12:45 PM EDT, 08/06/2025 (MT Newswires) -- Payoneer Global ( PAYO ) provided an upbeat full-year revenue outlook Wednesday amid easing tariff concerns, while the digital payments company recorded mixed second-quarter results.
Revenue is expected in a range of $1.04 billion to $1.06 billion for 2025, compared with the current consensus on FactSet of $1.01 billion.
The company's shares were up nearly 14% in Wednesday afternoon trade. The stock has lost 27% in value so far this year.
"Given our strong performance in the first half of the year, our visibility into the third quarter and a less severe tariff environment, particularly between the US and China, we are reinstating 2025 guidance," Payoneer Chief Financial Officer Bea Ordonez said during an earnings conference call, according to a FactSet transcript. "We expect our growth rate for revenue, excluding interest income, to be fairly consistent from (the third quarter) to (the fourth)."
The company's second-quarter net income declined to $0.05 a share from $0.09 a year earlier, missing Wall Street's view for $0.06. Revenue increased 9% to $260.6 million, ahead of the average analyst estimate of $253.2 million. Volume climbed 11% to $20.7 billion.
"Global commerce is resilient and it continues to grow and evolve," Chief Executive John Caplan told analysts. "In China, we see long-term momentum and growth in cross-border commerce."
On Tuesday, US President Donald Trump told CNBC in an interview that his administration was "getting very close to a deal" with China. Last week, the US and China concluded trade talks in Stockholm, Sweden. Trump must sign off on a potential extension of a tariff pause between the two sides, according to media reports.
Payoneer suspended its full-year outlook in May due to an uncertain global macro and trade environment at the time. Earlier in the year, the company said it anticipated revenue to come in between $1.04 billion and $1.05 billion.
"For the second half of 2025, we anticipate high-single-digit growth in total volume and expect that our strategic focus on higher take rate products and geographies and pricing initiatives will enable us to continue to deliver yield expansion and revenue growth that outpaces volume growth," Ordonez said Wednesday.
Payoneer saw "modest softening" in volumes from large e-commerce marketplaces in the quarter, likely in response to the macro and tariff backdrop, Ordonez said on the call. Enterprise payout's volume moved 15% higher annually, mainly due to robust demand in the key travel routes the firm serves, Ordonez added.
Payoneer said its board recently approved an increased $300 million share repurchase program, effective through Dec. 31, 2027.
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