Fintech Revolut reports record profits for 2025
A growing customer base and a Bank of England license pave the way for the company to compete directly with traditional banks
British fintech and Europe's most valuable startup Revolut reported record profits for 2025 / Photo: Veja/Shutterstock
British fintech and Europe's most valuable startup Revolut has reported record profits for 2025 and 46% revenue growth thanks to an increase in paid subscriptions and expanded investment offerings.
Details
Revolut reported a 57% rise in pre-tax profits last year to a record $2.3bn (£1.7bn). The company's revenue rose 46% to $6bn (£4.5bn). That result beat the average analyst forecast compiled by Bloomberg, which was £4.2bn.
The strong performance was underpinned by an influx of new users, with the number of retail customers up 30% to 68.3 million and paid subscription revenue up 67% to $936 million. Card fees rose 45% to $1.3 billion, while interest income climbed 23%, also to $1.3 billion.
"We have built a diversified, sustainable and profitable system-wide business that has been the foundation for the next phase of our growth," said CEO Nick Storonsky. - After a decade on this journey, we have just begun to show what we can do."
Strategy and banking license
Revolut, which provides deposit, savings and asset trading services, is actively working to diversify its sources of income and develop credit products. In mid-March, the company obtained a full UK banking license.
Storonsky previously called getting a license in the U.K. "the number one priority," as lingering scrutiny from the Bank of England has prevented the company from getting approvals in other countries where it plans to scale, Bloomberg specifies.
The UK license will allow Revolut to compete more aggressively for deposits: for example, claiming 25-30% of deposit volume at Lloyds Banking Group and NatWest, Bloomberg Intelligence noted.
This article was AI-translated and verified by a human editor
