Payments infrastructure company Easebuzz reported a 10% year-on-year increase in revenue for the financial year ended March 2026, with its topline rising to ₹723 crore from ₹659 crore in FY25. However, the company’s profit after tax (PAT) declined 41% to ₹11.15 crore, reflecting higher investments in technology, infrastructure, and business expansion despite continued growth in transaction volumes and merchant acquisitions.
The Pune-based fintech, backed by Bessemer Venture Partners, also announced that its annual Gross Transaction Value (GTV) crossed $50 billion in FY26, while its merchant base expanded beyond 300,000 businesses. The company attributed its growth to rising adoption of its vertical-focused payments platform and the strengthening of its financial infrastructure offerings across sectors such as education, real estate, government services, and financial institutions.
Revenue Continues to Grow Despite Lower Profit
Easebuzz maintained its growth trajectory in FY26, although profitability came under pressure as the company increased spending on product development and business expansion.
FY26 Financial Highlights
| Metric | FY26 | FY25 | YoY Change |
|---|---|---|---|
| Revenue | ₹723 crore | ₹659 crore | +10% |
| Profit After Tax | ₹11.15 crore | ₹18.77 crore | -41% |
| Annual GTV | Over $50 billion | Around $30 billion+ | Significant growth |
| Merchant Base | 300,000+ | 200,000+ | Expanded |
The company has remained profitable since inception, even as it continues investing in scaling its payments infrastructure and technology platform.
Merchant Growth Drives Payment Volumes
Easebuzz said the increase in revenue was supported by continued growth in merchant adoption across multiple industries.
Its platform provides:
- Online payment aggregation.
- Payment collection APIs.
- Payout and disbursement solutions.
- Banking and financial operations software.
- Sector-specific payment infrastructure.
The company has focused on building verticalized payment solutions, tailoring products for industries with specialized payment workflows rather than offering a one-size-fits-all platform. This strategy has helped expand transaction volumes while strengthening customer retention.
Business Scale
| Area | FY26 Status |
|---|---|
| Merchants Served | More than 300,000 |
| Annual Gross Transaction Value | Exceeds $50 billion |
| Daily Transactions | Millions processed |
| Core Focus | Vertical-specific payment infrastructure |
Investments Impacted Profitability
Although revenue increased, profit declined as Easebuzz stepped up investments in expanding its platform.
Key areas of investment included:
- Product innovation.
- Payment infrastructure.
- Technology development.
- Merchant acquisition.
- Regulatory compliance.
- Expansion of financial services offerings.
Management indicated that these investments are intended to strengthen the company’s long-term growth rather than maximize short-term profitability.
Strengthening Financial Infrastructure
During FY26, Easebuzz continued expanding its fintech ecosystem.
Recent developments include:
- Securing all three major RBI payment licences.
- Launching Banking Connect IBMB, a banking connectivity solution.
- Expanding payment products for enterprises and SMEs.
- Strengthening embedded financial services capabilities.
The company believes these initiatives will improve its ability to serve businesses with integrated payment and banking solutions while diversifying revenue streams beyond transaction processing.
Positioned for India’s Growing Digital Payments Market
India’s digital payments ecosystem continues to expand rapidly, creating opportunities for infrastructure providers such as Easebuzz.
The company competes with several established payment platforms while differentiating itself through industry-specific software and payment solutions designed for sectors with complex transaction requirements.
With increasing digital adoption among businesses and government agencies, Easebuzz expects demand for integrated payments, banking connectivity, and financial operations software to continue growing.
Looking Ahead
Easebuzz’s FY26 results highlight a company balancing growth with long-term investment. While revenue increased 10% to ₹723 crore and annual Gross Transaction Value surpassed $50 billion, profitability declined as the company accelerated spending on technology, product development, and expanding its merchant ecosystem. The expansion of its customer base to more than 300,000 businesses demonstrates continued demand for its sector-focused payment infrastructure and financial operations platform.
Looking ahead, Easebuzz is expected to focus on deepening its presence in India’s rapidly growing digital payments market by expanding enterprise payment solutions, embedded financial services, and banking connectivity products. As businesses increasingly seek integrated financial infrastructure, the company’s strategy of combining payment processing with vertical-specific software could strengthen its competitive position while supporting sustained long-term growth, even if near-term profitability remains under pressure due to ongoing investments.
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