Updated
PayPayPAYP · Technology
$14.91+2.54%
Market cap$10.1B
IndustrySoftware - Infrastructure
PayPay (PAYP) Financial statements
PayPay reported revenue of 380.7B JPY in fiscal 2026, up 22.3% a year over 2 years.
Key figures
Net income was 115.0B JPY and the operating margin 21.0%, against 0.0% in 2024. Free cash flow was 351.1B JPY, and the company returned 311M JPY in dividends.
- Revenue, FY2026
- 380.7B JPY+27.3% on 2025
- Net income
- 115.0B JPY+218.0% on 2025
- Operating margin
- 21.0%
- Free cash flow
- 351.1B JPY+162.5% on 2025
Financial statements
Fiscal 2024–2026, in JPY.
PayPay income statement, fiscal 2024–2026
| JPY | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 254.6B JPY | 299.1B JPY | 380.7B JPY |
| Operating income | 11M JPY | 35.5B JPY | 80.1B JPY |
| Pre-tax income | 11M JPY | 35.0B JPY | 79.9B JPY |
| Income tax | 841M JPY | -4.2B JPY | -37.9B JPY |
| Net income | -3.4B JPY | 36.2B JPY | 115.0B JPY |
| EPS (diluted) | -6.09 JPY | 65.76 JPY | 178.55 JPY |
| Operating margin | 0.0% | 11.9% | 21.0% |
| Net margin | -1.3% | 12.1% | 30.2% |
PayPay balance sheet, fiscal 2024–2026
| JPY | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Cash and short-term investments | 744.3B JPY | 369.8B JPY | 363.1B JPY |
| Property, plant and equipment | — | 14.5B JPY | 14.9B JPY |
| Goodwill | — | 15.2B JPY | 15.2B JPY |
| Total assets | — | 4.04T JPY | 5.18T JPY |
| Long-term debt | — | 399.6B JPY | 565.0B JPY |
| Total liabilities | — | 3.82T JPY | 4.75T JPY |
| Shareholders' equity | 191.3B JPY | 99.9B JPY | 394.2B JPY |
| Net debt | -744.3B JPY | 29.8B JPY | 201.9B JPY |
PayPay cash flow, fiscal 2024–2026
| JPY | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Operating cash flow | 50.0B JPY | 155.8B JPY | 375.3B JPY |
| Capital spending | 22.5B JPY | 22.1B JPY | 24.2B JPY |
| Free cash flow | 27.5B JPY | 133.8B JPY | 351.1B JPY |
| Stock-based compensation | 0 JPY | 0 JPY | 1.8B JPY |
| Dividends paid | 179M JPY | 283M JPY | 311M JPY |
| Net borrowing | 78.7B JPY | -75.6B JPY | -34.6B JPY |
| Free cash flow margin | 10.8% | 44.7% | 92.2% |
How PayPay compares
PayPay's operating margin is higher than 84% of Technology companies and 79% of the 2,820 companies with an operating margin figure.
| Higher than | Technology | All stocks |
|---|---|---|
| Operating margin | 84% | 79% |
| Net margin | 92% | 89% |
| Revenue growth | 74% | 81% |
| ROE | 86% | 89% |
| P/E | 19% | 34% |
Questions about PayPay
What was PayPay's revenue in 2026?
380.7B JPY in fiscal 2026, from its 10-K filing.
How much free cash flow does PayPay generate?
351.1B JPY in fiscal 2026 (operating cash flow minus capital spending).
From PayPay's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.