Payoneer reports Q3 2026 financial results

Results of Operations and Financial Condition.

On November 5, 2026, Payoneer Global Inc. issued a press release announcing its financial results for the fiscal quarter ended September 30, 2026.^{1 1}A copy of the press release is furnished as Exhibit 99.1 to this report.¹

The information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that Section, or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.

Description

99.1

Press release, dated November 5, 2026, issued by Payoneer Global Inc.

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

PAYONEER GLOBAL INC.

November 5, 2026

By:

/s/ Bea Ordonez

Name: Bea Ordonez

Title: Chief Financial Officer

Payoneer Reports Third Quarter 2026 Financial Results

13% volume growth led by B2B acceleration, up 59% year-over-year

Stockholders approved the Nuvei merger agreement proposal on September 14, 2026

NEW YORK – November 5, 2026 – Payoneer Global Inc. ("Payoneer" or the "Company") (NASDAQ: PAYO), the global financial technology company powering business growth across borders, today reported financial results for its third quarter ended September 30, 2026.

Third Quarter 2026 Financial Highlights

($ in mm unless otherwise noted)

YoY Change

Revenue ex. interest income

$211.4

$218.9

$210.1

$222.2

$222.2

5%

Interest income

59.5

55.8

51.5

52.1

54.7

(8)%

Revenue

$270.9

$274.7

$261.6

$274.3

$276.9

2%

Transaction costs as a % of revenue

15.7%

15.6%

13.5%

13.7%

15.0%

(70) bps

Net income

$14.1

$19.0

$19.6

($2.4)

$14.9

6%

Adjusted EBITDA

71.3

68.5

69.4

71.4

68.3

(4)%

Adjusted EBITDA ex. interest income

11.7

12.8

17.9

19.3

13.6

16%

Operational Metrics

Volume ($bn)

$22.3

$24.8

$22.8

$23.7

$25.3

13%

1. Please refer to "Additional Information and Definitions" for a description of ARPU.

2. SMB customer take rate represents revenue from SMBs who sell on marketplaces, B2B SMBs, and Checkout (previously known as Merchant Services), divided by the associated volume from each respective channel.

"Payoneer's Q3 results show our upmarket strategy is working: B2B volume growth accelerated to 59% year-over-year, ARPU ex. interest expanded 20%+ year-over-year for a 9 th consecutive quarter, and the percentage of our revenue from larger customers continues to grow. Additionally, we obtained payment licenses in Canada and Israel, extending our global regulatory infrastructure to more markets for customers.

We continue to work towards a targeted mid-2027 close of the Nuvei transaction.⁴ We received shareholder approval in September and are making progress with obtaining necessary regulatory approvals. Our customer relationships and distribution, regulatory infrastructure and wallet and payout capabilities are highly complementary with Nuvei's capabilities and together, we will build the end-to-end money movement infrastructure designed for the world's largest digital commerce ecosystems."

John Caplan, Chief Executive Officer

Third Quarter 2026 Business Highlights (unless otherwise noted)

● Revenue excluding interest income of $222 million grew 5% year-over-year

● Volume of $25.3 billion increased 13% year-over-year, reflecting:

o SMBs that sell on marketplaces volume of $12.6 billion up 1% year-over-year.

o B2B volume of $5.0 billion, up 59% year-over-year driven by accelerating growth across all major regions and continued momentum with larger customers, particularly in China and EMEA.

o Checkout volume of $330 million, up 48% year-over-year.

o Enterprise payouts volume of $7.4 billion, up 14% year-over-year.

● SMB customer revenue of $199 million grew 4% year-over-year, reflecting:

o SMBs that sell on marketplaces revenue of $115 million, down 5% year-over-year.

o B2B SMBs revenue of $70 million, up 13% year-over-year.

o Checkout revenue of $14 million, up 60% year-over-year.

● 18% growth in ARPU, and 21% growth in ARPU excluding interest income, the ninth consecutive quarter of 20%+ growth in ARPU excluding interest income.

● $7.5 billion of customer funds (including both short-term and long-term funds) as of September 30, 2026. Customer funds growth of 6% year-over-year partially offsetting the impact of lower interest rates on year-over-year interest income.

● Obtained shareholder approval of the Nuvei transaction on September 14, 2026.³

● Payoneer continues to strengthen its global regulatory infrastructure with payment licenses in Canada and Israel.²

About Payoneer

Payoneer is the financial platform for cross-border business and global payments. Payoneer empowers millions of businesses with the financial tools and services they need to grow and transact globally with confidence. Payoneer makes it easier for businesses, particularly in emerging markets, to connect to the global economy, pay and get paid across borders, manage their funds across multiple currencies, and grow their businesses.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Except for historical information contained in this press release, the matters discussed herein contain forward-looking statements that involve risks and uncertainties. Such statements are provided under the "safe harbor" protection of the Act. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "shall," "should," "expects," "plans," "positioning," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. Forward-looking statements include, but are not limited to, statements about transition and the impact of recent changes to our executive management team