Payoneer (NASDAQ: PAYO), the global financial technology company powering business growth across borders, today announced its financial results for the first quarter ended March 31, 2026, reporting continued growth across its SMB and enterprise business segments alongside strong profitability and rising global transaction volumes.
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Payoneer delivered $262 million in revenue in Q1 2026, representing 6% year-over-year growth, driven by strong momentum across SMB and enterprise customers. Revenue excluding interest income grew 11% year-over-year, while lower global interest rates contributed to a decline in interest income revenue. The company generated nearly $23 billion in total volume during the quarter, up 16% year-over-year, reflecting growing demand for Payoneer’s cross-border payment infrastructure across global trade and digital commerce.
The company’s B2B business remained a key growth driver, with B2B volume reaching $3.9 billion during the quarter, marking a 44% year-over-year increase. Volume from SMBs selling on marketplaces reached $11.6 billion, while Checkout volume grew 53% year-over-year to $264 million. Enterprise payouts volume also continued its upward trajectory, nearing $7 billion in Q1 2026 with a 28% year-over-year increase.
Payoneer also reported $30 million in operating income and $20 million in net income during the quarter, demonstrating continued operational discipline and profitability. Customer trust in the platform remained strong, with approximately $7.6 billion in customer funds as of March 31, 2026, up 15% year-over-year.
Across regions, the company recorded broad-based growth, with Europe, Middle East and Africa revenue increasing 10% year-over-year to $65 million, Asia-Pacific revenue rising 14% to $58 million, and North America revenue growing 10% to $26 million during the quarter. Reflecting confidence in its long-term growth strategy and business momentum, Payoneer also raised its 2026 guidance on May 7, 2026.
Commenting on the results, John Caplan, Chief Executive Officer, Payoneer, said: “In Q1 we delivered acceleration across major KPIs: revenue growth ex. interest accelerated to 11%, B2B volume growth more than doubled to 44%, and we delivered another quarter of significant core profitability expansion. We are driving broad-based momentum across our business, supported by differentiated assets that compound as we scale. We have infrastructure built on years of investment and innovation, network effects that strengthen as volumes grow, and platform depth that allows us to meet the needs of how our customers operate globally.
We’re a profitable, scaled platform in a multi-trillion-dollar B2B market that’s still in the early innings of digitization, and our strong Q1 results demonstrate we’re capturing share. We are executing consistently, moving fast where we see opportunities, and building a business that’s not just larger, but structurally more valuable, with deeper strategic advantages and stronger customer relationships.”
As Pakistan’s freelancer economy, exporters, and digitally enabled SMBs continue to expand globally, Payoneer remains focused on enabling seamless cross-border payments, multi-currency financial services, and international business growth for entrepreneurs and businesses across the country.