Revolut Posts Record $2.3 Billion Profit and Files for U.S. Bank Charter

TLDR

• Revolut reported pretax profit of $2.3 billion in 2025, up 57% year-on-year
• Group revenue jumped 46% to $6 billion, driven by subscriptions, card payments, and FX
• The company now has 68.3 million retail customers, up 30%, and 767,000 business customers
• Revolut received its full U.K. banking license earlier in March 2026
• The company filed for a U.S. Bank Charter in March, which would let it operate across all 50 states

Revolut has reported its biggest profit to date. The British digital bank posted pretax profit of £1.7 billion ($2.3 billion) for the year ended December 31, 2025. That’s a 57% increase on the £1.09 billion it made in 2024.

Revenue for the year came in at $6 billion, a 46% rise from the prior year. Growth was spread across all income streams. Subscriptions, card payments, and foreign exchange were among the strongest performers.

Business banking also played a role. That segment accounted for 16% of total revenue. Business customers grew 33% to 767,000 during the year.

Retail customers grew 30% to 68.3 million. Total customer balances rose 66% to $67.5 billion. Revolut has set a target of reaching 100 million customers by mid-2027.

CFO Victor Stinga said Revolut now has 11 product lines each generating more than £100 million in annual revenue. He described the platform as having “structural resilience to navigate any environment.”

Revolut was founded in 2015 and now operates in 40 markets. It hit a $75 billion valuation in a secondary share sale in 2025. That puts it on par with established U.K. banks like Barclays and Lloyds Banking Group.

U.K. Banking License Now Active

Earlier in March 2026, Revolut received its full U.K. banking license from the Prudential Regulation Authority. The process had been lengthy, involving extensive back-and-forth with regulators.

The license allows Revolut to offer new products in the U.K., including personal loans and other lending services. Lending is currently dominated by traditional banks in the country.

Revolut also launched full banking operations in Mexico in January 2026. The company sees growth outside Europe as its “next frontier of focus,” according to CFO Stinga.

U.S. Expansion Plans Filed

Revolut filed for a U.S. Bank Charter in March 2026. If granted, the charter would allow the company to operate in all 50 U.S. states under a single regulatory framework.

It would also let Revolut offer personal loans and credit cards to U.S. customers. The company currently operates in the U.S. but without a full banking license.

The U.S. filing marks the latest step in a global push by the company. Stinga confirmed that the U.S. will be a key focus once the full U.K. bank launch is finalized.

Revolut has not announced a timeline for when it expects a decision on the U.S. charter application.

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