Payoneer Q3 2026 Results: B2B Growth and Nuvei Merger Update
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Payoneer Reports Strong Q3 2026 Growth and Progress on Nuvei Merger
NEW YORK, USA - Payoneer Global Inc. (NASDAQ: PAYO), a leading global financial technology company, has released its financial results for the third quarter ended September 30, 2026. The company reported a significant acceleration in B2B volume growth, which rose 59% year-over-year, contributing to a 13% overall increase in transaction volume. Payoneer also confirmed that stockholders approved the proposed merger agreement with Nuvei on September 14, 2026, marking a key milestone as the company works toward a targeted mid-2027 close.
Financial Highlights
- Total revenue reached $276.9 million, a 2% increase year-over-year.
- Revenue excluding interest income grew 5% to $222.2 million.
- Net income for the quarter was $14.9 million, compared to $14.1 million in the same period last year.
- Adjusted EBITDA excluding interest income rose 16% to $13.6 million, while total Adjusted EBITDA was $68.3 million.
- Average Revenue Per User (ARPU) grew 18%, marking the ninth consecutive quarter of over 20% growth in ARPU excluding interest income.
Business Update
Payoneer's performance was bolstered by robust B2B volume of $5.0 billion and a 48% increase in Checkout volume, reaching $330 million. The company continued to expand its global regulatory infrastructure, securing new payment licenses in both Canada and Israel. CEO John Caplan noted that the company's upmarket strategy is yielding results, with an increasing percentage of revenue coming from larger customers. Looking ahead, Payoneer remains focused on the Nuvei integration, aiming to create comprehensive money movement infrastructure for global digital commerce.
