PayPay (PAYP) Cash Flow Statement

In fiscal 2026 (fiscal year ended Mar 31, 2026), PayPay generated JPY 375.30B of operating cash flow and spent JPY 24.19B on capital expenditures. That left free cash flow of JPY 351.11B, up 162.5% from JPY 133.76B a year earlier, or 95.5% of revenue. It paid JPY 311.00M in dividends.

PayPay Cash Flow Statement Analysis

Values in trillions JPY

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for PayPay Corporation (PAYP) - Annual data in trillions JPY
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023
Period ending	Mar 2026	Mar 2025	Mar 2024	Mar 2023
Operating Activities
Net Income	0.08	0.03	0.00	-0.02
Depreciation & Amortization	0.03	0.02	0.02	0.01
Stock Based Compensation	0.00	0.00	0.00	0.00
Change in Working Capital	0.28	0.10	0.04	-0.18
Change in Accounts Receivable	-0.01	-0.35	-0.28	-0.41
Change in Accounts Payable	0.17	0.15	0.13	0.02
Change in Other Working Capital	0.00	0.31	0.00	0.00
Other Operating Activities	0.00	0.00	0.00	0.00
Net Cash from Operating Activities	0.38	0.16	0.05	-0.19
Investing Activities
Capital Expenditures	-0.02	-0.02	-0.02	-0.03
Acquisitions	-0.01	-0.01	0.00	0.00
Purchases of Investments	-0.78	-0.46	-1.04	-0.62
Sales/Maturities of Investments	0.19	0.18	0.79	0.84
Other Investing Activities	0.00	-0.02	-0.02	-0.02
Net Cash from Investing Activities	-0.63	-0.32	-0.27	0.19
Financing Activities
Debt Repayment	-0.76	-0.21	-0.52	-0.55
Common Stock Issued	0.22	0.00	0.00	0.00
Dividends Paid	0.00	0.00	0.00	0.00
Other Financing Activities	0.08	0.00	0.00	-0.02
Net Cash from Financing Activities	0.25	-0.21	0.11	0.03
Summary
Effect of Forex Changes on Cash	0.00	0.00	0.00	0.00
Net Change in Cash	-0.01	-0.37	-0.11	0.03
Cash at Beginning of Period	0.37	0.74	0.86	0.83
Cash at End of Period	0.36	0.37	0.74	0.86
Free Cash Flow	0.35	0.13	0.03	-0.22

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About PayPay Cash Flow

What is PayPay's free cash flow?

PayPay generated free cash flow of JPY 351.11B in fiscal 2026 (fiscal year ended Mar 31, 2026), operating cash flow of JPY 375.30B minus JPY 24.19B of capital expenditures. That was up 162.5% from JPY 133.76B a year earlier. Free cash flow equaled 95.5% of revenue.

How much does PayPay spend on capital expenditures?

PayPay spent JPY 24.19B on capital expenditures in fiscal 2026, compared with JPY 22.09B a year earlier. That equals 6.4% of operating cash flow.

Does PayPay pay dividends or buy back shares?

Yes. In fiscal 2026 PayPay returned JPY 311.00M in dividends to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition