Revolut Says Profit Hit Record $2.3 Billion in 2025

Revolut profit hits record $2.3 billion in 2025

Revolut's Financial Performance and Expansion

Record Profit and Revenue Growth

March 24 (Reuters) - British finance app Revolut said its pretax profit hit a record 1.7 billion pounds ($2.3 billion) in 2025, up 57% from the year before, more than doubling its lending, as the company positions itself to compete more directly with mainstream banks.

Revolut, which was recently cleared by regulators to launch its UK bank, said its revenue was 4.5 billion pounds, up from 3.1 billion the previous year, driven by income from fees charged to its 68.3 million customers.

Lending Portfolio and Mortgage Business

The company said it more than doubled its loans to customers, with its lending portfolio - which is mostly consumer loans - growing 120% to 2.2 billion pounds. It described its mortgage business, launched in Lithuania, as "nascent."

Company Background and Market Position

Fintech Success and Valuation

Founded in 2015, Revolut has emerged as the most successful of the handful of European fintech companies founded in the 2010s, with no physical bank branches. It hit a $75 billion valuation in a private secondary share sale in November last year.

Licensing and International Expansion

European and US Banking Ambitions

The company is seeking a banking licence in France, although it already offers banking services in the European Union by "passporting" a licence from Lithuania, and has applied for a bank charter in the United States.

($1 = 0.7465 pounds)

(Reporting by Elizabeth Howcroft; Editing by Gianluca Lo Nostro, Inti Landauro and Louise Heavens)