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PayPay Valuation Multiples
Discover revenue and EBITDA valuation multiples for PayPay and similar public comparables like Jio Financial Services, Wise, KakaoBank, Chime and more.
PayPay Overview
About PayPay
PayPay Corp is a Japan-based financial technology provider operating a digital finance platform that integrates payments, banking, credit, and investment services for individuals and businesses. Its platform connects users and merchants, facilitating a cashless ecosystem and providing an all-in-one solution for daily financial activities. The company operates in two reportable segments: i) Payment segment and ii) Financial service segment. The majority of the company's revenue is derived from the Financial service segment, which includes internet banking services, securities intermediary services and PayPay Point investment-related services, and loan management services. Geographically, it operates predominantly in Japan.
Founded
2018
HQ
Employees
2.2K
Website
Financials (FY)
EV
$222B
PayPay Financials
PayPay reported last fiscal year revenue of $2B and EBITDA of $378M.
In the same fiscal year, PayPay generated $2B in gross profit, $378M in EBITDA, and $226M in net income.
PayPay P&L
In the most recent fiscal year, PayPay reported revenue of $2B and EBITDA of $378M.
PayPay expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 86% | XXX | XXX | XXX |
| EBITDA | — | XXX | $378M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 21% | XXX | XXX | XXX |
| EBIT Margin | — | XXX | 20% | XXX | XXX | XXX |
| Net Profit | — | XXX | $226M | XXX | XXX | XXX |
| Net Margin | — | XXX | 12% | XXX | XXX | XXX |
| Net Debt | — | — | $190M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
PayPay Stock Performance
PayPay has current market cap of $15B, and enterprise value of $222B.
PayPay's stock price is $23.04.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $222B | $15B | — | XXX | XXX | XXX | $0.34 |
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Start Free TrialPayPay Valuation Multiples
PayPay trades at 122.0x EV/Revenue multiple, and 587.9x EV/EBITDA.
PayPay Financial Valuation Multiples
As of March 31, 2026, PayPay has market cap of $15B and EV of $222B.
Equity research analysts estimate PayPay's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
PayPay has a P/E ratio of 68.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $15B | XXX | $15B | XXX | XXX | XXX |
| EV (current) | $222B | XXX | $222B | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 122.0x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 587.9x | XXX | XXX | XXX |
| EV/EBIT | — | XXX | 606.1x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 142.2x | XXX | XXX | XXX |
| P/E | — | XXX | 68.2x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 266.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified PayPay Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
PayPay Margins & Growth Rates
PayPay's revenue in the last fiscal year grew by 4%.
PayPay's revenue per employee in the last FY averaged $0.8M, while opex per employee averaged $0.5M for the same period.
PayPay Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | 4% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 21% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | 20% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.8M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 21% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 10% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 66% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
PayPay Public Comps
See public comps and valuation multiples for other Neobanking and Money Transfer comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Jio Financial Services | XXX | XXX | XXX | XXX | XXX | XXX |
| Wise | XXX | XXX | XXX | XXX | XXX | XXX |
| KakaoBank | XXX | XXX | XXX | XXX | XXX | XXX |
| Chime | XXX | XXX | XXX | XXX | XXX | XXX |
| SoFi | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
PayPay M&A Activity
PayPay acquired XXX companies to date.
Last acquisition by PayPay was on XXXXXXXX, XXXXX. PayPay acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by PayPay
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialPayPay Investment Activity
PayPay invested in XXX companies to date.
PayPay made its latest investment on XXXXXXXX, XXXXX. PayPay invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by PayPay
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout PayPay
| When was PayPay founded? | PayPay was founded in 2018. |
| Where is PayPay headquartered? | PayPay is headquartered in Japan. |
| How many employees does PayPay have? | As of today, PayPay has over 2K employees. |
| Who is the CEO of PayPay? | PayPay's CEO is Ichiro Nakayama. |
| Is PayPay publicly listed? | Yes, PayPay is a public company listed on Nasdaq. |
| What is the stock symbol of PayPay? | PayPay trades under PAYP ticker. |
| When did PayPay go public? | PayPay went public in 2026. |
| Who are competitors of PayPay? | PayPay main competitors are Jio Financial Services, Wise, KakaoBank, Chime. |
| What is the current market cap of PayPay? | PayPay's current market cap is $15B. |
| What is the current revenue of PayPay? | PayPay's last fiscal year revenue is $2B. |
| What is the current EV/Revenue multiple of PayPay? | Current revenue multiple of PayPay is 122.0x. |
| Is PayPay profitable? | No, PayPay is not profitable. |
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