Payoneer’s 2025 Ex-Interest Revenue Up 14% to $821M, $175M Buyback
Payoneer’s 2025 revenue ex-interest rose 14% to $821.2 million, driven by 28% B2B SMB growth, and full-year revenue reached $1.05 billion. The company repurchased $175 million of shares and generated $73.2 million in net income despite a 10% drop in interest income.
1. Financial Results Overview
Payoneer reported full-year 2025 revenue ex-interest of $821.2 million, up 14% from $720.9 million in 2024, while total revenue reached $1.05 billion, an 8% increase. Interest income declined 10% to $231.6 million, net income fell 40% to $73.2 million, and adjusted EBITDA remained flat at $271.7 million.
2. Business Segment Performance
In Q4 2025, revenue ex-interest rose 9% to $218.9 million with SMB customer revenue of $197 million up 9%. B2B SMB revenue increased 17% to $65 million, transaction volume climbed 10% to $24.8 billion, ARPU reached $488 (up 15%), and customer funds grew 13% to $7.9 billion.
3. Share Repurchases and Outlook
The company repurchased $175 million of shares in 2025, including $80 million in Q4 at an average price of $5.76, representing 8% of outstanding shares. It acquired Boundless for $13 million and set 2026 guidance targeting high-margin growth, upmarket SMB focus and an AI-first platform to accelerate product delivery and profitability.