Revolut Reports Record Profit as It Prepares Expansion Into the U.S.
Revolut reported a record annual profit as the company prepares for expansion into the United States following the approval of its full UK banking license.
The fintech firm announced that profit before tax increased by 57% to £1.7 billion in 2025, up from £1.09 billion in 2024. Group revenue rose 46% to $6 billion, driven in part by strong growth in its business banking division, which accounted for 16% of total revenue.
Strong Customer and Balance Growth
Revolut continues to grow rapidly across global markets. The company reported:
- Total customer balances increased 66% to $67.5 billion
- Retail customers grew 30% to 68.3 million
- Business customers increased 33% to 767,000
The company aims to reach 100 million customers by mid-2027, highlighting its aggressive global growth strategy.
CEO Statement
Co-founder and CEO Nik Storonsky said the company has built a profitable and scalable business model that supports its global expansion plans.
He stated that Revolut is transitioning into a “truly global bank,” driven by its technology-focused operating model, which continues to support rapid expansion and profitability.
UK Banking License and New Products
Earlier in March, Revolut secured a full UK banking license from the Prudential Regulation Authority after a long regulatory process. The license allows Revolut to expand into lending products such as personal loans and credit products, a market traditionally dominated by large banks.
The company also launched full banking operations in Mexico in January as part of its international expansion strategy.
U.S. Expansion Plans
According to Chief Financial Officer Victor Stinga, expansion beyond Europe will be the company’s “next frontier.” Revolut has filed for a U.S. bank charter, which, if approved, would allow the company to operate across all 50 U.S. states under a single regulatory framework and offer services such as personal loans and credit cards.
