NASDAQ$PAYO

Payoneer Global Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Payoneer reported strong third quarter results with 30% revenue growth and raised full year 2022 revenue and adjusted EBITDA guidance.

Payoneer reported a strong third quarter, achieving 30% year-over-year revenue growth. The company's performance was driven by solid customer acquisition, adoption of High Value Services, and accelerating interest income revenue from customer funds.

  • 30% year-over-year revenue growth in Q3 2022.
  • 39% year-over-year revenue growth in emerging markets.
  • B2B AP/AR volumes represented 12% of total volume, up from 9% a year ago, with 39% year-over-year growth.
  • Take rate increased to 105 basis points, up from 90 basis points a year ago.

Headline financials

Total Revenue

$159M

Previous: $123M+29.6%
EPS (adj)

-$0.08

Previous: -$0.03-166.7%
Capital Expenditures

-$7.13M

Previous: -$3.82M-86.7%
Free Cash Flow

-$33.6M

Previous: -$2.98M-1025.8%
Net Income

-$26.5M

Previous: $837K-3260.3%
Operating Income

-$5.1M

Previous: -$6.51M+21.6%
Gross Profit

$157M

Previous: $113M+38.8%
Cash & Equivalents

$508M

Previous: $449M+13.1%
Total Assets

$5.76B

Previous: $4.36B+32.1%
Stock-Based Comp

$13.9M

Previous: $8.64M+60.5%

Revenue & EPS history

Payoneer · Revenue · Quarterly

$159M

Q3 2022+29.6%vs Q3 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

Payoneer raised its guidance for 2022, expecting revenue between $605 million and $615 million and adjusted EBITDA between $40 million and $43 million.

Tailwinds

  • Delivering strong results despite higher inflation.
  • Delivering strong results despite slowing economic growth.
  • Delivering strong results despite the war in Ukraine.
  • Payoneer is trusted by customers.
  • Payoneer benefits from rising interest rates.

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 Q3 2022

Historical avgQ3 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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