India, July 27 -- Fintech major PhonePe's net loss widened by 62% in the financial year ended March 2026 (FY26) to Rs.2,792 Cr from Rs.1,727.4 Cr reported in the previous fiscal year, as higher employee costs, elevated marketing spends, ESOP expenses, and one-time write-offs offset double-digit revenue growth.

Operating revenue rose 11.5% to Rs.7,920.5 Cr in FY26 from Rs.7,105 Cr in the previous fiscal. Including other income of Rs.467.4 Cr, PhonePe's total revenue increased 10% YoY to Rs.8,387.9 Cr.

The bulk of its operating revenue came from the sale of services, which contributed Rs.7,618.6 Cr during the year. The company also earned Rs.286 Cr as incentives from the National Payments Corporation of India (NPCI) for deploying credit c...