SynopsisWalmart-owned fintech company PhonePe has posted an 11% increase in its operating revenue for fiscal 2026 at Rs 7,920 crore. Its net loss, however surged 62% during the year to Rs 2,792 crore, according to regulatory documents sourced from Tofler.Walmart-owned fintech PhonePe's operating revenue grew 11% year-on-year to Rs 7,920 crore in FY26, marking a sharp slowdown from the previous year's growth. Its net loss surged 62% during the year to Rs 2,792 crore, according to regulatory documents sourced from Tofler.The company’s 11% topline growth is much slower than the 40% growth it reported in FY25 and 74% in the fiscal before that. Besides slowing revenue growth, total expenses also roseNow Playing
PhonePe FY26 losses surge 62% to Rs 2,792 crore, revenue up 11% - The Economic Times
Walmart-owned fintech company PhonePe has posted an 11% increase in its operating revenue for fiscal 2026 at Rs 7,920 crore. Its net loss, however surged 62% during the year to Rs 2,792 crore, according to regulatory documents sourced from Tofler.
TL;DRAI
PhonePe revenue grew 11% YoY to Rs 7,920 crore in FY26, but net losses surged 62% to Rs 2,792 crore. Profitability stalled while growth collapsed from 40% to 11%—Walmart's fintech bet faces unit economics crisis and rising cash burn headwinds.
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