According to regulatory filings accessed via Tofler, Cashfree Payments India Private Limited has demonstrated significant improvement in its financial performance for the financial year ended March 2026. The fintech company narrowed its consolidated net losses to ₹118.5 crore in FY26, representing a substantial reduction from the ₹154 crore loss recorded in FY25. This improvement reflects the company's continued focus on operational efficiency and revenue growth.
The company's revenue from operations grew over 51% to ₹967.4 crore in FY26 compared to ₹640.1 crore in the preceding fiscal year. When including other income of ₹5.04 crore, total revenue reached ₹972.5 crore for the period under review. However, total expenses increased significantly to ₹1,090.9 crore in FY26 from ₹794.7 crore in FY25, indicating the company's investment in growth initiatives and operational scaling.
As reported by the company, employee benefit expenses saw a marginal decline to ₹239.3 crore from ₹243.4 crore in the year-ago period, demonstrating some cost optimization efforts. The company's active merchant base grew 50% year-on-year in FY26, with growth distributed across both enterprise and small and medium business (SMB) segments. This expansion reflects the company's successful market penetration and customer acquisition strategies across different business segments.
According to Business Standard, Akash Sinha, Co-founder & CEO of Cashfree Payments, highlighted that FY26 was one of the most consequential years for the company. The company achieved EBITDA profitability in March 2026 and is targeting to be EBITDA profitable through all of FY27. Sinha emphasized the company's focus on scaling into a ₹3,000 crore company over the next two to three years, led by growth in the SMB segment and cross-border payments. The fintech firm, backed by SBI, Y Combinator, and Krafton, holds RBI licenses for Payment Aggregator, Payment Aggregator-Cross Border, and Prepaid Payment Instrument.
