Key Highlights

  • Pretax earnings reached $2.3 billion in 2025, marking a 57% annual increase
  • Total revenue climbed 46% to reach $6 billion, with strong performance across subscriptions, card transactions, and currency exchange
  • Retail customer base expanded 30% to 68.3 million users, while business accounts reached 767,000
  • Full U.K. banking license was granted by regulators in March 2026
  • Application for U.S. Bank Charter submitted in March, enabling potential operations nationwide

The British digital banking platform Revolut has announced record-breaking financial performance. The fintech company achieved pretax earnings of £1.7 billion ($2.3 billion) during the twelve months ending December 31, 2025. This represents a 57% surge compared to the £1.09 billion earned in 2024.

Annual revenue reached $6 billion, representing a 46% increase from the previous year. The growth spanned multiple revenue channels, with subscriptions, card transactions, and foreign exchange services leading the expansion.

The business banking division contributed significantly to overall performance. This segment generated 16% of total revenue. The business customer base expanded 33% during the year, reaching 767,000 accounts.

The retail customer base grew 30% to reach 68.3 million users. Customer deposits increased 66% to total $67.5 billion. The company has established an ambitious goal of reaching 100 million customers by mid-2027.

CEO and cofounder Nik Storonsky characterized the company as having developed a “diversified, resilient business that is profitable at scale.” He positioned these results as establishing the groundwork for the company’s upcoming growth phase.

CFO Victor Stinga highlighted that Revolut now operates 11 distinct product lines, each generating over £100 million in annual revenue. He characterized the platform as possessing “structural resilience to navigate any environment.”

Revolut launched operations in 2015 and currently serves customers across 40 markets. The company achieved a $75 billion valuation through a secondary share sale in 2025. This valuation places it alongside established U.K. financial institutions such as Barclays and Lloyds Banking Group.

Full U.K. Banking Authorization Secured

In March 2026, Revolut obtained its complete U.K. banking license from the Prudential Regulation Authority. The approval process spanned a considerable period, requiring substantial engagement with regulatory authorities.

The license empowers Revolut to introduce additional products throughout the U.K., encompassing personal loans and various lending solutions. Traditional banks currently maintain dominant positions in the lending sector across the country.

Revolut also initiated comprehensive banking services in Mexico during January 2026. The company identifies international expansion beyond Europe as its “next frontier of focus,” as stated by CFO Stinga.

American Market Entry Strategy Advances

Revolut submitted its application for a U.S. Bank Charter during March 2026. Approval of this charter would enable the company to conduct operations throughout all 50 American states under unified regulatory oversight.

The authorization would also permit Revolut to provide personal loans and credit cards to American consumers. The company maintains current operations in the U.S. while lacking comprehensive banking licensure.

This U.S. application represents another milestone in the company’s worldwide expansion strategy. Stinga confirmed that American operations will become a primary focus following the completion of the full U.K. banking rollout.

Revolut has yet to disclose an anticipated timeframe for receiving a determination on the U.S. charter application.