PayPay
Connects Japanese mobile payments with cards, banking, lending, and securities investing.
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Profile
Combines barcode and QR payments with cards, banking, lending, and securities investing through a mobile platform centered on Japan. Operates across payment and financial-service activities, while execution depends on integrating subsidiaries and securely handling customer and transaction data.
Combines a Japanese code-payment app with credit cards, banking, lending, and securities investing in one mobile experience. Consumers use barcode and QR payments, while merchants access cashless acceptance and related services.
Built through the integration of PayPay Card, PayPay Bank, and PayPay Securities, the group connects everyday payments with broader financial products. Its app-centered model draws on the customer reach and operating capabilities of the SoftBank and Yahoo Japan ecosystem.
Operations are concentrated in Japan, where the platform was launched in 2018. Execution depends on integrating financial subsidiaries and maintaining secure, reliable handling of payments and customer data. SoftBank- and LY-linked shareholders retained concentrated ownership after the Nasdaq ADS listing.
Company facts
Categories
Key statistics
Year to date −15.8% · Average volume (30d) 814.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Target |
|---|---|---|---|---|---|
| Aug 25, 2026 | Wolfe Research | Reiterate | Outperform | $21 | |
| Aug 4, 2026 | Mizuho Securities | Target | $23 | ||
| Jul 23, 2026 | Morgan Stanley | Upgrade | Equal Weight | Overweight | $23 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 31, 2026Q1 FY26 | $0.15 | $0.17 | +13.3% | $688.5M | $689.5M | +0.1% | −5.97% |
| Jun 3, 2026Q4 FY25 | $0.14 | $0.13 | −7.7% | $694.0M | $653.9M | −5.8% | −7.68% |
| May 6, 2026Q4 FY25 | $0.10 | $0.13 | +30.0% | $694.0M | — | — | −9.78% |
| Feb 13, 2026Q3 FY25 | — | $0.18 | — | — | $638.2M | — | — |
Financial highlights
| 8 quarters | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $480.2M | $513.9M | $562.1M | $603.9M | $650.1M | $656.7M | |
| Gross profit | $412.3M | $446.5M | $493.7M | $534.7M | $343.1M | $583.2M | |
| Operating income | $45.8M | $91.3M | $128.0M | $156.8M | $121.4M | $184.9M | |
| Net income | $60.5M | $65.7M | $453.5M | $115.1M | $86.0M | $115.1M | |
| Diluted EPS | $0.00 | $0.10 | $0.00 | $0.19 | $0.13 | $0.17 | |
| Gross margin | 85.9% | 86.9% | 87.8% | 88.5% | 52.8% | 88.8% | |
| Operating margin | 9.5% | 17.8% | 22.8% | 26.0% | 18.7% | 28.2% |
Fiscal years (4-quarter sums)FY25 $2.33B
Revenue by product · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $3.06B · Total debt $4.79B · Total assets $34.32B · Shareholders' equity $2.58B
Dividends
No dividends on record.
Ownership
Shares outstanding 677.14M · Float 53.10M · 7.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 3.80M | 0.56% | 13F | May 13, 2026 |
| Alphabet Inc. | 3.13M | 0.46% | 13F | May 8, 2026 |
| Millennium Management LLC | 3.08M | 0.45% | 13F | May 15, 2026 |
| UBS Group AG | 2.63M | 0.39% | 13F | May 5, 2026 |
| Holocene Advisors, LP | 1.78M | 0.26% | 13F | May 15, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
Not reported.