Payoneer Global (PAYO) FY2023 results: revenue $831 million, up 32.4% on the year
Payoneer Global Inc. (PAYO) reported revenue of $831 million for fiscal 2023, the year ended 31 December 2023, up 32.4% on the year before. Net income was $93 million, and diluted earnings per share $0.24. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2024.
Revenue
$831 million
+32.4% on the year
FY2019FY2023
Operating margin
12.5%
-3.5% a year earlier
FY2019FY2023
Net income
$93 million
FY2019FY2023
Diluted EPS
$0.24
FY2019FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
159
84.0
20.0
+90.0%
Capital expenditure
8.5
10.5
6.9
-19.5%
Free cash flow
151
73.5
13.1
+105.6%
Free cash flow margin
18.2%
11.7%
2.8%
Cash from investing
-44.3
5.7
10.2
Cash from financing
512
1,461
1,396
-65.0%
Depreciation and amortisation
27.8
20.9
18.0
+33.3%
Share-based compensation
65.8
52.1
37.0
+26.1%
Buybacks
55.4
n/a
n/a
Diluted shares, weighted
393m
348m
203m
+12.8%
Shares outstanding at period end
358m
353m
340m
+1.3%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
664
545
487
+21.8%
Debt
18.4
16.1
13.7
+14.1%
Operating lease liabilities
n/a
6.5
4.1
Other liabilities
6,600
6,027
4,574
+9.5%
Total liabilities and equity
7,283
6,595
5,079
+10.4%
Fixed assets
15.5
14.4
12.1
+7.7%
Goodwill
19.9
19.9
21.1
0.0%
Intangible assets
76.3
45.4
37.5
+67.8%
Cash and equivalents
617
543
466
+13.6%
Receivables
8.0
12.9
13.8
-38.0%
Other assets
6,546
5,959
4,528
+9.9%
Total assets
7,283
6,595
5,079
+10.4%
10-K for the year ended 31 December 2023, filed 28 February 2024: the filing.