Cashfree Payments hits EBITDA profitability, targets full-year profit in FY27 on cross-border push
Cashfree Payments turned EBITDA positive in March 2026, posting ~₹1,000 crore FY26 revenue with GTV up 78% Q4-on-Q4 and merchant base 50% higher YoY. Cross-border GTV grew 8x and net revenue 10x, set to contribute ~25% of revenue. A fresh funding round is planned as the firm targets full-year EBITDA profitability in FY27.
What happened
Cashfree Payments hit EBITDA profitability in March 2026 with ~₹1,000 crore FY26 revenue, 78% GTV growth and 8x cross-border expansion. Plans fresh funding
Key facts
- ₹1,000 crore FY26 revenue
- GTV grew 78% Q4-on-Q4
- merchant base up 50% YoY
- SMB GTV more than doubled
- cross-border GTV grew 8x
- cross-border net revenue grew 10x
- cross-border to contribute ~25% of revenue
Why this matters
Cashfree's 8x cross-border GTV surge and 50% merchant base expansion signal a consolidating PA/PG landscape where partnership or acquisition windows are narrowing fast.