GMO Payment Gateway, Inc.
3769・Prime Market・Information & Communication
Payment Agency Business
GMO-PG's core segment. Accounts for approximately 74% of revenue and approximately 92% of operating profit.
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue (H1 FY2026, ending March 2026, cumulative) | ¥34,187 million | ¥30,441 million | ↑ |
| Segment profit (operating profit) (H1 FY2026, ending March 2026, cumulative) | ¥17,220 million | ¥14,594 million | ↑ |
| Revenue growth rate (year-on-year) | up 12.3% | – | ↑ |
| Segment profit growth rate (year-on-year) | up 18.0% | – | ↑ |
| GMO-PG (standalone) online payment revenue growth rate (year-on-year) | up 10.2% | – | ↑ |
| GMO Epsilon "fincode byGMO" payment processing value growth rate (year-on-year) | up 45.6% | – | ↑ |
Business Details
Operates Payment Agency Service (Online Billing / Recurring Billing) and Payment Agency Service (Face-to-Face), as well as BaaS (Banking as a Service) Support for financial institutions and business operators. GMO Payment Gateway Inc. and GMO Epsilon Co., Ltd. handle online payments, while GMO Financial Gate, Inc. handles face-to-face payments. The segment provides a comprehensive range of payment methods including credit cards, electronic money, and QR code payments, establishing its position as Japan's payment infrastructure.
Recent Overview
Profitability improved due to the early delivery of a large face-to-face segment project and reduced finance-related costs.
In H1 FY2026 (ending March 2026) (October 2025 - March 2026), revenue was ¥34,187 million (up 12.3% year-on-year) and segment profit was ¥17,220 million (up 18.0% year-on-year). In the online billing / recurring billing field, although the effect of a specific merchant's shift to in-house operations continued, GMO Epsilon's "fincode byGMO" performed well. In the face-to-face field, the early delivery of a large drugstore chain project and promotional measures for SMEs were effective. Profit growth exceeded revenue growth, partly due to the impact of temporary expenses recorded in the same period of the previous fiscal year.
Key Products
Growth Drivers
- Expansion of online payment transaction value driven by continued growth of the e-commerce market (GMO-PG standalone online payment revenue up 10.2% year-on-year)
- Strong performance of GMO Epsilon's "fincode byGMO" (payment processing value up 45.6% year-on-year)
- Improved profitability due to accelerating cashless adoption in the face-to-face field and an increasing proportion of recurring-type revenue
- Expansion of BaaS Support for financial institutions and business operators (growth in processing platform service revenue)
- Progress of payment digitalization in daily-life-related fields such as public funds, utility bills, and medical services
- Accumulation of recurring-type revenue from the full-scale operation of newly onboarded large commercial facility merchants
Risks
- Impact on revenue from specific merchants' shift to in-house operations (partial impact continued in H1 FY2026, ending March 2026)
- Risk of growth deceleration as the contribution from major merchants' revenue growth matures
- Risk of information leakage and security incidents involving credit card information (addressed through PCI DSS and ISO/IEC 27001 certification)
- Rising merchant acquisition costs due to intensifying competition with other companies
- Risk of sluggish transaction value growth due to continued low growth among small-scale e-commerce operators
- Uncertainty in overall private consumption due to increasing household thrift amid rising prices
Last updated: December 12, 2025