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GMO Payment Gateway
(3769)
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Rating:69Neutral
Price Target:
¥9,646.00
▲(1.57% Upside)
Action:Downgraded
Date:08/18/26
The score is driven primarily by strong financial profitability and returns, partially offset by slowing top-line momentum and weaker recent cash-flow trends. Technicals add caution due to trading below short- and mid-term moving averages, and valuation is only moderately supportive given a ~26.5 P/E and modest ~1.63% yield.
Positive Factors
High and Sustainable Profitability
The payment platform operates with strong gross and operating margins, indicating attractive economics and potential operating leverage. This profitability provides resilience against moderate volume fluctuations and supports continued investment in products, infrastructure, and merchant services.
Negative Factors
Slowing Revenue Growth
The sharp deceleration in revenue growth suggests the core payment business may be facing a more mature market, tougher comparisons, or slower merchant and transaction expansion. If persistent, slower scale benefits could limit future profit growth despite strong margins.
Read all positive and negative factors
Positive Factors
Negative Factors
High and Sustainable Profitability
The payment platform operates with strong gross and operating margins, indicating attractive economics and potential operating leverage. This profitability provides resilience against moderate volume fluctuations and supports continued investment in products, infrastructure, and merchant services.
Read all positive factors
GMO Payment Gateway (3769) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥714.13B
Dividend Yield1.5%
Average Volume (3M)194.85K
Price to Earnings (P/E)28.9
Beta (1Y)0.51
Revenue Growth13.19%
EPS Growth25.73%
CountryJP
Employees882
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)332.25
Shares Outstanding76,557,550
10 Day Avg. Volume198,670
30 Day Avg. Volume194,853
Financial Highlights & Ratios
PEG Ratio1.73
Price to Book (P/B)5.57
Price to Sales (P/S)7.63
P/FCF Ratio11.61
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)329.89
Revenue Forecast (FY)¥95.07B
GMO Payment Gateway Business Overview & Revenue Model
Company Description
Based in Tokyo, Japan, and founded in 1995, GMO Payment Gateway, Inc. delivers a wide array of financial services and integrated payment solutions through its three core segments: Payment Enhancement, Payment Processing, and Money Service. The com...
How the Company Makes Money
GMO Payment Gateway makes money primarily by enabling merchants to accept and process electronic payments and by charging fees tied to those payment activities. Key revenue streams typically include: (1) payment processing / transaction fees charg...
GMO Payment Gateway Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
74
Positive
Cash Flow
66
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 91.22B | 82.50B | 73.78B | 63.12B | 50.30B | 41.67B |
| Gross Profit | 60.20B | 55.49B | 48.10B | 39.98B | 33.63B | 28.10B |
| EBITDA | 41.87B | 36.34B | 31.47B | 23.85B | 37.13B | 15.38B |
| Net Income | 25.22B | 21.83B | 18.70B | 13.47B | 24.15B | 8.82B |
Balance Sheet | ||||||
| Total Assets | 429.77B | 406.80B | 344.70B | 292.35B | 273.41B | 215.46B |
| Cash, Cash Equivalents and Short-Term Investments | 205.48B | 220.04B | 174.05B | 138.96B | 130.47B | 106.52B |
| Total Debt | 53.89B | 65.38B | 55.86B | 51.16B | 45.02B | 38.26B |
| Total Liabilities | 301.08B | 290.62B | 238.88B | 197.54B | 184.15B | 157.64B |
| Stockholders Equity | 125.08B | 113.01B | 102.90B | 92.27B | 87.12B | 55.85B |
Cash Flow | ||||||
| Free Cash Flow | 34.17B | 54.22B | 49.58B | 5.97B | 9.65B | -6.41B |
| Operating Cash Flow | 34.62B | 54.50B | 50.08B | 6.50B | 9.97B | -6.16B |
| Investing Cash Flow | -10.12B | -8.07B | -5.82B | 17.41B | -4.73B | 2.20B |
| Financing Cash Flow | -6.53B | -1.24B | -3.75B | -6.44B | 2.61B | 12.64B |
GMO Payment Gateway Technical Analysis
Positive
9497.00
Price Trends
9443.60
Negative
8881.08
Positive
8895.71
Positive
Market Momentum
-55.05
Positive
47.20
Neutral
50.13
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3769, the sentiment is Positive. The current price of 9497 is below the 20-day moving average (MA) of 9713.20, above the 50-day MA of 9443.60, and above the 200-day MA of 8895.71, indicating a neutral trend. The MACD of -55.05 indicates Positive momentum. The RSI at 47.20 is Neutral, neither overbought nor oversold. The STOCH value of 50.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3769.
GMO Payment Gateway Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | ¥9.66B | 15.32 | ― | 1.22% | 15.31% | 40.40% | |
83 Outperform | ¥67.10B | 30.55 | ― | 0.83% | 20.60% | 35.88% | |
78 Outperform | ¥7.96B | 15.73 | ― | 2.58% | 13.25% | 35.07% | |
73 Outperform | ¥13.33B | 8.63 | ― | 2.16% | -3.72% | 138.33% | |
69 Neutral | ¥714.13B | 28.91 | 21.37% | 1.54% | 13.19% | 25.73% | |
67 Neutral | ¥5.53B | 19.99 | ― | 2.50% | 6.91% | 94.01% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
JP:3769
GMO Payment Gateway
9,606.00
1,188.26
14.12%
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GMO Payment Gateway Corporate Events
GMO Payment Gateway Posts Strong Q3 Results and Plans Higher Dividend
Aug 14, 2026
GMO Payment Gateway reported strong growth for the nine months ended June 30, 2026, with revenue rising 14.3% year on year to ¥69.7 billion and operating profit climbing 24.2% to ¥29.1 billion. Profit attributable to owners of the parent...
GMO Payment Gateway Raises ¥10 Billion via Three-Year Unsecured Bond
Jul 10, 2026
GMO Payment Gateway has set the terms for its third issuance of unsecured straight bonds with a limited inter-bond pari passu clause, raising 10 billion yen in the domestic market. The three-year bonds, carrying an annual coupon of 2.286 percent a...
GMO Payment Gateway Redeems ¥20 Billion Zero Coupon Convertible Bonds at Maturity
Jun 22, 2026
GMO Payment Gateway said it has fully redeemed its ¥20 billion zero coupon convertible bonds that were issued in 2021 and reached maturity on June 22, 2026. The company noted that no conversion into shares took place before the deadline, mean...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.