Sunday 15 November 2026
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PayPay Corporation
PAYPTechnology Software Infrastructure
PayPay Corporation’s revenue for fiscal 2026 (year ended March 2026) was $2.5 billion, up 27.3% from fiscal 2025.
14.35
0.17
+1.20%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to March
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM Sep ’26 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | — | 1,974 | 2,512 | — | +27.3% | 2,998 | 3,533 | 4,096 | +17.7% | |
| Gross margin, % | — | — | — | — | — | — | — | — | 100.00 | 100.00 | — | 0.0 pt | ||||||
| EBT | — | — | — | — | — | — | — | — | 231 | 528 | — | +128.7% | ||||||
| EBT margin, % | — | — | — | — | — | — | — | — | 11.69 | 21.00 | — | +9.3 pt | ||||||
| Net income | — | — | — | — | — | — | — | — | 231 | 528 | — | +128.7% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | — | — | — | 3.59 | 3.94 | 0.00 | +9.8% | |||||
| Earnings | — | — | — | — | — | — | — | — | 0.47 | 1.14 | — | +141.6% | ||||||
| Cash flow | — | — | — | — | — | — | — | — | 1.87 | 3.89 | 6.14 | +107.7% | ||||||
| Capex | — | — | — | — | — | — | — | — | (0.26) | (0.25) | (0.12) | (5.5%) | ||||||
| Free cash flow | — | — | — | — | — | — | — | — | 1.61 | 3.63 | 6.02 | +126.4% | ||||||
| Book value | — | — | — | — | — | — | — | — | 2.68 | 4.46 | 4.31 | +66.1% | ||||||
| Shares, m | — | — | — | — | — | — | — | — | 550 | 638 | — | +15.9% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | — | — | — | — | — | |||||
| P/S | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.0 | ||||||
| P/B | — | — | — | — | — | — | — | — | 5.56 | 6.54 | 3.34 | 6.0 | ||||||
| EV/Sales | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.0 | ||||||
| EV/FCF | — | — | — | — | — | — | — | — | 0.00 | 0.00 | (0.07) | 0.0 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | — | — | 1,029 | 2,477 | 4,162 | +140.8% | |||||
| Capex | — | — | — | — | — | — | — | — | (146) | (160) | (84) | +9.5% | ||||||
| Free cash flow | — | — | — | — | — | — | — | — | 883 | 2,317 | 4,077 | +162.5% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | — | — | — | 455 | 1,377 | 1,526 | +202.4% | |||||
| Net debt | — | — | — | — | — | — | — | — | (6,903) | (10,131) | (10,017) | +46.7% | ||||||
| Shareholders’ equity | — | — | — | — | — | — | — | — | 1,477 | 2,843 | 2,916 | +92.5% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | — | — | — | 0.00 | 2.50 | — | +2.5 pt | |||||
| ROIC | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.0 pt | ||||||
| ROE | — | — | — | — | — | — | — | — | 0.00 | 35.15 | — | +35.2 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | 2,012 | 1,994 | — | (0.9%) | |||||
| Revenue/emp, $m | — | — | — | — | — | — | — | — | 0.98 | 1.26 | — | +28.4% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Mar 2026 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026
PayPay Corporation vs peers in Software Infrastructure (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| AKAM Akamai Technologies, Inc. | $12.5B | 31.9× | 33.2× | +6.38% (above 0%: growing) | −17.35% (below 0%: shrinking) | −169.74% (below 0%: shrinking) | 55.02% | 9.69% | Compare |
| SAIL SailPoint, Inc. | $11.8B | — (loss-making) | — (loss-making) | +16.82% (above 0%: growing) | n/m | −18.60% (below 0%: shrinking) | 66.51% | (19.09%) | Compare |
| DOCN DigitalOcean Holdings, Inc. | $10.6B | 206× | 444× | +39.87% (above 0%: growing) | n/m | +85.62% (above 0%: growing) | 50.15% | 10.28% | Compare |
| PAYP PayPay Corporation | $9.5B | — | — | — | — | — | 100.00% | 28.08% | |
| ZETA Zeta Global Holdings Corp. | $9.4B | 238× | 149× | +46.12% (above 0%: growing) | n/m | +71.78% (above 0%: growing) | 60.29% | 9.33% | Compare |
| NTSK Netskope Inc. | $9.1B | — (loss-making) | — (loss-making) | +29.15% (above 0%: growing) | n/m | −51.62% (below 0%: shrinking) | 73.92% | (40.72%) | Compare |
| GTLB GitLab Inc. | $7.9B | — (loss-making) | — (loss-making) | +21.31% (above 0%: growing) | n/m | −107.11% (below 0%: shrinking) | 84.06% | (19.89%) | Compare |
| S SentinelOne, Inc. | $7.8B | — (loss-making) | — (loss-making) | +20.56% (above 0%: growing) | n/m | −83.92% (below 0%: shrinking) | 72.07% | (31.08%) | Compare |
| DBX Dropbox, Inc. | $7.3B | 17.8× | 18.4× | +0.46% (above 0%: growing) | +13.21% (above 0%: growing) | −14.27% (below 0%: shrinking) | 80.61% | 27.49% | Compare |
| Median of peers | $9.2B | 119× | 91.1× | +20.94% | — | −35.11% | 69.29% | (4.88%) |
PayPay Corporation (PAYP) Latest News
What happened
- Do Options Traders Know Something About PayPay Stock We Don't? Zacks
- PayPay (PAYP) Unveils Capital Alliance To Link Digital Payments With Store Shopping
- PayPay Corp (PAYP) (Q1 2026) Earnings Call Highlights: Revenue Surges 27% and EBITDA Soars 59%
- Seven & i secures Y300bn from PayPay, SoftBank and Sumitomo Mitsui retail-insight-network.com
- Seven & i mulls stake sale to SoftBank and PayPay – report retail-insight-network.com
- 7-Eleven Owner Drops Go-It-Alone Strategy for SoftBank Embrace
- Update: Market Chatter: PayPay, SoftBank Eye Stake in Seven & i to Expand AI, Digital Payments
- PayPay’s (PAYP) Subsidiary to Acquire 70% Stake in T&D Financial Life Insurance
- PayPay (PAYP), T&D Holdings Form AI-Driven Insurance and Fintech Alliance
- PayPay to buy majority stake in T&D Financial Life lifeinsuranceinternational.com
4 more headlines
- SoftBank Eyes Seven & i Stake
- SoftBank Considers Stake in Seven & i to Boost AI, Payments
- Anthony, Linder & Cacomanolis Releases Strategic Analysis on PayPay IPO; Transaction Solidifies "Japan Corridor" to U.S. Capital Markets
- This payments stock gets fresh Buy ratings on Japan’s cashless opportunity