Payoneer Posts $277M Q3 Revenue as B2B Volume Jumps 59%
Payoneer reported $276.9 million in third-quarter revenue and said B2B volume rose 59% as the company works toward a mid-2027 close of its Nuvei deal.
Payoneer Global Inc. reported third-quarter revenue of $276.9 million on Thursday, up 2% from $270.9 million a year earlier, and said B2B volume rose 59% as the New York payments company presses toward a mid-2027 close of its pending Nuvei deal.
Revenue excluding interest income was $222.2 million, up 5%. Interest income fell 8% to $54.7 million. Net income was $14.9 million, or 4 cents a diluted share, compared with $14.1 million, or 4 cents, a year earlier. Adjusted EBITDA was $68.3 million, down 4% from $71.3 million. Zacks, cited by Yahoo Finance, said the results missed a 5-cent consensus EPS estimate and a revenue estimate by about 3.6%.
Volume and customers
Total volume rose 13% to $25.3 billion. Marketplace SMB volume was $12.6 billion, up 1%. B2B volume reached $5.0 billion. Checkout volume climbed 48% to $330 million, and enterprise payouts rose 14% to $7.4 billion. Average revenue per user rose 18% to $555. Customer funds stood at $7.5 billion as of Sept. 30, up 6% from a year earlier.
Nuvei deal and licenses
Shareholders approved the Nuvei merger agreement on Sept. 14, the company said, and regulatory reviews continue for a targeted mid-2027 closing. Payoneer also said it obtained payment licenses in Canada and Israel.
Sources: PR Newswire, Nasdaq, Yahoo Finance/Zacks
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