PayPay Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023
Revenue	380,662	299,078	254,611	201,194
Revenue Growth (YoY)	27.28%	17.46%	26.55%	-
Cost of Revenue	108,926	94,024	85,394	80,765
Gross Profit	271,736	205,054	169,217	120,429
Selling, General & Admin	75,740	70,250	72,564	61,023
Other Operating Expenses	115,914	99,294	96,642	79,954
Total Operating Expenses	191,654	169,544	169,206	140,977
Operating Income	80,082	35,510	11	-20,548
Total Non-Operating Income (Expense)	-137	-549	-	-
Pretax Income	79,945	34,961	11	-20,548
Provision for Income Taxes	-37,865	-4,196	841	4,398
Net Income	115,034	36,170	-3,350	-25,856
Minority Interest in Earnings	2,776	2,987	2,520	910
Net Income to Common	115,034	36,170	-3,350	-25,856
Net Income Growth	218.04%	-	-	-
Shares Outstanding (Basic)	638	550	550	441
Shares Outstanding (Diluted)	644	550	550	441
Shares Change (YoY)	17.14%	-	24.80%	-
EPS (Basic)	180.42	65.80	-6.10	-58.70
EPS (Diluted)	178.55	65.80	-6.10	-58.70
EPS Growth	171.35%	-	-	-
Shares Outstanding	637.57	550	550	440.7
Free Cash Flow	368,928	151,027	45,391	-204,986
Free Cash Flow Growth	144.28%	232.72%	-	-
Free Cash Flow Per Share	572.63	274.60	82.53	-465.14
Gross Margin	71.39%	68.56%	66.46%	59.86%
Operating Margin	21.04%	11.87%	0.00%	-10.21%
Profit Margin	30.95%	13.09%	-0.33%	-12.40%
FCF Margin	96.92%	50.50%	17.83%	-101.89%
EBITDA	105,564	56,901	18,602	-5,893
EBITDA Margin	27.73%	19.03%	7.31%	-2.93%
EBIT	80,082	35,510	11	-20,548
EBIT Margin	21.04%	11.87%	0.00%	-10.21%
Effective Tax Rate	-47.36%	-12.00%	7645.45%	-21.40%

Updated May 6, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q