Payoneer Global Inc. (NASDAQ: PAYO) shares were on the downward slope to begin Wednesday trading. The global financial technology company powering business growth across borders reported financial results for its third quarter ended September 30, 2025.
Revenue excluding interest income grew 15% year-over-year, driven by 9% volume growth and significant take rate expansion with SMB customers.
The company also reported a record $1.6 billion of spend on Payoneer cards, up 19% year-over-year, driven by higher usage per customer.
$7.1 billion of customer funds (including both short-term and long-term funds) as of September 30, 2025. Customer fund growth of 17% year-over-year partially offsetting the impact of lower interest rates year-over-year.
Accelerated share repurchases to $45 million at a weighted average price of $6.73, bringing year-to-date repurchases to $94 million.
Said Chief Financial Officer Bea Ordonez, “We are raising our guidance for total revenue, reflecting consistent expectations for revenue ex. interest as we continue to navigate our business through a dynamic macro environment, and increased expectations for interest income to reflect the strong year-over-year growth in customer funds on our platform.
“We are increasing our guidance, at the midpoint, for adjusted EBITDA and we believe we can continue to unlock significant leverage even as we invest for the future."
PAYO shares sank 56 cents, or 9.7%, to $5.23.
