Payoneer revenue tops estimates as it reports without a call

Payoneer reported second-quarter revenue of $274.3 million on August 6, up 5.2 percent from $260.6 million a year earlier and ahead of the roughly $271 million analysts expected, according to StockStory. On a GAAP basis the cross-border payments company posted a loss of $0.01 per share, against consensus expectations for a small profit.

The revenue figure exceeded the Zacks consensus estimate by 2.51 percent, according to Zacks Investment Research. The result compares with first-quarter revenue of $261.6 million, when the company reported diluted earnings of $0.06 per share and adjusted earnings before interest, taxes, depreciation and amortization of $69.4 million.

Payoneer did not hold a conference call or webcast to discuss the results. The company said in its July 23 scheduling announcement that it would forgo the call in light of its pending acquisition by Nuvei.

Under the agreement announced on June 15, Nuvei will acquire all outstanding shares of Payoneer for $7.40 per share in cash, valuing the equity at about $2.75 billion. The transaction is expected to close in mid-2027, subject to approval by Payoneer shareholders, regulatory clearances and other customary conditions, according to a company statement.

Payoneer provides cross-border payment accounts and financial services to small and medium-sized businesses, with a concentration in emerging markets. The company had guided to full-year revenue excluding interest income of $900 million to $940 million and adjusted EBITDA of $285 million to $295 million when it raised its outlook in May. Its shares trade on the Nasdaq under the ticker PAYO.