# PayPay Corporation (PAYP)

> Source: Nexqual · https://nexqual.com/PAYP · data as of 2026-10-29 20:00 UTC · cite as "Nexqual, PayPay Corporation (PAYP), nexqual.com/PAYP" · informational, not investment advice.

**Price:** USD 14.53 (+2.11% on the day) · last close of Oct 29, 2026; US market after hours, not a live price. Prev close 14.23 · day 14.17–14.78 · 52w 12.07–24.89 · market cap $9.84B · NMS

## Key facts
- 1 of 80 tracked superinvestors hold PAYP (13F, Q2 2026): 1 new, 0 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 1.92 on a 1–5 scale) (13 analysts), mean target USD 24.12 (range 17.03–31.84).
- Total return with dividends: 1Y -20.0% vs S&P 500 +14.4%; 5Y -31.3% vs S&P 500 +79.1%.
- Next earnings: 2026-10-30, EPS estimate USD 31.02, revenue estimate $115B.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold PAYP. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| ValueAct Capital |  | 0.55% | $30.9M | New position |

## Analysts
Consensus Buy (mean 1.92 on a 1–5 scale), 13 analysts; mean target USD 24.12 (low 17.03, high 31.84).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-25 | Wolfe Research | Target raised | Outperform | $18 → $21 |
| 2026-08-04 | Mizuho | Target lowered | Outperform | $26 → $23 |
| 2026-08-03 | Citigroup | Target lowered | Neutral | $23 → $18 |
| 2026-07-23 | Morgan Stanley | Upgrade | Equal-Weight → Overweight | $24 → $23 |

## Total return (dividends reinvested)
|  | 1Y (from 2026-03-12) | 5Y (from 2026-03-09) |
|---|---|---|
| Total return | -20.0% | -31.3% |
| S&P 500 (SPY) | +14.4% | +79.1% |
| Per year | — | — |
| Volatility (annualized) | 71.8% | 59.3% |
| Max drawdown | -49.6% (Mar 2026→Jun 2026) | -46.3% (Mar 2026→Jun 2026) |

## Peers (Software - Infrastructure)
GTLB (GitLab Inc.) USD 56.65 -2.28% · NTSK (Netskope, Inc.) USD 26.19 -1.24% · S (SentinelOne, Inc.) USD 25.71 +0.47% · DOCN (DigitalOcean Holdings, Inc.) USD 99.97 -4.85% · ZETA (Zeta Global Holdings Corp.) USD 32.74 -2.12% · SAIL (SailPoint, Inc.) USD 22 -1.26%

## More
Full page: https://nexqual.com/PAYP · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in PAYP's own 20-F filed 2026-06-30 (https://www.sec.gov/Archives/edgar/data/2080845/000119312526289382/payp-20260331.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | PayPay Bank | "To that end, we aim to realize benefits, synergies and efficiencies related to, among other things, increases in cross-selling opportunities among our payment and financial services, increases in total revenue, increased…" |
| Customer | PayPay Securities | "To that end, we aim to realize benefits, synergies and efficiencies related to, among other things, increases in cross-selling opportunities among our payment and financial services, increases in total revenue, increased…" |
| Customer | PayPay Corporation and PayPay Card | "We currently expect our capital expenditures to continue to consist primarily of investments in intangible assets, including capitalized software development costs and certain capitalized customer acquisition costs, main…" |
| Customer | For PayPay Bank | "For PayPay Bank Corporation customers' credit risk, we have established a credit risk management system in our internal regulations and strive to control credit risk in accordance with our internal credit policy." |
| Partner | SOFTBANK GROUP CORP. (SFTBF) | "We collaborate with SoftBank Group companies in the provision of our services." |
| Partner | LY | "Our collaboration with LY Corporation, with respect to the LINE app as well as Yahoo! Japan's e‑commerce platform, and other affiliated companies, such as SoftBank Corp., to extend PayPay Points to their user bases stren…" |
| Partner | Visa (V) | "For example, we are currently in discussions with Visa Inc. ("Visa") to enter into a business alliance to explore collaboration in Japan and the United States by leveraging our QR code-based payment platform and Visa's g…" |
| Partner | SB Payment Service | "Business Alliance Agreement for PayCAS between us, SB C&S Corp. and SB Payment Service Corporation, dated August 1, 2024, sets forth the agreement among the parties with respect to the role of each party in connection wi…" |
| Partner | LINE | "Our collaboration with LY Corporation, with respect to the LINE app as well as Yahoo! Japan's e‑commerce platform, and other affiliated companies, such as SoftBank Corp., to extend PayPay Points to their user bases stren…" |
| Partner | T&D Holdings | "In June 2026, we entered into a share purchase agreement with T&D Holdings, Inc. ("T&D Holdings") to acquire 70.2% of the shares of T&D Financial Life Insurance Company ("TDFL") for total estimated consideration of appro…" |
| Partner | PayPay Card | "We also intend to incorporate data-driven solutions to develop new services in collaboration with PayPay Card Corporation and incorporate AI as part of our cost reduction efforts." |
| Partner | Binance Japan | "Furthermore, users can also transfer withdrawals from investment-related services such as PayPay Invest, a mini-app within our PayPay app, LINE BITMAX, a cryptocurrency asset trading service operated by LINE Xenesis Corp…" |
| Partner | SB C&S | "Business Alliance Agreement for PayCAS between us, SB C&S Corp. and SB Payment Service Corporation, dated August 1, 2024, sets forth the agreement among the parties with respect to the role of each party in connection wi…" |
| Partner | PayPay SC | "The success of our alliances depends on our ability to cooperate strategically with the other shareholders of PayPay Bank Corporation, PayPay Securities Corporation and PayPay SC Corporation." |
| Partner | LINE Xenesis | "Furthermore, users can also transfer withdrawals from investment-related services such as PayPay Invest, a mini-app within our PayPay app, LINE BITMAX, a cryptocurrency asset trading service operated by LINE Xenesis Corp…" |
| Partner | Seven-Eleven Japan | "We have entered into partnerships with third-party companies, including Seven-Eleven Japan Co., Ltd., Monteroza Co., Ltd. and MINISTOP Co., Ltd. to integrate their various services with our PayPay app." |
| Competitor | Apple (AAPL) | "We also compete with contactless NFC credit card payment offered by credit card companies as well as smartphone contactless payments such as Apple Pay, Google Pay, QUICPay and iD." |
| Competitor | Alphabet (Google) (GOOGL) | "We also compete with contactless NFC credit card payment offered by credit card companies as well as smartphone contactless payments such as Apple Pay, Google Pay, QUICPay and iD." |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $31.02 | $28.87 | +7.4% | $115.15B | 7 |
| Next quarter (ends 2026-12-31) | $32.38 | $33.04 | -2.0% | $121.50B | 7 |
| Current fiscal year (ends 2027-03-31) | $122.59 | $117.26 | +4.5% | $471.68B | 10 |
| Next fiscal year (ends 2028-03-31) | $160.34 | $154.92 | +3.5% | $556.85B | 10 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-10-30): ±25.9%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 22 | 123.5% | ±25.9% |
| 2027-01-15 | 78 | 69.9% | ±26.6% |
| 2027-04-16 | 169 | 73.1% | ±40.3% |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | $27.02 | $26.22 | Beat +3.1% | — |
| — | Quarter ended Mar 31, 2026 | $20.98 | $23.33 | Miss −10.1% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-08-07 | 6-K | Current report (foreign issuer) · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/2080845/000119312526338991/0001193125-26-338991-index.htm |
| 2026-07-31 | 6-K | Current report (foreign issuer) · period ended Jul 31, 2026 | https://www.sec.gov/Archives/edgar/data/2080845/000208084526000023/0002080845-26-000023-index.htm |
| 2026-07-30 | 6-K | Current report (foreign issuer) · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/2080845/000208084526000020/0002080845-26-000020-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.