Paytm Q4 results 2026: Fintech firm One97 Communications, which owns the Paytm brand, reported its earnings for the fourth quarter of the financial year 2025-26. The company reported a consolidated profit of Rs 183 crore in the fourth quarter ended March 2026. Paytm had posted a loss of Rs 540 crore in the same period a year ago.
The quarterly results in the year-ago period were affected by a one-time expense related to charges related to CEO Vijay Shekhar Sharma giving up his employee stock options.
Sequentially, the consolidated profit fell 18.2 per cent from Rs 225 crore in Q3 FY26.
The company’s consolidated revenue from operations grew by 18.4 per cent to Rs 2,264 crore during the reporting quarter from Rs 1,912 crore in the January-March 2025 quarter. In the previous quarter, the revenue was Rs 2,194 crore.
“Revenue momentum continued, led by market share gains in both merchant and consumer payments, and growth in distribution of financial services,” said Paytm in a press release.
EBITDA turned positive to come in at Rs 132 crore in the quarter under review, against a loss of Rs 88 crore a year ago. However, its moderated from Rs 156 crore in the October-December quarter. EBITDA margin stood at 5.8 per cent in Q4 FY26 compared with a negative 5 per cent in the year-ago period and 71 per cent in Q3 FY26.
During the financial year ended March 2026, Paytm posted a consolidated profit of Rs 552 crore compared to a loss of Rs 663 crore in FY25.
The annual revenue from operations of Paytm grew by 22.2 per cent to Rs 8,437 crore in FY26 from Rs 6,900 crore in FY25.
Paytm’s consumer UPI GTV grew 46 per cent YoY in Q4 FY26, at 2.2x industry growth levels of 21 per cent YoY, with Paytm gaining market share every single month for the last 12 months, said the fintech company.
“Average Monthly Transacting Users (MTU) expanded by 50 lakh YoY to 7.7 Crore. Merchant GMV growth also accelerated sequentially, rising from 24% YoY in Q3 FY 2026 to 27% YoY in Q4 FY 2026, driven by continued product innovation and disciplined execution,” it added.
Payment services revenue was Rs 1,265 crore in Q4 FY26. Net payment revenue was Rs 583 crore, up 25 per cent YoY on a comparable basis, driven by expansion in payment processing margin and an increase in merchant subscriptions, Paytm said.
Subscription merchants reached 1.51 crore, with 27 lakh net additions YoY. Payment processing margin continued to trend comfortably above 4 bps, supported by higher growth of profitable MDR-bearing instruments including credit cards on UPI and affordability offerings such as EMI, it added.
In Q4 FY26, distribution of financial services revenue grew 37 per cent YoY to Rs 750 crore.
Customers availing financial services through Paytm’s platform increased from 5.5 lakh to 7.5 lakh YoY. “Paytm Postpaid continued to scale well in monthly sign-ups and disbursements, deepening user engagement and serving as a funnel for cross-selling additional consumer credit products. The company also improved monetisation across equity broking, Margin Trade Funding and other wealth products including Paytm Gold, with AI-powered offerings expected to drive further growth,” the company further stated.
“The company continues to embed AI across its platform to improve revenue growth, reduce costs, manage risk, and enhance user and merchant engagement for small and medium businesses. AI-led innovations across consumer products, merchant tools, payments intelligence and operations are driving productivity gains and supporting operating leverage,” it said.
Indirect expenses were down 3 per cent YoY at Rs 1,122 crore, reflecting disciplined cost control even as Paytm continued to invest in platform expansion. Cash balance increased to Rs 13,315 crore as of March 2026, providing continued capital flexibility to expand the business.
“For FY27, Paytm expects acceleration in revenue growth and further expansion in EBITDA margins. This is expected to be driven by expansion of merchant payments, consumer lifecycle monetisation, scaling distribution of financial services, and continued AI-led operating leverage,” the firm added.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
