GMO Payment Gateway (3769) Corporate presentation summary

Performance and scale

• FY26 revenue ¥95.201bn, operating profit ¥37.641bn and EBITDA ¥41.933bn; 21 consecutive years of revenue and profit growth.

• FY26 processed ¥24.4tn across 8.71bn transactions; online payments accounted for ¥13.9tn and 6.93bn transactions.

• 173,158 active stores and 899 employees at Sep 2026; the broader merchant ID count was 875,441, up 11.8% YoY.

• The model combines recurring and transaction revenue, with customer growth driving higher payment volumes; operating profit margin is cited at ~40%.

Business model and services

• Three segments: payment processing, financial services and payment activation; FY26 revenue mix was 74%, 24% and 2%, respectively, and operating profit mix was 81%, 18% and 1%.

• Revenue streams span initial, stock, fee and spread models, tailored to merchant scale and contract structure.

• Services extend from online and in-person payments to deferred payment, lending, early settlement, remittances, payroll advances, BaaS support and merchant growth tools.

• The ecosystem serves diverse sectors, including commerce, utilities, public services, healthcare, education and transport; payment services support both merchants and consumers.

Competitive position

• Scale and capabilities include ~40 payment methods, 350 sales staff and 247 engineers; the presentation cites ~¥24.4tn annual payment volume and ~173,000 active stores.

• A single integration supports multiple payment methods; Forter fraud detection is positioned to improve approval rates and merchant sales through accumulated transaction data.

• High entry barriers include regulation, payment-company relationships, security and stable high-volume processing; payments are described as critical infrastructure with low churn.

• The ecosystem adds services such as deferred payment, early settlement, BaaS and billing-card payment to support merchant growth and feed more transactions into core processing.