Policybazaar
Financial Performance
Policybazaar Revenue & Financials
Revenue
~$788.1M (FY2026)
Market Cap
$5.6B
Net Income
~$77.7M
Employees
22,329
What is Policybazaar's revenue?
Policybazaar had ~$788.1M in revenue for fiscal year 2026, up 36.5% from 2025. Net income was ~$77.7M.
- Latest revenue
- ~$788.1M (FY2026)
- Year-over-year
- +36.5%
- Growth rate (CAGR)
- 47.8% over 4 years
- Peak revenue
- ~$788.1M (FY2026)
- Years of data
- 5
- Employees
- 22,329
- How much profit does Policybazaar make?
- Policybazaar reported net income of ~$77.7M for fiscal year 2026. stockanalysis.com
- How many employees does Policybazaar have?
- Policybazaar has about 22,329 employees.
Financial Analysis
PB Fintech lost money for years while it spent heavily on TV advertising and new businesses. It posted net losses of ~$96.6 million (₹833 crore) in FY2022 and ~$56.5 million (₹487 crore) in FY2023, turned profitable at ~$7.77 million (₹67 crore) in FY2024, then earned ~$40.8 million (₹352 crore) in FY2025 and ~$77.7 million (₹670 crore) in FY2026. Operating revenue rose from ~$165 million (₹1,425 crore) in FY2022 to ~$788 million (₹6,794 crore) in FY2026. In Q4 FY26 revenue reached ~$239 million (₹2,061 crore) with ~$30.3 million (₹261 crore) profit; Q1 FY27 brought ~$219 million (₹1,888 crore) of revenue (up 40%), ~$18.9 million (₹163 crore) of profit and a 9% PAT margin. The open question after September 2026 is how much IRDAI's proposed commission and expense caps would cut future take rates. PB Fintech Ltd, widely known as Policybazaar, is India's absolute dominant online insurance aggregator and marketplace, maintaining a market valuation generally exceeding $4 billion.
Revenue Trend Analysis
YoY Change
+36.5%
4-Year CAGR
+47.8%
Peak Year
2026
Trend
Consistent Growth
Policybazaar has 5 full fiscal year figures on this page, compounding at +47.8% annually over 4 years. The most recent year saw a 36.5% increase versus the prior year. Annual revenue peaked in fiscal year 2026 at ~$788.1M. Of 4 comparable year-over-year steps, 4 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2026 | ~$788.1M | ~$77.7M | +36.5% | PB Fintech (NSE:POLICYBZR) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2026-03-31. |
| FY2025 | ~$577.4M | ~$40.8M | +44.8% | PB Fintech (NSE:POLICYBZR) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2025-03-31. |
| FY2024 | ~$398.8M | ~$7.8M | +34.4% | PB Fintech (NSE:POLICYBZR) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2024-03-31. |
| FY2023 | ~$296.7M | -~$56.5M | +79.5% | PB Fintech (NSE:POLICYBZR) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2023-03-31. |
| FY2022 | ~$165.3M | -~$96.6M | — | PB Fintech (NSE:POLICYBZR) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2022-03-31. |
Click any row to see year details.
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Policybazaar Revenue and Financial FAQ
What is PB Fintech / Policybazaar's annual revenue scale and growth rate?
Policybazaar reported revenue of ~$788 million (₹6,794 crore) for fiscal year 2026, up from ~$577 million (₹4,977 crore) in fiscal 2025.
How much insurance premium flows through Policybazaar?
Total insurance premium was ~$3.47 billion (₹29,934 crore) in FY2026, up 42%, and ~$971 million (₹8,372 crore) in Q1 FY27, up 41%.
When did PB Fintech become profitable?
PB Fintech posted its first full-year profit of about $7.77 million (₹67 crore) in FY2024, followed by ~$40.8 million (₹352 crore) in FY2025 and ~$77.7 million (₹670 crore) in FY2026.
What was the capital raised in PB Fintech's historic 2021 Initial Public Offering?
PB Fintech raised ₹5,710 crore (about $760 million) in its November 2021 IPO at ₹980 per share.
What were PB Fintech Q1 FY27 results?
For April-June 2026, operating revenue rose 40% to ~$219 million (₹1,888 crore), PAT rose 92% to ~$18.9 million (₹163 crore) and EBITDA reached ~$16.1 million (₹139 crore) versus ~$3.94 million (₹34 crore) a year earlier.
What is the financial margin profile of renewal insurance premiums for Policybazaar?
While acquiring a new insurance policy incurs upfront digital marketing and call-center advisory costs, subsequent multi-year policy renewals carry virtually zero incremental cost of customer acquisition, generating operating margins exceeding 80% to 90% on renewal commissions.
What is the revenue contribution of Paisabazaar credit marketplace to PB Fintech?
Paisabazaar accounts for approximately 15% to 20% of PB Fintech's consolidated revenues. By disbursing unsecured personal loans, home loans, and credit cards from over 50 partner banks, Paisabazaar collects high-margin origination commissions.
What is PB Fintech's balance sheet cash position and capital safety?
PB Fintech holds over ₹5,000 crore ($600M+) in liquid cash and treasury investments with zero debt, generating substantial risk-free treasury interest income while funding technological R&D and physical offline claims assistance hubs.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Policybazaar Revenue & Financials." CorpDigest, https://corpdigest.com/company/policybazaar/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>Policybazaar reported ~$788.1M in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/policybazaar/financials" target="_blank" rel="noopener">CorpDigest — Policybazaar financials</a></div>Related Financial Audits
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