PayPay Corporation American Depository Shares
NASDAQ: PAYP · TECHNOLOGY · SOFTWARE - INFRASTRUCTURE
Updated 2026-09-11
PayPay Corporation American Depository Shares (PAYP) Financial statements
SEC filings — annual and quarterly data.
Cash flow — annual
| Item | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Operating cash flow | $-194.70B | $49.98B | $155.85B | $294.22B |
| Capital expenditures | $29.38B | $22.50B | $22.09B | $6.75B |
| Depreciation | — | — | — | — |
| Stock-based comp | — | $0.00 | $0.00 | $1.85B |
| Free cash flow | $-224.08B | $27.48B | $133.76B | $287.47B |
| Investing cash flow | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Dividends paid | $4.93B | $179.00M | $283.00M | $329.76M |
| Share repurchases | — | — | — | — |
| Debt repayment | — | — | — | — |
| Net change in cash | — | — | — | — |
Frequently asked questions
What is PayPay Corporation American Depository Shares's revenue?
PayPay Corporation American Depository Shares's trailing twelve-month revenue is $401.59B. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is PAYP?
In its most recent fiscal year, PAYP ran a gross margin of 50.62%, an operating margin of 21.04%, and a net margin of 30.22%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does PAYP generate?
PAYP produced $287.47B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is PAYP's balance sheet healthy?
PAYP holds $364.66B in cash and equivalents against $491.96B in long-term debt, on $395.89B of shareholder equity. That debt is best read against the cash flow the business throws off each year.