Payoneer Global Inc. (NASDAQ: PAYO), the global fintech company empowering cross-border business, reported a record revenue quarter for Q3 2025, marking its third consecutive quarter of mid-teens growth excluding interest income. CEO John Caplan highlighted that the results reflect the strength of Payoneer’s diversified business amid a dynamic global economy.
Revenue for Q3 reached approximately $271 million, up 9% year-over-year, supported by strong growth with SMB customers. Interest income declined 9% due to lower rates, partially offset by a 17% increase in customer funds, which now total around $7.1 billion. The Asia-Pacific region stood out, with revenue hitting $57 million, a 21% year-over-year increase, fueled by the rise of digital entrepreneurship in markets such as the Philippines and Southeast Asia.
Payoneer generated over $22 billion in total volume during the quarter. B2B payments grew 11% to $3.1 billion, SMB marketplace sales reached $12.5 billion, Checkout services surged 46% to $223 million, and enterprise payouts increased 19% to $6.5 billion. Operating income was $36 million, with net income of $14 million.
The company now serves nearly 2 million active customers, including 548,000 ideal customer profile (ICP) clients. While ICPs declined slightly by 2%, this reflects a deliberate focus on larger, more complex customers with scale and global reach. ARPU excluding interest income rose 22% year-over-year, marking the fifth consecutive quarter of 20%+ growth.
Payoneer’s card usage reached a record $1.6 billion in Q3, up 19% from the previous year, highlighting high customer engagement. Confidence in the company’s strategy is further demonstrated by accelerated share repurchases of $45 million in the quarter, bringing year-to-date repurchases to $94 million.
“Our mission remains to remove friction between an entrepreneur’s ambition and achievement,” Caplan said, emphasizing Payoneer’s commitment to providing secure, easy-to-use financial solutions for global commerce.
