Revolut Achieves $2.3 Billion Profit Milestone While Pursuing U.S. Banking Charter

Key Highlights

• The fintech company achieved $2.3 billion in pretax earnings for 2025, representing a 57% year-over-year increase
• Total revenue reached $6 billion, climbing 46% annually, fueled by subscription services, payment card transactions, and foreign exchange operations
• Customer base expanded to 68.3 million individual users (30% growth) and 767,000 corporate clients
• Full U.K. banking authorization was granted by regulators in March 2026
• Application for comprehensive U.S. banking charter submitted in March, enabling nationwide operations if approved

The London-based digital financial services provider Revolut has announced record-breaking financial results. For the fiscal year ending December 31, 2025, the company recorded pretax earnings of £1.7 billion (approximately $2.3 billion). This represents a substantial 57% jump from the £1.09 billion achieved in the previous year.

🚨 𝘽𝙍𝙀𝘼𝙆𝙄𝙉𝙂: @Revolut just dropped its 2025 report, and it’s absurd 🤯

This is what scale + profitability looks like in FinTech:

Most FinTech are still chasing profitability. Revolut is scaling it.

→ $6.0B revenue
→ $2.3B profit before tax (~38% margin)
→ 68.3M… pic.twitter.com/fraCA7pyBo

— Marcel van Oost (@oost_marcel) March 24, 2026

Annual revenue climbed to $6 billion, marking a 46% increase compared to the previous fiscal period. This growth was distributed across multiple revenue channels, with subscription fees, payment card transactions, and currency exchange services leading the charge.

The corporate banking division contributed significantly to overall performance, representing 16% of total revenues. The business client portfolio expanded by 33% to reach 767,000 accounts throughout the year.

Individual account holders increased by 30% to 68.3 million users. Customer deposits and balances surged 66% to $67.5 billion. The company has established an ambitious objective of attracting 100 million users by the middle of 2027.

Company cofounder and chief executive Nik Storonsky stated that the organization has created a “diversified, resilient business that is profitable at scale.” He characterized these financial outcomes as laying the groundwork for future expansion initiatives.

Chief Financial Officer Victor Stinga highlighted that Revolut now maintains 11 distinct product categories, each producing over £100 million in yearly revenue. He emphasized the platform’s “structural resilience to navigate any environment.”

Revolut launched operations in 2015 and currently serves customers across 40 international markets. The company achieved a $75 billion valuation through a secondary share transaction in 2025, placing it alongside traditional British banking institutions such as Barclays and Lloyds Banking Group.

Complete U.K. Banking Authorization Secured

In early March 2026, the Prudential Regulation Authority granted Revolut its comprehensive U.K. banking license. The approval process was extended and involved detailed regulatory scrutiny and discussions.

This authorization enables the fintech firm to introduce additional financial products within the United Kingdom, including personal lending facilities and other credit services. Traditional banking institutions currently maintain dominance in the U.K. lending sector.

Revolut also initiated complete banking services in Mexico during January 2026. According to CFO Stinga, the company views expansion beyond European markets as its “next frontier of focus.”

American Market Entry Strategy Underway

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

The charter would additionally permit Revolut to provide personal loans and credit card products to American consumers. While the company currently maintains operations in the United States, it lacks complete banking authorization.

This U.S. regulatory filing represents another milestone in the company’s worldwide expansion strategy. Stinga confirmed that establishing a full presence in the American market will become a priority following the completion of the U.K. banking rollout.

Revolut has not disclosed an expected timeframe for receiving a determination on its U.S. charter application.