Zerodha
Financial Performance
Zerodha Revenue & Financials
Revenue
~$1B (FY2025)
Net Income
~$491.5M
Employees
1,100
What is Zerodha's revenue?
Zerodha had ~$1B in revenue for fiscal year 2025, down 11.5% from 2024. Net income was ~$491.5M.
- Latest revenue
- ~$1B (FY2025)
- Year-over-year
- -11.5%
- Growth rate (CAGR)
- 13.4% over 2 years
- Peak revenue
- ~$1.2B (FY2024)
- Years of data
- 3
- Employees
- 1,100
- How much profit does Zerodha make?
- Zerodha reported net income of ~$491.5M for fiscal year 2025. entrackr.com
- How many employees does Zerodha have?
- Zerodha has about 1,100 employees.
Financial Analysis
Zerodha reported revenue of ~$1.03 billion (₹8,847 crore) and net profit of ~$491 million (₹4,237 crore) in FY25, down from about $1.16 billion (₹9,993 crore) and ~$638 million (₹5,496 crore) in FY24 after SEBI's F&O changes. FY26 profit was ~$497 million (₹4,283 crore) on roughly flat revenue, helped by margin trading income.
Revenue Trend Analysis
YoY Change
-11.5%
2-Year CAGR
+13.4%
Peak Year
2024
Trend
Not enough comparable years
Zerodha has 3 full fiscal year figures on this page, compounding at +13.4% annually over 2 years. The most recent year saw a 11.5% decline versus the prior year. Annual revenue peaked in fiscal year 2024 at ~$1.2B. Of 2 comparable year-over-year steps, 1 showed growth and 1 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2025 | ~$1B | ~$491.5M | -11.5% | Zerodha Broking results (RoC filing, via Entrackr) Revenue from operations, fiscal year ended 31 March 2025. Revenue fell after new SEBI rules on futures and options trading. |
| FY2024 | ~$1.2B | ~$637.5M | +45.3% | Zerodha Broking results (RoC filing, via Entrackr) Revenue from operations, fiscal year ended 31 March 2024. |
| FY2023 | ~$797.7M | ~$336.9M | — | Zerodha Broking consolidated statutory accounts Consolidated total revenue and profit after tax for the fiscal year ended 31 March 2023, shown as the comparative period in the FY2024 accounts. |
Click any row to see year details.
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Zerodha Revenue and Financial FAQ
What is Zerodha's annual revenue and net profit scale?
Zerodha generates over ₹8,000 crore (roughly $1 billion USD) in annual revenue and delivers net profits exceeding ₹4,500 crore ($550M+ USD), making it one of the most profitable fintechs on Earth.
What are Zerodha's net profit margins?
Zerodha achieves extraordinary net profit margins between 50% and 55%, outperforming global investment banks and traditional brokerage firms due to its ultra-lean digital structure.
How much external debt or venture capital does Zerodha hold?
Zerodha has zero long-term funded debt and has never raised a single rupee of outside venture capital, remaining 100% owned by the Kamath family and employee stock option trusts.
What is Zerodha's corporate valuation?
While Zerodha remains private and rejects venture valuations, internal share buyback programs for employees and secondary assessments value the firm between $3 billion and $5 billion.
How much cash reserves does Zerodha maintain on its balance sheet?
Zerodha holds a massive corporate treasury exceeding ₹5,000 crore in liquid cash and risk-free government securities, designed to withstand deep multi-year stock market bear cycles.
What share of Zerodha's revenue comes from treasury float interest?
A substantial portion (over 25-30%) of Zerodha's revenue is earned from interest on client cash balances and margin collateral deposited with clearing houses and commercial banks.
How does Zerodha allocate its net earnings?
Zerodha reinvests earnings into technology infrastructure, funds its Rainmatter venture investments, donates hundreds of crores to philanthropic causes, and pays dividends to shareholders.
How does stock market volatility impact Zerodha's financial results?
High market volatility drives trading volume and derivative contracts, accelerating broker fee income; conversely, extended bear markets suppress retail trading participation.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Zerodha Revenue & Financials." CorpDigest, https://corpdigest.com/company/zerodha/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>Zerodha reported ~$1B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/zerodha/financials" target="_blank" rel="noopener">CorpDigest — Zerodha financials</a></div>Related Financial Audits
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