PayPay IPO: revenue, profit and offering terms from its F-1
PayPay priced its IPO at $16 a share on 12 Mar 2026 and raised $880 million. Its shares trade on Nasdaq as PAYP. Revenue was 299 billion JPY in 2025, up 17% from 2024, with a net profit of 39.2 billion JPY.
Headlines
- Revenue, 2025
- 299B JPY
- Up 17% on the year before
- Net income, 2025
- 39.2B JPY
- Revenue, 9 months to Dec 2025
- 278B JPY
- Up 26% on a year earlier
- IPO price
- $16
- $880M raised
PayPay IPO terms
From the final prospectus (424B4).
- Exchange
- Nasdaq Global Select Market
- Ticker
- PAYP
- IPO price
- $16
- Shares offered
- 54,987,214
- Raised
- $880M
- Registered
- $1.3B, the amount the filing fee is paid on
- Underwriters
- Goldman Sachs & Co. LLC, J.P. Morgan and Mizuho, with 17 more banks
- First filed
- 12 Feb 2026
PayPay revenue and profit
In JPY, the currency the company reports in.
| Period | Revenue | Operating income | Net income |
|---|---|---|---|
| 2024 | 255B JPY | - | -830M JPY |
| 2025 | 299B JPY | 35.5B JPY | 39.2B JPY |
| 9 months to Dec 2024 | 220B JPY | - | - |
| 9 months to Dec 2025 | 278B JPY | 61.0B JPY | 103B JPY |
PayPay share structure and company facts
- Headquarters
- Tokyo, Japan
PayPay shares since the IPO
Latest close 26 Oct 2026
- IPO price
- $16
- Priced 12 Mar 2026
- First close
- $18.16
- +13% on the IPO price
- Latest close
- $14.33
- -10% on the IPO price
PayPay's IPO filings
The registration statement, each amendment and the final prospectus, oldest first.
About the data
- Terms and financials are read from PayPay's newest prospectus (424B4 filed 12 Mar 2026) by a Kadoa workflow. Check figures that matter against the filing.
- Registered is the amount the filing fee is paid on, often a placeholder before the price range is set.
- Raised is the IPO price times the shares sold, without the underwriters' option. Trading compares the first and latest close with the IPO price.