PAYP (PayPay) Selling, General, & Admin. Expense: $648 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

PAYP PayPay Corp PAYP
16 GF Score
Price $15.16
! 5 Warning Signs
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What is PayPay Selling, General, & Admin. Expense?

PayPay PAYP -5.28% 16 Selling, General, & Admin. Expense is $648 Mil as of Mar. 2026. GuruFocus rates PAYP with a GF Score™ of 16/100. The stock has 5 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. PayPay's selling, general, & admin. expense for the three months ended in Mar. 2026 was $160 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was $648 Mil.


PayPay  (NAS:PAYP) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


PayPay Selling, General, & Admin. Expense Related Terms


PayPay Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for PayPay's Selling, General, & Admin. Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

PayPay Selling, General, & Admin. Expense Chart

PayPay Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Selling, General, & Admin. Expense
651.93 611.81 602.85 619.48

PayPay Quarterly Data
Mar23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Selling, General, & Admin. Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only 163.93 161.11 167.67 159.53 159.79

PAYP vs GDDY, SAIL, CHKP: Selling, General, & Admin. Expense Comparison

For the Software - Infrastructure subindustry, PayPay's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PayPay Selling, General, & Admin. Expense vs Software Industry

For the Software industry and Technology sector, PayPay's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where PayPay's Selling, General, & Admin. Expense falls into.


PAYP
16GF Score
PayPay Corp PAYP
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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PayPay Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $648 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Selling, General, & Admin. Expense of $648 Mil mean?
PayPay (PAYP) has a Selling, General, & Admin. Expense of $648 Mil as of Mar. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on PayPay and its competitors.
Is PayPay's Selling, General, & Admin. Expense too high?
PayPay's current Selling, General, & Admin. Expense is $648 Mil. Overall, PayPay has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does PayPay's Selling, General, & Admin. Expense compare to GDDY and SAIL?
PayPay's Selling, General, & Admin. Expense of $648 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a Software company?
A good Selling, General, & Admin. Expense depends on the Software industry context. However, Selling, General, & Admin. Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on PayPay and its competitors. PayPay's current Selling, General, & Admin. Expense is $648 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PayPay stock overvalued right now?
PayPay (PAYP) has a current Selling, General, & Admin. Expense of $648 Mil. The current Selling, General, & Admin. Expense is $648 Mil. PayPay's overall GF Score™ is 16/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For PayPay (PAYP), the current Selling, General, & Admin. Expense is $648 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

PayPay Business Description

Other Exchanges BS7:Germany
Address 1-6-1 Yotsuya, Yotsuya Tower, Shinjuku-ku, Tokyo, JPN, 160-0004
PayPay is a fintech company jointly owned by Softbank and LY. It was founded in 2018, following the success of Alipay and WeChat Pay in China, and was the pioneering code payment app in Japan. Over the past seven years, it has amassed more than 70 million users and is the market leader in code payments.
16GF Score

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Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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