NASDAQ$PAYO

Payoneer Global Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Payoneer experienced revenue growth and profitability.

Payoneer's Q2 2022 results showed strong revenue growth of 34% year-over-year, positive adjusted EBITDA, and an increase in full-year revenue and adjusted EBITDA guidance. The company's multi-year investments in a diverse and global business model across industries, products, and geographies drove the results.

  • Revenue grew 34% year-over-year.
  • Portfolio of emerging markets revenue grew 50% year-over-year.
  • B2B AP/AR volumes grew over 65% year-over-year and represented 12% of total volume.
  • Customer funds exceeded $5 billion for the first time as of June 30, 2022.

Headline financials

Total Revenue

$148M

Previous: $111M+33.6%
EPS (adj)

$0.01

Previous: -$0.75+101.3%
Capital Expenditures

-$5.09M

Previous: -$2.04M-149.2%
Free Cash Flow

-$671K

Previous: -$14.5M+95.4%
Net Income

$4.42M

Previous: -$12.4M+135.6%
Operating Income

-$2.2M

Previous: -$18.4M+88.0%
Gross Profit

$147M

Previous: $103M+42.8%
Cash & Equivalents

$492M

Previous: $499M-1.3%
Total Assets

$5.84B

Previous: $4.33B+34.8%
Stock-Based Comp

$12.2M

Previous: $10.8M+13.0%

Revenue & EPS history

Payoneer · Revenue · Quarterly

$148M

Q2 2022+33.6%vs Q2 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

Payoneer raised its revenue guidance for the full year, reflecting its views on the evolving macro-economic and geopolitical environment, the diversity of geographies and industries served, and the strength of its operations. The company anticipates positive adjusted EBITDA for 2022 while investing in its long-term growth.

Tailwinds

  • Global breadth of business and diversity of revenue drivers.
  • Good momentum heading into the second half of 2022.
  • Traction in strategic investments.
  • Improving outlook on business in Ukraine given the resilience of its people despite the ongoing war.
  • Contribution from interest income in a rising rate environment.

Headwinds

  • Evolving broader macro-economic environment.
  • Evolving broader geopolitical environment.
  • Uncertainty ahead around inflation.
  • Uncertainty ahead around economic growth.
  • Uncertainty ahead around interest rate levels.

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 Q2 2022

Historical avgQ2 2022

+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

Earnings price reactions
QuarterReport dateReaction (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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