Revolut posted record pre-tax profits of £1.7 billion for the last year, a 57% rise from the prior year, as revenues climbed to £4.5 billion and the customer base expanded to 68.3 million.

The company’s customer base grew 33% in 2025, underpinning a 46% increase in group revenue to $6 billion, with business banking services accounting for 16% of total income.

With a full UK banking license and MiCA compliance, Revolut could offer deposits, lending, crypto trading, and stablecoin payments under a unified regulatory framework, potentially redefining neo-banks in crypto.

Revolut is transitioning toward becoming a bank, signaling a strategic shift in its business model.

The fintech is pursuing expansion into the United States after securing a full UK banking license earlier in the year.

This is an evolving story with ongoing updates anticipated.

Analysts view Revolut as a diversified financial platform, effectively an app-based money operating system with meaningful implications for scale, payments, and crypto competition.

CEO Nik Storonsky described 2025 as a landmark year, emphasizing a technology-driven model and the move toward a global bank with ongoing expansion.

The balance sheet remains prudent, with about 90% of assets in cash equivalents and Treasuries.

Revolut secured regulatory approval to become a full UK bank and is pursuing a US banking license, with operations now serving 13 million UK customers and a medium-term target of 100 million users by mid-2027.

The 2026 outlook centers on expanding the banking footprint globally, including a €11 billion five-year investment plan to accelerate growth and create 1,000 skilled roles, particularly in London, while expanding in the US and Western Europe.

Portugal highlighted strong growth with hundreds of thousands of new local customers, deposits rising, and increased domestic transactions as Revolut gained local banking authorizations and IBAN access.