LONDON–In another indicator of the growth of fintech, the U.K.-based Revolut says its subscription income helped drive record profits in 2025.
The company released its annual report showing profits of $2.3 billion, with revenues of $6 billion, a 40% increase. It comes weeks after Revolut landed its long-awaited UK banking license, and follows a year in which the company expanded into several new markets.
As the CU Daily reported here, Revolut has applied for a U.S. bank charter and appointed former executive Cetin Duransoy as its new CEO for the United States.
“2025 was another landmark year. We have built a diversified, resilient business that is profitable at scale, providing the foundation for our next phase of growth,” Nik Storonsky, Revolut’s co-founder and CEO, said in a news release. “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.”
Cards Also Play Role
According to the report, the company’s revenues last year were driven by subscription services, up 67% to $936 million, and card payments, up 45% to $1.3 billion.
Revolut also flagged its growth in the U.S., with its customer base up 230% year over year, transaction volumes up 200%, and deposits and customer balances up 100%.
