global Inc. ("Payoneer" or the "Company") (NASDAQ: PAYO), the global financial technology company powering business growth across borders, today reported financial results for its second quarter ended June 30, 2026. Second Quarter 2026 Financial Highlights "Payoneer's Q2 results reflect the strength of our business and execution of our team: double-digit revenue growth excluding interest, continued ARPU expansion, and a further acceleration of B2B volume growth to 48%. We've built highly differentiated assets over decades, including specialized infrastructure for cross border commerce, network effects that strengthen as we scale, and deep relationships with millions of global businesses who trust us to power their growth. In June, we announced an agreement to be acquired by Nuvei. The transaction validates the strength of the business our team has built and by combining our complementary platforms, we will create a financial infrastructure leader that powers global commerce at scale." John Caplan, Chief Executive Officer Second Quarter 2026 Business Highlights (unless otherwise noted) Revenue excluding interest income grew 10% year-over-year, driven by 15% volume growth led by a further acceleration in B2B volume growth. Volume of $23.7 billion increased 15% year-over-year, reflecting: SMB customer revenue of $201 million grew 10% year-over-year, reflecting: 18% growth in ARPU, and 22% growth in ARPU excluding interest income, the eighth consecutive quarter of 20%+ growth in ARPU excluding interest income. $7.7 billion of customer funds (including both short-term and long-term funds) as of June 30, 2026. Customer funds growth of 10% year-over-year partially offsetting the impact of lower interest rates on year-over-year interest income. $16 million of share repurchases in Q2 2026 at a weighted average price of $4.91 per share. During Q2, Payoneer suspended repurchases under its share repurchase program in connection with the proposed transaction with Nuvei and does not intend to resume repurchases going forward while the transaction is still pending. On July 28, 2026, early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act (HSR Act) was granted for the proposed transaction with Nuvei. Proposed Transaction with Nuvei As previously announced on June 15, 2026, Payoneer has entered into a definitive agreement under which Neon Maple Parent Inc., a corporation incorporated pursuant to the laws of Canada ("Nuvei") will acquire Payoneer. Under the terms of the agreement, Nuvei will acquire all of the issued and outstanding shares of common stock of Payoneer Global Inc. for $7.40 per share in cash, representing a total transaction equity value of approximately $2.75 billion. The transaction is expected to close in mid-2027, subject to approval by Payoneer's shareholders, receipt of required regulatory approvals, and other customary closing conditions. Upon completion of the transaction, Payoneer's shares will no longer trade on the NASDAQ, and Payoneer will become a private company. For more information about the proposed transaction with Nuvei, see the Company's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission ("SEC") on June 15, 2026. Upcoming Investor Communications and Financial OutlookIn light of the potential take-private transaction with Nuvei, Payoneer is suspending earnings conference calls, as well as our practice of providing financial guidance, thereby withdrawing our financial outlook for the year ending December 31, 2026, as well as our medium and long-term targets. For further detail and discussion of Payoneer's financial performance please refer to Payoneer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, which will be filed later today with the SEC. The Company plans to continue providing quarterly earnings releases and will continue to file reports with the SEC until the transaction has been completed. About Payoneer Payoneer is the financial platform for cross-border business and global payments. Payoneer empowers millions of businesses with the financial tools and services they need to grow and transact globally with confidence. Payoneer makes it easier for businesses, particularly in emerging markets, to connect to the global economy, pay and get paid across borders, manage their funds across multiple currencies, and grow their businesses. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Except for historical information contained in this press release, the matters discussed herein contain forward-looking statements that involve risks and uncertainties. Such statements are provided under the "safe harbor" protection of the Act. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "shall," "should," "expects," "plans," "positioning," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. Forward-looking statements include, but are not limited to, statements about transition and the impact of recent changes to our executive management team; statements regarding the expectations of demand for our products and cash flow generation; statements about improvements to and expansion of our products and platform, and launching new products; statements about future operating results, including revenue, volume, growth opportunities, variability of expenses, ability to realize efficiencies, future spending and incremental investments, business trends, our ability to deliver profits, and growth and value for shareholders; and assumptions regarding foreign exchange rates. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements regarding the transactions (the "Transaction") contemplated by the Agreement and Plan of Merger, dated as of June 12, 2026, by and among the Company, Nuvei and Panda Acquisition Sub Inc. (the "Merger Agreement"), including the expected time period to consummate the Transaction. All such forward-looking statements are based upon current plans, estimates, expectations and ambitions that are subject to risks, uncertainties and assumptions, many of which are beyond the control of the Company, that could cause actual results to differ materially from those expressed in such forward-looking statements. Key factors that could cause actual results to differ materially include, but are not limited to, the expected timing and likelihood of completion of the Transaction, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the Transaction; the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement; the possibility that the Company's stockholders may not approve the Transaction; the risk that the parties may not be able to satisfy the conditions to the Transaction in a timely manner or at all; risks related to disruption of management time from ongoing business operations due to the Transaction; the risk that any announcements relating to the Transaction could have adverse effects on the market price of the Company's common stock; the risk that the Transaction and its announcement could have an adverse effect on the parties' business relationships and business generally, including the ability of the Company to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers, and on their operating results and businesses generally; the risk of unforeseen or unknown liabilities; customer, stockholder, partner, regulatory and other stakeholder approvals and support; the risk of unexpected future capital expenditures; the risk of potential litigation relating to the Transaction that could be instituted against the Company or its directors and/or officers; the risk associated with third party contracts containing material consent, anti-assignment, transfer or other provisions that may be related to the Transaction which are not waived or otherwise satisfactorily resolved; the risk of various events that could disrupt operations, including severe weather, such as droughts, floods, avalanches and earthquakes, cybersecurity attacks, wars, security threats and governmental response to them, and technological changes; the risks of labor disputes, changes in labor costs and labor difficulties; and the risks resulting from other effects of industry, market, economic, legal or legislative, political or regulatory conditions outside of the Company's control. All such factors are difficult to predict and are beyond our control, including those detailed in the Company's annual report on Form 10-K for the fiscal year ended December 31, 2025 (and which is available at: https://www.sec.gov/Archives/edgar/data/1845815/000110465926020487/payo-20251231x10k.htm), quarterly reports on Form 10-Q and other documents subsequently filed by the Company with the Securities and Exchange Commission ("SEC") (and that are available at https://www.sec.gov/edgar/search/#/ciks=0001845815&entityName=Payoneer%2520Global%2520Inc.%2520(PAYO)%2520(CIK%25200001845815). The Company's forward-looking statements are based on assumptions that the Company believes to be reasonable but that may not prove to be accurate. Other unpredictable or unknown factors not discussed in this communication could also have material adverse effects on forward-looking statements. The Company does not assume an obligation to update any forward-looking statements, except as required by applicable law. These forward-looking statements speak only as of the date hereof. Additional Information and Where to Find It In connection with the Transaction, on July 31, 2026, the Company filed with the SEC a preliminary proxy statement on Schedule 14A. The definitive proxy statement, once filed, will be sent to the stockholders of the Company seeking their approval of the Transaction and other related matters. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT ON SCHEDULE 14A, AS WELL AS ANY OTHER RELEVANT DOCUMENTS FILED WITH OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTION OR INCORPORATED BY REFERENCE INTO THE PROXY STATEMENT, BECAUSE THEY CONTAIN IMPORTANT INFORMATION REGARDING THE COMPANY, THE TRANSACTION AND RELATED MATTERS. Investors and security holders may obtain free copies of these documents, including the proxy statement, and other documents filed with the SEC by the Company through the website maintained by the SEC at https://www.sec.gov/edgar/browse/?CIK=1845815&owner=exclude. Copies of documents filed with the SEC by the Company are available free of charge by accessing the Company's website at https://investor.payoneer.com/financials/sec-filings. Participants in the Solicitation The Company, Nuvei and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of the Company in connection with the Transaction under the rules of the SEC. Information about the interests of the directors and executive officers of the Company and other persons who may be deemed to be participants in the solicitation of stockholders of the Company in connection with the Transaction and a description of their direct and indirect interests, by security holdings or otherwise, are included in the preliminary proxy statement related to the Transaction, which was filed with the SEC. Information about the directors and executive officers of the Company and their ownership of the Company common stock is also set forth in the Company's definitive proxy statement in connection with its 2026 Annual Meeting of Stockholders, as filed with the SEC on April 27, 2026 (and which is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/0001845815/000110465926049462/tm261500-1_def14a.htm) and in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (and which is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/0001845815/000110465926020487/payo-20251231x10k.htm). Information about the directors and executive officers of the Company, their ownership of the Company common stock, and the Company's transactions with related persons is set forth in the sections entitled "Directors, Executive Officers and Corporate Governance," "Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters," and "Certain Relationships and Related Transactions, and Director Independence" included in the Company's annual report on Form 10-K for the fiscal year ended December 31, 2025, which was filed with the SEC on February 26, 2026 (and which is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/0001845815/000110465926020487/payo-20251231x10k.htm), and in the sections entitled "Information Regarding the Board of Directors and Corporate Governance," "Security Ownership of Certain Beneficial Owners and Management," "Certain Relationships and Related Party Transactions," and "Independence of the Board of Directors" included in the Company's definitive proxy statement in connection with its 2026 Annual Meeting of Stockholders, as filed with the SEC on April 27, 2026 (and which is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/0001845815/000110465926049462/tm261500-1_def14a.htm). Additional information regarding the interests of such participants in the solicitation of proxies in respect of the Transaction is included in the preliminary proxy statement, which was filed with the SEC, and other relevant materials to be filed with the SEC when they become available. These documents can be obtained free of charge from the SEC's website at www.sec.gov. No Offer or Solicitation This press release is not intended to and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities or the solicitation of any vote of approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Financial Information; Non-GAAP Financial Measures Some of the financial information and data contained in this press release, such as adjusted EBITDA, have not been prepared in accordance with United States generally accepted accounting principles ("GAAP"). Payoneer uses certain non-GAAP measures to compare Payoneer's performance to that of prior periods for budgeting and planning purposes. Payoneer believes these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to Payoneer's results of operations. Payoneer's method of determining these non-GAAP measures may be different from other companies' methods and, therefore, may not be comparable to those used by other companies and Payoneer does not recommend the sole use of these non-GAAP measures to assess its financial performance. Payoneer management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitation of these non-GAAP financial measures is that they exclude significant expenses and income that are required by GAAP to be recorded in Payoneer's financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by management about which expense and income are excluded or included in determining these non-GAAP financial measures. In order to compensate for these limitations, management presents non-GAAP financial measures in connection with GAAP results. You should review Payoneer's financial statements, which are included in Payoneer's Annual Report on Form 10-K for the year ended December 31, 2025 and its subsequent Quarterly Reports on Form 10-Q, and not rely on any single financial measure to evaluate Payoneer's business. Non-GAAP measures include the following items: Adjusted EBITDA: We provide adjusted EBITDA, a non-GAAP financial measure that represents our net income (loss) adjusted to exclude, as applicable: M&A related expense (income), stock-based compensation expenses, restructuring charges, loss (gain) from change in fair value of warrants and warrant repurchase/redemption, other financial expense (income), net, income taxes, and depreciation and amortization. Adjusted EBITDA ex. Interest: represents Adjusted EBITDA excluding interest income. Other companies may calculate the above measure differently, and therefore Payoneer's measures may not be directly comparable to similarly titled measures of other companies. Additional Information and Definitions In this earnings release, we reference volume, which is an operational metric. Volume refers to the total dollar value of transactions successfully completed or enabled by our platform, not including orchestration transactions. For a customer that both receives and later sends payments, we count the volume only once. Note: orchestration transactions ceased in 2024 and were related to our 2020 acquisition of optile GmbH. We also reference ARPU (Average Revenue Per User), which is defined as the Revenue from Active Customers divided by the number of Active Customers over the period in which the Revenue was earned. Active Customers for these purposes are defined as Payoneer accountholders with at least 1 financial transaction over the period. Revenue from Active Customers represents revenue attributed to Active Customers based on their use of the Payoneer platform, including interest income earned from their balances, and excluding revenues unrelated to their activities. Investor Contact:Michelle [email protected] Media Contact:Angela [email protected] Disaggregation of revenue The following table presents revenue recognized from contracts with customers as well as revenue from other sources: The following table presents the Company's revenue disaggregated by primary regional market, with revenues being attributed to the country (in the region) in which the billing address of the transacting customer is located, with the exception of global bank transfer revenues, where revenues are disaggregated based on the billing address of the transaction funds source. View original content to download multimedia:https://www.prnewswire.com/news-releases/payoneer-reports-second-quarter-2026-financial-results-302844544.html

NEW YORK, July 23, 2026 /PRNewswire/ -- Payoneer Global Inc. (NASDAQ: PAYO) ("Payoneer" or the "Company"), the global financial technology company powering business growth across borders, will report its Second Quarter 2026 financial results on Thursday, August 6, 2026, before the market opens. On June 15, 2026, Payoneer announced that it had entered into a definitive agreement under which Neon Maple Parent Inc., a corporation incorporated pursuant to the laws of Canada ("Nuvei") will acquire Payoneer. Under the terms of the agreement, Nuvei will acquire all of the issued and outstanding shares of common stock of Payoneer Global Inc. for $7.40 per share in cash, representing a total transaction equity value of approximately $2.75 billion. The transaction is expected to close in mid-2027, subject to approval by Payoneer's shareholders, receipt of required regulatory approvals, and other customary closing conditions. In light of the announced transaction, Payoneer will not host a conference call or webcast to review its financial results. About Payoneer Payoneer is the financial platform for cross-border business and global payments. Payoneer empowers millions of businesses with the financial tools and services they need to grow and transact globally with confidence. Payoneer makes it easier for businesses, particularly in emerging markets, to connect to the global economy, pay and get paid across borders, manage their funds across multiple currencies, and grow their businesses. Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Except for historical information contained in this press release, the matters discussed herein contain forward-looking statements that involve risks and uncertainties. Such statements are provided under the "safe harbor" protection of the Act. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "shall," "should," "expects," "plans," "positioning," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. Forward-looking statements include, but are not limited to, statements about transition and the impact of recent changes to our executive management team; statements regarding the expectations of demand for our products and cash flow generation; statements about improvements to and expansion of our products and platform, and launching new products; statements about future operating results, including revenue, volume, growth opportunities, variability of expenses, ability to realize efficiencies, future spending and incremental investments, business trends, our ability to deliver profits, and growth and value for shareholders; and assumptions regarding foreign exchange rates. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements regarding the transactions (the "Transaction") contemplated by the Agreement and Plan of Merger, dated as of June 12, 2026, by and among the Company, Nuvei and Panda Acquisition Sub Inc. (the "Merger Agreement"), including the expected time period to consummate the Transaction. All such forward-looking statements are based upon current plans, estimates, expectations and ambitions that are subject to risks, uncertainties and assumptions, many of which are beyond the control of the Company, that could cause actual results to differ materially from those expressed in such forward-looking statements. Key factors that could cause actual results to differ materially include, but are not limited to, the expected timing and likelihood of completion of the Transaction, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the Transaction; the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement; the possibility that the Company's stockholders may not approve the Transaction; the risk that the parties may not be able to satisfy the conditions to the Transaction in a timely manner or at all; risks related to disruption of management time from ongoing business operations due to the Transaction; the risk that any announcements relating to the Transaction could have adverse effects on the market price of the Company's common stock; the risk that the Transaction and its announcement could have an adverse effect on the parties' business relationships and business generally, including the ability of the Company to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers, and on their operating results and businesses generally; the risk of unforeseen or unknown liabilities; customer, stockholder, partner, regulatory and other stakeholder approvals and support; the risk of unexpected future capital expenditures; the risk of potential litigation relating to the Transaction that could be instituted against the Company or its directors and/or officers; the risk associated with third party contracts containing material consent, anti-assignment, transfer or other provisions that may be related to the Transaction which are not waived or otherwise satisfactorily resolved; the risk of various events that could disrupt operations, including severe weather, such as droughts, floods, avalanches and earthquakes, cybersecurity attacks, wars, security threats and governmental response to them, and technological changes; the risks of labor disputes, changes in labor costs and labor difficulties; and the risks resulting from other effects of industry, market, economic, legal or legislative, political or regulatory conditions outside of the Company's control. All such factors are difficult to predict and are beyond our control, including those detailed in the Company's annual report on Form 10-K for the fiscal year ended December 31, 2025 (and which is available at: https://www.sec.gov/Archives/edgar/data/1845815/000110465926020487/payo-20251231x10k.htm), quarterly reports on Form 10-Q and other documents subsequently filed by the Company with the Securities Exchange Commission ("SEC") (and that are available at https://www.sec.gov/edgar/search/#/ciks=0001845815&entityName=Payoneer%2520Global%2520Inc.%2520(PAYO)%2520(CIK%25200001845815). The Company's forward-looking statements are based on assumptions that the Company believes to be reasonable but that may not prove to be accurate. Other unpredictable or unknown factors not discussed in this communication could also have material adverse effects on forward-looking statements. The Company does not assume an obligation to update any forward-looking statements, except as required by applicable law. These forward-looking statements speak only as of the date hereof. Additional Information and Where to Find It In connection with the Transaction, the Company will file with the SEC a proxy statement on Schedule 14A. The definitive proxy statement will be sent to the stockholders of the Company seeking their approval of the Transaction and other related matters. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT ON SCHEDULE 14A WHEN IT BECOMES AVAILABLE, AS WELL AS ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTION OR INCORPORATED BY REFERENCE INTO THE PROXY STATEMENT, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION REGARDING THE COMPANY, THE TRANSACTION AND RELATED MATTERS. Investors and security holders may obtain free copies of these documents, including the proxy statement, and other documents filed with the SEC by the Company through the website maintained by the SEC at https://www.sec.gov/edgar/browse/?CIK=1845815&owner=exclude. Copies of documents filed with the SEC by the Company will be made available free of charge by accessing the Company's website at https://investor.payoneer.com/financials/sec-filings. Participants in the Solicitation The Company, Nuvei and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of the Company in connection with the Transaction under the rules of the SEC. Information about the interests of the directors and executive officers of the Company and other persons who may be deemed to be participants in the solicitation of stockholders of the Company in connection with the Transaction and a description of their direct and indirect interests, by security holdings or otherwise, will be included in the proxy statement related to the Transaction, which will be filed with the SEC. Information about the directors and executive officers of the Company and their ownership of the Company common stock is also set forth in the Company's definitive proxy statement in connection with its 2026 Annual Meeting of Stockholders, as filed with the SEC on April 27, 2026 (and which is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/0001845815/000110465926049462/tm261500-1_def14a.htm and in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (and which is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/0001845815/000110465926020487/payo-20251231x10k.htm). Information about the directors and executive officers of the Company, their ownership of the Company common stock, and the Company's transactions with related persons is set forth in the sections entitled "Directors, Executive Officers and Corporate Governance," "Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters," and "Certain Relationships and Related Transactions, and Director Independence" included in the Company's annual report on Form 10-K for the fiscal year ended December 31, 2025, which was filed with the SEC on February 26, 2026 (and which is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/0001845815/000110465926020487/payo-20251231x10k.htm), and in the sections entitled "Information Regarding the Board of Directors and Corporate Governance," "Security Ownership of Certain Beneficial Owners and Management," "Certain Relationships and Related Party Transactions," and "Independence of the Board of Directors" included in the Company's definitive proxy statement in connection with its 2026 Annual Meeting of Stockholders, as filed with the SEC on April 27, 2026 (and which is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/0001845815/000110465926049462/tm261500-1_def14a.htm. Additional information regarding the interests of such participants in the solicitation of proxies in respect of the Transaction will be included in the proxy statement and other relevant materials to be filed with the SEC when they become available. These documents can be obtained free of charge from the SEC's website at www.sec.gov. No Offer or Solicitation This press release is not intended to and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities or the solicitation of any vote of approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Contacts: Investor Contact:Michelle [email protected] Media Contact:Angela [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/payoneer-to-report-second-quarter-2026-results-on-august-6-2026-302832709.html

Earlier this month, Payoneer Global Inc. reported first-quarter results with revenue rising 6.1% year on year, ahead of analyst expectations, and earnings and EBITDA also surpassing forecasts, underscoring solid execution in its cross-border payments business. This performance, coupled with Payoneer’s role powering global digital commerce infrastructure, highlights how its scale and diversified customer base can influence its longer-term earnings profile and business resilience. We’ll now explore how Payoneer’s stronger-than-expected first-quarter performance may affect the existing investment narrative around its cross-border payments strategy. The latest GPUs need a type of rare earth metal called Neodymium and there are only 27 companies in the world exploring or producing it. Find the list for free. To own Payoneer, you need to believe its global payments infrastructure can keep attracting SMBs and marketplaces while managing margin pressure from regulation, competition, and new payment rails. The Upwork partnership extension reinforces the short term catalyst around deepening marketplace relationships, but it also puts a spotlight on the key risk that rapid adoption of stablecoin and blockchain alternatives could eventually squeeze Payoneer’s take rates and fee economics if it fails to offer differentiated value. The renewed Upwork agreement, including work on stablecoin-enabled payouts, is particularly relevant because it directly intersects with both the catalyst of expanding value-added services and the risk that new digital currencies could bypass traditional intermediaries. By testing stablecoin payouts with a long standing marketplace partner, Payoneer is positioning its cross-border payments strategy within the very technology that some investors worry could undercut its business model. Yet against this progress, the risk that faster, lower cost alternatives could compress Payoneer’s margins is something investors should be aware of if... Read the full narrative on Payoneer Global (it's free!) Payoneer Global's narrative projects $1.4 billion revenue and $159.6 million earnings by 2029. This requires 9.7% yearly revenue growth and a $86.4 million earnings increase from $73.2 million today. Uncover how Payoneer Global's forecasts yield a $7.50 fair value, a 52% upside to its current price. Some of the lowest estimate analysts were already cautious, assuming about US$1.4 billion in 2029 revenue and US$172.9 million in earnings, and see regulatory and digital currency shifts as more threatening than the consensus. With the Upwork stablecoin work yet to be reflected in those models, you should recognize that opinions can differ widely and consider how your own view fits within these more pessimistic scenarios. Explore 4 other fair value estimates on Payoneer Global - why the stock might be worth just $5.43! Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts. A great starting point for your Payoneer Global research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision. Our free Payoneer Global research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Payoneer Global's overall financial health at a glance. Our daily scans reveal stocks with breakout potential. Don't miss this chance: The future of work is here. Discover the 35 top robotics and automation stocks leading the charge in AI-driven automation and industrial transformation. AI is about to change healthcare. These 34 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. We've uncovered the 10 dividend fortresses yielding 5%+ that don't just survive market storms, but thrive in them. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include PAYO. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Image source: The Motley Fool. Thursday, May 7, 2026 at 8:30 a.m. ET Chief Executive Officer — John Caplan Chief Financial Officer — Bea Ordonez Need a quote from a Motley Fool analyst? Email [email protected] John Caplan: Good morning, everyone, and thank you for joining us. In Q1, we delivered strong accelerating results across our major KPIs. Revenue ex interest accelerated and B2B volume growth more than doubled sequentially. We delivered another quarter of substantial core profitability expansion. Our results prove our team's dedication to our customers, our shareholders and our strategic transformation. I will walk you through what we are delivering and why we're confident our momentum will continue. Steve will then go through our financial results and our 2026 guidance. First, our powerful results to start 2026. Revenue ex interest accelerated with 11% growth year-over-year. We are confident in our ability to exit 2026 at a mid-teens growth rate. Total volume grew 16%, exceeding $22 billion. B2B volume was up 44%. Growth significantly accelerated, more than doubling from 21% in Q4 and ahead of our expectations. We drove our SMB take rate to 120 basis points as we capture more complex B2B flows. ARPU growth accelerated and ex interest, we delivered our seventh consecutive quarter of 20%-plus growth. Our upmarket strategy is gaining traction, and our customer portfolio is becoming more and more valuable. We hold $7.6 billion of customer funds on our platform, up 15% or over $1 billion year-over-year. We delivered adjusted EBITDA of $69 million, representing a 27% margin. As a result of our disciplined execution, adjusted EBITDA ex interest grew over 140% to $18 million, our highest result as a public company and demonstrating substantial operating leverage. We are on track to more than double core adjusted EBITDA to $90 million at the midpoint of our 2026 guidance. This isn't one metric moving in the right direction. It's broad-based and well-executed acceleration across our business. Global B2B payments is a multitrillion-dollar opportunity. Payoneer's core strengths uniquely position us to capture meaningful share in this massive market. We've built powerful infrastructure based on years of investment and innovation. We hold licenses in key jurisdictions, including the U.S., EU, U.K., China, Hong Kong, Australia, Japan and Singapore, with 3 more in progress in India, Israel and Canada. We maintain nearly 100 direct banking and payment relationships around the world. Our payment network spans 7,000 trade corridors. This didn't happen overnight. It took us more than a decade and significant investment to build. For context, getting a single payment services license in many major markets can take 18 to 24 months. Second, we now have the scale that creates real network effects. We processed over $22 billion in GMV in Q1 and over $90 billion over the last 12 months. That volume creates liquidity in currency corridors and lets us offer better pricing to customers while maintaining healthy unit economics. And as our volumes grow, particularly those in B2B, these efficiencies compound. Third, we're essential operating infrastructure for our customers' growth. Our customers use us as a multicurrency wallet for treasury management, accounts receivable management, working capital, accounts payable and workforce management. The majority of our usage now comes from customers using us from three or more products, and that number keeps growing. As we move upmarket and deepen our ability to serve our customers' needs, we see revenue per customer, multiproduct adoption, customer loyalty and funds on platform increase. This is what makes our business so powerful, a global financial operating account that is essential to the daily needs of our customers. The more they use, the more embedded in their business we become. Now I'd like to share what's driving our B2B growth because this is the engine for the next phase of our business. We drove 44% volume growth in our B2B business in Q1, more than doubling from 21% in Q4 and ahead of our ambitious expectations. Growth accelerated in every region, driven by strong acquisition and onboarding of high-quality upmarket SMB and SME customers over the past year. We also drove strong growth from customers choosing to load funds from their bank accounts on to Payoneer so they can use our AP capabilities. In particular, we delivered very strong growth in our China B2B business. China's SME B2B export sector represents a multitrillion-dollar opportunity and is a key strategic pillar of China's economy. We are intently focused on building a scaled compliant platform to serve these customers and capture this opportunity. We have real momentum. Beyond B2B, we are also driving momentum across regions and use cases. Our revenue from SMB selling on marketplaces continues to grow, driven by accelerating double-digit growth in APAC and EMEA. We have put in place initiatives to accelerate this growth. In Q1, our new marketplace volume acquired in China doubled year-over-year, and we are winning wallet share through product bundling and packages. We expect our initiatives to provide a strong foundation for us and support our mid-teens exit growth rate. We're taking a disciplined use case-driven approach to implementing agentic AI. I'm encouraged by the initial data and innovation we're seeing. For example, we're piloting agents and customer support to reduce the overall volume of ticket and accelerate customer resolution time. We are leveraging AI-driven insights and lead generation to drive customer growth. And driving widespread adoption of AI tools in our platform organization to accelerate product velocity. These programs are gaining speed and impact. We are also investing in stablecoin capabilities. These capabilities, we believe, will be important for the future of commerce and money movement for 3 to 5 years from now, not just for next quarter. We launched stablecoin wallet capabilities via Bridge and are live in the market with our initial cohort of customers, understanding demand, and we intend to scale up quickly. Payoneer has the regulatory maturity that many stablecoin native firms don't, which positions us well as the preferred partner for real-world adoption, particularly by larger businesses and leading global marketplaces. We believe our application to establish an uninsured national trust bank in the United States announced this February will further strengthen our position. Thousands of businesses have signed up for our waitlist since launch. 80% of them are net new customers to Payoneer, highlighting the TAM expansion potential of this new product. Additionally, a meaningful portion of our business is doing $600,000 or more in annualized commercial stablecoin activity, signaling significant workflows and real-world use cases. We serve businesses, and we will make it easier for them to do business in whatever currency or payment method that's appropriate for them. For example, an IT services customer in Europe that uses our platform to receive 6 figures of monthly volume is an early adopter of our stablecoin wallet. Their contractors are requesting payment in stablecoin, and this customer wanted to simplify fragmented operations with one trusted partner. Payoneer is doing just that for them. We had a strong Q1 and a strong start to 2026. Payoneer is profitable, scaled. We have broad-based momentum in a massive market. We have real defensible strategic assets, regulatory and payments infrastructure, scale, brand and distribution that are based on years of innovation and development and that compound over time. Our Q1 results demonstrate that our strategy is working. We're executing with focus and discipline as we continue to drive durable, profitable growth. With that, I'll turn it over to Bea to take you through the numbers and our outlook for the year. Bea Ordonez: Thank you, John, and thank you, everyone, for joining us. Payoneer delivered a strong quarter with accelerating growth in revenue, excluding interest income, powered by our B2B franchise and robust adjusted EBITDA performance, including a quarterly record for adjusted EBITDA, excluding interest income. Our upmarket strategy is delivering strong growth. We are unlocking operating leverage and improving the health and quality of our customer portfolio. Our increased full year 2026 guidance reflects our focused execution and our business momentum. Now turning to our first quarter results. We delivered revenue of $262 million, up 6% year-over-year. Revenue, excluding interest income reached $210 million, up 11% year-over-year and accelerating 200 basis points sequentially, driven primarily by increasing momentum in our B2B franchise, strong performance in checkout and our ongoing pricing and monetization initiatives. ARPU increased 17% in the quarter and excluding interest income, was up 22%. ARPU, excluding interest income, has now grown at or above 20% for 7 consecutive quarters, demonstrating the success of our upmarket strategy, our cross-sell efforts and our pricing and monetization initiatives as well as the increasing value of our financial stack. Total volume was up 16% year-over-year. SMB volume grew 11% year-over-year with volume from B2B SMBs up 44%, volume from SMBs that sell on marketplaces up 2% and checkout volume up 53%. B2B volume accelerated across all reported regions, but was especially strong in the China goods sector, both with existing and newly acquired customers. We also delivered strong B2B volume growth in EMEA, driven by robust growth among larger customers in Tier 1 markets as well as in APAC. We continue to drive strong momentum in our enterprise payouts business with volume up 28% year-over-year as we both increase penetration with existing clients and ramp newly acquired clients. Our Q1 take rate of 115 basis points decreased 10 basis points year-over-year from the impact of lower interest rates on our interest income. However, we continue to drive expansion in our SMB take rate, which increased 1 basis point year-over-year and 7 points sequentially due primarily to strong growth in our B2B and checkout franchises. Customer funds held by Payoneer increased 15% year-over-year to $7.6 billion, partially offsetting the impact of lower rates on our interest income revenue. We generated interest income of $52 million in the quarter. Customer funds have grown at a substantially faster rate than SMB volumes for the past 5 quarters. This demonstrates the trust and value customers place in our platform and the utility we provide via our multicurrency account, AR and AP capabilities and in the ability we provide for customers to choose when, how and in which countries and currencies to use their funds. As of March 31, we had hedges in place related to approximately $4 billion or 53% of customer funds through our portfolio of treasury securities and term deposits and through derivative instruments. Total operating expenses of $232 million increased 7%, primarily driven by increases in labor-related expenses, incentives and other spend designed to drive card adoption and usage and the effect of our EasyLink acquisition in China. Transaction costs of $35 million decreased 11% despite 11% growth in revenue, excluding interest income and represented 13.5% of revenue, down approximately 250 basis points year-over-year. Excluding interest income, transaction costs declined over 400 basis points to 16.8% of revenue due to the impact of our strategic relationships with Mastercard and Stripe as well as improved operational efficiency. Sales and marketing expense increased $3 million or 6% from increased spend on marketing initiatives, including incentives related to our card offering and higher labor-related costs. G&A expense increased $6 million or 20%, primarily due to higher labor-related costs and higher legal and consulting costs. R&D expense increased $6 million or 16%, primarily due to higher labor-related costs, while other operating expense decreased by $2 million or 4%, primarily due to lower labor-related costs and lower IT and communication costs. Adjusted EBITDA was $69 million, representing a 27% adjusted EBITDA margin in the quarter. We generated $18 million of adjusted EBITDA, excluding interest income, our highest ever quarterly performance. We are unlocking leverage in our business by optimizing our transaction cost economics and through disciplined expense management, even as we invest for the long term in our regulatory infrastructure, in stablecoin capabilities, in AI and in our product road map. We have a substantial long-term opportunity to unlock further core business profitability. Net income was $20 million compared to $21 million in the prior year period. Basic and diluted earnings per share were both $0.06 versus basic earnings of $0.06 and diluted earnings of $0.05 per share in the prior year period. We ended the quarter with cash and cash equivalents of $339 million. Use of cash is seasonally higher in the first quarter of each year, while we also saw higher CapEx related to our move to new office space in Israel and significantly accelerated the pace of our buybacks. During the quarter, we repurchased approximately $74 million worth of shares at a weighted average price of $5.16 and as of March 31, had approximately $117 million remaining on our current share repurchase authorization. Turning now to our 2026 guidance. We expect total revenue between $1.1 billion and $1.14 billion, an increase of $10 million at the midpoint relative to the guidance we issued in February. This includes interest income of $200 million and $900 million to $940 million of revenue, excluding interest income. We are increasing our expectations for interest income by $10 million to reflect robust growth in customer funds and updated expectations related to prevailing interest rates in the U.S. and Europe. We are also increasing our guidance for total adjusted EBITDA to between $285 million and $295 million. There are no changes to our guidance for revenue, excluding interest income, transaction costs, adjusted OpEx, which represent revenue less transaction costs and adjusted EBITDA or core adjusted EBITDA. We are confident in our ability to accelerate growth to exit the year at a mid-teens rate, unlock leverage and more than double core adjusted EBITDA to $90 million at the midpoint. We are evolving our business to capture a significant growth opportunity. Behind our strong results is a healthier, higher quality and more durable customer portfolio. We are capturing and growing our business with larger customers, improving our risk profile, unlocking robust operating leverage, making strategic investments, generating substantial cash flow and positioning the company to create long-term shareholder value. We are now happy to answer any questions you may have. Operator, please open the line. Operator: [Operator Instructions] Your first question comes from the line of Nate Svensson of Deutsche Bank. Your next question comes from the line of Aditya Buddhavarapu, Bank of America. Aditya Buddhavarapu: This is Aditya from Bank of America. Just on the full year guidance, could you just maybe just talk about how we should think about some of the underlying assumptions in terms of what you're seeing on macro, any sort of sentiment from customers? So if you could just walk us through that. And second, more specifically on the phasing of growth during the year, if you could provide any color across different segments and how you're thinking about that as well, that would be great. Bea Ordonez: Sure. Happy to do that. Thank you for the question. So look, overall, in terms of sort of the macro context, what we're seeing in Q1 is very consistent, I think, with what we're seeing more broadly with industry trends. We're seeing improving -- stable to improving marketplace trends, really outsized robust performance in our B2B business, where we grew volumes by more than 40%, improving performance in checkout, where the migration to our new Stripe solution is now complete and has gone much better than we anticipated. So really robust performance across all of the major drivers of volume into our ecosystem. So as we think of the assumptions that underpin our guidance for 2026, in our marketplace business, we're expecting broadly mid-single-digit volume growth. with revenue broadly in line with those volumes to maybe a little bit higher than that and acceleration to your question around the quarterly cadence, accelerating into that back half of the year as we lap the impact of tariffs. We're seeing really strong growth from our China cohort with some of the initiatives that we launched there last year, strong growth in APAC. So all supportive of that mid-single digits and accelerating in the back half of the year. In our B2B business, we now expect more than 30% year-over-year volume growth through the rest of the year. So really strong performance there. Revenue probably to come in the mid-20s, lower take rate from really the business mix there in China and EMEA. And in our Checkout business, there, again, as I noted, really strong performance in migrating that portfolio. We're seeing great customer adoption, including some of the underlying features there. So we're expecting flat to modest mid-single-digit growth in volume and continuing to scale from there on out. So all of that really against a macro environment that we view as stable through the rest of the year, broadly speaking, robust in terms of customer spending behavior, B2B behavior. So overall, low double-digit volume performance in the aggregate and revenue growing, let's call it, a shade faster than that and accelerating into the back half of the year with Q2, we'll say, broadly stable from a top line revenue growth versus Q1. Operator: Your next question comes from the line of Cristopher Kennedy of William Blair. Cristopher Kennedy: It's great to see the $18 million of ex float EBITDA. And B, you mentioned the opportunity to unlock core adjusted EBITDA even more than that. Can you just help frame kind of where you think the margins can go on the core business as the business mix changes? Bea Ordonez: Yes. Thanks for the question, Chris. Look, we're really, really pleased with our performance in Q1 because we're achieving it by really driving every sort of critical KPI, right? We're accelerating growth from a top line perspective, gives us conviction going into the back half of the year that we can exit that core revenue in the mid-teens as we called out in February. We're driving really nice margin expansion even as we mix shift into more complex business. So we're seeing really nice transaction profit margin dynamics within the business. We called that out coming into this year and really sort of improved performance versus last year. So that's dropping to the bottom line. And we're investing in our platform, investing in our stack, but still able to operate with discipline within the business and expect our OpEx overall, our adjusted OpEx to be up sort of mid-single digits. So 6% to 7% overall is what our guidance calls for. All of that is going to continue to unlock leverage in the business, unlock leverage in the core business. And as John said in his prepared remarks, as we continue to deploy AI in a very use case-specific manner within our platform team, within our operations teams and our risk functions, we expect to be able to unlock meaningful leverage going forward. So we're going to keep executing against that plan. We can expect the results to show up in the bottom line, and we're very happy with the trajectory that we're on. Cristopher Kennedy: Okay. And then John highlighted the opportunity in China. Can you just talk about the potential take rate in that market as the business kind of evolves into higher take rate products? Bea Ordonez: So from a B2B perspective, I think, is what you're getting at, Chris. So look, we saw really robust growth, as we called out in China or in B2B more broadly, 44% from a volume perspective, in excess of 20% from a revenue perspective. And we saw really strong growth in both China and EMEA with larger customers, right? We've talked before about our China B2B business. It's predominantly a goods business versus the rest of our B2B business being mostly service-oriented, a lower take rate overall versus the rest of our B2B business. But overall, as we grow that B2B business more quickly than the rest of the business, it is still take rate accretive, right? So even with China showing that robust growth, our take rate in the B2B business is, give or take, 1.5x what it is in the rest of the business. And is overall take rate accretive to the overall portfolio. So we're seeing really nice dynamics there. We've been looking to grow in that market in a measured way, as we've talked about before. We're adding capabilities. We have a strong brand in China, adding features to that product set, and we have every right to win in what is a massive market. Operator: Your next question comes from the line of Mike Grondahl of Northland Capital Markets. Unknown Analyst: This is Logan on for Mike. First, can you just provide some additional color on what exactly drove the 44% year-over-year growth in B2B volume and also remind us of the opportunity there? John Caplan: Thanks for the question. We are really excited about the momentum we have in B2B, and it is the engine of our growth going out into years ahead. And we're building on that strong momentum we saw in the fourth quarter, and we doubled the volume sequentially quarter-over-quarter. I think we highlighted in her previous answer, larger customers in China turning to Payoneer as the preferred partner for their global exports. And then around the globe, services businesses, larger services customers as we move the firm up market, choosing Payoneer as the multicurrency wallet for their cross-border operations as we focus on the key geographies and markets and incorporation hubs around the globe. We are really pleased with the progress. And I think the key here for us is that we've really migrated to the full financial stack of offerings for multinational cross-border SMB firms, and they're adopting three or more of our products. They're loading more funds onto our platform as demonstrated in our overall balance growth at 15%. We're seeing very strong usage of our AP products. Our workforce management business continues to exceed our expectations and be very strong as we help global firms hire contractors and employees around the globe. Given the trends we see, and as Be mentioned, we expect B2B volume growth for the rest of the year of at least 30% which is a meaningful increase from our expectations heading into the year. And we are -- I think of our SMB business overall, B2B is now 1/3 of the total volume, and this is a very exciting dynamic for us. It's a $10 trillion opportunity, as you know. And I think we have slightly less than 1% share, and we are health end on getting our fair portion of it. Unknown Analyst: Appreciate that color. And then one more from us. Can you just walk us through what markets over performed and underperformed in 1Q and if those trends continue so far in the second quarter? John Caplan: Yes. For B2B, every market sort of blistering results. China is strong, APAC is strong, EMEA is strong. Really pleased at the progress we're seeing there in Latin America, really solid growth of moving upmarket overall. LatAm is 10% of our revenue, small portion of the overall business, but a very important franchise for us. And we're doing better than we had anticipated in China, and we intend to continue to do so. Operator: [Operator Instructions] Your next question comes from the line of Nate Svensson of Deutsche Bank. Christopher Svensson: Apologies about the technical difficulties earlier. I appreciate you let me hop back in here. I wanted to ask a couple of questions just around the back half acceleration. Your answer to one of the earlier questions was very helpful, but just trying to double-click in a couple of areas. So the first one is the dynamics in checkout. Numbers were very good. I think you called out that the migration to Stripe went a lot better than expected. So I was just hoping you could provide a little more color and commentary on what exactly went better than expected. If I recall correctly, I think maybe there had been some intention maybe to not migrate a portion of the customers. So I'm wondering how things played out versus your expectation. And now that the migration sounds like it is complete, any color on sort of underlying performance within that business and kind of how you expect that to play out going forward? Bea Ordonez: Yes. Thanks for the question, Nate. So look, in terms of the acceleration more broadly, we feel really good about the -- again, the KPIs and how they're performing in our business. So what supports our view on that, the significant acceleration we're seeing in our B2B business, as John said, more than double in Q1 versus what we saw in Q4, continued momentum into April. We feel really good about that 30% plus volume number going into the back half of the year. The marketplace business, as we said, we're seeing stable to improving trends. We launched a bunch of initiatives to really sort of push and accelerate and inflect that business. And as you called out, and I'll mention this maybe very quickly before I get to checkout, the enterprise business has also outperformed expectations, and we're seeing really nice acceleration in that business as well. We won some nice new partners last year. Those are continuing to ramp. We won more business from some of our larger marquee partners. Those are continuing to ramp. So we feel really good about that. In terms of checkout, as you know, we talked sort of late last year around the shift of the product to the Stripe solution, and we anticipated doing a migration in the early part of this year. And as part of that, look, we haven't done that kind of migration before. complex from an operational perspective. We expected some amount of churn in the book, right, some amount of attrition. Some we were intentional about, and we've seen that, that we weren't going to plan to fully migrate. But some we just anticipated some amount of churn. In the end, we performed much better than that. We were able to transition more than 90% of the portfolio. We were able to do it more quickly than I think we anticipated. So we have a really solid foundation going into the rest of the year on a solution that really works for our customers, right? So it's a massive market. It's a great sort of cross-sell into e-com and other sellers who are really looking to expand their distribution. And we're on a platform now that has best-in-class features, right? So we're seeing or better uptake, if you like, of some of those features within Stripe. I saw just today from the team, the adoption of BNPL features within the checkout solution, significantly higher than we used to see. So we feel great about the trajectory there. We always did. We've just expected a little bit of a bump in the road in '26. We've actually performed better and feel really good about the overall opportunity. John Caplan: I'd just add one thing about -- to the context of B's remarks. It proves the thesis of Payoneer, a multicurrency account where you receive all of your global accounts receivable, selling on a marketplace like Amazon or Walmart, selling B2B globally or selling direct to consumers and acquiring customers directly the volumes into your Payoneer account and leveraging our broad accounts payable capabilities to manage with cards, your travel spend or your ad spend, with our sourcing capabilities, managing your raw material sourcing, it really proves the value prop for our customers and that they want a single trusted partner for all of their international accounts receivable and accounts payable. That is what the financial stack is all about, and it's coming true. And the checkout team, I think, did a great job delivering the transition, and we're seeing the uptick, as Steve mentioned. Christopher Svensson: Yes. Super helpful and detailed answer. Just I guess for the follow-up on, again, the back half acceleration. So B, I think earlier, you talked about easier comps with the tariff dynamics last year. Just asked about the checkout migration to Stripe. I think the two other factors that I recall are the timing of some pricing initiatives and then those enterprise wins that you were talking about. So maybe on those last two things. Jeff, on pricing, generally speaking, right, can you just talk through some of like the timing dynamics? So for example, if you had implemented pricing increases in 1Q, how long does it take for that to kind of flow through to the business? And is that part of why we're seeing or expecting some of the acceleration in the back half? And then the question on enterprise specifically, again, it was great to hear some of the ramp from the recent wins. Are those recent wins in general kind of fully ramped? Or I guess the question is there still more room to continue growing with logos you've already won like leaving aside any potential future wins? So yes, those are the 2 questions, pricing, enterprise. Bea Ordonez: Yes, happy to take that. Look, pricing has been a good lever for us, right? And we've talked about it as part of our ongoing strategy to really better align our products, our pricing from a sort of bundling and share of wallet sort of gain perspective into how we think about acquiring and serving our customers. In terms of the ramp, look, it's a factor, but I wouldn't over-index on it, right? Like the other things we've talked about are much more important to that, that there is some pricing uplift that comes in the back half of the year. We're very confident we can deliver it. It's mostly long tail or nonstrategic routes, and that's sort of the kind of pricing moves that we're likely to be making now. Sort of in terms of pure-play pricing moves, we're really impacting sort of the non-true ICPs like the long tail of our portfolio, if you like, and nonstrategic routes. So we feel very confident that we can roll them out as scheduled and we can model the impact relatively easily. But I wouldn't over-index on that. Much more important is really the performance and the momentum we're seeing across the rest of the business in driving that uplift. Specifically to the enterprise business, not all fully ramped as of yet. We expect to see continued momentum. We -- as I say, we won additional sort of share of business from some of our marquee clients in that space, and we're ramping up those routes and can continue to see, I think, strong momentum there. And we added a number of nice wins overall that we think can continue to drive volume. Operator: That ends our Q&A session, and we appreciate your participation. I will turn the call back over to John Caplan, CEO, for the closing remarks. Please go ahead. John Caplan: Thank you, everybody, for your questions and your participation this morning. Our Q1 results demonstrate that our strategy and execution are working, and we're capturing the many opportunities in front of us. We look forward to speaking with you again in August. Thanks, everyone. Operator: Ladies and gentlemen, that concludes today's call. Thank you all for joining. You may now disconnect. Before you buy stock in Payoneer Global, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Payoneer Global wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. 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As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Payoneer (PAYO) Q1 2026 Earnings Transcript was originally published by The Motley Fool

Interested in Payoneer Global Inc.? Here are five stocks we like better. Payoneer reported revenue excluding interest up 11% YoY to $210M and total volume rose 16% to over $22B, driven by a 44% jump in B2B volumes (now ~1/3 of SMB volume); ARPU climbed 17% and customer funds grew 15% to $7.6B. Profitability expanded with adjusted EBITDA of $69M (27% margin) and adjusted EBITDA excluding interest income up >140% to $18M; the company repurchased about $74M of shares and raised full-year guidance at the midpoint for revenue and adjusted EBITDA. Management is investing in products and regulatory positioning — piloting agentic AI, launching stablecoin wallet capabilities, and applying to form an uninsured U.S. trust bank that has thousands on a waitlist (80% net-new). 3 Top Stocks Crushing Q3 Earnings With Strong 2024 Guidance Payoneer Global (NASDAQ:PAYO) reported what management described as a strong start to 2026, highlighted by accelerating revenue growth excluding interest income, a sharp increase in B2B volumes, and expanding profitability. On the company’s first-quarter 2026 earnings call, CEO John Caplan and CFO Bea Ordonez pointed to broad-based momentum across the business, while emphasizing continued investment in product capabilities, including agentic AI and stablecoin features. Caplan said Payoneer delivered “strong accelerating results across our major KPIs,” with revenue excluding interest income up 11% year over year. Total revenue rose 6% to $262 million, according to Ordonez, while revenue excluding interest income reached $210 million. → Insider Sales: Top AST SpaceMobile Insider Cuts Postion Over 30% These 7 Stocks Surged Double-Digits and Have Double-Digits to Go Total volume increased 16% year over year to more than $22 billion. A key driver was B2B volume, which climbed 44% and “more than doubl[ed] from 21% in Q4,” Caplan said. Ordonez added that B2B volume accelerated across all reported regions and was “especially strong in the China goods sector,” with strength also in EMEA and APAC. Within Payoneer’s SMB segment, Ordonez said: SMB volume grew 11% year over year. B2B SMB volume grew 44%. Marketplace SMB volume increased 2%. Checkout volume rose 53%. → Light Speed Returns: Corning Cashes In on NVIDIA Growth Payoneer also highlighted continued gains in average revenue per user (ARPU). Ordonez said ARPU increased 17% in the quarter, and ARPU excluding interest income rose 22%, marking the seventh consecutive quarter of 20% or higher growth on that metric. She attributed the trend to the company’s upmarket strategy, cross-sell efforts, and pricing and monetization initiatives. Caplan said the company is increasingly serving customers as a multi-currency wallet supporting treasury management, accounts receivable, working capital, accounts payable, and workforce management. He noted that “the majority of our usage now comes from customers using us for three or more products,” and said funds held on the platform grew alongside deeper product adoption. → Years in the Making, AMD’s Upside Movement Has Just Begun Customer funds held by Payoneer increased 15% year over year to $7.6 billion. Ordonez said growth in customer funds partially offset pressure from lower interest rates on interest income, which totaled $52 million in the quarter. She added that customer funds have grown faster than SMB volumes for the past five quarters, which she said “demonstrates the trust and value customers place in our platform.” Payoneer posted adjusted EBITDA of $69 million, representing a 27% margin. Caplan highlighted “substantial core profitability expansion,” and said adjusted EBITDA excluding interest income rose more than 140% to $18 million, which he called the company’s highest result as a public company. Ordonez also described the $18 million figure as the company’s “highest-ever quarterly performance” for adjusted EBITDA excluding interest income. Net income was $20 million compared with $21 million in the prior-year period. Basic and diluted earnings per share were both $0.06, versus basic EPS of $0.06 and diluted EPS of $0.05 a year earlier. On costs, Ordonez said operating expenses rose 7% to $232 million, driven primarily by higher labor-related expenses, incentives and spending tied to card adoption, and the impact of the Easylink acquisition in China. Transaction costs fell 11% to $35 million and represented 13.5% of revenue, down about 250 basis points year over year. Excluding interest income, transaction costs declined more than 400 basis points to 16.8% of revenue, which Ordonez attributed to strategic relationships with Mastercard and Stripe and improved operational efficiency. Payoneer ended the quarter with $339 million in cash and cash equivalents. Ordonez said cash use is seasonally higher in the first quarter and also reflected higher capital expenditures from a move to new office space in Israel, as well as an increased pace of buybacks. During the quarter, Payoneer repurchased about $74 million of shares at a weighted average price of $5.16, leaving roughly $117 million remaining under its current authorization as of March 31. Ordonez said Payoneer raised full-year 2026 guidance at the midpoint for revenue and adjusted EBITDA. The company now expects: Total revenue of $1.1 billion to $1.14 billion. Interest income of $200 million. Revenue excluding interest income of $900 million to $940 million (unchanged). Adjusted EBITDA of $285 million to $295 million. Ordonez said the interest income outlook increased by $10 million due to “robust growth in customer funds” and updated expectations for prevailing interest rates in the U.S. and Europe. She noted there were “no changes” to guidance for revenue excluding interest income, transaction costs, adjusted operating expenses, or core adjusted EBITDA. In response to questions about the macro environment and growth cadence, Ordonez said the company views conditions as “stable through the rest of the year,” adding that Q2 top-line revenue growth is expected to be “broadly stable” versus Q1, while acceleration is expected into the back half of the year. She attributed some of the back-half improvement in the marketplace business to lapping tariff impacts, and said Payoneer expects mid-single-digit marketplace volume growth for the year, accelerating in the second half. For B2B, Ordonez said Payoneer expects “more than 30% year-over-year volume growth through the rest of the year,” with revenue “probably” in the mid-20% range, citing mix effects in China and EMEA. Caplan added that B2B is “now a third of the total volume” in the SMB business and called B2B “the engine of our growth going out.” Caplan said Payoneer is taking a “disciplined use case-driven approach” to deploying agentic AI, including pilots in customer support aimed at reducing ticket volume and improving resolution time, AI-driven lead generation, and broader adoption of AI tools to increase product velocity. He also said the company is investing in stablecoin capabilities for the longer term and has launched stablecoin wallet capabilities via Bridge, with an initial cohort of customers already live. Caplan said Payoneer’s regulatory maturity positions it as a potential partner for “real-world adoption,” particularly among larger businesses and global marketplaces. Caplan further pointed to Payoneer’s February announcement that it applied to establish an uninsured national trust bank in the U.S. He said “thousands of businesses” have joined the waitlist and that 80% are net new customers. He also noted that a “meaningful portion” of waitlist businesses are doing $600,000 or more in annualized commercial stablecoin activity. During the Q&A, Ordonez discussed Payoneer’s checkout business after the company completed a migration to a Stripe solution. She said the company expected some churn from the transition but ultimately “performed much better than that,” migrating more than 90% of the portfolio more quickly than anticipated. She added that Payoneer is seeing improved adoption of features, including “significantly higher” adoption of buy now, pay later functionality than before. Closing the call, Caplan said the first-quarter results demonstrate that Payoneer’s “strategy and execution are working,” and that the company looks forward to providing another update in August. Payoneer Global (NASDAQ: PAYO) operates a digital payments platform that enables businesses, marketplaces and professionals to send and receive cross-border payments. The company's core offerings include multi-currency receiving accounts, mass payout services and working capital solutions. Through its platform, Payoneer facilitates global transactions by connecting payors and payees across a network of local bank transfers, card payouts and digital wallets, supporting the seamless movement of funds in over 150 currencies. Founded in 2005, Payoneer has grown from a small fintech venture into a widely adopted payments infrastructure provider that serves clients in more than 200 countries and territories. The article "Payoneer Global Q1 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for May 2026.

Payoneer Global Inc. (PAYO) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +51.13%. A quarter ago, it was expected that this company would post earnings of $0.06 per share when it actually produced earnings of $0.05, delivering a surprise of -16.67%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Payoneer Global, which belongs to the Zacks Financial Transaction Services industry, posted revenues of $261.6 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 3.08%. This compares to year-ago revenues of $246.62 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Payoneer Global shares have lost about 13.5% since the beginning of the year versus the S&P 500's gain of 7.6%. While Payoneer Global has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Payoneer Global was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.05 on $266 million in revenues for the coming quarter and $0.26 on $1.11 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial Transaction Services is currently in the top 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Freightos Limited (CRGO), is yet to report results for the quarter ended March 2026. This company is expected to post quarterly loss of $0.09 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Freightos Limited's revenues are expected to be $7.47 million, up 7.5% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Payoneer Global Inc. (PAYO) : Free Stock Analysis Report Freightos Limited (CRGO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

11% increase in revenue ex. interest and strong profitability 44% B2B volume growth reflects acceleration across every major region Increases 2026 guidance NEW YORK, May 7, 2026 /PRNewswire/ -- Payoneer Global Inc. ("Payoneer" or the "Company") (NASDAQ: PAYO), the global financial technology company powering business growth across borders, today reported financial results for its first quarter ended March 31, 2026. First Quarter 2026 Financial Highlights "In Q1 we delivered acceleration across major KPIs: revenue growth ex. interest accelerated to 11%, B2B volume growth more than doubled to 44%, and we delivered another quarter of significant core profitability expansion. We are driving broad-based momentum across our business, supported by differentiated assets that compound as we scale. We have infrastructure built on years of investment and innovation, network effects that strengthen as volumes grow, and platform depth that allows us to meet the needs of how our customers operate globally. We're a profitable, scaled platform in a multi-trillion-dollar B2B market that's still in the early innings of digitization, and our strong Q1 results demonstrate we're capturing share. We are executing consistently, moving fast where we see opportunities, and building a business that's not just larger, but structurally more valuable, with deeper strategic advantages and stronger customer relationships." John Caplan, Chief Executive Officer First Quarter 2026 Business Highlights (unless otherwise noted) Revenue excluding interest income grew 11% year-over-year, driven by 16% volume growth led by a significant acceleration in B2B. SMB customer revenue of $189 million grew 12% year-over-year, reflecting: SMBs that sell on marketplaces revenue of $115 million, up 4% year-over-year. B2B SMBs revenue of $64 million, up 23% year-over-year. Checkout revenue of $10 million, up 46% year-over-year. B2B volume growth accelerated significantly to 44% year-over-year driven by strong growth in China, EMEA and APAC. Strong enterprise payouts momentum continued with 28% year-over-year volume growth. 17% growth in ARPU, and 22% growth in ARPU excluding interest income, the seventh consecutive quarter of 20%+ growth in ARPU excluding interest income. 1bp of SMB customer take rate expansion driven by mix shift towards higher yield products and services and the impact of our fee and monetization initiatives. $7.6 billion of customer funds (including both short-term and long-term funds) as of March 31, 2026. Customer funds growth of 15% year-over-year partially offset the impact of lower interest rates on year-over-year interest income. Significant year-over-year increase in share repurchases, with $74 million in the first quarter at a weighted average price of $5.16, vs $17 million in Q1 2025. Announced a strategic collaboration with FundPark, a fintech that provides financing solutions that help e-commerce businesses in Hong Kong accelerate their global business expansion. 2026 Outlook "We begin 2026 with strong momentum. Revenue ex. interest is accelerating, robust growth in our B2B franchise is driving SMB take rate expansion, execution against our upmarket strategy is gaining traction and contributed to a seventh consecutive quarter of 20%+ growth in ARPU ex. interest, and core business profitability increased substantially. We're unlocking significant operating leverage while making meaningful investments, including in stablecoin and agentic AI, that we believe will support our durable, profitable growth. We are increasing our full year 2026 guidance, reflecting $900-$940 million in revenue ex. interest and $200 million in interest income. We expect adjusted EBITDA1 of $285-$295 million. Our business fundamentals are strong, our strategic initiatives are working, and we're well-positioned to capitalize on the significant opportunity ahead of us." Bea Ordonez, Chief Financial Officer 2026 guidance is as follows: Webcast Payoneer will host a live webcast of its earnings on a conference call with the investment community beginning at 8:30 a.m. ET today, May 7, 2026. To access the webcast, go to the investor relations section of the Company's website at https://investor.payoneer.com. A replay will be available on the investor relations website following the call. About Payoneer Payoneer is the financial platform for cross-border business and global payments. Payoneer empowers millions of businesses with the financial tools and services they need to grow and transact globally with confidence. We make it easier for SMBs, particularly in emerging markets, to connect to the global economy, pay and get paid across borders, manage their funds across multiple currencies, and grow their businesses. Forward-Looking Statements This press release includes, and oral statements made from time to time by representatives of Payoneer, may be considered "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or Payoneer's future financial or operating performance. For example, projections of future revenue, transaction costs and adjusted EBITDA are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expect," "intend," "plan," "will," "estimate," "anticipate," "believe," "predict," "potential" or "continue," or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Payoneer and its management, as the case may be, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) changes in applicable laws or regulations; (2) the possibility that Payoneer may be adversely affected by geopolitical events and conflicts, such as Israel's and the United States' conflicts in the Middle East, and other economic, business and/or competitive factors, such as changes in global trade policies (including the imposition of tariffs); (3) changes in the assumptions underlying our financial estimates; (4) the outcome of any known and/or unknown legal or regulatory proceedings; and (5) other risks and uncertainties set forth in Payoneer's Annual Report on Form 10-K for the period ended December 31, 2025 and future reports that Payoneer may file with the SEC from time to time. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Payoneer does not undertake any duty to update these forward-looking statements. Financial Information; Non-GAAP Financial Measures Some of the financial information and data contained in this press release, such as adjusted EBITDA, have not been prepared in accordance with United States generally accepted accounting principles ("GAAP"). Payoneer uses certain non-GAAP measures to compare Payoneer's performance to that of prior periods for budgeting and planning purposes. Payoneer believes these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to Payoneer's results of operations. Payoneer's method of determining these non-GAAP measures may be different from other companies' methods and, therefore, may not be comparable to those used by other companies and Payoneer does not recommend the sole use of these non-GAAP measures to assess its financial performance. Payoneer management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitation of these non-GAAP financial measures is that they exclude significant expenses and income that are required by GAAP to be recorded in Payoneer's financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by management about which expense and income are excluded or included in determining these non-GAAP financial measures. In order to compensate for these limitations, management presents non-GAAP financial measures in connection with GAAP results. You should review Payoneer's financial statements, which are included in Payoneer's Annual Report on Form 10-K for the year ended December 31, 2025 and its subsequent Quarterly Reports on Form 10-Q, and not rely on any single financial measure to evaluate Payoneer's business. Non-GAAP measures include the following items: Adjusted EBITDA: We provide adjusted EBITDA, a non-GAAP financial measure that represents our net income (loss) adjusted to exclude, as applicable: M&A related expense (income), stock-based compensation expenses, restructuring charges, loss (gain) from change in fair value of warrants and warrant repurchase/redemption, other financial expense (income), net, income taxes, and depreciation and amortization. Adjusted EBITDA ex. Interest: represents Adjusted EBITDA excluding interest income. Other companies may calculate the above measure differently, and therefore Payoneer's measures may not be directly comparable to similarly titled measures of other companies. Additional Information and Definitions In this earnings release, we reference volume, which is an operational metric. Volume refers to the total dollar value of transactions successfully completed or enabled by our platform, not including orchestration transactions. For a customer that both receives and later sends payments, we count the volume only once. Note: orchestration transactions ceased in 2024 and were related to our 2020 acquisition of optile GmbH. We also reference ARPU (Average Revenue Per User), which is defined as the Revenue from Active Customers divided by the number of Active Customers over the period in which the Revenue was earned. Active Customers for these purposes are defined as Payoneer accountholders with at least 1 financial transaction over the period. Revenue from Active Customers represents revenue attributed to Active Customers based on their use of the Payoneer platform, including interest income earned from their balances, and excluding revenues unrelated to their activities. Investor Contact: Michelle Wang [email protected] Media Contact: Angela Sullivan [email protected] Disaggregation of revenue The following table presents revenue recognized from contracts with customers as well as revenue from other sources: The following table presents the Company's revenue disaggregated by primary regional market, with revenues being attributed to the country (in the region) in which the billing address of the transacting customer is located, with the exception of global bank transfer revenues, where revenues are disaggregated based on the billing address of the transaction funds source. View original content to download multimedia:https://www.prnewswire.com/news-releases/payoneer-reports-first-quarter-2026-financial-results-302764826.html

The market expects Payoneer Global Inc. (PAYO) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on May 7, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This company is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents a year-over-year change of -20%. Revenues are expected to be $253.78 million, up 2.9% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 2.08% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Payoneer Global, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -52.73%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination makes it difficult to conclusively predict that Payoneer Global will beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Payoneer Global would post earnings of $0.06 per share when it actually produced earnings of $0.05, delivering a surprise of -16.67%. The company has not been able to beat consensus EPS estimates in any of the last four quarters. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Payoneer Global doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Another stock from the Zacks Financial Transaction Services industry, Global Payments (GPN), is soon expected to post earnings of $2.82 per share for the quarter ended March 2026. This estimate indicates no change from the year-ago quarter. Revenues for the quarter are expected to be $2.82 billion, up 28% from the year-ago quarter. Over the last 30 days, the consensus EPS estimate for Global Payments has been revised 0.6% down to the current level. Nevertheless, the company now has an Earnings ESP of -2.39%, reflecting a lower Most Accurate Estimate. This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that Global Payments will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Payoneer Global Inc. (PAYO) : Free Stock Analysis Report Global Payments Inc. (GPN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research