Today, Revolut released its Annual Report for the year ending 31 December 2025. Ten years after its launch, the Group is delivering record profitability and global scale as it transitions into a truly global bank.

Nik Storonsky, Co-Founder and CEO of Revolut, said: “2025 was another landmark year. We have built a diversified, resilient business that is profitable at scale, providing the foundation for our next phase of growth. 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.”

Victor Stinga, CFO of Revolut, commented: “Our 2025 results further demonstrate the strength of our diversified model, as we continue to deliver rapid expansion alongside increasing profitability. Our 38% profit before tax margin is a result of disciplined financial steering and our ability to scale efficiently while continuing to invest in our people and infrastructure. With 11 different product lines now exceeding £100 million in annual revenue, our multi-engine platform provides the structural resilience to navigate any environment. We enter our second decade from a position of strength, uniquely placed to continue incubating the new bets that will redefine banking."

2025 Performance Highlights

Record profitability driven by a resilient, diversified model

Revolut achieved its strongest results to date by balancing rapid growth with structural margin expansion and deep revenue diversification.

Revenue growth & diversification: Group revenue increased by 46% to $6.0bn (£4.5bn), up from $4.0bn (£3.1bn) in 2024. This performance was underpinned by Revolut Business, which now accounts for 16% of total income. The Group now tracks 11 different product lines that each exceeded c.$135m (£100m) in revenue.

• Subscriptions turnover reached $936m (£708m), a 67% YoY increase from $541m (£423m).
• Card Payments grew 45% YoY to $1.3bn (£1.0bn), compared to $887m (£694m) in 2024.
• Wealth increased 31% to $876m (£663m), up from $647m (£506m).
• FX increased 43% to $800m (£606m), up from $540m (£422m).

Customer balances & lending: Total customer balances expanded 66% to $67.5bn (£50.2bn), up from $38bn (£30bn) in 2024.

• Revolut maintained a prudent approach to balance sheet management, holding 90% of assets in cash and cash equivalents and Treasury Investments.
• Customer lending portfolio grew by 120% YoY to $2.9bn (£2.2 billion), consisting primarily of Unsecured Personal Loans, Credit Cards, and a nascent portfolio of mortgages.
• This contributed to a 23% YoY increase in interest income of $1.3bn (£974m), compared to $1.0bn (£790m) in 2024.

Record profitability: Top-line growth translated into a fifth consecutive year of net profitability.

• Profit before tax was $2.3bn (£1.7bn), up 57% from $1.4bn (£1.1bn) in 2024.
• PBT margin expanded to 38%, up from 35% in 2024, reflecting the strong operating leverage of the business model.
• Net profit grew to $1.7bn (£1.3bn), up from $1.0bn (£790m) in 2024.