Revolut Reports Jump in Profit on Higher Customer Numbers

Dow Jones03-24

By Elena Vardon

Digital bank Revolut said its expanding customer base and diversified revenue streams lifted the British group's annual profit.

The London-based firm, which earlier this month got regulatory approval to operate as a fully-fledged bank in its home market, runs an app that lets users make payments, trade assets and hold money. Revolut competes with traditional banks for retail and business customers and has recently applied for a national bank charter in the U.S.

On Tuesday, the fintech reported that pretax profit for the year ended Dec. 31 reached 1.7 billion pounds ($2.28 billion), up from 1.1 billion pounds in 2024.

This was driven by a 46% jump in revenue to 4.5 billion pounds on double-digit growth in all of its income streams--with particular strength in subscriptions, card payments and foreign exchange--as its customer base grew by around a third during the year, it said.

"With 11 different product lines now exceeding 100 million pounds in annual revenue, our multi-engine platform provides the structural resilience to navigate any environment," said Victor Stinga, Revolut's finance chief.

Founded in 2015, Revolut has grown into Europe's most valuable fintech, according to PitchBook data. The company fetched a $75 billion valuation in a secondary share sale last year that puts it on par with incumbents such as Barclays and Lloyds Banking Group.

Write to Elena Vardon at elena.vardon@wsj.com

(END) Dow Jones Newswires

March 24, 2026 03:43 ET (07:43 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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The company fetched a $75 bi","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Revolut报告称，由于客户数量增加，利润大幅增长","themeId":"8603dabb40994e59ac78c04c930c0d49","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"By Elena Vardon \n\n\n \n\n\n  Digital bank Revolut said its expanding customer base and diversified revenue streams lifted the British group's annual profit. \n\n\n  The London-based firm, which earlier this month got regulatory approval to operate as a fully-fledged bank in its home market, runs an app that lets users make payments, trade assets and hold money. 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