PAYOPayoneer Global Inc.

$7.14

Is the business good?

How good a business is PAYO?

Payoneer Global Inc. earns 29% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.

29%

Return on invested capital · cost of capital 9.0% · 20 points above what the capital costs: growth creates value

Operating margin
10%

Operating margin · Software - Infrastructure median 6.1% · 12 months to Q2 2026

Cash conversion
3.61×

Cash conversion · 2.08× a year ago · every dollar of reported profit arrived as cash, and more

Share count, year on year
−11%

Share count, year on year · bought back, each share owns more of the company

Operating margin by fiscal year
YearOperating margin
FY2020−5.0%
FY2021−6.4%
FY2022−3.5%
FY202312%
FY202415%
FY202512%
Details
Operating margin12 months to Q2 2026
10%
Net margin12 months to Q2 2026
4.7%
Free cash flow margin
17%
R&D as % of revenue
16%
Revenue, trailing twelve months
$1.08B
Free cash flow, trailing twelve months
$181M
Net income, trailing twelve months
$50M
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
29%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.