Key Highlights

  • Revolut aims for a valuation reaching $200 billion when it pursues an IPO after 2028
  • A secondary share transaction in November 2025 established the company’s worth at $75 billion
  • Another share sale anticipated in late 2026 may elevate its valuation to $100 billion
  • The fintech firm secured complete U.K. banking authorization in March and submitted applications for U.S. banking credentials
  • Pre-tax earnings climbed 57% to reach £1.7 billion in 2025

Revolut, the prominent British financial technology enterprise recognized for digital banking and cryptocurrency offerings, has communicated to stakeholders that it seeks a valuation reaching $200 billion for an upcoming public market debut, according to an April 21 Financial Times report.

The enterprise achieved a $75 billion valuation through a secondary share transaction completed in November 2025. The proposed figure would mark a 125% rise within a span of under six months.

Revolut has presented a valuation spectrum spanning $150 billion to $200 billion during investor conversations regarding the prospective IPO. Company officials have indicated the public offering will occur no sooner than 2028.

Prior to the anticipated IPO, Revolut plans to conduct another secondary share sale during the latter half of 2026. This transaction could establish the company’s worth at approximately $100 billion.

According to a Financial Times source familiar with internal matters, no definitive valuation has been established. When approached for verification, Revolut declined to validate the reported numbers.

Co-founder Nik Storonsky mentioned in December that his ownership position would amount to roughly $80 billion should the company achieve the $200 billion valuation milestone.

Financial Performance and Regulatory Approvals

Revolut recorded pre-tax earnings of £1.7 billion throughout 2025, marking a 57% advancement compared to the prior year. This growth trajectory represents a deceleration from the nearly 150% profit surge achieved during the preceding year.

During March 2026, Revolut obtained comprehensive banking authorization within the United Kingdom, completing a regulatory process that spanned multiple years.

The organization submitted an application for U.S. banking credentials with the Office of the Comptroller of the Currency in March. Approval would enable Revolut to function as a licensed banking institution throughout the United States.

Revolut launched operations in 2015 and delivers services encompassing international transfers, foreign exchange, and digital asset trading. The company has ascended to become Europe’s highest-valued startup.

Growth Trajectory and International Presence

The enterprise has extended operations throughout numerous nations while consistently enlarging its user base following its initial launch.

Venture capital firms and private equity investors have provided financial backing during the company’s time operating privately.

The $200 billion target, if achieved during the public offering, would position among the highest valuations recorded for fintech enterprises entering public markets.

Revolut has yet to disclose which securities exchange will host its listing or provide specific dates beyond the 2028 timeframe.

The company’s March 2026 submission for U.S. banking authorization represents its latest strategic development and currently awaits OCC evaluation.