Revolut, the British fintech firm, announced a record annual pretax profit of £1.7 billion for 2025, marking a 57% increase, as it prepares to enter the U.S. market following the acquisition of a full U.K. banking license.
Financial Performance
- Profit before tax rose 57% to £1.7 billion ($2.3 billion) in 2025, up from £1.09 billion in 2024.
- Group revenue surged 46% to $6 billion, with business banking services contributing 16% of total income.
Expansion and Licensing
- The company secured a full U.K. banking license earlier this month, a key step for its U.S. expansion plans.
- Revolut is ramping up efforts to launch services in the United States, leveraging its technology-driven model.
Company Valuation and Market Position
- With a valuation of $75 billion in 2025, Revolut is one of Europe's most valuable private tech companies.
- This underscores its rapid growth and dominance in the fintech sector.
CEO Statement
- Cofounder and CEO Nik Storonsky stated: "We have built a diversified, resilient business that is profitable at scale, providing the foundation for our next phase of growth."
- He added: "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."