AKAM vs PAYP: Akamai Technologies and PayPay compared
Akamai Technologies is the larger company, worth $12.0B, close to PayPay's $10.1B.
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Akamai Technologies is the larger company, worth $12.0B, close to PayPay's $10.1B.
- PayPay grew revenue faster over the last year (+27.3% vs +6.2%).
- PayPay keeps more of each dollar of revenue as operating profit (21.0% vs 9.1%).
- On earnings, PayPay is the cheaper stock (13.9x vs 32.3x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | AKAM | PAYP |
|---|---|---|
| Market cap | $12.0B | $10.1B |
| Share price | $83.09 | $14.91 |
| Revenue (last fiscal year) | $4.2B | 380.7B JPY |
| Free cash flow (last fiscal year) | $699M | 351.1B JPY |
| Revenue growth, last year | +6.2% | +27.3% |
| Revenue growth per year, last 5 fiscal years | +5.0% | +22.3% |
| Operating margin | 9.1% | 21.0% |
| Net margin | 8.8% | 30.2% |
| Return on equity | 7.5% | 29.2% |
| P/E (trailing) | 32.3x | 13.9x |
| Price / free cash flow | 56.8x | 0.08x |
| EV / EBITDA | 14.8x | — |
| FCF growth the price implies | 3.0% | — |
| Dividend yield | — | — |
| Debt / equity | 1.47x | 1.43x |
| Fundamental grade | C | B |
| Superinvestors holding it | 15 | 6 |
| Insider purchases, last 12 months | 0 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Akamai Technologies
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $3.5B | $859M | 22.6% |
| 2022 | $3.6B | $816M | 18.7% |
| 2023 | $3.8B | $618M | 16.7% |
| 2024 | $4.0B | $834M | 13.4% |
| 2025 | $4.2B | $699M | 13.5% |
PayPay
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2024 | 254.6B JPY | 27.5B JPY | 0.00% |
| 2025 | 299.1B JPY | 133.8B JPY | 11.9% |
| 2026 | 380.7B JPY | 351.1B JPY | 21.0% |
Where the revenue comes from
Akamai Technologies · by regions, 2025
PayPay · by segments, 2026
Questions
Which is bigger, Akamai Technologies or PayPay?
Akamai Technologies (AKAM), at $12.0B against $10.1B.
Is AKAM or PAYP cheaper?
By trailing P/E, PayPay (13.9x) is cheaper than Akamai Technologies (32.3x). A lower multiple can also mean the market expects less growth.
Which grows faster, AKAM or PAYP?
PayPay: revenue grew +27.3% over the last year, against +6.2%.
More comparisons
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.