Revolut Hits Record £1.7 Billion Profit as Global Customer Base Surges to 68 Million

Revolut reported a record pre-tax profit of £1.7 billion ($2.3 billion) for 2025, a 57% increase from the previous year according to Reuters, as the British fintech firm published its annual results on Tuesday. Revenue climbed 46% to £4.5 billion, driven in part by more customers subscribing to premium plans. The company's global retail customer base reached 68.3 million by the end of 2025, up from 52.5 million in 2024, an increase of roughly 16 million over the year. Business customers also expanded, rising 33% to 767,000. The results were accompanied by two significant regulatory milestones: Revolut secured a full, unrestricted UK banking licence in March 2026 and submitted an application for a US banking licence the same month. £1.7bn (GBP) — Revolut pre-tax profit, 2025 record high

Revolut was founded in July 2015 by Nik Storonsky and Vlad Yatsenko and has grown from a prepaid travel card into one of Europe's largest digital banking platforms. The company first applied for a UK banking licence in 2021, a process that took nearly five years to complete. It was granted a restricted licence in July 2024 before receiving full, unrestricted approval in March 2026. Revolut was valued at $75 billion in a fundraising round in 2024, making it one of the most valuable private technology companies in Europe.

Note on profit figures: ANSA reported net profit of approximately 1.3 billion pounds with a 65% jump, while Reuters cited pre-tax profit of £1.7 billion, up 57%. The discrepancy reflects the distinction between net and pre-tax figures. A separate web search reference noted Revolut boosted annual profits by more than 150% in 2024, though that figure relates to the prior financial year's growth rate, not 2025.

UK licence unlocks lending push after five-year wait The full UK banking licence, granted by the Prudential Regulation Authority, ends a regulatory process that began when Revolut first applied in 2021. The company has already started rolling out current accounts to a small number of new UK customers and plans to expand this gradually in the coming weeks. Revolut's 13 million UK customers will eventually gain access to a broader range of banking products, including lending. The group also launched mortgage refinancing in Lithuania in May 2025, building an almost £90 million mortgage portfolio there. Chief Financial Officer Victor Stinga declined on Tuesday to give a specific timeline for the launch of Irish mortgages, saying the company wants to ensure the product adds meaningful competition before going to market. Revolut had 3.3 million customers in Ireland at the end of 2025, up 10% on 2024, with customer balances in the country growing 56% and loan balances expanding 73%. The company now operates as a licensed bank in more than 30 of its 40 markets worldwide. „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.” — Nik Storonsky via The Guardian

Spain becomes third-largest market, Switzerland tops one million Spain has emerged as Revolut's third-largest market globally, trailing only the United Kingdom and France, according to La Vanguardia. The company added 2 million customers in Spain during 2025, a 45% increase, bringing the total to 6.3 million according to Inmark data cited by Revolut. Some 27,000 Spanish companies use Revolut to manage finances, expenses, and corporate cards. Revolut expanded its Spanish workforce by 55% to 1,600 employees and plans to hire an additional 800 people with the opening of offices in Barcelona and Madrid. The company has deployed 50 ATMs across both cities and aims to reach 200 by 2030. In Switzerland, Revolut gained over 240,000 new customers in 2025, pushing its total Swiss user base past one million, according to the company's own figures reported by SWI swissinfo.ch. Revolut does not yet hold a banking licence in Switzerland, operating there only with authorisation from the financial market supervisory authority FINMA as a local representation.

United Kingdom: 13, Spain: 6.3, Ireland: 3.3, Switzerland: 1

Crypto and AI energy use flagged as reputational risk Revolut warned in its 2025 annual report that its support for energy-intensive sectors could expose the company to reputational damage. The company wrote that shifting attitudes toward activities including artificial intelligence, metals mining, and high-profile cryptocurrencies "could also affect demand for Revolut's services and present reputational risks." The warning comes as competition for electricity supplies has intensified, with energy prices rising sharply following the US-Israel military campaign against Iran that began in late February 2026. Revolut offers crypto trading as part of its wealth products, which generated £663 million in revenue in 2025, up 31% year on year, driven by crypto and equities trading. Subscription revenues for its various plans — ranging up to €55 per month for its Revolut Ultra card — advanced 67% to £708 million. The company set a target of reaching 100 million customers globally by mid-2027, up from 68.3 million at the end of 2025. Storonsky, the highest-paid director, received £401,000 in salary last year, up from £397,000 in 2024, and also benefited from a $200 million to $300 million windfall from a share sale, according to The Guardian.

2024: 1.1, 2025: 1.7

Revolut key metrics: 2024 vs 2025: Pre-tax profit (before: £1.1 billion (2024), after: £1.7 billion (2025)); Revenue (before: £3.1 billion approx. (2024), after: £4.5 billion (2025)); Retail customers (before: 52.5 million (end 2024), after: 68.3 million (end 2025)); Business customers (before: approx. 577,000 (2024), after: 767,000 (2025))