Bengaluru: Cashfree Payments, one of India’s leading AI-native payments companies, has reported that it has achieved EBITDA profitability in March 2026 and is on track for full-year EBITDA profitability in FY27. The company also clocked in approximately Rs. 1,000 crore in revenue in FY26, a milestone which reflects the maturation of its business model and sets the foundation for its next phase of growth. Cashfree Payments’ GTV also grew by 78% on a Q4-on-Q4 basis.
Commenting on the milestone, Akash Sinha, Co-founder & CEO, Cashfree Payments said, “There is a version of profitability that comes from slowing down, cutting costs, deferring investments, and narrowing ambitions. That is not what happened here. We clocked in significant GTV growth that generated strong revenue performance and with efficient cost management we achieved EBITDA profitability in March 2026. In FY26 our cross-border operations reached scale, grew our merchant base significantly, and doubled down on AI-native infrastructure. What FY26 tells us is that sustainable and profitable growth is not in tension with building for the future. At Cashfree, it is the same motion. FY27 will be the year we demonstrate that at a full-year level.”
Cashfree Payments achieved EBITDA profitability without a contraction in growth investments, and the company is now on track for full-year EBITDA profitability in FY27. The company’s active merchant base grew 50% year-on-year in FY26, with growth distributed across both enterprise and small and medium business (SMB) segments. The SMB segment has been a particular standout with the GTV for this segment growing by more than 2x on the back of strong brand pull.
The company’s cross-border business also saw a strong growth in FY26. Cross-border GTV grew by 8x between March 2025 and March 2026 and net-revenue grew by 10x during the same time period. Cross-border revenues are expected to reach 25% of the total revenue in the coming years.
Cashfree Payments has identified three strategic priorities for the upcoming financial year. One, delivering full-year EBITDA profitability. Two, scaling the cross-border business to become a major revenue contributor. Three, investing in innovations across the identity verification suite and AI-native payments infrastructure. Cashfree Payments has achieved full-year profitability in five of its ten years, a track record it is committed to maintaining from FY27 onwards. Additionally, the company plans to raise a significant funding round to deepen payment innovations, scale the cross-border business, and expand into international markets.