Overview
- Revolut reported on Tuesday a 57% jump in pretax profit to £1.7 billion for 2025 as revenue rose 46% to £4.5 billion.
- Its UK banking arm gained full authorisation in March, opening FSCS-protected deposit accounts and starting a phased rollout of current accounts to new customers.
- Revolut filed in March for a US national bank charter with the OCC and the FDIC, a step that would let it offer loans and cards nationwide if approved.
- The company now serves 68.3 million retail customers and 767,000 businesses, holds US$67.5 billion in customer balances, and doubled its loan book to about £2.2 billion.
- Analysts and UK press cast the shift as a direct challenge to high street banks’ deposit bases, while Revolut also pushes expansion with a Mexico bank launch in January and a Singapore hub build-out.