Payoneer Reports First Quarter 2025 Financial Results

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[{"type":"text","content":"\nStrong growth and profitability\n\n16% YoY growth in revenue excluding interest income powered by B2B customers and Card product\n\n NEW YORK--(BUSINESS WIRE)--\nPayoneer 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, 2025.\n\nFirst Quarter 2025 Financial Highlights\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\nYoY\n\n\n\n\n\n($ in mm)\n\n\n\n1Q 2024\n\n\n\n \n\n\n\n2Q 2024\n\n\n\n \n\n\n\n3Q 2024\n\n\n\n \n\n\n\n4Q 2024\n\n\n\n \n\n\n\n1Q 2025\n\n\n\n \n\n\n\nChange\n\n\n\n\n\nRevenue ex. interest income\n\n\n\n$162.9\n\n\n\n \n\n\n\n$173.7\n\n\n\n \n\n\n\n$183.1\n\n\n\n \n\n\n\n$201.1\n\n\n\n \n\n\n\n$188.6\n\n\n\n \n\n\n\n16%\n\n\n\n\n\nInterest income\n\n\n\n65.3\n\n\n\n \n\n\n\n65.8\n\n\n\n \n\n\n\n65.2\n\n\n\n \n\n\n\n60.6\n\n\n\n \n\n\n\n58.0\n\n\n\n \n\n\n\n(11)%\n\n\n\n\n\nRevenue\n\n\n\n$228.2\n\n\n\n \n\n\n\n$239.5\n\n\n\n \n\n\n\n$248.3\n\n\n\n \n\n\n\n$261.7\n\n\n\n \n\n\n\n$246.6\n\n\n\n \n\n\n\n8%\n\n\n\n\n\nTransaction costs as a % of revenue\n\n\n\n14.9%\n\n\n\n \n\n\n\n15.4%\n\n\n\n \n\n\n\n15.3%\n\n\n\n \n\n\n\n16.5%\n\n\n\n \n\n\n\n16.0%\n\n\n\n \n\n\n\n110 bps\n\n\n\n\n\nNet income\n\n\n\n$29.0\n\n\n\n \n\n\n\n$32.4\n\n\n\n \n\n\n\n$41.6\n\n\n\n \n\n\n\n$18.2\n\n\n\n \n\n\n\n$20.6\n\n\n\n \n\n\n\n(29)%\n\n\n\n\n\nAdjusted EBITDA\n\n\n\n65.2\n\n\n\n \n\n\n\n72.8\n\n\n\n \n\n\n\n69.3\n\n\n\n \n\n\n\n63.3\n\n\n\n \n\n\n\n65.4\n\n\n\n \n\n\n\n0%\n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nOperational Metrics\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nVolume ($bn)\n\n\n\n$18.5\n\n\n\n \n\n\n\n$18.7\n\n\n\n \n\n\n\n$20.4\n\n\n\n \n\n\n\n$22.5\n\n\n\n \n\n\n\n$19.7\n\n\n\n \n\n\n\n7%\n\n\n\n\n\nActive Ideal Customer Profiles (ICPs) ('000s)1\n\n\n\n530\n\n\n\n \n\n\n\n547\n\n\n\n \n\n\n\n557\n\n\n\n \n\n\n\n560\n\n\n\n \n\n\n\n556\n\n\n\n \n\n\n\n5%\n\n\n\n\n\nRevenue as a % of volume (\"Take Rate\")\n\n\n\n124 bps\n\n\n\n \n\n\n\n128 bps\n\n...

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