Crypto-friendly, London-based fintech giant Revolut reported record profits by 2025 as it scales into new markets.
Pretax profits rose 57% year over year to $2.3 billion, while revenue rose 46% to $6 billion, according to its annual report. The company posted its fifth consecutive year of net profit, which stood at $1.7 billion by 2025, with margins improving to 38%.
The growth came from a broader mix of services. Card payments, subscriptions, currencies and wealth products contributed significant revenue. Eleven business lines generated more than $135 million each, the firm said.
Customer activity also increased. Total balances increased by 66% to $67.5 billion, while transaction volume reached $1.7 trillion. Revolut added 16 million retail users, bringing its total to 68.3 million. Commercial accounts increased to 767,000.
Regulatory progress remains fundamental to its strategy. The company now operates as a licensed bank in more than 30 markets, which earlier this month began to include the United Kingdom, and has applied for a banking license in the United States.
Revolut plans to invest $13 billion over five years and aims to reach 100 million customers by 2027, it said. The company allows users to buy and sell cryptocurrencies through its platform, including through a dedicated exchange called Revolut X.
