PAYPNasdaqServices-Business Services, NECFiscal year ends March 31
PayPay Corp
Financials through fiscal 2026, year ended Mar 31, 2026Last filing: 20-F on Jun 30, 2026
$15.52−0.16 (-1.02%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2023 to 2026
Operating margin
21.0%
Net margin
30.2%
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +27.3% | – | – | – | |
| Operating income | +125.5% | – | – | – | |
| Net income | +218.0% | – | – | – | |
| EPS, diluted | +171.5% | – | – | – | |
| Free cash flow | +144.3% | – | – | – |
Returns and balance sheet
4 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2023 | FY2023 | FY2026 | Trend |
|---|---|---|---|---|
| Interest coverage | – | – | 7.6× | |
| Capex to revenue | – | – | 1.7% | |
| Diluted shares | – | – | 644M |
Cash use needs five years of cash flow figures
PayPay does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin30.2%
×Asset turnover0.08×
×Equity multiplier18.66×
=Return on equity, FY202646.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 30.2% | 0.08× | 18.66× | 46.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
3of 4 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero¥115.03B
- Cash generatingOperating cash flow above zero¥375.30B
- Return on assets improvedROA up on the prior year– → 2.8%
- Earnings backed by cashOperating cash flow above net income¥375.30B vs ¥115.03B
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise550M → 644M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose– → 0.09