Payoneer Global Inc. reported its first quarter 2025 financial results on May 7, 2025, with total revenue reaching $246.6 million, an 8% increase year-over-year. Revenue excluding interest income grew by 16% year-over-year to $188.6 million, driven by strong ARPU growth and adoption of high-value products. Net income for the quarter was $20.6 million, a decrease of 29% from $29.0 million in the prior year.
Adjusted EBITDA for Q1 2025 was $65.4 million, showing no change year-over-year. Volume increased by 7% to $19.7 billion, and active Ideal Customer Profiles (ICPs) grew 5% to 556,000. B2B SMBs revenue increased 37% year-over-year to $52 million, and Merchant Services (Checkout) revenue grew 96% year-over-year to $7 million.
Despite strong core business performance, Payoneer announced the suspension of its previously issued full-year 2025 guidance. The company cited rapidly evolving and uncertain global macroeconomic and trade environments, including potential impacts from tariffs, as the reason for the suspension. Management estimates a potential revenue headwind of approximately $50 million for the full year if the current tariff regime persists.
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