Payoneer (NASDAQ: PAYO) announced its Q1 2026 financial results, reporting $262 million in revenue, a 6% year-over-year increase. Excluding interest income, revenue grew 11%. The company achieved nearly $23 billion in total transaction volume, up 16% year-over-year, driven by strong demand for its cross-border payment solutions.

Key highlights include $3.9 billion in B2B volume (up 44% year-over-year), $11.6 billion from SMBs on marketplaces, and a 53% increase in Checkout volume to $264 million. Operating income was $30 million, with $20 million in net income, reflecting strong profitability and operational discipline.

Regional growth was solid, with Europe, Middle East and Africa revenue increasing 10%, Asia-Pacific up 14%, and North America growing 10%. Payoneer also raised its 2026 guidance, reflecting confidence in its growth strategy.

CEO John Caplan emphasized the company’s strong performance, highlighting the structural advantages of its platform and commitment to supporting Pakistan’s growing freelancer economy and SMBs in their global expansion.