Revolut has reported record pre-tax profits of £1.7bn for 2025, up 57 per cent on the previous year, as the fast-growing fintech prepares for further expansion into mainstream banking products, including credit cards in the UK.
The results mark a significant milestone for the London-based group, which recently secured a full UK banking license from the Bank of England, a development that opens up a wider range of lending products and signals its transition from a payments platform to a fully-fledged global bank.
Chief Financial Officer Victor Stinga said launching credit cards in the UK was now a “key focus” for the company, alongside plans to introduce unsecured personal loans and overdraft facilities to its 13 million UK customers.
The move reflects Revolut’s strategy to deepen relationships with existing users by becoming their primary banking provider, rather than just a secondary payments or foreign exchange app.
The company is currently migrating its customers from its original payments infrastructure to a more comprehensive banking platform, enabling it to offer a wider range of financial services.
Revolut’s financial performance illustrates the extent of its expansion. Group sales rose 46 percent to £4.5 billion, while profit margins rose to 38 percent, underlining the efficiency of its technology-based model.
Customer growth remains a key driver. The company now serves more than 70 million users worldwide, up from 68.3 million at the end of 2025, and operates in over 40 countries.
Business accounts are also becoming increasingly important: the number of corporate customers rose by 33 percent to 767,000. At the same time, more and more retail customers are using Revolut as their main bank, depositing salaries and managing their day-to-day finances through the platform.
Stinga noted that the company now has 11 different product lines, each generating annual sales of more than £100 million, evidence of a more diversified and resilient business model.
Despite its rapid growth and a valuation of $75 billion after a secondary sale of shares last year, making it Europe’s most valuable private technology company, Revolut is playing down speculation about an impending listing.
Stinga said no decisions have been made on the timing or location of a potential IPO, stressing that management remains focused on product development and international expansion rather than capital markets.
The results also show a shift away from reliance on crypto trading, which was once a major revenue driver. While the wealth division, including crypto, grew revenue by 31 percent to £663 million, it was the slowest-growing segment of the business.
“Reliance on crypto is much lower now,” Stinga said, reflecting a broader industry trend following volatility in digital asset markets.
To sustain its expansion, Revolut significantly increased spending on marketing and brand visibility, with sales and marketing costs increasing by 47 percent to £650 million.
The company now has advertising placements at 18 airports in 11 countries and high-profile sponsorship deals with Manchester City and the Audi Formula 1 team, signaling a shift from organic growth to a more traditional customer acquisition strategy.
Loan losses more than doubled to £61m as the loan book grew rapidly by 120 per cent to £2.2bn. However, losses fell as a percentage of loan originations, which the company said shows the strength of its credit rating systems.
Revolut also reported a “significant decline” in fraud rates, attributing this to increased use of artificial intelligence to detect and prevent fraudulent activity, an area where the company has previously faced scrutiny.
Chief Executive Officer Nik Storonsky called 2025 “another milestone year” and highlighted the company’s ability to achieve profitability at scale while continuing to expand globally.
“We have built a diversified, resilient business that is profitable at scale and provides the foundation for our next phase of growth,” he said.
As Revolut moves deeper into traditional banking services and continues its global expansion, the challenge will be to maintain growth while navigating regulatory complexity and increasing competition from both established banks and rival fintechs.
With a strengthened balance sheet, a growing customer base and new products on the horizon, the company is positioning itself not just as a disruptor, but as a key player in the future of global banking.
