Juspay revenue grows 29% to Rs 664 crore in FY26; reports Rs 90 crore net loss on accelerated AI investments

Payments technology firm Juspay reported a 29 percent year-on-year rise in revenue to Rs 664 crore in FY26, compared with Rs 514 crore in the previous fiscal. The company reported a net loss of Rs 90 crore during the year, slipping back into the red, even as it remained adjusted EBITDA positive. Its profits excluding ESOP expenses stood at Rs 33 crore. In FY25, Juspay recorded a net profit of Rs 62 crore. The company fell back into loss as it has accelerated its international expansion and investments in Artificial Intelligence (AI), the company's COO, Sheetal Lalwani, said. Juspay's revenue has more than tripled from Rs 213 crore in FY23, registering a compound annual growth rate of approximately 46 percent. According to Lalwani, the company is building AI products for the world's largest enterprises that could replace existing internal tools for documents, product management software, video conferencing, among others. "We are expecting these investments to show up in our topline numbers for FY 27," Lalwani said. The company added that its core India payments business continued to scale and remained profitable during the year. While less than 10 percent of its revenue came from overseas, Juspay is expecting this to grow to double digits during the current fiscal, it said. The Bengaluru-based company's daily transaction volume rose to 400 million, while its annualised total payment volume (TPV) exceeded $1 trillion. Juspay serves more than 500 enterprises and banks globally, with a reported reliability of 99.99 percent. During the last financial year, Juspay expanded its international presence across Asia-Pacific, Europe, the US, Latin America and the Middle East. The company said its international payments business was gaining traction across these markets as more countries want to build a sovereign payments stack for account-to-account money transfers and real-time payments. Lalwani said that Juspay's experience in building the consumer and merchant side technology in UPI is helping the company build its credentials among international banks. Its AI investments include Xyne, an open-source enterprise AI platform that allows organisations to build AI applications and agents using their own organisational data, while retaining control over the data and choice of models. Another product, Breeze Universal, enables brand discovery and agentic commerce across AI platforms of merchants and banks. Genius, another AI-powered product, allows enterprise teams to analyse payment data and manage payment operations, including routing rules, using AI-driven tools. Founded in 2012, Juspay provides payment infrastructure to enterprises and banks. Its clients include Amazon, Flipkart, Google, HSBC, IKEA, IndiGo, Swiggy, Zepto and Zurich Insurance.