Rakuten Bank - Public Comps and Valuation Multiples

Rakuten Bank Overview

About Rakuten Bank

Rakuten Bank Ltd is engaged in the banking business through an electronic medium.

Founded

2000

HQ

Employees

1.3K+

Website

rakuten-bank.co.jp

Sectors

Neobanking

Financials

LTM Revenue $1.2B

Last FY EBITDA n/a

EV

$28.8B

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Rakuten Bank Financials

As of August 2025, Rakuten Bank reported last 12-month revenue of $1.2B.

In the same period, Rakuten Bank achieved $402M in LTM net income.

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Rakuten Bank P&L

In the most recent fiscal year, Rakuten Bank reported revenue of $838M.

Rakuten Bank expects next 12-month revenue of XXX and NTM EBITDA of XXX

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	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue	$1.2B	XXX	$838M	XXX	XXX	XXX
Gross Profit	n/a	XXX	n/a	XXX	XXX	XXX
Gross Margin	n/a	XXX	n/a	XXX	XXX	XXX
EBITDA	n/a	XXX	n/a	XXX	XXX	XXX
EBITDA Margin	n/a	XXX	n/a	XXX	XXX	XXX
EBIT	$593M	XXX	n/a	XXX	XXX	XXX
EBIT Margin	48%	XXX	n/a	XXX	XXX	XXX
Net Profit	$402M	XXX	$344M	XXX	XXX	XXX
Net Margin	33%	XXX	41%	XXX	XXX	XXX
Net Debt	XXX	XXX	n/a	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

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Financial performance metrics for Rakuten Bank including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $1.2B.
Financial Metric	Last Twelve Months (LTM)	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2025)	Next Fiscal Year (2026)	Two Years Forward (2027)
Total Revenue	$1.2B	Analyst estimates available to subscribers	$838M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	n/a	Analyst estimates available to subscribers	n/a	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	n/a	Analyst estimates available to subscribers	NaN% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	n/a	Analyst estimates available to subscribers	n/a	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	n/a	Analyst estimates available to subscribers	NaN% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	$593M	Analyst estimates available to subscribers	n/a	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	48.2% EBIT margin	Analyst estimates available to subscribers	n/a	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	$402M	Analyst estimates available to subscribers	$344M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	32.7% net profit margin	Analyst estimates available to subscribers	41.1% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	Detailed debt information available to subscribers	n/a	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for Rakuten Bank

This financial data table provides comprehensive performance metrics for Rakuten Bank, a company based in Japan. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Recent Performance Highlights

Rakuten Bank generated $1.2B in revenue over the last twelve months.
Net income over the last twelve months reached $402M.

Fiscal Year Performance

In the most recent fiscal year, Rakuten Bank reported $838M in total revenue.
The company maintained a gross profit margin of NaN% in the most recent fiscal year.
EBITDA margin for the fiscal year was NaN%.
Net profit margin reached 41.1% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for Rakuten Bank. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

Rakuten Bank Stock Performance

Rakuten Bank has current market cap of JPY 1.33T (or $9.0B), and EV of JPY 4.24T (or $28.8B).

Market Cap Evolution

Rakuten Bank Stock Data

As of September 17, 2025, Rakuten Bank's stock price is JPY 7601 (or $52).

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EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$28.8B	$9.0B	XXX	XXX	XXX	XXX	$2.30

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Rakuten Bank Valuation Multiples

Rakuten Bank's trades at 36.6x EV/Revenue multiple, and n/a EV/EBITDA.

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Rakuten Bank Financial Valuation Multiples

As of September 17, 2025, Rakuten Bank has market cap of $9.0B and EV of $28.8B.

Equity research analysts estimate Rakuten Bank's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Rakuten Bank has a P/E ratio of 22.4x.

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Market cap (current)	$9.0B	XXX	$9.0B	XXX	XXX	XXX
EV (current)	$28.8B	XXX	$28.8B	XXX	XXX	XXX
EV/Revenue	23.4x	XXX	36.6x	XXX	XXX	XXX
EV/EBITDA	n/a	XXX	n/a	XXX	XXX	XXX
EV/EBIT	48.6x	XXX	n/a	XXX	XXX	XXX
EV/Gross Profit	n/a	XXX	n/a	XXX	XXX	XXX
P/E	22.4x	XXX	28.4x	XXX	XXX	XXX
EV/FCF	n/a	XXX	11.1x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Rakuten Bank Margins & Growth Rates

Rakuten Bank's last 12 month revenue growth is 6%

Rakuten Bank's revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.3M for the same period.

Rakuten Bank's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Rakuten Bank's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Rakuten Bank Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue Growth	6%	XXX	31%	XXX	XXX	XXX
EBITDA Margin	n/a	XXX	n/a	XXX	XXX	XXX
EBITDA Growth	n/a	XXX	n/a	XXX	XXX	XXX
Rule of 40	n/a	XXX	n/a	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	n/a	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	$0.7M	XXX	XXX	XXX
Opex per Employee	XXX	XXX	$0.3M	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
G&A Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
R&D Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
Opex to Revenue	XXX	XXX	40%	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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