PayPay Corporation American Depository Shares (PAYP) Balance Sheet

NASDAQ: PAYPAssets, liabilities, debt and equity over 4 years.

PAYP balance sheet, FY2026

March 31, 2026 · Japanese yen

¥5.20T assets = ¥4.77T liabilities + ¥432.63B equity

What it owns¥5.20TCash & ST investments: ¥364.66B (7.0%)¥364.66BReceivables: ¥2.71T (52.2%)Receivables¥2.71T · 52%PP&E: ¥27.17B (0.5%)Goodwill & intangibles: ¥97.13B (1.9%)LT investments: ¥1.41T (27.1%)LT investments¥1.41T · 27%Other non-current: ¥586.84B (11.3%)Other non-current ¥586.84B=How it is financed¥5.20TCurrent liabilities: ¥355.36B (6.8%)¥355.36BLong-term debt: ¥491.96B (9.5%)Long-term debt ¥491.96BOther LT liabilities: ¥3.92T (75.4%)Other LT liabilities¥3.92T · 75%Shareholders’ equity: ¥432.63B (8.3%)¥432.63B

Both columns are drawn to the same scale: what PAYP owns equals what it owes plus shareholders’ equity. Hover a block for its value.

PAYP financial health

Current ratio8.67
Comfortable · current assets cover current liabilities 8.67×
Debt / equity1.46
Moderate leverage · ¥1.46 of debt for each $1 of equity
Equity / assets7.6%
Thin equity · of assets funded by shareholders
Cash / debt63.2%
Partial cover · cash & short-term investments vs total debt
Goodwill & intangibles1.9%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal FY2026.

PAYP balance sheet trends, FY2023–FY2026

MetricTrendThenLatestChange
Total assets¥3.29TFY2023¥5.20TFY2026+16.5%/yr
Total liabilities¥3.10TFY2023¥4.77TFY2026+15.5%/yr
Shareholders’ equity¥72.06BFY2023¥395.89BFY2026+76.5%/yr
Cash & short-term investments¥1.35TFY2023¥364.66BFY2026−35.3%/yr
Total debt¥503.24BFY2023¥577.00BFY2026+4.7%/yr
Net cash (debt)¥841.93BFY2023−¥212.34BFY2026−¥1.1T
Working capital¥2.46TFY2023¥2.72TFY2026+¥269.1B
Current ratio4.63FY20238.67FY2026+4.03
Debt / equity6.98FY20231.46FY2026−5.53
Shares outstanding629.3MFY2023644.2MFY2026+0.8%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

PAYP assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

PAYP liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

PAYP debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

PAYP balance sheet in Japanese yen

FY2026FY2025FY2024FY2023
Assets
Cash & short-term investments¥364.66B¥614.32B¥942.66B¥1.35T
Cash & equivalents¥364.66B¥369.08B¥742.69B¥859.31B
Short-term investments¥374.19B¥245.24B¥199.96B¥485.86B
Receivables¥2.71T¥998.59B¥871.19B¥1.50T
Inventory¥0¥0¥0¥0
Other current assets¥0¥250.71B¥330.46B¥282.29B
Total current assets¥3.08T¥1.86T¥2.14T¥3.13T
Property, plant & equipment (net)¥27.17B¥29.29B¥23.39B¥24.03B
Goodwill & intangible assets¥97.13B¥80.83B¥71.61B¥66.46B
Long-term investments¥1.41T¥854.65B¥589.95B¥485.86B
Other non-current assets¥586.84B¥1.21T¥977.12B¥0
Total assets¥5.20T¥4.04T¥3.81T¥3.29T
Liabilities
Accounts payable¥1.12T¥949.40B¥808.45B¥673.06B
Short-term debt¥355.36B¥204.72B¥377.45B—
Total current liabilities¥355.36B¥3.59T¥3.36T¥675.80B
Long-term debt¥491.96B¥197.60B¥227.95B¥494.54B
Lease obligations¥9.55B¥12.10B¥7.73B¥8.70B
Other long-term liabilities¥3.92T¥28.66B¥23.41B¥1.93T
Total liabilities¥4.77T¥3.82T¥3.62T¥3.10T
Shareholders' equity
Common stock & paid-in capital¥201.51B¥91.43B¥94.18B¥116.45B
Retained earnings (deficit)¥110.35B−¥4.89B−¥43.52B−¥62.26B
Accumulated other comprehensive income−¥3.07B−¥379.0M−¥119.0M−¥108.0M
Minority interest¥36.58B¥123.84B¥126.09B¥119.48B
Total shareholders' equity¥395.89B¥99.89B¥65.16B¥72.06B
Key figures
Total debt¥577.00B¥411.68B¥610.95B¥503.24B
Net cash (debt)−¥212.34B¥202.64B¥331.70B¥841.93B
Working capital¥2.72T−¥1.73T−¥1.22T¥2.46T
Tangible book value¥298.75B¥19.07B−¥6.45B¥5.59B
Shares outstanding644.2M629.3M629.3M629.3M
Current ratio8.670.520.644.63
Quick ratio8.670.450.544.22
Debt / equity1.464.129.386.98
Equity / assets7.6%2.5%1.7%2.2%

Quarterly columns are labeled by the month the quarter ended. Figures in Japanese yen as reported (latest annual report filed June 30, 2026); data from EODHD.

PAYP financial position

At the end of fiscal 2026 (March 31, 2026), PayPay Corporation American Depository Shares had total assets of ¥5.20 trillion (up 28.6% from a year earlier), total liabilities of ¥4.77 trillion and shareholders' equity of ¥395.9 billion. It held ¥364.7 billion in cash and short-term investments against ¥577.0 billion of debt, net debt of ¥212.3 billion. Its current ratio was 8.67. In the latest quarter (ended June 30, 2026) total assets were ¥5.49 trillion and equity ¥413.4 billion.

Related: PAYP income statement, PAYP cash flow statement, PAYP key metrics. See the PAYP stock overview for the latest quote and news.

PAYP balance sheet FAQ

What are PayPay Corporation American Depository Shares's total assets?

PayPay Corporation American Depository Shares reported total assets of ¥5.20 trillion at the end of fiscal 2026 (March 31, 2026), compared with ¥4.04 trillion a year earlier.

How much debt does PayPay Corporation American Depository Shares have?

PayPay Corporation American Depository Shares had ¥577.0 billion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.46.

How much cash does PayPay Corporation American Depository Shares have?

PayPay Corporation American Depository Shares held ¥364.7 billion in cash and short-term investments at the end of fiscal 2026; with ¥577.0 billion of debt that is net debt of ¥212.3 billion.

What is PayPay Corporation American Depository Shares's book value?

PayPay Corporation American Depository Shares's shareholders' equity (book value) was ¥395.9 billion at the end of fiscal 2026.

What is PayPay Corporation American Depository Shares's current ratio?

PayPay Corporation American Depository Shares had current assets of ¥3.08 trillion and current liabilities of ¥355.4 billion, a current ratio of 8.67 (it can cover its short-term obligations).

How much goodwill does PayPay Corporation American Depository Shares have?

PayPay Corporation American Depository Shares carried ¥97.1 billion of goodwill and intangible assets, 1.9% of total assets, at the end of fiscal 2026.

Software - Infrastructure: balance sheet