London-based fintech Revolut has reported record pre-tax profits of £1.7 billion for 2025, up 57 per cent from the previous year, as it moves deeper into mainstream banking products in the UK. The results follow the company’s recent acquisition of a full UK banking licence from the Bank of England, a development that allows Revolut to expand its lending and credit offerings.
Chief Financial Officer Victor Stinga said the launch of credit cards in the UK is now a “key area of focus,” alongside plans to introduce unsecured personal loans and overdraft facilities for its 13 million UK customers. The move is part of Revolut’s strategy to position itself as the primary banking provider for users rather than a secondary app for payments or foreign exchange.
The company is in the process of migrating customers from its original payments infrastructure to a more comprehensive banking platform, enabling a broader suite of financial services. Revolut’s financial results reflect the scale of this expansion. Group revenues rose 46 per cent to £4.5 billion, while profit margins increased to 38 per cent, demonstrating the efficiency of its technology-driven model.
Customer growth remains a key driver of performance. Revolut now serves more than 70 million users globally, up from 68.3 million at the end of 2025, and operates in over 40 countries. Corporate accounts are also growing, with the number of business clients rising 33 per cent to 767,000. Increasingly, retail customers are using Revolut as their main bank, paying salaries and managing daily finances through the platform.
Stinga highlighted that Revolut now has 11 product lines generating over £100 million in annual revenue each, illustrating a diversified and resilient business model. While the wealth division, including crypto, saw slower growth at 31 per cent to £663 million, the company said reliance on digital assets has declined, reflecting wider industry trends after periods of market volatility.
Revolut has also stepped up marketing and brand visibility, with spending on advertising rising 47 per cent to £650 million. High-profile sponsorships, including partnerships with Manchester City and the Audi Formula 1 Team, are aimed at expanding its customer base internationally.
Credit losses more than doubled to £61 million as the loan book grew to £2.2 billion, but losses as a proportion of lending declined, highlighting the strength of Revolut’s credit assessment systems. The company also reported a significant reduction in fraud rates, attributed to enhanced AI detection.
Chief Executive Nik Storonsky described 2025 as “another landmark year” and said the company has built a profitable, scalable business with a diversified revenue base. With new banking products and continued global expansion, Revolut is positioning itself as a central player in the future of financial services while navigating regulatory challenges and rising competition from both established banks and fintech rivals.
