Amazon Pay India’s operating revenue increased 18.5% to Rs 2,484.4 crore in 2025-26, returning to growth after declining 8% in the previous financial year. Its net loss widened 33% to Rs 1,148.5 crore as payment-processing and promotional costs increased, according to regulatory filings sourced from the business intelligence platform Tofler.
The company’s total expenses increased 22% to Rs 3,741.1 crore, outpacing revenue growth. Payment-processor fees jumped 35% to Rs 1,140.6 crore, while advertising and sales-promotion spending went up 11% to Rs 1,767.6 crore. Together, the two expenses accounted for nearly four-fifths of the company’s total costs. Employee benefit costs rose 5% to Rs 224.9 crore.
