Business
Payoneer Reports Fourth Quarter and Full Year 2022 Financial Results
Record 2022 results Revenue growth of more than 30% year-over-year for both Q4 and FY 2022 NEW YORK--(BUSINESS WIRE)-- Payoneer Global Inc. (“Payoneer” or
About this update from Payoneer Global Inc.
[{"type":"text","content":"\nRecord 2022 results\n\nRevenue growth of more than 30% year-over-year for both Q4 and FY 2022\n\n NEW YORK--(BUSINESS WIRE)--\nPayoneer Global Inc. (“Payoneer” or the “Company”) (NASDAQ: PAYO), the financial technology company empowering the world’s small businesses to transact, do business and grow globally, today reported financial results for its fourth quarter and full year ended December 31, 2022.\n\nFourth Quarter and Full Year 2022 Financial Highlights\n\n\n($ in mm)\n\n\n4Q 2021\n\n\n\n\n1Q 2022\n\n\n\n\n2Q 2022\n\n\n\n\n3Q 2022\n\n\n\n\n4Q 2022\n\n\n\n\nYoYChange\n\n\n\n2021\n\n\n\n\n2022\n\n\n\n\nYoYChange\n\n\n\n\nRevenue\n\n\n$139.2\n\n\n\n\n$137.0\n\n\n\n\n$148.2\n\n\n\n\n$158.9\n\n\n\n\n$183.6\n\n\n\n\n\n32%\n\n\n\n\n\n$473.4\n\n\n\n\n$627.6\n\n\n\n\n\n33%\n\n\n\n\n\n\nTransaction costs as a % of revenue\n\n\n20.2%\n\n\n\n\n18.7%\n\n\n\n\n17.7%\n\n\n\n\n17.6%\n\n\n\n\n16.6%\n\n\n\n\n(360 bps)\n\n\n\n21.4%\n\n\n\n\n17.6%\n\n\n\n\n(380 bps)\n\n\n\n\nRevenue less transaction costs\n\n\n$111.1\n\n\n\n\n$111.4\n\n\n\n\n$122.0\n\n\n\n\n$130.9\n\n\n\n\n$153.2\n\n\n\n\n\n38%\n\n\n\n\n\n$371.9\n\n\n\n\n$517.5\n\n\n\n\n\n39%\n\n\n\n\n\n\nNet income (loss)\n\n\n(18.9)\n\n\n\n\n20.2\n\n\n\n\n4.4\n\n\n\n\n(26.5)\n\n\n\n\n(10.2)\n\n\n\n\nN.M.\n\n\n\n(34.0)\n\n\n\n\n(12.0)\n\n\n\n\nN.M.\n\n\n\n\nAdjusted EBITDA\n\n\n13.5\n\n\n\n\n10.4\n\n\n\n\n14.7\n\n\n\n\n12.7\n\n\n\n\n10.6\n\n\n\n\n\n(22%)\n\n\n\n\n\n28.2\n\n\n\n\n48.5\n\n\n\n\n\n72%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\nOperational Metrics\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nVolume ($bn)\n\n\n$16.2\n\n\n\n\n$14.6\n\n\n\n\n$14.6\n\n\n\n\n$15.1\n\n\n\n\n$16.9\n\n\n\n\n\n5%\n\n\n\n\n\n$56.7\n\n\n\n\n$61.3\n\n\n\n\n\n8%\n\n\n\n\n\n\nRevenue as a % of volume (\"Take Rate\")\n\n86 bps\n\n94 bps\n\n101 bps\n\n105 bps\n\n109 bps\n\n\n23 bps\n\n\n84 bps\n\n102 bps\n\n\n18 bps\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“Payoneer reported record fourth quarter and full year revenue, generating more than 30% year-over-year growth for both periods,” said Scott Galit, Co-Chief Executive Officer of Payoneer. “The strength of our diversified, scaled business model, global infrastructure, and trusted brand is apparent in our results. Payoneer is serving SMBs of all sizes, across a diverse range of industries, from more than 190 c...