Revolut pretax profit hit record £1.7 billion in 2025
Its profit soared 57%, a smaller gain than the previous year’s around 150% jump
Revolut’s pretax profit hit a record £1.7 billion in 2025, the British fintech firm said on Tuesday, as it plans to compete more directly with mainstream banks by launching credit cards, loans and overdrafts in the UK.
Its revenue rose £4.5 billion from £3.1 billion in 2024, driven by income from fees charged to its 68.3 million customers. Its profit soared 57%, a smaller gain than the previous year’s around 150% jump.
Revolut, cleared by regulators to launch its UK bank on March 11 after a multi-year wait, said it was transferring existing UK customers to its banking entity, and plans to offer a credit card, unsecured personal loans and overdrafts.
Profit in recent years has been driven by interest income and crypto, but the company is looking to increase its credit book and lending business as it encroaches on the territory of mainstream banks.
Founded in 2015, Revolut is one of the most successful European fintech companies, with no physical bank branches. It hit a $75 billion valuation in a private secondary share sale in November last year.
Revolut said it more than doubled its loans to customers last year, with its lending portfolio – which is mostly consumer loans – growing 120% to £2.2 billion.
Still, it described its mortgage business, launched in Lithuania, as “nascent”. CFO Victor Stinga told journalists that although Revolut plans to offer mortgages in other countries, it’s probably not a matter of months, but rather the next several years.
The company is trying to have more customers use it as their main account. Stinga declined to comment on how many Revolut customers did so in 2025, although the annual report said this number was up 45% from a year ago.