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Revolut has reported a record profit of £1.7 billion, driven by a surge in customer numbers and the company’s efforts to transform into a global banking powerhouse.
The fintech firm’s pre-tax profits rose from £1.1 billion the previous year, with revenues climbing 46% to reach £4.5 billion.
Its global customer base increased by 30% to 68.3 million, including 13 million customers in the UK, following the addition of 16 million new users.
These results come after Revolut finally received long-awaited approval for a full UK banking licence from the Prudential Regulation Authority, nearly five years after its initial application. The company has already started offering current accounts and has plans to expand into lending and other banking services.
Revolut aims to reach 100 million customers by mid-2027 while continuing its international expansion, which includes applying for a US banking licence. It currently operates as a licensed bank in over 30 markets worldwide.
Nik Storonsky, co-founder and chief executive of Revolut, said: “2025 was another landmark year.
“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.”
Valued at approximately $75 billion (£56 billion), the company reported that its growth has been fuelled by more customers subscribing to paid services. However, director compensation also rose, totalling £1.94 million.
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