Revolut’s profit before tax in 2025 reached a record £1.7 billion before it began its transition into a full bank.
PBT was up 57% on 2024 levels with a margin of 38%, up from 35% in the previous year.
Revenue surged to £4.5bn (2024: £3.1bn) at the London FinTech as it delivered its fifth consecutive year of net profitability. It said 11 different product lines each exceeded £100m in revenue.
Revolut received regulatory approval from the Prudential Regulation Authority this month to exit the mobilisation phase and launch as a bank in the UK, where it has 13m customers.
It means that Revolut Bank UK Ltd will be able to start offering accounts as a fully licensed bank for both retail and business customers.
Total customer balances surged 66% to £50.2bn as its retail customer base grew by 30% to 68.3 million and business customers increased 33% to 767,000.
It has progressed towards its goal of operating in 100 markets, now operating as a licensed bank in over 30 of its 40 markets, alongside the formal US national bank charter filing in March 2026.
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“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,” said Nik Storonsky, co-founder and CEO.
“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 £100m 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.”