Payoneer Global Inc. closed the third quarter of 2025 with strong momentum, reporting solid revenue gains and a standout performance across Asia-Pacific as more digital entrepreneurs turn to the payments platform for cross-border growth.
CEO John Caplan said the Company delivered its strongest revenue quarter to date, marking three consecutive quarters of mid-teens revenue growth excluding interest. He noted that Payoneer’s performance reflects the resilience of its diversified customer base amid shifting global market conditions.
The Asia-Pacific region again proved to be Payoneer’s fastest-growing engine. Revenue in APAC hit roughly $57 million, rising 21 percent year-over-year and outpacing all other regions. This growth was driven by the accelerating rise of small and midsized digital businesses across Southeast Asia and the Philippines, where Payoneer has seen strong adoption of its financial tools for global commerce.
Caplan emphasized that the Company’s strategy remains focused on building products that reduce friction for entrepreneurs. Payoneer’s financial stack—spanning payments, working capital solutions, B2B services, and checkout tools—continues to see broader use as customers scale internationally.
According to Caplan, the Company has logged more than 10 straight quarters of year-over-year expansion in ARPU and SMB take rates as it targets larger customers and boosts multi-product adoption.
Payoneer booked approximately $271 million in total revenue for Q3, up 9 percent year-over-year, supported by continued expansion among SMB customers. The increase offset a 9 percent decline in interest income as lower rates outpaced the growth of customer funds, which climbed 17 percent to $7.1 billion.
The quarter also reflected healthy profitability, with $36 million in operating income and $14 million in net income. Total payment volume reached more than $22 billion, rising 9 percent year-over-year, including double-digit growth in B2B flows and enterprise payouts. Payoneer’s Checkout business, formerly Merchant Services, recorded a strong 46 percent surge in volume.
As of September 30, the Company had nearly 2 million active customers and 548,000 meeting its Ideal Customer Profile. While ICP count dipped 2 percent due to Payoneer’s strategic shift toward larger, more complex clients, ARPU excluding interest income surged 22 percent—its fifth straight quarter of 20-percent-plus gains.
Customer trust continued to deepen, highlighted by record card spending of $1.6 billion in the quarter, up 19 percent from the prior year.
Payoneer raised its full-year 2025 guidance earlier in November, citing its strong position and differentiated global capabilities. It also accelerated its share repurchase program, buying back $45 million worth of shares in Q3 at an average price of $6.73, bringing total buybacks for the year to $94 million.
The Company said it remains focused on scaling its platform, supporting global entrepreneurs, and sustaining long-term, high-quality growth across its most strategic markets.