Is the business good?
How good a business is PAYO?
Payoneer Global Inc. earns 31% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
31%
Return on invested capital · cost of capital 9.0% · 22 points above what the capital costs: growth creates value
- Operating margin
- 12%
Operating margin · Software - Infrastructure median 6.1% · 12 months to Q1 2026
- Cash conversion
- 2.76×
Cash conversion · 1.59× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- −8.3%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | −5.0% |
| FY2021 | −6.4% |
| FY2022 | −3.5% |
| FY2023 | 12% |
| FY2024 | 15% |
| FY2025 | 12% |
Details›
- Operating margin12 months to Q1 2026
- 12%
- Net margin12 months to Q1 2026
- 6.8%
- Free cash flow margin
- 19%
- R&D as % of revenue
- 15%
- Revenue, trailing twelve months
- $1.07B
- Free cash flow, trailing twelve months
- $199M
- Net income, trailing twelve months
- $72M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 31%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Software - Infrastructure
Ranks #66 of 78 by Smart Score