PayPay Future Growth
Future criteria checks 3/6
PayPay is forecast to grow earnings and revenue by 10.7% and 14.3% per annum respectively. EPS is expected to grow by 10.1% per annum. Return on equity is forecast to be 20.8% in 3 years.
Key information
10.7%
Earnings growth rate
10.08%
EPS growth rate
| Diversified Financial earnings growth | 6.7% |
| Revenue growth rate | 14.3% |
| Future return on equity | 20.83% |
| Analyst coverage | Good |
| Last updated | 03 Sep 2026 |
Recent future growth updates
Recent updates
PAYP: Alliance With Seven And Life Insurance Overhang Should Drive Repricing
Analysts have nudged their blended price expectations for PayPay higher, with the fair value estimate moving from about $31.47 to $32.23. This reflects updated sector research that highlights steady U.S. consumer spending, credit trends, and a recalibration of earnings and risk expectations across recent price target changes between $18 and $23.PayPay: Inorganic Moves To Capture Structural Tailwinds
Summary I initiate coverage of PayPay Corporation (PAYP) with a Buy, after assessing market trends and corporate developments. PAYP's alliance with Seven & i Holdings unlocks significant digital payment adoption potential in an underpenetrated Japanese market. Acquisition of a 70.2% stake in T&D Financial Life Insurance enables PAYP to leverage its 75M user base for cross-selling financial products, as more Japanese re-assess their wealth management options. With a forward P/E of 20.4x versus GMO Payment Gateway's 26.9x and a PEG of 0.74, PAYP offers compelling upside as its inorganic initiatives bear fruit. Read the full article on Seeking Alpha
Slowing Ecosystem Monetisation And Credit Risks Will Test This Platform Before Rewards Arrive
Catalysts About PayPay PayPay operates a digital financial platform in Japan that combines payments, credit, banking, securities and planned life insurance offerings. What are the underlying business or industry changes driving this perspective?Alliance With Seven & I And Financial Expansion Will Reshape Long Term Earnings Power
Catalysts About PayPay PayPay operates a large digital payments and financial services platform in Japan that combines payments, banking, securities and credit products. What are the underlying business or industry changes driving this perspective?
Digital Wallet Expansion And Data Monetization Will Drive Long Term Earnings Quality
Catalysts About PayPay PayPay operates a large-scale digital payments and financial services platform in Japan that connects users with payments, cards, banking, securities and insurance. What are the underlying business or industry changes driving this perspective?Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 3/31/2029 | 649,718 | 152,995 | 201,027 | 381,574 | 8 |
| 3/31/2028 | 557,174 | 106,919 | 198,972 | 334,655 | 11 |
| 3/31/2027 | 471,945 | 82,374 | -46,000 | 180,000 | 12 |
| 6/30/2026 | 401,589 | 122,951 | 210,716 | 234,054 | N/A |
| 3/31/2026 | 378,407 | 115,034 | 351,105 | 375,297 | N/A |
| 12/31/2025 | 355,530 | 111,208 | 295,313 | 319,659 | N/A |
| 9/30/2025 | 336,408 | 105,281 | 189,341 | 212,998 | N/A |
| 6/30/2025 | 314,775 | 41,971 | 232,438 | 254,926 | N/A |
| 3/31/2025 | 297,774 | 36,170 | 133,763 | 155,849 | N/A |
| 3/31/2024 | 252,855 | -3,350 | 27,480 | 49,975 | N/A |
| 3/31/2023 | 199,403 | -25,856 | -224,083 | -194,702 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PAYP's forecast earnings growth (10.7% per year) is above the savings rate (3.7%).
Earnings vs Market: PAYP's earnings (10.7% per year) are forecast to grow slower than the US market (17.3% per year).
High Growth Earnings: PAYP's earnings are forecast to grow, but not significantly.
Revenue vs Market: PAYP's revenue (14.3% per year) is forecast to grow faster than the US market (13.4% per year).
High Growth Revenue: PAYP's revenue (14.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PAYP's Return on Equity is forecast to be high in 3 years time (20.8%)
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/09 22:09 |
| End of Day Share Price | 2026/09/09 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
PayPay Corporation is covered by 15 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Yoshitaka Nagao | BofA Global Research |
| Ryan Campbell | Cantor Fitzgerald & Co. |
| Ramsey El-Assal | Cantor Fitzgerald & Co. |