PayPay Corporation

PayPay Corporation

PAYP
PayPay CorporationUS flagNASDAQ Global Select
17.05
USD
-1.65
- -
11.54BMarket Cap
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
294.95
370.93
436.77
405.86
Basic EPS, GAAP
-38.67
-5.01
54.1
153.24
Free Cash Flow per Basic Share
-335.14
41.1
200.06
675.17
Dividend per Share
7.37
0.27
0.42
0.47
Book Value per Share
81.05
75.77
129.44
- -
Tangible Book Value per Share
187.06
178.94
213.73
- -
Basic Weighted Avg Shares
669
669
669
662
Sales/Revenue/Turnover
197,212
248,011
292,037
268,876
Operating Margin (%)
-3.34
5.76
20.13
22.54
Depreciation Expense
14,655
18,591
21,391
18,794
Net Income, GAAP
-25,856
-3,350
36,170
101,521
Effective Tax Rate (%)
- -
7,645.45
- -
54.05
Profit Margin (%)
-13.11
-1.35
12.39
37.76
Working Capital
1,969,340
-1,219,455
-1,728,504
- -
LT Debt
503,238
233,505
206,958
- -
Total Equity
191,540
191,251
223,731
- -
Return on Invested Capital (%)
- -
-143.54
- -
- -
Return on Capital (%)
- -
-20.7
- -
36.52
Return on Common Equity (%)
- -
-6.39
52.72
234.6

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
- -
115,000
- -
LT Borrowings
- -
453,309
- -
LT Finance Leases
- -
10,115
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
669
- -
Market Capitalization
- -
- -
2,244,771

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
- -
3,208,475
- -
Cash, Cash Equivalents & STI
- -
2,111,778
- -
Accounts Receivable, Net
- -
113,486
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
1,333,813
- -
Payables & Accruals
- -
1,218,813
- -
ST Debt
- -
115,000
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
16.98%
Free Cash Flow
- -
- -
386.76%
Net Income, GAAP
- -
- -
-1,179.7%
Sales/Revenue/Turnover
- -
- -
17.75%
Total Cash Common Dividend
- -
- -
58.1%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
248,011
2025
67,191
69,469
78,511
76,866
292,037
2026
82,251
89,969
96,656
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
-5.01
2025
7.04
13.87
18.69
- -
54.1
2026
15.72
108.56
27.56
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.27
2025
0.42
- -
- -
- -
0.42
2026
0.47
- -
- -
- -
- -

Company Description

APIChat
CEO
Ichiro Nakayama
Full Time Employees
2,012
Sector
Technology
Industry
Software - Infrastructure
Address
Yotsuya Tower Shinjuku Japan 160-0004
IPO Date
Mar 12, 2026
Business
PayPay Corporation (Ticker: PAYP) operates as a leading fintech company in Japan, primarily providing mobile payment and digital financial services through its proprietary QR code-based PayPay app. The company offers a comprehensive suite of products and services, including peer-to-peer and merchant payments via QR codes and barcodes; digital wallet functionalities for storing payment methods, loyalty points, and coupons; online payment solutions for e-commerce platforms; remittance services for domestic and international transfers; investment products such as micro-investing in stocks and funds; insurance offerings including travel, life, and auto policies; and banking services like savings accounts and loans through integrated partnerships. PayPay serves individual consumers, small and medium-sized enterprises (SMEs), and large corporations across retail, e-commerce, and bill payment sectors, with primary operations concentrated in Japan and expanding digital services into select Southeast Asian markets. Founded in 2016 as a joint venture between SoftBank Corp. and Yahoo Japan (now part of LY Corporation), the company is headquartered in Tokyo, Japan, and functions as a subsidiary under the PayPay Group umbrella. In recent developments, PayPay Corporation completed a significant funding round in early 2025, raising approximately JPY 300 billion from SoftBank and strategic investors to fuel AI-driven personalization and cross-border expansion; announced a major partnership with Rakuten in late 2025 to integrate loyalty programs and expand merchant acceptance; launched PayPay Bank 2.0 in Q1 2026, introducing robo-advisory investment tools and instant loan approvals powered by machine learning; and acquired a 51% stake in a Vietnamese fintech startup in February 2026 to enter the Southeast Asian remittances market, marking its first major overseas acquisition. These initiatives reflect PayPay's strategic shift toward becoming a full-stack super app, enhancing user retention through embedded finance and preparing for an anticipated IPO of its American Depository Shares (ADS) on the NYSE under ticker PAYP later in 2026.

Company News

APIChat
  • Anthony, Linder & Cacomanolis Releases Strategic Analysis on PayPay IPO; Transaction Solidifies "Japan Corridor" to U.S. Capital Markets

  • IPO Stock Of The Week: Japan-Based PayPay Nears First Buy Point As Public Company

  • PayPay Corporation’s Quiet Period To Expire on April 21st (NASDAQ:PAYP)

  • PayPay To Generate 'Outsized Earnings Growth' For 5-10 Years: Analysts

  • Here Are Monday’s Top Wall Street Analyst Research Calls: Avis Budget, Carvana, Dow, Kratos Defense, Netflix, Northern Trust, PayPay,Twilio, Tyson Foods and More

  • PayPay's IPO Payday: A Roaring Start in a Quiet Market

  • PayPay: It Is Time To Buy Japan's Fintech Champion

  • Here Are Monday’s Top Wall Street Analyst Research Calls: Alnylam Pharmaceuticals, Circle Internet, Fifth Third Bancorp, Intuit, ServiceNow, Qualcomm, Trade Desk, and More

  • U.S. IPO Weekly Recap: PayPay Prices US IPO Below The Range But Climbs 32%

  • PayPay Stock Surges Amid Post-IPO Fluctuations

  • PayPay Jumps 14% After $879.8M US IPO Debut

  • SoftBank's PayPay set for hotly anticipated Nasdaq debut after raising $880 million

  • PayPay Eyes Lower IPO Price Amid Market Turbulence

  • Exclusive: SoftBank's PayPay prices IPO below range at $16 a share, sources say

  • SoftBank's PayPay plans to price IPO around low end of range, sources say

  • SoftBank Group's PayPay Targets $13.4 Billion Valuation in U.S. IPO

  • Geopolitical drama reportedly stalls IPO of SoftBank-backed PayPay

  • PayPay, backer aim to raise roughly $1.1 billion in US IPO

  • Exclusive: SoftBank's PayPay delays IPO roadshow launch, sources say, as Iran attack rattles markets

  • Exclusive: QIA, Visa and ADIA set to anchor SoftBank's PayPay IPO, sources say