GCash operator’s net income up 17.4 percent in Jan-Sept

MANILA — Mynt, the parent company of GCash, reported quickening revenue and net income growth for the first nine months of 2026 following its record-breaking initial public offering.   

The company’s nine-month revenue expanded 12.2 percent year-on-year to P67.1 billion, picking up pace from 9.8 percent growth in the first half. 

Net income surged 17.4 percent to P16.5 billion over the same period, outpacing the 7.3 percent expansion recorded in the first six months.   

Third-quarter revenue reached a record high of P24 billion, up 16.6 percent from a year earlier, driven by continuous user growth, deeper payment penetration, and expanding credit services.   

“We believe the success of our business is rooted in our vision of Finance for All,” said Mynt Chief Financial Officer Evelyn Ng. 

“While our business has scaled, there remain significant opportunities in both payments and lending.”   

Mynt said its monthly active user base reached 42.1 million in the third quarter, a 9.7 percent increase from a year prior, while daily average transactions climbed 16 percent to 64.4 million. Payment Solutions gross transaction value reached P15.1 trillion. 

The group’s credit technology unit saw its total loan portfolio jump 43.3 percent to P79.3 billion across 7.8 million active borrowers, while maintaining a non-performing loan ratio of 4.8 percent.   

The strong quarterly earnings follow Mynt’s blockbuster stock debut on the Philippine Stock Exchange under the ticker “GCASH”, which was the largest IPO in Philippine history and the biggest in Southeast Asia since 2021.