Earnings Releases·Nov 5, 2026, 7:35 AM ET

Payoneer — Third Quarter 2026 Earnings Summary

Total revenue rose 2% year-over-year to $276.9 million, while net income increased 6% to $14.9 million; however, adjusted EBITDA declined 4% to $68.3 million, and diluted earnings per share remained flat at $0.04.
Transaction volume grew 13% year-over-year to $25.3 billion, driven by a 59% surge in B2B volume and a 48% increase in Checkout volume, with Average Revenue Per User (ARPU) excluding interest income rising over 20% for the ninth consecutive quarter.
Shareholder approval was secured for the Nuvei merger on September 14, 2026, with management targeting a mid-2027 close pending regulatory approvals.
The company repurchased $92.5 million of common stock over the first nine months of 2026, while cash and cash equivalents decreased to $362.6 million from $415.5 million at year-end 2025.
Strategic expansion included obtaining new payment licenses in Canada and Israel, while transaction costs as a percentage of revenue improved by 70 basis points to 15.0%.