Pine Labs Turns Profitable as Transaction Volume and AI Power Growth
Surging gross transaction value, faster international revenue and heavy AI-driven engineering signal significant monetisation headroom for the payments platform.
Overview
- Pine Labs reported a full-year net profit of Rs 112.51 crore for FY26 and its highest quarterly profit of Rs 59.36 crore in Q4, reversing losses from the prior year while annual revenue rose to Rs 2,710.59 crore.
- The company processed $194 billion in gross transaction value in FY26, a 50% year-on-year jump that the CEO said shows platform depth given revenue grew 19% over the same period.
- UPI volumes grew 68% at Pine Labs, supporting more than 20 million daily transactions and strengthening its core payments business in India.
- International revenue crossed Rs 400 crore as the firm expanded to 22 countries and reported a three-year CAGR of 44%, lifting the overseas share to roughly 15% of total revenue.
- Pine Labs said AI now contributes about 89% of code changes and it has a partnership with OpenAI to build agentic commerce tools, a move that could speed product development and open new monetisation paths.