NASDAQ$PAYO

Payoneer Global Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Payoneer's Q4 2023 results reflected revenue growth and increased profitability.

Payoneer reported a strong fourth quarter and full year 2023, marked by 22% year-over-year revenue growth in Q4, reaching $224.3 million, and a net income of $27.0 million. The company's active Ideal Customer Profiles (ICPs) grew by 6% year-over-year, and transaction volume increased by 16% to $19.0 billion. Looking ahead, Payoneer provided revenue guidance for 2024 of $875 million to $885 million.

  • Revenue increased by 22% year-over-year to $224.3 million.
  • Net income reached $27.0 million, a significant improvement from the previous year.
  • Active Ideal Customer Profiles (ICPs) grew by 6% year-over-year.
  • Transaction volume increased by 16% year-over-year to $19.0 billion.

Headline financials

Total Revenue

$224M

Previous: $184M+22.2%
EPS (adj)

$0.07

Previous: -$0.03+333.3%
Active ICPs

516.0K

No prior period
Capital Expenditures

-$18.1M

Previous: $3.37M-637.8%
Net Income

$27M

Previous: -$10.2M+366.2%
Operating Income

$25.7M

Previous: -$8.56M+400.2%
Gross Profit

$181M

Previous: $153M+18.2%
R&D Expense

$35M

No prior period
Stock-Based Comp

$17.3M

Previous: $13M+33.2%

Revenue & EPS history

Payoneer · Revenue · Quarterly

$224M

Q4 2023+22.2%vs Q4 2022
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

Payoneer provided revenue guidance for 2024 of $875 million to $885 million and Adjusted EBITDA of $185 million to $195 million

Tailwinds

  • Focus on acquiring and retaining active ICPs.
  • Increasing customer adoption of multiple products and services.
  • Driving growth in B2B.
  • Driving growth in Merchant Services.
  • Innovating and improving customer experience.

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 Q4 2023

Historical avgQ4 2023

+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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