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PhonePe FY26 Loss Widens 62% to ₹2,792 Cr as Revenue Rises 11.5%
PhonePe’s FY26 loss widened to ₹2,792 crore despite 11.5% operating-revenue growth, pressured by ESOPs, marketing, payment-processing costs and write-offs. The Indian payments leader shut Pincode, impaired Indus Appstore goodwill, and deferred its planned IPO amid market volatility.
Reported figures
From the report. Source details below
| FY26 net loss: | ₹2,792 Cr, up 62% from ₹1,727.4 Cr in FY25 |
|---|---|
| FY26 operating revenue: | ₹7,920.5 Cr, up 11.5% YoY |
| FY26 total revenue including other income: | ₹8,387.9 Cr, up 10% YoY |
| FY26 total expenses: | ₹10,588.5 Cr, up over 16% YoY |
| Goodwill impairment on Indus Appstore: | ₹684.7 Cr |
| Exceptional gain from sale of 5% MapmyIndia stake: | ₹434.5 Cr |
| Pincode discontinued-operations loss: | ₹364.7 Cr |
| Marketing spend: | ₹956 Cr, versus ₹496 Cr in FY25 |
| Proposed IPO valuation: | $9 Bn-$10.5 Bn; expected raise: $900 Mn-$1.5 Bn |