Archive · 26 Jul 2026
PhonePe FY26 revenue rises 11% to ₹7,920 crore; net loss widens 62%
PhonePe, a major fintech company in India, reported its financial results for the fiscal year 2026.
The company's revenue increased by 11% to ₹7,920 crore, but its net loss widened by 62% to ₹2,792 crore.
This increase in losses is due to investments in new businesses like Share.Market, Pincode, insurance, and Indus Appstore.
The company also had higher operating costs, including advertising and business expansion expenses.
PhonePe, which handles over 45% of UPI transactions in India, plans to revive its IPO later this year as market conditions improve.
PhonePe's revenue for FY26 increased by 11% to ₹7,920 crore.
Net loss for FY26 widened by 62% to ₹2,792 crore.
Investments in new ventures contributed to the increased losses.
Adjusted operating revenue showed strong momentum in the second half of FY26.
Total expenses increased by 13% year-on-year to ₹10,588.5 crore.
- Who
- PhonePe
- What
- Reported financial results for FY26
- When
- FY26
- Where
- India
- Why
- To provide transparency ahead of its IPO
Investment in Growth
Financial Performance
Investment Strategy
Investment in Growth
PhonePe is investing heavily in new ventures like Share.Market, Pincode, insurance, and Indus Appstore to drive future growth.
Financial Performance
These investments have led to a significant increase in net losses, raising concerns about financial sustainability.
Revenue Growth
Investment in Growth
The company's revenue grew by 11%, indicating strong business momentum.
Financial Performance
Despite revenue growth, the net loss widened by 62%, highlighting financial challenges.
IPO Plans
Investment in Growth
PhonePe is preparing for an IPO, which could bring in significant capital to support its growth initiatives.
Financial Performance
The IPO has been deferred multiple times due to market conditions, causing uncertainty about the company's financial future.
- Revenue FY26
- ₹7,920 crore
- Revenue FY25
- ₹7,115 crore
- Net Loss FY26
- ₹2,792 crore
- Net Loss FY25
- ₹1,727 crore
- Adjusted Operating Revenue H1 FY26
- ₹3,162 crore
- Adjusted Operating Revenue H2 FY26
- ₹3,746 crore
- Total Expenses FY26
- ₹10,588.5 crore
- UPI Transaction Share
- Over 45%
