PAYONasdaqServices-Business Services, NECFiscal year ends December 31
Payoneer Global Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$7.12+0.00 (0.00%)
Close on Oct 19, 2026
- Market cap
- $2.40B
- P/E (TTM)
- 47.5
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Operating margin
11.8%+16.8 pts over 5 years
Net margin
7.0%+13.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +7.7% | +18.8% | +25.0% | – | |
| Operating income | -16.3% | – | – | – | |
| Net income | -39.6% | – | – | – | |
| EPS, diluted | -38.7% | – | – | – | |
| Free cash flow | +22.4% | +41.2% | +114.7% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -250.8% | 10.2% | |
| Return on assets | – | – | 0.9% | |
| Current ratio | – | 1.04 | 1.00 | |
| Debt to equity | – | 1.65 | – | |
| Net debt to EBITDA | – | 16866.32× | – | |
| Capex to revenue | – | 1.4% | 2.6% | |
| Diluted shares | – | 47M | 377M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Payoneer Global generated $673.88M from operations and spent $427.47M on capital expenditure, dividends and share buybacks. 14% of that went back into the business.
Generated
$673.88M
Used
$427.47M
Capital expenditure$60.92M14%Dividends$00%Share buybacks$366.55M86%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin7.0%
×Asset turnover0.12×
×Equity multiplier11.82×
=Return on equity, FY202510.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 7.0% | 0.12× | 11.82× | 10.2% |
| FY2024 | 12.4% | 0.13× | 10.95× | 17.4% |
| FY2023 | 11.2% | 0.12× | 11.47× | 15.4% |
| FY2022 | -1.9% | 0.11× | 11.31× | -2.3% |
| FY2021 | -7.2% | 0.11× | 17.11× | -13.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$73.19M
- Cash generatingOperating cash flow above zero$233.49M
- Return on assets improvedROA up on the prior year1.7% → 0.9%
- Earnings backed by cashOperating cash flow above net income$233.49M vs $73.19M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.00 → 1.00
- No dilutionShare count did not rise386M → 377M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.13 → 0.13