PAYP vs. V: PayPay vs. Visa Stock Comparison

November 11, 2026

How do PayPay (PAYP) and Visa (V) 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

PayPay (PAYP) and Visa (V) are both classified in the Transaction & Payment Processing Services sub-industry within the broader Financial Services industry, placing them in the closest GICS peer bucket.

Visa (V) has been public since March 19, 2008 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.

Visa (V) 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 PayPay (PAYP) and Visa (V)
Profile Item	PAYP	V
Name	PayPay Corp ADR	Visa Inc. Class A
Country/Region	Japan	United States
GICS Sector	Financials	Financials
GICS Industry Group	Financial Services	Financial Services
GICS Industry	Financial Services	Financial Services
GICS Sub-Industry	Transaction & Payment Processing Services	Transaction & Payment Processing Services
Market Capitalization	10.10 billion USD	788.58 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	March 12, 2026	March 19, 2008
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

PAYP

GSPC

PayPay (PAYP) vs. Visa (V), 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 PayPay (PAYP) and Visa (V). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for PayPay (PAYP) and Visa (V)
Metric	PAYP	V
Total Return (1Y)	--	27.50%
Total Return (3Y, Annualized)	--	21.55%
Total Return (5Y, Annualized)	--	15.65%

Risk Profile

Drawdown History

PAYP

GSPC

PayPay (PAYP) vs. Visa (V), 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 PayPay (PAYP) and Visa (V). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for PayPay (PAYP) and Visa (V)
Metric	PAYP	V
Volatility (1Y, Annualized)	73.49%	22.99%
Beta (5Y)	0.24	0.78
Max Drawdown (5Y)	-49.63%	-24.14%
Avg. Volume (3M)	659.95K	6.56M

Risk-Adjusted Performance

Risk-Return Positioning

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

Risk-Adjusted Metrics

Risk-adjusted metrics for PayPay (PAYP) and Visa (V)
Metric	PAYP	V
Sharpe Ratio (1Y)	--	1.01
Sortino Ratio (1Y)	--	1.64

Profitability

ROE (TTM)

Visa (V) at 63.51% clears its industry range for ROE, a sharper capital-efficiency signal than PayPay (PAYP) at 18.80%, which is closer to a typical peer reading.

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%

V

Financial Services industry group

63.51%

V: 63.51%
Max: 44.78%
Q3: 21.85%
Median: 12.91%
Q1: 4.48%
Min: -18.71%

PayPay (PAYP) vs. Visa (V): A comparison of their ROE against the Financial Services industry group benchmark.

Net Margin (TTM)

Visa (V) at 51.20% retains a top-quartile share of revenue as profit, ahead of PayPay (PAYP) at 15.85%, which keeps about the industry-typical share.

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%

V

Financial Services industry group

51.20%

Max: 62.84%
V: 51.20%
Q3: 28.05%
Median: 15.36%
Q1: 4.82%
Min: -28.52%

PayPay (PAYP) vs. Visa (V): A comparison of their net margin against the Financial Services industry group benchmark.

Operating Margin (TTM)

Visa (V) at 63.73% operates in the top operating margin quartile, ahead of PayPay (PAYP) at 32.79%, which runs around its industry’s norm.

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%

V

Financial Services industry group

63.73%

Max: 107.33%
V: 63.73%
Q3: 55.90%
Median: 30.09%
Q1: 14.60%
Min: -44.34%

PayPay (PAYP) vs. Visa (V): A comparison of their operating margin against the Financial Services industry group benchmark.

Profitability Metrics

Profitability metrics for PayPay (PAYP) and Visa (V)
Metric	PAYP	V
ROE (TTM)	18.80%	63.51%
ROA (TTM)	1.34%	19.61%
Net Margin (TTM)	15.85%	51.20%
Operating Margin (TTM)	32.79%	63.73%
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Both PayPay (PAYP) at 25.85% and Visa (V) at 14.76% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

PayPay (PAYP) vs. Visa (V): A comparison of their Revenue Growth across different time periods.

EPS Growth

PayPay (PAYP) at 230.06% clears its industry range for EPS growth, a much stronger earnings trajectory than Visa (V) at 20.78%, which is closer to a typical peer reading.

PayPay (PAYP) vs. Visa (V): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for PayPay (PAYP) and Visa (V)
Metric	PAYP	V
Revenue Growth (YoY)	25.85%	14.76%
Revenue Growth (3Y CAGR)	23.06%	12.02%
EPS Growth (YoY)	230.06%	20.78%
EPS Growth (3Y CAGR)	--	14.16%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: PayPay (PAYP) in Financial Services and Visa (V) 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: PayPay (PAYP) in Financial Services and Visa (V) 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 PayPay (PAYP) and Visa (V)
Metric	PAYP	V
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 Visa (V) reports a yield of 0.66%, ranking against industry peers normally.

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%

V

Financial Services industry group

0.66%

Max: 9.77%
Q3: 3.92%
Median: 1.09%
V: 0.66%
Q1: 0.00%
Min: 0.00%

PayPay (PAYP) vs. Visa (V): 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 Visa (V) reports a payout of 21.75%, ranking against industry peers normally.

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%

V

Financial Services industry group

21.75%

Max: 241.07%
Q3: 97.36%
Median: 25.77%
V: 21.75%
Q1: 0.00%
Min: 0.00%

PayPay (PAYP) vs. Visa (V): A comparison of their payout ratio against the Financial Services industry group benchmark.

Dividend Metrics

Dividend metrics for PayPay (PAYP) and Visa (V)
Metric	PAYP	V
Dividend Yield (TTM)	0.00%	0.66%
Dividend Payout Ratio (TTM)	0.00%	21.75%

Valuation

P/E Ratio (TTM)

PayPay (PAYP) at 23.30 is near its industry’s usual P/E ratio, while Visa (V) at 34.31 sits in the richer quartile — V needs stronger growth or earnings quality to justify the premium.

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

V

Financial Services industry group

34.31

Max: 45.85
V: 34.31
Q3: 24.64
Median: 15.37
Q1: 9.68
Min: 0.16

PayPay (PAYP) vs. Visa (V): A comparison of their P/E ratio against the Financial Services industry group benchmark.

P/S Ratio (TTM)

PayPay (PAYP) at 0.02 sits in the cheaper P/S ratio quartile while Visa (V) at 17.18 prices above its industry range — a wide gap in sales valuation between them.

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

V

Financial Services industry group

17.18

V: 17.18
Max: 9.23
Q3: 4.57
Median: 2.72
Q1: 1.28
Min: -0.55

PayPay (PAYP) vs. Visa (V): A comparison of their P/S ratio against the Financial Services industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: PayPay (PAYP) at 3.75 sits in the upper P/B ratio quartile, and Visa (V) at 22.05 prices even higher, above its industry range.

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

V

Financial Services industry group

22.05

V: 22.05
Max: 7.79
Q3: 3.63
Median: 1.57
Q1: 0.81
Min: -0.39

PayPay (PAYP) vs. Visa (V): A comparison of their P/B ratio against the Financial Services industry group benchmark.

Valuation Metrics

Valuation metrics for PayPay (PAYP) and Visa (V)
Metric	PAYP	V
P/E Ratio (TTM)	23.30	34.31
P/S Ratio (TTM)	0.02	17.18
P/B Ratio (MRQ)	3.75	22.05
Free Cash Flow Yield (TTM)	--	--