Fintech reports record year as customer balances surge and primary banking usage accelerates
Revolut has reported a sharp rise in profitability and revenue in its latest annual results, with profit before tax climbing 57% year-on-year to £1.7bn as the firm continues to scale its banking and payments offering globally.
According to the bank’s 2025 annual report published today (March 24), revenue increased 46% to £4.5bn in 2025, up from £3.1bn the previous year, marking what the company described as its “strongest financial results to date”.
The results reflect a period of sustained growth across both retail and business segments, alongside a notable increase in customer balances and usage.
Customer numbers continued to expand, with retail users rising 30% and business customers growing 33%. This translated into a significant increase in deposits, with total customer balances rising 66% to £50.2bn.
“In 2025, 16 million new customers joined Revolut, bringing our retail customer base to 68.3 million (+30% YoY),” said CEO Nik Storonsky. “Transaction volumes increased 65% year-on-year to £1.3 trillion, reflecting growing trust in Revolut as a primary account.”
The company said the increase “underlines the growing trust customers place in Revolut as their primary financial platform”.
Separate figures in the report show the number of customers using Revolut as their primary bank grew by 45% during the year, indicating a shift in how users engage with the platform beyond secondary spending or travel use cases.
Transaction volumes also rose, with retail transaction volume reaching £986bn and business transaction volume climbing to £277bn, reflecting increased activity across payments, transfers and financial services.
Revolut Business remained a key contributor to overall performance, with revenue in the segment increasing 53% as more companies adopted the platform to manage payments, spending and financial operations in a single system.
The company’s income mix highlights a growing contribution from interest income alongside its core fee-based services. According to the consolidated financial statements, fee income totalled £3.4bn, while interest income reached £974m.
The report notes that Revolut continues to invest in expanding its product ecosystem, offering services across spending, saving, investing and borrowing. Its retail proposition includes payments, savings accounts and investment products such as stocks, ETFs and cryptocurrencies, alongside tools designed to help customers manage their finances.
Revolut’s global footprint continues to expand
Geographically, 2025 marked a period of continued expansion.
“Beyond financial performance, 2025 was a definitive year for [our] local presence,” said Martin Gilbert, Chair of Revolut. “We opened our new Global HQ in London, marking a significant milestone and reinforcing our long-term commitment to the UK. Alongside this, Revolut committed £3 billion of investment in the UK and announced plans to create 1,000 high-skilled jobs, strengthening our contribution to the UK economy.”
Gilbert also noted the establishment of its Western Europe headquarters in Paris, supporting the fintech’s continued expansion and leadership across the region “This sustained performance and delivery enabled Revolut to complete a fundraising process at an implied valuation of $75 billion,” he said.
The company also committed £3bn of investment in the UK and plans to create 1,000 jobs, reinforcing its long-term focus on the domestic market.
Revolut said the year represented “a new phase” in its development, characterised by growth in scale, profitability and organisational footprint.
The results come as the company continues to operate as a licensed bank in multiple markets while expanding its range of financial services, positioning itself across both consumer and business payments ecosystems.
