GCash Parent Company Mynt Reports $261.25 Million Net Income For Jan-Sept Period
Fintech company Mynt posted a 17.4% jump in its net income for the first nine months of 2026 compared to the same period last year. The GCash parent company’s net income was ₱16.5 billion ($261.25 million), highlighting the growth and potential of digital and financial services. Mynt’s revenue rose 12.2% year-on-year to ₱67.1 billion ($1.06 billion) during the same period and jumped 16.6% to ₱24 billion ($379.98 million) in Q3 alone.
Faster quarterly revenue growth indicates the Philippines-based company has maintained momentum heading into the final quarter, as GCash has widened its customer base and expanded its financial services range. The Philippines is pushing for increased digital banking and cashless payments, and GCash is one of the most sought-after digital financial platforms in the country.
Mynt’s growing balance sheet is a result of both payments and lending. GCash’s monthly active users were 42.1 million in the third quarter, a 9.7% climb year on year. The company’s average daily transactions were also up 16% in the January to September period, reaching 64.4 million, and the payment transaction value was ₱15.1 trillion, jumping 23.1%. Adjusted revenue, excluding the cost of over-the-air prepaid load, was ₱67.1 billion; consolidated gross revenue was ₱67.36 billion, and net income was ₱16.45 billion for the nine months.
Mynt’s positive performance was not solely driven by GCash. Its CreditTech business reported 7.8 million active borrowers, and its business loan portfolio grew 43.3% year-on-year to ₱79.3 billion. The company’s net income margin was 24.5% in September, and its non-performing loan ratio stood at 4.8%, indicating asset quality remained stable compared to the previous quarter.
While GCash was first launched as a digital wallet, it has now expanded to include services such as payment solutions and credit tech, boosting the fintech platform’s popularity. Its ₱15.1 trillion transaction value represents digital payments, money transfers, bill payments and merchant transactions.
Mynt’s CreditTech feature includes digital lending and credit products and alluring a growing borrower base with a favourable loan portfolio. Financial analysts have cautioned that as GCash expands to capture 43.3% of the consumer credit market, maintaining loan quality as the portfolio grows is important.
The fintech platform published these figures only weeks after it went public on the Philippine Stock Exchange (PSE). Mynt’s IPO is estimated to reach ₱60.9 billion if the overallotment option is fully exercised. This would make it the largest IPO in Philippine history and the biggest in the Southeast Asian region since 2021. Mynt is the seventh-largest listed company on the PSE by market capitalisation.
With the company’s IPO debut, Filipino investors have the opportunity to share in the growth of GCash, one of the most commonly used services across the country. Investors are also likely to support an indigenously developed product, thus giving Mynt another growth advantage.
In the final quarter of 2026, analysts are closely observing whether the company’s growth and revenue momentum are sustained. Mynt has, however, already cautioned that profitability in Q4 is likely to be affected by one-off expenses associated with its IPO and seasonally higher operating costs.
The company also has to manage lending responsibilities and potential defaults as it navigates a growing ₱79.3-billion loan portfolio. This has to be prioritised, considering GCash is expanding its services to include payments, credit and other digital financial products.
Mynt is proof that fintech is one of the most profitable endeavours in the Philippines, which is building a resilient digital economy. The company’s next step must be increasing its earnings and managing credit quality amid rapid user adoption and lending expansion.
