Revolut has announced a landmark financial performance, posting record annual profits of £1.7 billion for 2025. The fintech giant's pre-tax profits surged from £1.1 billion in 2024, marking a significant milestone in its evolution.
Customer Growth and Global Expansion
The impressive profit figures come alongside substantial customer growth. Revolut's global customer base expanded by 30% to reach 68.3 million by the end of 2025. The company added 16 million new retail customers during the year, while its business customer base grew by a third to 767,000.
UK Banking Licence Approval
Earlier this month, Revolut secured the long-awaited regulatory approval to become a fully fledged bank in the United Kingdom. The Bank of England's Prudential Regulation Authority granted the full banking licence nearly five years after Revolut first applied.
This regulatory milestone follows a restricted licence granted in July 2024. With the full licence now in place, Revolut plans to offer a wider array of banking services in the UK market, including lending products and enhanced financial services.
Global Banking Ambitions
Revolut's banking ambitions extend far beyond the UK. The company applied for a banking licence in the United States in March and currently operates as a licensed bank in over 30 of its 40 global markets. The fintech has set an ambitious target to reach 100 million customers worldwide by the middle of 2027.
Nik Storonsky, co-founder and chief executive of Revolut, described 2025 as "another landmark year" for the company. He stated: "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."
Financial Performance and Future Plans
Revolut's financial success was further highlighted by a 46% increase in revenues, which reached £4.5 billion in 2025. This growth was partly driven by more customers opting for premium services offered by the platform.
The company, which was valued at approximately $75 billion (£56 billion) in a fundraising round last year, has already begun rolling out current accounts to a small number of new UK customers. This rollout will gradually expand over the coming weeks as Revolut leverages its new banking capabilities.
With 13 million customers already in the UK market, Revolut's transition to full banking status represents a significant development in the financial technology landscape. The company's decade-long journey has positioned it as a major player in the global banking sector, with Storonsky noting: "A decade into this journey, we have only just begun to show what is possible."
