ICE vs. PAYP: Intercontinental Exchange vs. PayPay Stock Comparison

Company Profile

Intercontinental Exchange (ICE) and PayPay (PAYP) both fall under the Financial Services industry group, but ICE is classified in Capital Markets while PAYP is classified in Financial Services.

Intercontinental Exchange (ICE) has been public since November 16, 2005, giving it decades of market history across multiple cycles, while PayPay (PAYP) listed only on March 12, 2026 and lacks comparable through-cycle data.

Intercontinental Exchange (ICE) 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

Risk-Adjusted Performance

Risk-Return Positioning

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

Risk-Adjusted Metrics

Profitability

Both Intercontinental Exchange (ICE) at 14.40% 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.

Intercontinental Exchange (ICE) at 38.14% retains a top-quartile share of revenue as profit, ahead of PayPay (PAYP) at 15.85%, which keeps about the industry-typical share.

Both Intercontinental Exchange (ICE) at 52.77% and PayPay (PAYP) at 32.79% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

Profitability Metrics

Growth

Both Intercontinental Exchange (ICE) at 7.47% 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% clears its industry range for EPS growth, a much stronger earnings trajectory than Intercontinental Exchange (ICE) at 20.71%, which is closer to a typical peer reading.

Growth Metrics

Financial Strength

current ratio doesn’t apply on either side: Intercontinental Exchange (ICE) 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: Intercontinental Exchange (ICE) 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

PayPay (PAYP) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Intercontinental Exchange (ICE) reports a yield of 1.17%, ranking against industry peers normally.

PayPay (PAYP) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Intercontinental Exchange (ICE) reports a payout of 27.79%, ranking against industry peers normally.

Dividend Metrics

Valuation

Both Intercontinental Exchange (ICE) at 23.47 and PayPay (PAYP) at 23.30 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

PayPay (PAYP) at 0.02 looks cheap on sales in the lower P/S ratio quartile, while Intercontinental Exchange (ICE) at 8.82 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

Intercontinental Exchange (ICE) at 3.22 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