British fintech Revolut on Tuesday reported a document annual pretax revenue, because it ramps up plans to broaden into the U.S. following its long-awaited granting of a full U.Ok. banking license earlier this month.
Revenue earlier than tax rose 57% to £1.7 billion ($2.3 billion) in 2025, in comparison with £1.09 billion in 2024. Group income elevated by 46% to $6 billion, which the corporate stated was partly because of the efficiency of its enterprise banking companies, accounting for 16% of complete revenue.
The startup, which hit a $75 billion valuation in 2025, is certainly one of Europe’s most dear non-public tech firms. Based in 2015, Revolut says it operates in 40 markets globally.
“We now have constructed a diversified, resilient enterprise that’s worthwhile at scale, offering the muse for our subsequent section of development,” stated Cofounder and CEO Nik Storonsky in an announcement.
“As we transition into a very international financial institution, we’re proving that our technology-driven working mannequin continues to drive speedy growth and document profitability. A decade into this journey, now we have solely simply begun to point out what is feasible.”
Complete buyer balances rose 66% to $67.5 billion as Revolut’s retail buyer base grew by 30% to 68.3 million and enterprise clients elevated 33% to 767,000.
The neobank says it needs to achieve 100 million clients by mid 2027.
U.S. push
Earlier in March, Revolut introduced it had secured a full U.Ok. banking license after a prolonged back-and-forth between the corporate and the Prudential Regulation Authority.
It unlocks Revolut’s capacity to supply a brand new vary of merchandise within the nation, together with profitable lending, a market dominated by conventional banks. Revolut additionally launched full banking operations in Mexico in January.
The corporate is now gearing up for main international growth.
Geographic development past Europe will turn into the “subsequent frontier of focus” for the corporate as soon as it finalizes the launch of a U.Ok financial institution, Chief Monetary Officer Victor Stinga stated in a convention name with media.
Revolut filed for a U.S. Financial institution Constitution in March, which if granted, would mark one other vital regulatory milestone. The constitution would enable the corporate to function throughout all 50 U.S. states beneath one regulatory framework, alongside providing private loans and bank cards.
