Flywire vs Payoneer Global
Payoneer Global is the larger business, with $1.05bn of revenue in fiscal 2025 against $623m for Flywire (1.7 times as much). Flywire grew faster (26.6% against 7.7%). Payoneer Global kept more of each dollar of sales as profit: a net margin of 7.0% against 2.2%. Payoneer Global carries less debt relative to equity (0.0% against 1.8%).
| Latest fiscal year | FlywireFLYW, 2025 | Payoneer GlobalPAYO, 2025 |
|---|---|---|
| Revenue | $623m | $1.05bn |
| Revenue growth | 26.6% | 7.7% |
| Net income | $13.5m | $73.2m |
| Operating margin | 1.8% | 11.8% |
| Net margin | 2.2% | 7.0% |
| Return on equity | 1.6% | 10.2% |
| Free cash flow | $98.8m | $207m |
| Cash | $330m | $416m |
| Total debt | $15.0m | $0 |
| Debt to equity | 1.8% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $174m |
| Employees | — | — |
| Market value | $2.33bn | $2.43bn |
| Price vs our value range | Within our value range | Below our value range |
| Moat score | 37 (Weak) | 23 (Weak) |
| Insider trades, 12 months | 3 buys, 53 sales | 0 buys, 1 sales |