PayPay Corporation

PayPay Corporation

PAYP
PayPay CorporationUS flagNASDAQ Global Select
17.04
USD
+0.11
- -
11.54BMarket Cap
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
294.95
370.93
436.77
576.43
787.85
Basic EPS, GAAP
-38.67
-5.01
54.1
180.42
248.13
Free Cash Flow per Basic Share
-335.14
41.1
200.06
550.68
425.26
Dividend per Share
7.37
0.27
0.42
0.49
- -
Book Value per Share
107.77
97.46
149.4
582.28
610.53
Tangible Book Value per Share
8.36
-9.64
28.52
461.71
490.03
Basic Weighted Avg Shares
669
669
669
638
496
Sales/Revenue/Turnover
197,212
248,011
292,037
367,529
390,383
Operating Margin (%)
-3.03
6.28
20.55
28.66
30.82
Depreciation Expense
14,655
18,591
21,391
25,482
26,015
Net Income, GAAP
-25,856
-3,350
36,170
115,034
122,951
Effective Tax Rate (%)
- -
7,645.45
- -
- -
79.11
Profit Margin (%)
-13.11
-1.35
12.39
31.3
31.49
Working Capital
1,969,340
-1,219,455
-1,610,526
-2,170,208
2,216,807
LT Debt
503,238
233,505
324,936
499,183
679,003
Total Equity
191,540
191,251
223,731
430,761
449,927
Return on Invested Capital (%)
- -
-156.32
- -
- -
- -
Return on Capital (%)
- -
-20.25
- -
- -
51.01
Return on Common Equity (%)
- -
-4.88
43.83
46.57
40.41

Capital Structure

FRC

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
115,000
75,322
87,000
LT Borrowings
453,309
491,956
670,093
LT Finance Leases
10,115
7,227
8,910
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
669
677
677
Market Capitalization
- -
2,293,781
1,577,976

Working Capital

FRC

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
3,208,475
2,053,580
3,390,434
Cash, Cash Equivalents & STI
2,111,778
736,577
490,390
Accounts Receivable, Net
113,486
90,557
95,472
Inventories
- -
- -
- -
Total Current Liabilities
1,333,813
4,223,788
1,173,627
Payables & Accruals
1,218,813
1,135,411
1,086,627
ST Debt
115,000
75,322
87,000
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
92.54%
Free Cash Flow
- -
- -
162.48%
Net Income, GAAP
- -
- -
218.04%
Sales/Revenue/Turnover
- -
- -
25.85%
Total Cash Common Dividend
- -
- -
9.89%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
67,191
69,469
78,511
76,866
292,037
2026
82,251
89,969
96,656
98,653
367,529
2027
105,105
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
7.04
13.87
18.69
- -
54.1
2026
15.72
108.56
27.56
20.98
180.42
2027
27,214.02
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.42
- -
- -
- -
0.42
2026
0.47
- -
- -
- -
0.49
2027
- -
- -
- -
- -
- -

Company Description

CEO
Ichiro Nakayama
Full Time Employees
1,994
Sector
Technology
Industry
Software - Infrastructure
Address
Yotsuya Tower Tokyo TY 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

  • PayPay: Inorganic Moves To Capture Structural Tailwinds

  • Does Paypay (PAYP) Have the Potential to Rally 47.37% as Wall Street Analysts Expect?

  • ValueAct Capital's Top Q2 2026 Move: Rocket Companies Inc at a 3.76% Portfolio Impact

  • PayPay Corporation (PAYP) Q1 2027 Earnings Call Transcript

  • Comparing PayPay (NASDAQ:PAYP) & WithSecure Oyj (OTCMKTS:FSOYF)

  • SoftBank, PayPay in talks to invest in Seven & i, Bloomberg reports

  • PayPay: Japan's Emerging Financial Super App

  • 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