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CRBG vs. PAYP: Corebridge Financial vs. PayPay Stock Comparison

How do Corebridge Financial (CRBG) and PayPay (PAYP) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Corebridge Financial (CRBG) and PayPay (PAYP) both belong to the Financial Services industry, though CRBG is classified under Diversified Financial Services while PAYP falls under Transaction & Payment Processing Services.

Corebridge Financial (CRBG) has traded publicly since September 16, 2022, giving it several years of listed trading history, while PayPay (PAYP) only listed on March 12, 2026 and has a limited public-market record.

Corebridge Financial (CRBG) 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.

Company profile comparison for Corebridge Financial (CRBG) and PayPay (PAYP)
Profile ItemCRBGPAYP
NameCorebridge Financial Inc.PayPay Corp ADR
Country/RegionUnited StatesJapan
GICS SectorFinancialsFinancials
GICS Industry GroupFinancial ServicesFinancial Services
GICS IndustryFinancial ServicesFinancial Services
GICS Sub-IndustryDiversified Financial ServicesTransaction & Payment Processing Services
Market Capitalization14.95 billion USD10.10 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateSeptember 16, 2022March 12, 2026
Security TypeCommon StockADR

Price Performance

Cumulative Growth

CRBG
PAYP
GSPC
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Corebridge Financial (CRBG) vs. PayPay (PAYP), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Corebridge Financial (CRBG) and PayPay (PAYP). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Corebridge Financial (CRBG) and PayPay (PAYP). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Corebridge Financial (CRBG) and PayPay (PAYP)
MetricCRBGPAYP
Total Return (1Y)24.54%--
Total Return (3Y, Annualized)28.45%--
Total Return (5Y, Annualized)----

Risk Profile

Drawdown History

CRBG
PAYP
GSPC
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Corebridge Financial (CRBG) vs. PayPay (PAYP), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Corebridge Financial (CRBG) and PayPay (PAYP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Corebridge Financial (CRBG) and PayPay (PAYP)
MetricCRBGPAYP
Volatility (1Y, Annualized)35.18%73.49%
Beta (5Y)1.030.24
Max Drawdown (5Y)-36.35%-49.63%
Avg. Volume (3M)4.66M659.95K

Risk-Adjusted Performance

Risk-Return Positioning

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

Risk-Adjusted Metrics

Risk-adjusted metrics for Corebridge Financial (CRBG) and PayPay (PAYP)
MetricCRBGPAYP
Sharpe Ratio (1Y)0.58--
Sortino Ratio (1Y)0.80--

Profitability

ROE (TTM)

Both Corebridge Financial (CRBG) at 20.08% and PayPay (PAYP) at 18.80% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

CRBG

Financial Services industry group

20.08%

Max
44.78%
Q3
21.85%
CRBG
20.08%
Median
12.91%
Q1
4.48%
Min
-18.71%

PAYP

Financial Services industry group

18.80%

Max
44.78%
Q3
21.85%
PAYP
18.80%
Median
12.91%
Q1
4.48%
Min
-18.71%
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Corebridge Financial (CRBG) vs. PayPay (PAYP): A comparison of their ROE against the Financial Services industry group benchmark.

Net Margin (TTM)

Both Corebridge Financial (CRBG) at 10.76% and PayPay (PAYP) at 15.85% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

CRBG

Financial Services industry group

10.76%

Max
62.84%
Q3
28.05%
Median
15.36%
CRBG
10.76%
Q1
4.82%
Min
-28.52%

PAYP

Financial Services industry group

15.85%

Max
62.84%
Q3
28.05%
PAYP
15.85%
Median
15.36%
Q1
4.82%
Min
-28.52%
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Corebridge Financial (CRBG) vs. PayPay (PAYP): A comparison of their net margin against the Financial Services industry group benchmark.

Operating Margin (TTM)

Both Corebridge Financial (CRBG) at 39.53% and PayPay (PAYP) at 32.79% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

CRBG

Financial Services industry group

39.53%

Max
107.33%
Q3
55.90%
CRBG
39.53%
Median
30.09%
Q1
14.60%
Min
-44.34%

PAYP

Financial Services industry group

32.79%

Max
107.33%
Q3
55.90%
PAYP
32.79%
Median
30.09%
Q1
14.60%
Min
-44.34%
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Corebridge Financial (CRBG) vs. PayPay (PAYP): A comparison of their operating margin against the Financial Services industry group benchmark.

Profitability Metrics

Profitability metrics for Corebridge Financial (CRBG) and PayPay (PAYP)
MetricCRBGPAYP
ROE (TTM)20.08%18.80%
ROA (TTM)0.65%1.34%
Net Margin (TTM)10.76%15.85%
Operating Margin (TTM)39.53%32.79%
Gross Margin (TTM)----

Growth

Revenue Growth

PayPay (PAYP) at 25.85% is around its peer norm for revenue growth, while Corebridge Financial (CRBG) at -5.07% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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Corebridge Financial (CRBG) vs. PayPay (PAYP): A comparison of their Revenue Growth across different time periods.

EPS Growth

PayPay (PAYP) at 230.06% delivers above-range EPS growth, while Corebridge Financial (CRBG) at -118.28% falls into the bottom quartile — a wide split in earnings momentum.

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Corebridge Financial (CRBG) vs. PayPay (PAYP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Corebridge Financial (CRBG) and PayPay (PAYP)
MetricCRBGPAYP
Revenue Growth (YoY)-5.07%25.85%
Revenue Growth (3Y CAGR)-11.25%23.06%
EPS Growth (YoY)-118.28%230.06%
EPS Growth (3Y CAGR)----

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Corebridge Financial (CRBG) 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 / Equity (MRQ)

debt-to-equity ratio is set aside for both: Corebridge Financial (CRBG) 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

Financial strength metrics for Corebridge Financial (CRBG) and PayPay (PAYP)
MetricCRBGPAYP
Current Ratio (MRQ)----
Debt / Equity (MRQ)----
Net Debt / EBITDA----

Dividends

Dividend Yield (TTM)

PayPay (PAYP) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Corebridge Financial (CRBG) reports a yield of 2.89%, ranking against industry peers normally.

CRBG

Financial Services industry group

2.89%

Max
9.77%
Q3
3.92%
CRBG
2.89%
Median
1.09%
Q1
0.00%
Min
0.00%

PAYP

Financial Services industry group

0.00%

Max
9.77%
Q3
3.92%
Median
1.09%
PAYP
0.00%
Q1
0.00%
Min
0.00%
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Corebridge Financial (CRBG) vs. PayPay (PAYP): A comparison of their dividend yield against the Financial Services industry group benchmark.

Dividend Payout Ratio (TTM)

PayPay (PAYP) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Corebridge Financial (CRBG) reports a payout of 22.20%, ranking against industry peers normally.

CRBG

Financial Services industry group

22.20%

Max
241.07%
Q3
97.36%
Median
25.77%
CRBG
22.20%
Q1
0.00%
Min
0.00%

PAYP

Financial Services industry group

0.00%

Max
241.07%
Q3
97.36%
Median
25.77%
PAYP
0.00%
Q1
0.00%
Min
0.00%
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Corebridge Financial (CRBG) vs. PayPay (PAYP): A comparison of their payout ratio against the Financial Services industry group benchmark.

Dividend Metrics

Dividend metrics for Corebridge Financial (CRBG) and PayPay (PAYP)
MetricCRBGPAYP
Dividend Yield (TTM)2.89%0.00%
Dividend Payout Ratio (TTM)22.20%0.00%

Valuation

P/E Ratio (TTM)

Corebridge Financial (CRBG) at 7.64 sits in the cheaper P/E ratio quartile, while PayPay (PAYP) at 23.30 is closer to its industry’s usual earnings multiple — a discount for CRBG, though growth and earnings durability still matter.

CRBG

Financial Services industry group

7.64

Max
45.85
Q3
24.64
Median
15.37
Q1
9.68
CRBG
7.64
Min
0.16

PAYP

Financial Services industry group

23.30

Max
45.85
Q3
24.64
PAYP
23.30
Median
15.37
Q1
9.68
Min
0.16
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Corebridge Financial (CRBG) vs. PayPay (PAYP): A comparison of their P/E ratio against the Financial Services industry group benchmark.

P/S Ratio (TTM)

Both Corebridge Financial (CRBG) at 0.73 and PayPay (PAYP) at 0.02 fetch a relatively low price per dollar of sales, landing in the cheaper P/S ratio quartile of their industries.

CRBG

Financial Services industry group

0.73

Max
9.23
Q3
4.57
Median
2.72
Q1
1.28
CRBG
0.73
Min
-0.55

PAYP

Financial Services industry group

0.02

Max
9.23
Q3
4.57
Median
2.72
Q1
1.28
PAYP
0.02
Min
-0.55
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Corebridge Financial (CRBG) vs. PayPay (PAYP): A comparison of their P/S ratio against the Financial Services industry group benchmark.

P/B Ratio (MRQ)

Corebridge Financial (CRBG) at 2.41 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.

CRBG

Financial Services industry group

2.41

Max
7.79
Q3
3.63
CRBG
2.41
Median
1.57
Q1
0.81
Min
-0.39

PAYP

Financial Services industry group

3.75

Max
7.79
PAYP
3.75
Q3
3.63
Median
1.57
Q1
0.81
Min
-0.39
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Corebridge Financial (CRBG) vs. PayPay (PAYP): A comparison of their P/B ratio against the Financial Services industry group benchmark.

Valuation Metrics

Valuation metrics for Corebridge Financial (CRBG) and PayPay (PAYP)
MetricCRBGPAYP
P/E Ratio (TTM)7.6423.30
P/S Ratio (TTM)0.730.02
P/B Ratio (MRQ)2.413.75
Free Cash Flow Yield (TTM)----