PayPay revenue and financials
$15.51Change from previous close: +1.64%Absolute change: +$0.25
In the fiscal year ended March 2026, PayPay reported revenue of ¥378.41B (+27.08% year over year). Net income was ¥115.03B, a net margin of 30.4%.
Fiscal year ending in March. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +27.08%
- FY to Mar 2026 vs FY to Mar 2025
- Net income growth
- +218.04%
- FY to Mar 2026 vs FY to Mar 2025
- Net margin
- 30.4%
- FY to Mar 2025: 12.1%
Financial data
Amounts in millions of JPY; per-share values in JPY; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -54,252 | -90,517 | 338,243 | 40,580 | 86,991 | -146,155 | 231,582 | 82,508 | -12,086 |
| Depreciation and amortization | 6,648 | -8,742 | 6,513 | 6,166 | 6,115 | -6,776 | 5,350 | 5,121 | 4,963 |
| Capital expenditure | -1,709 | -1,398 | -1,396 | -1,508 | -2,067 | -1,648 | -1,026 | -762 | -1,386 |
| Investing cash flow | -9,157 | -144,885 | -239,578 | -106,292 | -138,072 | -81,459 | -77,588 | -52,542 | -108,388 |
| Financing cash flow | 191,404 | 92,252 | 20,916 | -68,096 | 201,680 | -93,496 | -54,316 | 28,706 | -91,219 |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | -311 | — | — | -1.0 | -282 |
| Share repurchases | -146 | — | — | -293 | — | — | — | — | — |
| Debt issued | 300,537 | -268,608 | 499,040 | 227,585 | 464,565 | 214,800 | 307,800 | 186,900 | 132,800 |
| Debt repaid | -108,987 | 264,669 | -478,124 | -295,388 | -251,104 | -308,296 | -361,710 | -158,194 | -221,218 |
| Effect of exchange rates | 9.0 | 3.0 | 66.0 | 27.0 | -46.0 | -155 | 211 | -313 | 198 |
| Net change in cash | 128,004 | -143,147 | 119,647 | -133,781 | 150,553 | -321,265 | 99,889 | 58,359 | -211,495 |
| Free cash flow | -55,961 | -91,915 | 336,847 | 39,072 | 84,924 | -147,803 | 230,556 | 81,746 | -13,472 |
| Levered free cash flow | -124,811 | -44,740 | 211,150 | 5,530 | -25,939 | — | — | — | — |