Sunday 25 October 2026
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PayPay Corporation
PAYP Technology Software Infrastructure
PayPay Corporation’s revenue for fiscal 2026 (year ended March 2026) was $2.5 billion, up 27.3% from fiscal 2025.
15.02
0.19
−1.25%
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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 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Price, $ | |||||||||||||||||
| Price, $ | Low | — | — | — | — | — | — | — | — | — | 12.07 | — | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | |
| High | — | — | — | — | — | — | — | — | — | 24.89 | — | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ||
| People | |||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | 2,012 | 1,994 | (0.9%) | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | |
| Revenue/emp, $m | — | — | — | — | — | — | — | — | 0.98 | 1.26 | +28.4% | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ||
| Income, $m | |||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | — | 1,974 | 2,512 | +27.3% | 471,683 | 556,850 | 649,718 | +537.1% | |
| 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% | ||||||
| Depreciation | — | — | — | — | — | — | — | — | 141 | 168 | +19.1% | ||||||
| Per share, $ | |||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | — | — | — | 3.59 | 3.94 | +9.8% | |||||
| Earnings | — | — | — | — | — | — | — | — | 0.47 | 1.14 | +141.6% | ||||||
| Cash flow | — | — | — | — | — | — | — | — | 1.87 | 3.89 | +107.7% | ||||||
| Capex | — | — | — | — | — | — | — | — | (0.26) | (0.25) | (5.5%) | ||||||
| Free cash flow | — | — | — | — | — | — | — | — | 1.61 | 3.63 | +126.4% | ||||||
| Book value | — | — | — | — | — | — | — | — | 2.68 | 4.46 | +66.1% | ||||||
| Shares, m | — | — | — | — | — | — | — | — | 550 | 638 | +15.9% | ||||||
| Valuation, × | |||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | — | — | — | — | |||||
| P/S | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.0 | ||||||
| P/B | — | — | — | — | — | — | — | — | 5.56 | 6.54 | 6.0 | ||||||
| EV/Sales | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.0 | ||||||
| EV/FCF | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.0 | ||||||
| Cash, $m | |||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | — | — | 1,029 | 2,477 | +140.8% | |||||
| Capex | — | — | — | — | — | — | — | — | (146) | (160) | +9.5% | ||||||
| Free cash flow | — | — | — | — | — | — | — | — | 883 | 2,317 | +162.5% | ||||||
| Balance, $m | |||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | — | — | — | 455 | 1,377 | +202.4% | |||||
| Total debt | — | — | — | — | — | — | — | — | 2,637 | 3,729 | +41.4% | ||||||
| Net debt | — | — | — | — | — | — | — | — | (6,903) | (10,131) | +46.7% | ||||||
| Shareholders’ equity | — | — | — | — | — | — | — | — | 1,477 | 2,843 | +92.5% | ||||||
| Returns, % | |||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | — | — | — | 0.00 | 2.50 | +2.5 pt | |||||
| ROIC | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.0 pt | ||||||
| ROE | — | — | — | — | — | — | — | — | 0.00 | 35.15 | +35.2 pt | ||||||
Negative figures in brackets.
estimates
Fiscal years to Mar 2026 · latest quarter Jun 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. | $13.1B | 32.7× | 34.5× | +5.38% (above 0%: growing) | −23.61% (below 0%: shrinking) | −57.30% (below 0%: shrinking) | 55.81% | 7.30% | Compare |
| SAIL SailPoint, Inc. | $11.5B | — (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. | $10.8B | 36.9× | 182× | +28.57% (above 0%: growing) | −17.07% (below 0%: shrinking) | −63.43% (below 0%: shrinking) | 55.00% | 10.45% | Compare |
| PAYP PayPay Corporation | $10.2B | — | — | — | — | — | 100.00% | 27.20% | |
| GTLB GitLab Inc. | $9.1B | — (loss-making) | — (loss-making) | +21.31% (above 0%: growing) | n/m | −107.11% (below 0%: shrinking) | 84.06% | (19.89%) | 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 |
| ZETA Zeta Global Holdings Corp. | $8.4B | — (loss-making) | 326× | +43.55% (above 0%: growing) | n/m | +69.99% (above 0%: growing) | 59.12% | 3.82% | Compare |
| DBX Dropbox, Inc. | $8.2B | 20.7× | 21.4× | +0.93% (above 0%: growing) | −6.52% (below 0%: shrinking) | −10.29% (below 0%: shrinking) | 80.21% | 26.10% | 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 |
| Median of peers | $9.1B | 32.7× | 108× | +20.94% | −17.07% | −54.46% | 69.29% | (7.63%) |
PayPay Corporation (PAYP) Latest News
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