# Payoneer Global Inc. (PAYO)

> Source: Nexqual · https://nexqual.com/PAYO · data as of 2026-10-29 20:00 UTC · cite as "Nexqual, Payoneer Global Inc. (PAYO), nexqual.com/PAYO" · informational, not investment advice.

**Price:** USD 7.12 (+0.00% on the day) · last close of Oct 29, 2026; US market closed, not a live price. Prev close 7.12 · day 7.12–7.14 · 52w 4.08–7.19 · market cap $2.41B · NGM

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $1.08B, net income $50.3M (4.6% margin), free cash flow $181M (SEC filings).
- Valuation: P/E 48.0x (avg 27.6x at the last 3 fiscal year-ends).
- Analysts: Hold (mean 2.75 on a 1–5 scale) (8 analysts), mean target USD 7.4 (range 7.4–7.4).
- Total return with dividends: 1Y +23.8% vs S&P 500 +14.8%; 5Y -5.7% vs S&P 500 +79.1%.
- Next earnings: 2026-11-05, EPS estimate USD 0.08, revenue estimate $285M. All companies reporting that day: https://nexqual.com/earnings/2026-11-05
- Dividend: PAYO paid no cash dividend in the last five years.
- Short interest: 5.48% of float (as of 2026-10-15), 5.6 days to cover.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $473M | $628M | $831M | $978M | $1.05B | $1.08B |
| Operating income | -$30.2M | -$22.2M | $104M | $149M | $125M | $112M |
| Net income | -$34.0M | -$12.0M | $93.3M | $121M | $73.2M | $50.3M |
| EPS (diluted) | -$0.33 | -$0.03 | $0.24 | $0.31 | $0.19 | — |
| Free cash flow | $13.1M | $73.5M | $151M | $169M | $207M | $181M |
| Operating margin | -6.4% | -3.5% | 12.5% | 15.2% | 11.8% | 10.4% |
| Net margin | -7.2% | -1.9% | 11.2% | 12.4% | 7.0% | 4.6% |
| Revenue growth | +37.0% | +32.6% | +32.4% | +17.6% | +7.7% | — |
| Cash + short-term investments | $466M | $543M | $617M | $497M | $416M | — |
| Total debt | $13.7M | $16.1M | $18.4M | — | — | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 48.0x · P/S 2.2x · P/FCF 13.3x · P/B 3.7x · FCF yield 7.52% · Earnings yield 2.08% · Buyback yield (TTM) 8.97%
P/E at fiscal year-ends: Dec 2025 28.9x, Dec 2024 32.0x, Dec 2023 21.9x.

## Analysts
Consensus Hold (mean 2.75 on a 1–5 scale), 8 analysts; mean target USD 7.4 (low 7.4, high 7.4).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-30) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +23.8% | -5.7% |
| S&P 500 (SPY) | +14.8% | +79.1% |
| Per year | +24.0% | -1.2% |
| Volatility (annualized) | 45.8% | 50.8% |
| Max drawdown | -33.6% (Jan 2026→Feb 2026) | -60.5% (Dec 2024→Feb 2026) |

## Dividends
PAYO paid no cash dividend in the last five years.

## Short interest
14,091,107 shares sold short, 5.48% of the float, as of Oct 15, 2026 (exchange short-interest report, published about twice a month). Prior report (Sep 15, 2026): 13,806,332 shares (+2.1%). Days to cover: 5.6 (short shares ÷ average daily volume).

## Peers (Software - Infrastructure)
DLO (DLocal Limited) USD 13.65 -0.87% · BLSH (Bullish) USD 28.47 -0.90% · CORZ (Core Scientific, Inc.) USD 14.43 -3.80% · RELY (Remitly Global, Inc.) USD 24.64 +1.52% · TENB (Tenable Holdings, Inc.) USD 51.78 +6.28% · MBGL (Mobility Global Inc.) USD 18.92 +3.22%

## More
Full page: https://nexqual.com/PAYO · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.08 | $0.07 | +15.0% | $285.1M | 2 |
| Next quarter (ends 2026-12-31) | $0.09 | $0.07 | +18.5% | $302.9M | 2 |
| Current fiscal year (ends 2026-12-31) | $0.30 | $0.26 | +15.6% | $1.12B | 3 |
| Next fiscal year (ends 2027-12-31) | $0.40 | $0.37 | +6.8% | $1.24B | 3 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-05): ±4.9%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 22 | 19.8% | ±4.9% |
| 2027-01-15 | 78 | 58.0% | ±4.4% |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | $0.03 | $0.06 | Miss −50.0% | — |
| — | Quarter ended Mar 31, 2026 | $0.06 | $0.02 | Beat +$0.04 | — |
| — | Quarter ended Dec 31, 2025 | $0.09 | $0.07 | Beat +28.6% | — |
| — | Quarter ended Sep 30, 2025 | $0.06 | $0.07 | Miss −14.3% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).