Flipkart
Financial Performance
Flipkart Revenue & Financials
Revenue
~$9.6B (FY2025)
Employees
45,000
What is Flipkart's revenue?
Flipkart had ~$9.6B in revenue for fiscal year 2025, up 17.4% from 2024. It reported a net loss of ~$601.9M.
- Latest revenue
- ~$9.6B (FY2025)
- Year-over-year
- +17.4%
- Growth rate (CAGR)
- 21.7% over 2 years
- Peak revenue
- ~$9.6B (FY2025)
- Years of data
- 3
- Employees
- 45,000
- How much profit does Flipkart make?
- Flipkart reported a net loss of ~$601.9M for fiscal year 2025. outlookbusiness.com
- How many employees does Flipkart have?
- Flipkart has about 45,000 employees.
Financial Analysis
Flipkart has grown revenue steadily while still losing money. Flipkart India Pvt Ltd's consolidated revenue from operations rose from ~$6.49 billion (₹55,924 crore) in FY2023 to ~$8.18 billion (₹70,542 crore) in FY2024 and ~$9.6 billion (₹82,787 crore) in FY2025 (+17.3%), but its consolidated loss widened from ~$493 million (₹4,248 crore) to ~$602 million (₹5,189 crore). The marketplace arm, Flipkart Internet, is improving faster: FY2025 revenue reached ~$2.38 billion (₹20,493 crore) and its net loss fell 37% to ~$173 million (₹1,494 crore), with EBITDA loss narrowing to ~$125 million (₹1,078 crore). Walmart paid $16 billion for 77% in 2018; later private valuations were $37.6 billion (2021 round), about $36 billion (2024 round led by Walmart with Google participating) and about $38.2 billion in a July 2026 employee buyback. Reports in September 2026 said Flipkart was targeting an IPO valuation near $50 billion, though the timeline remains uncertain.
Revenue Trend Analysis
YoY Change
+17.4%
2-Year CAGR
+21.7%
Peak Year
2025
Trend
Not enough comparable years
Flipkart has 3 full fiscal year figures on this page, compounding at +21.7% annually over 2 years. The most recent year saw a 17.4% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at ~$9.6B. Of 2 comparable year-over-year steps, 2 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2025 | ~$9.6B | -~$601.9M | +17.4% | Flipkart India consolidated results (RoC filing) Flipkart India (wholesale entity) revenue from operations, fiscal year ended 31 March 2025. The marketplace entity Flipkart Internet reported a further ~$2.38 billion (20,493 crore rupees). |
| FY2024 | ~$8.2B | -~$492.8M | +26.1% | Flipkart India consolidated results (RoC filing) Flipkart India revenue from operations, fiscal year ended 31 March 2024. |
| FY2023 | ~$6.5B | — | — | Flipkart India results (RoC filing), via Inc42 Flipkart India (wholesale entity) revenue from operations, fiscal year ended 31 March 2023: ~$6.49 billion (55,923.9 crore rupees), up from 50,992.5 crore in FY22. |
Click any row to see year details.
Keep researching Flipkart
Flipkart Revenue and Financial FAQ
What is Flipkart's annual revenue scale and Gross Merchandise Value (GMV)?
Flipkart generates consolidated annual revenues exceeding ~$6.5 billion (₹56,000 crore) to ₹65,000+ crore (approximately $7.0 billion to $8.0+ billion USD), powering over $25 billion to $30+ billion in annual Gross Merchandise Value (GMV) across its e-commerce platforms.
What is Flipkart's valuation and the financial backing provided by Walmart?
Following multi-billion-dollar capital infusions from Walmart, SoftBank, and sovereign funds, Flipkart achieved private market valuations of $37.6 billion in 2021 and about $36 billion in 2024, supported by Walmart's fortress balance sheet.
What are the primary expense drivers in Flipkart's financial operations?
Flipkart's primary operating expenses include logistics, warehousing, and transportation costs (Ekart), digital marketing and customer acquisition spend, employee compensation for tech engineering and data science teams, and server cloud infrastructure.
What is Flipkart's pathway toward operational EBITDA profitability?
Flipkart has steadily reduced operating cash burn by expanding high-margin advertising revenues (Flipkart Ads), monetizing logistics for third-party shippers, optimizing automated fulfillment center costs, and scaling high-margin fashion and beauty sales on Myntra.
How do Big Billion Days festive sales contribute to Flipkart's financial performance?
The annual Big Billion Days sale accounts for a large percentage of Flipkart's annual GMV and revenue, driving tens of millions of transacting buyers, surging advertising monetization, and record consumer electronics sales.
What was the financial impact of the PhonePe separation on Flipkart's balance sheet?
The complete separation of PhonePe in December 2022 unlocked independent capitalization for both entities; Walmart remained the majority shareholder of both firms, while Flipkart streamlined its financial focus exclusively on e-commerce, logistics, and retail media.
What capital investments has Flipkart made in supply chain automation?
Flipkart has invested hundreds of millions of dollars in constructing large, multi-million-square-foot automated fulfillment centers (such as its mega-centers in Haringhata, West Bengal, and Malur, Karnataka), deploying robotic automated guided vehicles (AGVs) for parcel sortation.
What are Flipkart's preparations for an Initial Public Offering (IPO)?
Flipkart completed a reverse flip in March 2026, moving its holding company's domicile from Singapore to India after NCLT and government approvals, so it can list on Indian exchanges. It began talks with banks in April 2026 but paused IPO discussions in May 2026 amid market volatility. Reports in September 2026 said it was targeting a valuation of about $50 billion, up from about $38.2 billion in a July 2026 employee buyback.
Why did Walmart buy Flipkart?
In 2018, Walmart executed a massive, historic $16 billion acquisition to buy 77% of Flipkart. Walmart was desperate to enter the massive, rapidly growing Indian market but was legally blocked from opening physical superstores. Buying Flipkart was Walmart's aggressive, multi-billion-dollar bet to completely block Amazon from dominating India.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Flipkart Revenue & Financials." CorpDigest, https://corpdigest.com/company/flipkart/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Flipkart reported ~$9.6B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/flipkart/financials" target="_blank" rel="noopener">CorpDigest — Flipkart financials</a></div>Related Financial Audits
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