PAYP vs. TW: PayPay vs. Tradeweb Markets Stock Comparison

Company Profile

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

Tradeweb Markets (TW) has been public since April 4, 2019 with a meaningfully longer listed history, while PayPay (PAYP) only listed on March 12, 2026 — long-window metrics on the PAYP side should be interpreted with caution.

Tradeweb Markets (TW) 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 PAYP and TW need 1-year volatility and 1-year return to plot risk-return positioning.

Risk-Adjusted Metrics

Profitability

Both PayPay (PAYP) at 18.80% and Tradeweb Markets (TW) at 14.46% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

Tradeweb Markets (TW) at 39.86% retains a top-quartile share of revenue as profit, ahead of PayPay (PAYP) at 15.85%, which keeps about the industry-typical share.

Both PayPay (PAYP) at 32.79% and Tradeweb Markets (TW) at 43.30% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

Profitability Metrics

Growth

Both PayPay (PAYP) at 25.85% and Tradeweb Markets (TW) at 18.92% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Both companies show strong earnings momentum, but PayPay (PAYP) at 230.06% is the standout with EPS growth above its industry range; Tradeweb Markets (TW) at 62.23% also sits in the top quartile.

Growth Metrics

Financial Strength

current ratio doesn’t apply on either side: PayPay (PAYP) in Financial Services and Tradeweb Markets (TW) 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: PayPay (PAYP) in Financial Services and Tradeweb Markets (TW) 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 Tradeweb Markets (TW) reports a yield of 0.42%, 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 Tradeweb Markets (TW) reports a payout of 12.68%, ranking against industry peers normally.

Dividend Metrics

Valuation

PayPay (PAYP) at 23.30 is near its industry’s usual P/E ratio, while Tradeweb Markets (TW) at 29.98 sits in the richer quartile — TW needs stronger growth or earnings quality to justify the premium.

PayPay (PAYP) at 0.02 sits in the cheaper P/S ratio quartile while Tradeweb Markets (TW) at 12.10 prices above its industry range — a wide gap in sales valuation between them.

Both PayPay (PAYP) at 3.75 and Tradeweb Markets (TW) at 4.03 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

Valuation Metrics