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PhonePe revenue jumps ~40% in FY25: how strong is the business before IPO?

Operating revenue rose ~40% in FY25 to ~₹7,115 crore while losses narrowed. Here’s the easy explainer.

By BillCut Editorial · September 25, 2025

PhonePe revenue jumps ~40% in FY25: how strong is the business before IPO? - Operating revenue rose ~40% in FY25 to ~₹7,115 crore while losses narrowed. Here’s the easy explainer.

Snapshot: PhonePe’s operating revenue grew around 40% in FY25 to about ₹7,114.8 crore. Losses also narrowed. The company continues to expand beyond payments into credit, insurance, and wealth.

Why growth is strong

  • Large user base on UPI plus deeper merchant network.
  • New services (credit/insurance) add revenue lines.

What this means for users & merchants

Expect more features in the app and better tools for SMEs—like faster payouts and checkout credit.

FAQs

Q1. Does revenue growth guarantee profits?
No. Profit depends on costs, margins, and competition.

Q2. Will services get costlier?
Unlikely for UPI P2M basics; premium services may be priced separately.

Sources

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