Market Data Current As Of: September 12, 2026
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Explore PhonePe
Core profile pages, annual revenue records, and related research hubs for this company.
Compare market positioning with top industry peers
Explore PhonePe
Core profile pages, annual revenue records, and related research hubs for this company.
Financial Performance
Revenue
$650 Million (FY2026 Operational Net Revenue)
Employees
5,500
Originally acquired by Flipkart in 2016 for approximately $20 million shortly after founding, PhonePe was spun off into an independent corporate entity in December 2022 with Walmart retaining an ~85% controlling stake. Raising over $850 million in private capital at a pre-money valuation of $12 billion, PhonePe generates over $650 million in annual operational revenue, achieving standalone operating cash flow positivity ahead of an Indian public listing.
| Fiscal Year | Revenue | YoY Change |
|---|---|---|
| FY2026 | $650M | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.
Click any row to see year details.
PhonePe reported approximately $650M in fiscal year 2026 with a team of 5,500 employees worldwide.
PhonePe strategically balances reinvestment into core R&D with operational cost discipline, focusing on workflow automation to expand operating margins in 2026.
Financial performance in Financial Technology, Mobile Payments, UPI Infrastructure, WealthTech, Insurance & Consumer Internet is driven by steady cash generation and pricing power, enabling PhonePe to reinvest in high-return strategic initiatives.
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "PhonePe Revenue & Financials." CorpDigest, https://corpdigest.com/company/phonepe/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>PhonePe reported $650M in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/phonepe/financials" target="_blank" rel="noopener">CorpDigest — PhonePe financials</a></div>