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Revolut Reports Record Profits, Fintech Company Eyes US Expansion
Investing.com – UK fintech company Revolut announced a record annual pre-tax profit on Tuesday, as the company accelerates its US expansion plans following the full UK banking license obtained earlier this month.
Pre-tax profit is expected to grow 57% in 2025 to £1.7 billion ($2.3 billion), up from £1.09 billion in 2024. Group revenue increased 46% to $6 billion, partly driven by its corporate banking services, which account for 16% of total revenue.
The startup is valued at $75 billion in 2025, making it one of Europe’s most valuable private tech companies.
Co-founder and CEO Nik Storonsky said in a statement, “We have built a diversified, resilient business capable of achieving scalable profitability, laying the foundation for our next phase of growth.”
Storonsky added, “As we transform into a truly global bank, we are demonstrating that our technology-driven operating model can continue to drive rapid expansion and record-breaking profitability. At the ten-year mark of this journey, we are just beginning to show what’s possible.”
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