NASDAQ$PAYO
Payoneer Global Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Payoneer reported record quarterly revenue and strong profitability, driven by growth across all channels and faster growth in higher take rate B2B and Merchant Services businesses.
Payoneer delivered record quarterly revenue of $228.2 million, up 19% year-over-year, driven by strong growth across the entire platform. The company grew ICPs by 8% and generated 21% volume growth. Net income increased by 265% year-over-year to $29.0 million.
- Record quarterly revenue, up 19% year-over-year.
- Volume grew by 21%, including 33% B2B volume growth.
- Active ICP growth of 8%, including 13% growth in larger ICPs.
- Spend on Payoneer cards increased by 34% year-over-year.
Headline financials
Revenue & EPS history
Payoneer · Revenue · Quarterly
$228M
Forward guidance
Payoneer is raising its 2024 revenue guidance to $895 million - $905 million and adjusted EBITDA guidance to $200 million to $210 million.
Tailwinds
- Strong growth across the entire platform
- Faster growth in higher take rate B2B and Merchant Services businesses
- Increased acquisition
- Improved retention of most valuable customers
- Enhancing financial stack and further penetrate the fast-growing B2B market
Headwinds
- Changes in applicable laws or regulations
- Adversely affected by geopolitical events and conflicts
- Changes in the assumptions underlying our financial estimates
- Outcome of any known and/or unknown legal or regulatory proceedings
- Other risks and uncertainties set forth in Payoneer’s Annual Report on Form 10-K
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+3.6%
Avg return
Earnings day
+6.4%
Avg return
5 days after
+2.1%
Avg return
30 days after
48%
11 / 23 earnings
Positive
+37.1%
Q1 2022
Best reaction
-18.7%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.9% | +5.1% | +3.7% | |
| Q4 2025 | -18.7% | -12.4% | -8.8% | |
| Q3 2025 | -5.0% | -2.1% | -1.9% | |
| Q1 2025 | -13.8% | +0.7% | -1.4% | |
| Q4 2024 | -14.7% | -21.4% | -28.8% | |
| Q3 2024 | +21.5% | +26.9% | +26.6% | |
| Q2 2024 | +27.8% | +31.8% | +33.7% | |
| Q1 2024 | +12.5% | +10.2% | +13.2% | |
| Q4 2023 | -12.6% | -16.5% | -12.6% | |
| Q3 2023 | -7.5% | -5.8% | -10.3% | |
| Q2 2023 | +13.8% | +14.8% | +23.1% | |
| Q1 2023 | -14.9% | -17.1% | -19.6% | |
| Q4 2022 | +14.8% | +19.0% | +7.3% | |
| Q3 2022 | -12.9% | +0.9% | -16.5% | |
| Q2 2022 | +18.6% | +20.4% | +18.1% | |
| Q1 2021 | +37.1% | +37.4% | +28.7% | |
| Q1 2022 | +37.1% | +37.4% | +28.7% | |
| Q4 2021 | -12.8% | -6.2% | -0.4% | |
| Q4 2019 | -12.8% | -6.2% | -0.4% | |
| Q3 2020 | +14.3% | +21.4% | -13.3% | |
| Q3 2021 | +14.3% | +21.4% | -13.3% | |
| Q4 2020 | -3.1% | -6.7% | -3.6% | |
| Q2 2021 | -3.1% | -6.7% | -3.6% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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