GMO Payment Gateway, Inc. · Year ended September 2025
GMO Payment Gateway brings card contracts and payment data together
GMO Payment Gateway helps businesses accept and manage payments, from online shops and utility bills to cards used in physical stores. Its group also provides pay-later services, transfers and earlier settlement of merchant proceeds.
Card-payment data travels from merchant to payment company
An editorial view of card-payment processing. Arrows show orders and payment information.
Payer
Choose goods or services and pay by card
Order / payment details →Merchant
Receive the order and send payment information
Payment information →GMO-PG
Process payment data and connect to payment companies
Payment data →Card companies
Handle card-payment processing
What the revenue depends on
- Stock
- Active merchants × fixed monthly charge
- Fee
- Processing count × processing charge
- Spread
- Revenue linked to payment value
The combination of charges depends on the contract. Under representative merchant contracts, GMO-PG also handles settlement to merchants; under direct merchant contracts it handles data processing. The arrows above do not show settlement or fee-payment routes.
Source: IR Introduction: Position p.11 · Revenue model p.12 · Contracts p.13
A monthly charge and charges linked to use
Processing ¥21.8 trillion and recording revenue on another basis
Separate the year’s revenue by how it is earned
Actual consolidated revenue, year ended September 2025. All four bars use ¥ million, truncated below ¥1 million, on a common scale starting at zero. Payment processing value is excluded.
Source: financial results, physical PDF page 4. Truncating each category below ¥1 million means the displayed bars do not sum exactly to consolidated revenue of ¥82,499 million.
Money owed to merchants also appears on the balance sheet
Keeping payments working supports the earnings
Reliable processing requires systems and support. The company describes a second-quarter system incident and includes ¥1.028 billion of one-time expense in its annual operating-profit bridge (results briefing, physical PDF page 7 and page 32). Repeated payment use produces revenue, while maintaining the processing service also incurs costs.
Taking on merchants’ payment work
An editorial summary of the disclosed contracts and revenue models.
- Connections and contractsIntroduce and manage payment methods; process payment information
- Revenue from useDistinguish monthly charges, processing counts and payment values
- Merchant settlementRepresentative contracts also involve settlement and temporary deposits
THE VIEW AFTER THE NUMBERS
What the numbers suggest
GMO-PG brings together work that merchants would otherwise handle with separate payment companies, connecting contracts, payment data and settlement. Understanding its income requires distinguishing the merchant base from processing counts and values.
In the year ended September 2025, fixed-charge and processing-related revenues grew, and the revenue mix within payment processing changed. About ¥21.8 trillion of processed payments shows the reach of that work. Separating it from the group’s own revenue and money owed to merchants reveals the business behind accepting a payment.
Primary sources used
FY2025 IR Introduction (Japanese)
GMO Payment Gateway, Inc. · 2025-11-13
Pages used: p.11-13 / p.12,15 / p.28-29
Open source →FY2025 Results Briefing (Japanese)
GMO Payment Gateway, Inc. · 2025-11-13
Pages used: p.5 / p.28,37-38
Open source →FY2025 Financial Results, IFRS (Japanese)
GMO Payment Gateway, Inc. · 2025-11-13
Pages used: p.1,6 / p.4
Open source →