Revolut (REVOLUT) Q4 2025 earnings summary

Executive summary

• Achieved record financial results in 2025, with revenue up 46% to £4.5B and profit before tax up 57% to £1.7B year-over-year.

• Retail customers grew 30% to 68.3M and business customers rose 33% to 767K compared to 2024.

• Total customer balances increased 66% to £50.2B, reflecting deepening customer trust.

• Completed a fundraising round at a $75B valuation, reinforcing status as Europe’s most valuable private tech company.

• Expanded global footprint with new banking licenses in Mexico and Colombia, and regulatory progress in UAE and India.

Financial highlights

• Revenue: £4.5B (+46% YoY); Profit before tax: £1.7B (+57% YoY); Net profit: £1.3B (+65% YoY).

• Gross profit margin: 78%; Profit before tax margin: 38% (up from 35% in 2024).

• Fee-based revenues comprised 76% of turnover; interest income 21.6%.

• Total customer balances: £50.2B (+66% YoY); Loans portfolio: £2.2B (+120% YoY).

• Business segment contributed 16% of total revenue; business transaction volume up 56% to £277B.

Outlook and guidance

• Targeting 100M customers in 100 markets globally.

• Announced £10B investment over five years for international growth, product innovation, and hiring.

• Entered 2026 with momentum: launched full banking in Mexico, filed for US national bank charter, and UK Bank exited mobilisation phase.