Payoneer Q1 Revenue Excluding Interest Up 11% to $210.1M, B2B Volume +44%
Payoneer posted Q1 revenue excluding interest of $210.1 million, up 11% year-over-year, and total payment volume of $22.8 billion, up 16%, with B2B volume growth accelerating 44%. Adjusted EBITDA excluding interest income surged 140% to $17.9 million, share repurchases reached $74 million and 2026 guidance was raised.
1. Revenue and Volume Growth
In Q1 2026, revenue excluding interest income reached $210.1 million, up 11% year-over-year, driving total revenue of $261.6 million, a 6% increase. Total payment volume rose 16% to $22.8 billion, led by a 44% surge in B2B volume across major regions.
2. Profitability and Cash Deployment
Adjusted EBITDA excluding interest income surged 140% year-over-year to $17.9 million, contributing to a 6% increase in overall adjusted EBITDA to $69.4 million. Net income was $19.6 million and the company repurchased $74 million of shares at a weighted average price of $5.16.
3. Raised Full-Year Guidance
Management raised its full-year 2026 guidance, citing sustained acceleration in core profitability, stronger SMB take rates and robust growth in enterprise payouts. Investments in stablecoin, agentic AI and strategic partnerships are expected to support long-term operating leverage and platform value.