PayPay Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023
Operating Revenue	208,435	175,235	147,229	121,594
Other Revenue	147,095	122,539	105,626	77,809
Revenue	355,530	297,774	252,855	199,403
Revenue Growth (YoY)	40.61%	17.77%	26.81%	-
Cost of Revenue	114,660	106,714	99,033	82,371
Gross Profit	186,403	142,574	111,402	80,033
Selling, General & Admin	20,444	19,770	26,284	23,522
Other Operating Expenses	97,625	87,294	85,107	77,059
Operating Expenses	118,069	107,064	111,391	100,581
Operating Income	68,334	35,510	11	-20,548
Earnings From Equity Investments	-65	-549	-	-
Pretax Income	68,269	34,961	11	-20,548
Income Tax Expense	-45,268	-4,196	841	4,398
Earnings From Continuing Operations	113,537	39,157	-830	-24,946
Minority Interest in Earnings	-2,329	-2,987	-2,520	-910
Net Income	111,208	36,170	-3,350	-25,856
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)	181.11	65.76	-6.09	-58.67
EPS (Diluted)	181.11	65.76	-6.10	-58.70
Free Cash Flow	313,040	151,027	45,391	-204,986
Free Cash Flow Per Share	509.80	274.60	82.53	-465.14
Gross Margin	52.43%	47.88%	44.06%	40.14%
Operating Margin	19.22%	11.92%	0.00%	-10.30%
Profit Margin	31.28%	12.15%	-1.32%	-12.97%
Free Cash Flow Margin	88.05%	50.72%	17.95%	-102.80%
EBITDA	77,530	41,346	5,187	-8,858
EBITDA Margin	21.81%	13.88%	2.05%	-4.44%
D&A For EBITDA	9,196	5,836	5,176	11,690
EBIT	68,334	35,510	11	-20,548
EBIT Margin	19.22%	11.92%	0.00%	-10.30%
Effective Tax Rate	-	-	7645.45%	-
Revenue as Reported	357,109	299,078	254,611	201,194
Advertising Expenses	-	10,731	11,458	14,310

Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q