Cashfree FY26: Revenue Inches Closer To ₹1,000 Cr Mark, Loss Narrows

Cashfree Payments posted operating revenue of ₹967 Cr in the fiscal year 2025-26 (FY26), a 51.1% jump from ₹640.1 Cr in FY25, per Inc42. Including other income of ₹5.03 Cr, total income for the year stood at ₹972.5 Cr.

The stronger top line helped the Indian payments fintech narrow its net loss by 23.1% to ₹118.5 Cr in FY26, down from ₹154.1 Cr in the year-ago period, Inc42 reports. Total expenses rose 37.3% to ₹1,090.9 Cr over the same period, with payment gateway processing charges — the largest cost line — climbing 66.3% to ₹697.6 Cr. Employee benefit expenses edged down slightly to ₹239 Cr from ₹243.4 Cr in FY25, and marketing spend fell 12.8% to ₹17.8 Cr.

Payment gateway commissions drove the bulk of revenue at ₹889.7 Cr in FY26, up 85% from ₹480.9 Cr the prior year, according to Inc42. Commission income from payouts contributed ₹69.4 Cr (up 25% year-on-year), while cross-border payments added ₹8 Cr, compared to nil in FY25 — reflecting a deliberate diversification away from domestic gateway volume.

Founded in 2015 by Akash Sinha and Reeju Datta, Cashfree Payments offers a payment gateway, cross-border payments, payout solutions, and banking APIs. The company claims to have served over 20 lakh (2 million) businesses since inception, processing transactions worth $80 Bn annually, with clients including MakeMyTrip, Zomato, CRED, and Delhivery. Alongside core payments, it offers user verification and KYC tools, and has entered the agentic payments space, enabling AI agents to process invoices and conduct payments autonomously via an MCP server. Cashfree has raised nearly $94 Mn in total funding from backers including Y Combinator, Apis Partners, State Bank of India, and KRAFTON.

Looking ahead, co-founder and CEO Sinha told Inc42 earlier this year that Cashfree is exploring outward investment flows to let Indian retail investors buy foreign-listed stocks, and is building infrastructure for trade payments and recurring international business payouts — moves that could further diversify revenue beyond the domestic gateway business.