COIN vs. PAYP: Coinbase Global vs. PayPay Stock Comparison

Company Profile

Coinbase Global (COIN) and PayPay (PAYP) both fall under the Financial Services industry group, but COIN is classified in Capital Markets while PAYP is classified in Financial Services.

Coinbase Global (COIN) has traded publicly since April 14, 2021, giving it several years of listed trading history, while PayPay (PAYP) only listed on March 12, 2026 and has a limited public-market record.

Coinbase Global (COIN) trades as ordinary local shares, while PayPay (PAYP) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Coinbase Global (COIN) has a highly aggressive beta of 3.33, indicating much higher sensitivity to broad-market moves, while PayPay (PAYP) is defensive at 0.24 and tends to be less market-sensitive — a wide gap in beta profiles.

Risk-Adjusted Performance

Risk-Return Positioning

Both COIN and PAYP need 1-year volatility and 1-year return to plot risk-return positioning.

Risk-Adjusted Metrics

Profitability

Coinbase Global (COIN) reports a negative ROE of -4.68%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile PayPay (PAYP) reports 18.80%, ranking against industry peers normally.

Coinbase Global (COIN) reports a negative net margin of -12.89%, usually indicating a net loss over the period. Meanwhile PayPay (PAYP) reports 15.85%, ranking against industry peers normally.

Coinbase Global (COIN) reports a negative operating margin of -1.42%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile PayPay (PAYP) reports 32.79%, ranking against industry peers normally.

Profitability Metrics

Growth

Both Coinbase Global (COIN) at 9.40% and PayPay (PAYP) at 25.85% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

PayPay (PAYP) at 230.06% delivers above-range EPS growth, while Coinbase Global (COIN) at -53.06% falls into the bottom quartile — a wide split in earnings momentum.

Growth Metrics

Financial Strength

current ratio doesn’t apply on either side: Coinbase Global (COIN) in Financial Services and PayPay (PAYP) in Financial Services both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.

debt-to-equity ratio is set aside for both: Coinbase Global (COIN) in Financial Services and PayPay (PAYP) in Financial Services run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.

Financial Strength Metrics

Dividends

Neither Coinbase Global (COIN) nor PayPay (PAYP) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

Neither Coinbase Global (COIN) nor PayPay (PAYP) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

Dividend Metrics

Valuation

An earnings multiple is available for just one side: PayPay (PAYP) trades at 23.30 times trailing earnings, ranked against its peers, while Coinbase Global (COIN) has no P/E ratio this period.

PayPay (PAYP) at 0.02 looks cheap on sales in the lower P/S ratio quartile, while Coinbase Global (COIN) at 6.56 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

Coinbase Global (COIN) at 2.56 is valued about in line with its industry on P/B ratio, while PayPay (PAYP) at 3.75 carries an above-peer premium to book — PAYP is pricier on assets.

Valuation Metrics