Revolut’s Profit Surge: A Stunning 149% Increase!

In a monumental leap, Revolut has reported a staggering 149% surge in its pretax profits, soaring to £1.1 billion ($1.46 billion) last year. The London-based fintech giant is riding high on the booming cryptocurrency market, alongside increased earnings from interest rates and card transaction fees.

Revenue Rockets: The Numbers Behind the Boom

Revenue skyrocketed to £3.1 billion, a significant rise from £1.8 billion in 2023. This exceptional growth stems from higher interest income, enhanced card payments, and the explosive success of Revolut’s "Wealth" segment, which encompasses trading and crypto offerings.

Dominating the European Fintech Scene

Revolut has firmly established itself as the leader among European fintechs launched in the past decade, boasting a whopping valuation of $45 billion last year. With ambitions to delve into mortgages and consumer lending, the competition with traditional banks is heating up, especially as it expands its footprint in the U.S. market.

A Hard-Earned Banking License Awaits

After a lengthy three-year wait marked by regulatory scrutiny, Revolut finally secured its UK banking license and is set to commence operations as a bank this year.

CEO Nikolay Storonsky Increases Stake in the Company

In a strategic move to strengthen his grip, CEO and co-founder Nikolay Storonsky expanded his ownership stake by acquiring an indirect, non-voting interest in April 2025, bringing his total ownership to over 25%.

Explosive Growth in the Wealth Sector

Revenue from Revolut’s ‘Wealth’ division exploded by 300% year-on-year, propelled by a surge in crypto trading activity and the launch of its own crypto exchange. However, CFO Victor Stinga refrained from disclosing specific revenue details derived from cryptocurrencies.

Customer Numbers on the Rise

The fintech company witnessed impressive customer growth, increasing its user base to 52.5 million, up from 38 million in 2023. Business clients now contribute a substantial 15% of total revenue.

Tackling Fraud and Scams: A Commitment to Customer Safety

Revolut is making significant investments in customer fraud protection, acknowledging previous media reports that highlighted a troubling number of fraud cases associated with the company compared to major UK banks. The firm has condemned social media platforms as the primary source of such scams, advocating for them to reimburse victims.

A Unique Work Culture Faces Criticism

Despite facing criticism for its work culture and high staff turnover, CEO Storonsky defends the "high-performance culture" as a driver of success. The innovative "Karma" system, which monitors employee behavior regarding risk and compliance, was expanded in 2024, linking performance rewards to compliance.

Looking Ahead: Exponential Growth on the Horizon

With the future looking bright, Storonsky confidently stated, "Revolut remains poised for exponential growth." The fintech continues to disrupt traditional banking norms while expanding its offerings.