Revolut said it was poised for further significant growth in 2025 after delivering a record-breaking year, with profit before tax more than doubling to $1.4 billion and revenue surging 72% to $4 billion.
Europe's largest fintech, which offers everything from digital bank accounts, FX and cryptocurrency trading, to wealth products and business tools, added nearly 15 million customers in 2024, bringing its global user base to 52.5 million.
The number of monthly active users rose 42%, while business clients jumped 56%, reflecting growing adoption across Revolut’s platform.
Stronger engagement also meant bigger balances.
Customer deposits grew 66% to $38 billion, with Revolut earning more from interest, lending and investment services.
Wealth income leapt nearly 300% to $647 million, and subscription revenue rose 74% thanks to upgrades to paid tiers.
Net profit came in at $1 billion, marking Revolut’s fourth consecutive year of profitability.
Net profit margins improved to 26%, underlining the scalability of its technology-led model.
Looking ahead, CEO Nik Storonsky is targeting 100 million daily active users and plans to launch banks in the UK and Mexico while expanding in markets such as India and Brazil.
It’s also rolling out new features, including mortgages, eSIMs and loyalty rewards.
Storonsky said the group’s growth was driven by a wider product mix and rising user adoption, with further gains expected as Revolut extends its reach globally and deepens customer relationships across its core segments.
"We’re making strong progress towards 100 million daily active customers across 100 countries, driven by growth in the UK, Europe, and our expansion markets," he added.