Revolut reports record 2025 profit as it gears up for U.S. push

British fintech Revolut on Tuesday reported a record annual pretax profit, as it ramps up plans to expand into the U.S. following its long-awaited granting of a full U.K. banking license earlier this month.

Profit before tax rose 57% to £1.7 billion ($2.3 billion) in 2025, compared to £1.09 billion in 2024. Group revenue increased by 46% to $6 billion, which the company said was in part due to the performance of its business banking services, accounting for 16% of total income.

The startup, which hit a $75 billion valuation in 2025, is one of Europe’s most valuable private tech companies.

“We have built a diversified, resilient business that is profitable at scale, providing the foundation for our next phase of growth,” said Cofounder and CEO Nik Storonsky in a statement.

“As we transition into a truly global bank, we are proving that our technology-driven operating model continues to drive rapid expansion and record profitability. A decade into this journey, we have only just begun to show what is possible.”

This is a developing story. Refresh for updates.