Zerodha revenue model and profitability

Mon, 11 May 2026 00:00:00 +0000

Zerodha’s revenue model centres on a flat-fee brokerage structure supplemented by interest income, account maintenance charges, and ancillary platform revenues. Zerodha Broking Limited, the primary operating entity, reported total income of approximately 8,320 crore rupees for the financial year 2023-24, with a net profit of approximately 4,700 crore rupees, representing a net margin of approximately 56 per cent. This profitability profile is exceptional within the financial services sector and reflects the scalability of the technology-led brokerage model.

Zerodha Business Model on WebNotes

Zerodha revenue model and profitability