Loading…
Japan's largest mobile payment/QR-code app, backed by SoftBank/LY Corporation (Yahoo Japan), offering payments, lending and financial services via smartphone.
Japan's largest mobile payment/QR-code app, backed by SoftBank/LY Corporation (Yahoo Japan), offering payments, lending and financial services via smartphone.
Takes a fee from merchants on payments made through the app, a charge it introduced for small shops after years of subsidized growth, and earns more from lending and card services sold to its large user base. The app began in 2018 as a joint venture of SoftBank and Yahoo Japan, using technology from India's Paytm.
In one line: A Japanese Venmo/Alipay hybrid.
Moat: narrow (network effects, scale, distribution). Largest mobile-payment user/merchant network in Japan, backed by SoftBank/Yahoo Japan ecosystem distribution.
Headquarters: Tokyo, Japan · Founded: 2018 · Employees: 4,567
Size PayPay Corporation Sponsored ADR (PAYP) is a United States Financials company (Miscellaneous Commercial Services) with a market value of $9.97B, the 778th largest of 3,117 United States companies the cockpit tracks. Shares closed at $14.91 on 6 Nov 2026.
Performance Over six months the shares fell 24.0%, against +8.3% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 11 in its peer set.
Growth Revenue grew 28.8% over the last twelve months (peer median +22.1%); the operating margin is 23.6% (peer median 10.7%).
Valuation It trades at 16.9× forward earnings against a peer median of 16.1× (6th cheapest of 11).
Short interest Short interest is 0.5% of the free float (15 Oct 2026).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.58B | $2.53B | $1.96B | $1.76B | $1.49B |
| Revenue growth | — | +29% | +11% | +19% | — |
| Gross profit | $1.51B | $1.45B | $1.02B | $802M | $555M |
| EBITDA | $755M | $701M | $373M | $129M | -$43.5M |
| Net income | $814M | $763M | $237M | -$23.2M | -$191M |
| Free cash flow | n/a | $1.80B | $686M | $903M | -$1.05B |
| Capital expenditure | n/a | $161M | $145M | $156M | $217M |
| Total debt | $4.71B | $3.61B | $2.75B | $4.04B | $3.78B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| PayPay Corporation Sponsored ADR PAYP | $9.97B | -24% | +29% | 24% | 16.9× | n/a |
| Rakuten 4755.T | $8.59B | -18% | +11% | 6% | n/a | -2.0% |
| Ntt 9432.T | $86.6B | +5% | +8% | 12% | 12.7× | n/a |
| Kddi 9433.T | $66.4B | +10% | +4% | 18% | 14.2× | -1.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PAYP | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.5% | +8.0% | 3rd lowest of 11 |
| 6-month return | -24.0% | +8.3% | lowest of 11 |
| Distance from 52-week high | -40.1% | -17.9% | 3rd lowest of 11 |
| Revenue growth (TTM) | +28.8% | +22.1% | 4th highest of 11 |
| Operating margin | 23.6% | 10.7% | 3rd highest of 11 |
| Forward P/E | 16.9× | 16.1× | 6th cheapest of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| PayPay Corporation Sponsored ADR PAYP | United States | $9.97B | -24% | +29% | 24% | 16.9× | n/a | n/a |
| Wise WSE | United States | $13.2B | -23% | +20% | 22% | 17.4× | n/a | n/a |
| WEX WEX | United States | $5.99B | +29% | +10% | 27% | 8.0× | n/a | n/a |
| Klarna KLAR | United States | $5.13B | -6% | +34% | -1% | 106.5× | n/a | n/a |
| Remitly Global RELY | United States | $4.72B | -7% | +24% | 10% | 22.7× | n/a | n/a |
| Paymentus PAY | United States | $3.70B | +20% | +26% | 8% | 32.3× | n/a | n/a |
| Shift4 Payments FOUR | United States | $3.47B | +3% | +32% | 10% | 8.4× | n/a | n/a |
| Corpay CPAY | United States | $29.9B | +32% | +20% | 46% | 14.7× | n/a | n/a |
| Fiserv FISV | United States | $33.4B | +13% | -2% | 19% | 8.2× | n/a | n/a |
| Euronet Worldwide EEFT | United States | $2.65B | +3% | +5% | 11% | 6.2× | n/a | n/a |
| Flywire FLYW | United States | $2.62B | +25% | +31% | 9% | 33.9× | n/a | n/a |