PayPay Corporation (PAYP)

PayPay Income Statement

Financials in millions JPY. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Dec 31, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023
Revenue	357,109	299,078	254,611	201,194
Revenue Growth (YoY)	40.26%	17.46%	26.55%	-
Cost of Revenue	105,217	94,024	85,394	80,765
Gross Profit	251,892	205,054	169,217	120,429
Selling, General & Admin	72,653	70,250	72,564	61,023
Other Operating Expenses	110,905	99,294	96,642	79,954
Total Operating Expenses	183,558	169,544	169,206	140,977
Operating Income	68,334	35,510	11	-20,548
Total Non-Operating Income (Expense)	-47.5	-549	-	-
Pretax Income	68,269	34,961	11	-20,548
Provision for Income Taxes	-45,268	-4,196	841	4,398
Net Income	111,208	36,170	-3,350	-25,856
Minority Interest in Earnings	2,329	2,987	2,520	910
Net Income to Common	111,208	36,170	-3,350	-25,856
Shares Outstanding (Basic)	614	550	550	441
Shares Outstanding (Diluted)	614	550	550	441
Shares Change (YoY)	11.64%	-	24.80%	-
EPS (Basic)	177.06	65.80	-6.10	-58.70
EPS (Diluted)	177.06	65.80	-6.10	-58.70
Shares Outstanding	637.57	550	550	440.7
Free Cash Flow	313,040	151,027	45,391	-204,986
Free Cash Flow Growth	107.27%	232.72%	-	-
Free Cash Flow Per Share	509.81	274.60	82.53	-465.14
Gross Margin	70.54%	68.56%	66.46%	59.86%
Operating Margin	19.14%	11.87%	0.00%	-10.21%
Profit Margin	31.79%	13.09%	-0.33%	-12.40%
FCF Margin	87.66%	50.50%	17.83%	-101.89%
EBITDA	93,085	56,901	18,602	-5,893
EBITDA Margin	26.07%	19.03%	7.31%	-2.93%
EBIT	68,334	35,510	11	-20,548
EBIT Margin	19.14%	11.87%	0.00%	-10.21%
Effective Tax Rate	-66.31%	-12.00%	7645.45%	-21.40%

Updated Mar 2, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q