Zerodha Posts Flat FY26 Revenue as Net Profit Rises 1%

26 Aug 2026, 4:55 pm · 17d ago · 1 min read · Inc42

Stock broking platform Zerodha reported a flat top line for the fiscal year FY26, with net profit rising marginally by 1.2% year-on-year to ₹4,283 crore. The company's operating revenue held steady around FY25 levels of ₹8,847 crore. Zerodha attributed the stagnation to regulatory changes eliminating rebates on transaction charges and broader market cooling. Brokerage revenue declined 10.7% to ₹2,738 crore, while net transaction fees dropped to zero from ₹400 crore in FY25. However, the company noted that growing Margin Trading Facility earnings helped offset the loss of transaction charge revenues.