Revolut hails 'record' year as profits surge to £1.7bn and customers reach nearly 70m
Revolut has unveiled record annual profits as it ramps up plans to expand into the US and reach 100million customers globally.
The fintech's annual pre-tax profit rose by 57 per cent to £1.7billion last year, as growing customer numbers boosted transaction fees and premium subscriptions.
Group revenue jumped 46 per cent to £4.5billion, boosted by its business banking division.
Revolut - which secured a UK banking licence earlier this month - added 16million more retail customers, bringing the total to 68.3million, while its business customer base grew by a third to 767,000.
The startup, which hit a $75billion valuation last year, is growing at pace and is ramping up its global expansion plans.
Earlier this month, Revolut secured its long-awaited full UK banking license, which will allow it to lend at a greater scale and offer deposit accounts.
Its existing lending portfolio - made up mostly of consumer loans - grew 120 per cent to £2.2billion. It described its mortgage business, launched in Lithuania, as 'nascent.'
Revolut is also eyeing an expansion into the US, after recently filing for a US banking charter and naming a new boss for the region.
Bumper results: Revolut unveiled a record annual pre-tax profit on Tuesday
Nik Storonsky chief executive and co-founder of Revolut, said: '2025 marked another record year for Revolut, underpinned by rapid global expansion, strong financial performance, and sustained innovation across the business.
'We accelerated product adoption and delivered our fifth consecutive year of profitability, reinforcing our position as Europe’s most valuable private technology company and welcoming new investors through a secondary share sale at an implied valuation of $75billion.'
He added: 'In 2025, we enhanced service quality through AI-driven tools that improved response times and resolution quality. Our chatbot handled a growing share of straightforward, autonomous queries, enabling our support agents to dedicate more time to complex cases.'
Revolut, which has 13million customers in the UK, plans to offer a wider range of products, including lending, after getting the all-clear from the Prudential Regulation Authority.
The clearance followed Revolut being granted a UK banking licence 'with restrictions' in 2024, having first lodged its application in 2021.
The start-up, which has applied for a banking charter in the US, hit a £55billion valuation in 2025, and is one of Europe’s most valuable private tech companies.
Founded in 2015, Revolut has emerged as the most successful of the handful of European fintech companies founded in the 2010s, with no physical bank branches.
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