How did Payoneer Global (NASDAQ:PAYO) perform in Q1 2026?

Payoneer reported Q1 2026 total revenue of $261.6 million, representing a 6% increase year-over-year. Revenue excluding interest income reached $210.1 million, a significant 11% jump from the prior year. The company saw strong growth in its core business, particularly in the B2B segment, which saw a 44% increase in volume. Adjusted EBITDA for the quarter was $69.4 million, reflecting the success of its strategic focus areas.

What drove Payoneer’s revenue growth in Q1 2026?

The revenue growth in Q1 2026 was primarily driven by a 17% increase in Average Revenue Per User (ARPU), reflecting deeper engagement with high-value customers. The B2B segment was the standout performer, with volume surging 44% year-over-year. Payoneer’s ability to expand its suite of financial services and capture a larger share of the global cross-border business payments market also contributed to its strong performance.

How did Payoneer’s B2B segment perform in Q1 2026?

Payoneer’s B2B segment was a key growth driver in Q1 2026, with a 44% year-over-year surge in B2B volume. This performance highlights Payoneer’s growing presence in the cross-border payments market for small and medium-sized businesses. The strong growth in the B2B segment was central to the company’s overall revenue and profitability gains.

What is Payoneer’s Average Revenue Per User (ARPU) trend in Q1 2026?

Payoneer reported a 17% increase in ARPU for Q1 2026, reflecting the company's successful strategy of deepening engagement with its high-value customers. This increase in ARPU highlights Payoneer’s ability to expand its financial services offering and capture more value from its existing customer base.

How stable is Payoneer’s customer funds base?

Payoneer’s customer funds base remained stable at $7.6 billion in Q1 2026. This stable base is crucial for generating interest income, and it reflects the continued trust that global entrepreneurs and marketplaces place in the Payoneer platform. The stability of customer funds also supports the company’s liquidity and growth potential.

Payoneer raises 2026 guidance as B2B volume surges 44% in Q1

Written by Heidi Cuthbert Published May. 7 2026Last Updated May. 7 2026

Payoneer Global (NASDAQ:PAYO) delivered a robust first-quarter performance for 2026, marked by double-digit growth in its core business segments and an optimistic revision of its full-year financial outlook.

The New York-based financial technology company, which specializes in cross-border payments for small and medium-sized businesses, reported total revenue of $261.6 million for the quarter ended March 31, 2026, representing a 6% increase year-over-year.

A more granular look at the results reveals significant momentum in the company’s strategic focus areas.

Revenue excluding interest income reached $210.1 million, an 11% jump compared to the first quarter of 2025.

This growth was underpinned by a 17% increase in Average Revenue Per User (ARPU), highlighting Payoneer's success in deepening its engagement with high-value customers and expanding its suite of financial services.

The standout performer for the quarter was Payoneer’s B2B segment.

B2B volume surged 44% year-over-year, as the company continues to capture a larger share of the massive global market for cross-border business payments.

This expansion helped drive adjusted EBITDA to $69.4 million for the quarter.

Customer funds held on the platform remained stable at $7.6 billion, providing a consistent base for interest income while reflecting the continued trust of global entrepreneurs and marketplaces in the Payoneer ecosystem.

On the back of the first quarter’s operational strength, Payoneer management raised its guidance for the full fiscal year 2026.

The company now expects revenue (ex. interest) to increase to a range of $900 million to $940 million.