IPO-bound PhonePe declares 11.5% yearly growth in revenue to ₹7,920 crore in FY26

PhonePe reported strong revenue growth in FY26, with its consolidated revenue from operations rising to ₹7,920 crore, according to regulatory filings with the Registrar of Companies (RoC). This marks an increase of ₹815 crore, or 11.47%, compared to the previous financial year.

The company said it has not recognised revenue related to the UPI Digital Incentive (DI) for FY26, as the government is yet to disburse the incentive funds to the industry. The corresponding DI revenue is expected to be reflected in PhonePe’s FY27 financial statements.