Payoneer Global Inc. (NASDAQ:PAYO) shares jumped more than 7% on Wednesday after the cross-border payments company reported record quarterly revenue and raised its full-year guidance, despite missing analyst expectations for the third quarter.

The financial technology firm posted third-quarter revenue of $270.9 million, up 9% YoY, though falling short of the $263.37 million analyst consensus. Adjusted earnings came in at $0.04 per share, below the $0.06 expected by analysts.

Despite the earnings miss, investors focused on the company’s strong operational metrics and improved outlook.

Revenue excluding interest income grew 15% YoY to $211.4 million, driven by 9% volume growth and significant take rate expansion with SMB customers. The company processed $22.3 billion in transaction volume during the quarter, up 9% from the year-ago period.

“Payoneer delivered a record revenue quarter, and three consecutive quarters of mid-teens revenue growth ex. interest, demonstrating the strength of our business in the dynamic macro environment,” said John Caplan, Chief Executive Officer.

The company raised its full-year 2025 revenue guidance to $1.05-1.07 billion, in line with the consensus estimate of $1.05 billion, and increased its adjusted EBITDA forecast to $270-275 million.

Payoneer’s SMB customer revenue grew 17% YoY to $192 million, with B2B SMB revenue increasing 27% and Checkout revenue surging 49%. The company also reported record $1.6 billion of spend on Payoneer cards, up 19% YoY.

“We are raising our guidance for total revenue, reflecting consistent expectations for revenue ex. interest as we continue to navigate our business through a dynamic macro environment,” said Bea Ordonez, Chief Financial Officer.

The company accelerated its share repurchase program, buying back $45 million in shares during the quarter at an average price of $6.73, bringing year-to-date repurchases to $94 million.