Revolut Reports Record Profit of $2.3bn for 2025 as Revenue Surges to $6bn

Revolut has reported a record-breaking financial performance for 2025, marking a pivotal moment as the fintech firm transitions into what it describes as a "truly global bank" a decade after its launch.

Record Profitability Driven by Resilient, Diversified Model

Revenue growth and diversification: Group revenue increased by 46% to $6.0bn (£4.5bn), up from $4.0bn (£3.1bn) in 2024. Revolut Business now accounts for 16% of total income, with 11 different product lines each exceeding approximately $135m (£100m) in revenue.

• Subscriptions turnover reached $936m (£708m), a 67% year-on-year increase from $541m (£423m)
• Card Payments grew 45% year-on-year to $1.3bn (£1.0bn), compared to $887m (£694m) in 2024
• Wealth increased 31% to $876m (£663m), up from $647m (£506m)
• FX increased 43% to $800m (£606m), up from $540m (£422m)

Customer balances and lending: Total customer balances expanded 66% to $67.5bn (£50.2bn), up from $38bn (£30bn) in 2024. Revolut maintained a prudent approach to balance sheet management, holding 90% of assets in cash and cash equivalents and Treasury Investments. Customer lending portfolio grew by 120% year-on-year to $2.9bn (£2.2bn), consisting primarily of Unsecured Personal Loans, Credit Cards, and mortgages. Interest income increased 23% year-on-year to $1.3bn (£974m), compared to $1.0bn (£790m) in 2024.

Record profitability: Profit before tax was $2.3bn (£1.7bn), up 57% from $1.4bn (£1.1bn) in 2024. The profit before tax margin expanded to 38%, up from 35% in 2024. Net profit grew to $1.7bn (£1.3bn), up from $1.0bn (£790m) in 2024, marking the fifth consecutive year of net profitability.

Customer and Operational Growth

Revolut added 16 million new retail users during the year, bringing its total customer base to 68.3 million globally - a 30% increase. Business accounts also grew significantly, rising 33% to 767,000. Transaction volumes rose 65% to $1.7 trillion (£1.3 trillion). Across Europe, the firm now claims one in five working-age adults use its platform.

Nik Storonsky, Co-Founder and CEO of Revolut, said: "2025 was another landmark year. We have built a diversified, resilient business that is profitable at scale, providing the foundation for our next phase of growth. As we transition into a truly global bank, we are proving that our technology-driven operating model continues to drive rapid expansion and record profitability. A decade into this journey, we have only just begun to show what is possible."

Product Innovation

In 2025, Revolut broadened its wealth offering with zero-commission ETF investment plans and expanded trading services across multiple markets. It also entered the mortgage space in Lithuania with a fully digital refinancing product and launched its own mobile network service in the UK and Poland.

Strategic Outlook

Revolut is rapidly scaling its global banking footprint. The company began 2026 by launching full banking services in Mexico and completing its UK banking mobilisation phase, enabling it to serve its 13 million UK customers as a licensed bank. It has also filed for a US national bank charter as part of its international expansion strategy.

To support this growth, Revolut has committed to investing £10 billion over the next five years, including the creation of 1,000 jobs at a new global headquarters in London.

Victor Stinga, CFO of Revolut, commented: "Our 2025 results further demonstrate the strength of our diversified model, as we continue to deliver rapid expansion alongside increasing profitability. Our 38% profit before tax margin is a result of disciplined financial steering and our ability to scale efficiently while continuing to invest in our people and infrastructure. With 11 different product lines now exceeding £100 million in annual revenue, our multi-engine platform provides the structural resilience to navigate any environment. We enter our second decade from a position of strength, uniquely placed to continue incubating the new bets that will redefine banking."

With ambitions to reach 100 million customers by mid-2027, the company is positioning its diversified, technology-led model as the foundation for long-term growth, aiming to redefine the structure and scale of modern banking.