GMO Payment Gateway (3769) Q2 2026 earnings summary

Executive summary

• Q2 FY2026 operating profit grew 26.9% year-over-year, exceeding the 1H plan by 4%.

• Revenue for the six months ended March 31, 2026, was ¥46,084 million, up 13.1% year-over-year.

• Operating profit rose 22.7% to ¥18,792 million compared to the same period last year.

• Profit attributable to owners of parent increased 22.1% to ¥12,537 million year-over-year.

• Progress continues toward the ¥100.0 bn operating profit target by FY2030 or FY2031.

Financial highlights

• 1H FY2026 revenue: ¥46,084 mil (+13.1% YoY); gross profit: ¥30,500 mil (+10.7% YoY); operating profit: ¥18,792 mil (+22.7% YoY); pre-tax profit: ¥18,867 mil (+19.8% YoY); profit attributable to owners: ¥12,042 mil (+22.3% YoY).

• Q2 FY2026 revenue: ¥23,592 mil (+15.3% YoY); operating profit: ¥10,230 mil (+26.9% YoY).

• Diluted earnings per share for the six months was ¥158.60, up from ¥129.85 year-over-year.

• Total assets as of March 31, 2026, were ¥451,535 million, up from ¥406,800 million at September 30, 2025.

• EBITDA for FY2025: ¥35,261 mil; EBITDA margin trending above 40%.

Outlook and guidance

• On track to achieve ¥100.0 bn operating profit by FY2030 or FY2031, driven by market expansion, share gains, and profitability improvements.

• FY2026 OP target: ¥37.6 bn, with continued focus on large-scale projects and value-added domains.

• Full-year revenue forecast for FY2026 is ¥93,235 million, a 13.0% increase year-over-year.

• Operating profit is projected at ¥37,639 million, up 20.1% year-over-year.

• Dividend forecast for FY2026 is ¥170.00 per share, up from ¥144.00 in FY2025.