PayPay Corp (PAYP)
PayPay Corporation is a leading Japanese financial technology firm that delivers a comprehensive digital finance platform. This platform offers a wide array of user-friendly payment solutions and various other financial services across Japan. The company's operations are strategically divided into two main segments: Payment and Financial Services. The Payment division is primarily responsible for facilitating transaction settlements and related functionalities, predominantly via its popular PayPay mobile application. Additionally, this segment provides credit options, including revolving credit, installment payment schemes, and instant cash advances. Conversely, the Financial Services division encompasses a diverse portfolio of offerings such as online banking, securities brokerage, investment services tied to PayPay Points, and comprehensive loan management. Its extensive suite of services covers numerous payment methods—from direct and balance-based payments to credit and linked account payments, utility bill and tax payments, and merchant acquiring services. On the financial side, it includes digital banking, deposit accounts and remittance, various lending products, securities trading (including digital securities, app-based investment, automated investing, and CFD trading), foreign exchange transactions, and sophisticated asset and loan management capabilities, often integrated with its proprietary credit engine. Beyond its core financial offerings, PayPay also provides additional value-added services for both individual users and business clients, such as insurance products and marketing solutions for merchants. All these services are offered under the widely recognized PayPay brand. Founded in 2018, PayPay Corporation is headquartered in Shinjuku, Japan.
Sector: Services-Business Services, NEC
Industry: Software - Infrastructure
PayPay Corporation
No splits on record
Nothing in PAYP's public trading history: no forward or reverse split has affected the share count.
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
| Revenue | $2.56B | $1.85B | $1.57B | $1.25B |
| YoY Growth | 38.2% | 17.8% | 25.8% | - |
| Cost of Revenue | $1.26B | $262.64M | $239.09M | $192.95M |
| Gross Profit | $1.29B | $1.59B | $1.33B | $1.06B |
| Gross Margin | 50.6% | 85.8% | 84.8% | 84.5% |
| Research and Development | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $250.07M | $292.87M | $284M |
| Other | $755.83M | $1.11B | $1.04B | $901.74M |
| Total Operating Expenses | $755.83M | $1.36B | $1.33B | $1.19B |
| Operating Income (EBIT) | $537.6M | $224.82M | $70K | -$130.09M |
| Operating Margin | 21.0% | 12.2% | 0.0% | -10.4% |
| Interest Expense | $0 | $26.93M | $12.23M | $9.59M |
| Interest Income | $781.99M | $0 | $0 | $0 |
| Other Income (Expense) | -$920K | -$3.48M | $0 | $0 |
| Income Before Tax (EBT) | $536.68M | $221.35M | $70K | -$130.09M |
| Income Tax Expense | -$254.19M | -$26.57M | $5.32M | $27.84M |
| Net Income | $772.23M | $229M | -$21.21M | -$163.7M |
| Net Income Margin | 30.2% | 12.4% | -1.4% | -13.1% |
| Supplementary Data | ||||
| EPS | 191.74 | 0.00 | 0.00 | 0.00 |
| Diluted EPS | 188.54 | 0.00 | 0.00 | 0.00 |
| Weighted Average OS | 637.58M | 629.33M | 629.33M | 629.33M |
| EBITDA | $707.74M | $383.71M | $130M | -$27.72M |
| EBITDA Margin | 27.7% | 20.8% | 8.3% | -2.2% |
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
| Assets | ||||
| Current Assets | ||||
| Cash and Cash Equivalents | $2.31B | $2.34B | $4.7B | $5.44B |
| Short-Term Investments | $0 | $1.55B | $1.27B | $3.08B |
| Cash and Short-Term Investments | $2.31B | $3.89B | $5.97B | $8.52B |
| Accounts Receivable | $17.19B | $6.32B | $5.52B | $9.52B |
| Inventory | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $1.59B | $2.09B | $0 |
| Total Current Assets | $19.5B | $11.8B | $13.58B | $19.82B |
| Long-Term Assets | ||||
| Property, Plant & Equipment Net | $172.03M | $185.45M | $148.07M | $152.13M |
| Goodwill | $0 | $95.96M | $62.8M | $62.8M |
| Intangible Assets | $519.02M | $415.79M | $390.57M | $358M |
| Long-Term Investments | $11.13B | $5.41B | $3.74B | $0 |
| Deferred Tax Assets | $682.13M | $312.71M | $216.91M | $184.86M |
| Other Long-Term Assets | $916.56M | $7.37B | $5.97B | $237.92M |
| Total Long-Term Assets | $13.41B | $13.79B | $10.52B | $995.7M |
| Other Assets | $0 | $0 | $0 | $0 |
| Total Assets | $32.91B | $25.59B | $24.1B | $20.82B |
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts Payable | $0 | $6.01B | $5.12B | $4.26B |
| Short-Term Debt | $2.25B | $1.28B | $2.38B | $0 |
| Current Income Tax Payable | $0 | $41.01M | $26.02M | $17.34M |
| Current Unearned Revenue | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $15.39B | $13.76B | $0 |
| Total Current Liabilities | $2.25B | $22.74B | $21.3B | $4.28B |
| Long-Term Liabilities | ||||
| Long-Term Debt | $1.34B | $1.25B | $1.44B | $3.13B |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $1.31M | $2.39M | $620K | $0 |
| Other Long-Term Liabilities | $26.52B | $119.8M | $112.44M | $12.14B |
| Total Long-Term Liabilities | $27.92B | $1.43B | $1.59B | $15.33B |
| Other Liabilities | $0 | $0 | $0 | $0 |
| Total Liabilities | $30.17B | $24.18B | $22.89B | $19.61B |
| Stockholders' Equity | ||||
| Preferred Stock | $0 | $0 | $0 | $0 |
| Common Stock | $1.28B | $578.89M | $596.28M | $737.29M |
| Retained Earnings | $698.62M | -$30.94M | -$275.51M | -$394.18M |
| Comprehensive Income & Other | -$19.43M | -$2.4M | -$753K | -$684K |
| Other Stockholders' Equity | $532.06M | $84.51M | $91.79M | $113.1M |
| Total Equity | $2.51B | $632.46M | $412.56M | $456.21M |
| Minority Interest | $232.61M | $784.04M | $798.3M | $756.48M |
| Total Liabilities and Equity | $32.68B | $24.81B | $23.3B | $20.06B |
| Supplementary Data | ||||
| Total Debt | $3.65B | $2.61B | $3.87B | $3.19B |
| Net Debt | $1.34B | $269.7M | -$834.08M | -$2.25B |
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
| Operating Activities | ||||
| Net Income | $772.23M | $221.35M | $70K | -$130.09M |
| Depreciation & Amortization | $171.06M | $135.43M | $117.7M | $92.78M |
| Deferred Income Tax | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||
| Accounts Receivable | -$3.84B | -$2.21B | -$1.77B | -$2.61B |
| Inventory | $0 | $0 | $0 | $0 |
| Accounts Payable | $1.17B | $921.56M | $827.77M | $125.36M |
| Other Working Capital | $3.89B | $1.95B | $1.16B | $1.31B |
| Total Working Capital Change | $1.22B | $661.39M | $223.47M | -$1.17B |
| Other Non-Cash Items | -$302.88M | -$31.45M | -$24.84M | -$24.48M |
| Net Cash from Operating | $1.86B | $986.72M | $316.4M | -$1.23B |
| Investing Activities | ||||
| Capital Expenditures | -$162.4M | -$30.53M | -$29.02M | -$65.11M |
| Acquisitions | $0 | -$45.07M | $0 | $29.1M |
| Purchases of Investments | -$5.8B | -$2.93B | -$6.57B | -$3.93B |
| Sales of Investments | $1.27B | $1.13B | $5B | $5.3B |
| Other Investing Activities | -$15.45M | -$143.13M | -$134.39M | -$126.25M |
| Net Cash from Investing | -$4.71B | -$2.03B | -$1.73B | $1.2B |
| Financing Activities | ||||
| Debt Repaid | $232.29M | $496.48M | -$482.88M | $169.59M |
| Common Stock Issuance | $1.46B | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | -$1.79M | -$1.13M | -$31.21M |
| Other Financing Activities | $229.94M | -$18.51M | $11.65M | -$134.84M |
| Net Cash from Financing | $2.8B | -$1.33B | $683.33M | $202.51M |
| Forex Effect | -$147.45M | -$374K | $3.09M | $2.65M |
| Net Change in Cash | -$192.96M | -$2.37B | -$728.03M | $175.48M |
| Supplementary Data | ||||
| Operating Cash Flow | $1.86B | $986.72M | $316.4M | -$1.23B |
| Capital Expenditure | -$42.76M | -$139.83M | -$142.42M | -$186.02M |
| Free Cash Flow | $1.82B | $846.89M | $173.98M | -$1.42B |
| Cash at Beginning | $2.5B | $4.71B | $5.44B | $5.27B |
| Cash at End | $2.31B | $2.34B | $4.71B | $5.44B |