Fintech giant Revolut has announced a record annual profit of £1.7 billion, alongside a significant surge in its customer base, as it reaffirms ambitious plans to reach 100 million customers globally by mid-2027.
The digital banking firm, which recently secured its long-awaited full banking licence in the UK, reported pre-tax profits of £1.7 billion, a substantial rise from £1.1 billion in the preceding year.
This financial milestone coincides with a 30 per cent expansion of its global customer base, now standing at 68.3 million.
The company attracted an additional 16 million new retail customers, while its business client roster grew by a third to 767,000.
Earlier this month, Revolut received regulatory approval for a full banking licence in the UK, nearly five years after its initial application.
The company also applied for a banking licence in the US in March and currently operates as a licensed bank in over 30 of its 40 markets worldwide, underscoring its rapid global expansion and strategic push into regulated financial services.
Nik Storonsky, co-founder and chief executive of Revolut, said: “2025 was another landmark year.
“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.”
Revolut – which already has 13 million customers in the UK – plans to offer a wider array of banking services in the UK, such as lending and other products, after getting approval from the Bank of England’s Prudential Regulation Authority (PRA) for a full UK banking licence.
The group has started rolling out current accounts to a small number of new UK customers and will gradually expand this over the coming weeks.
It comes after Revolut was granted a licence with restrictions in July 2024, having first applied to become a full bank in 2021.
Revolut, which was valued at around $75 billion (£56 billion) in a fundraiser last year, said revenues lifted 46 per cent to £4.5 billion last year, helped by more customers paying for premium services.
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