Revolut Profit Hits Record $2.2 Billion as Subscriptions Surge

UK-based FinTech Revolut says its subscription income helped drive record profits last year.

The company released its annual report Tuesday (March 24) 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.

“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.”

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%.

The company earlier this month appointed a new CEO for its American operations and filed for a U.S. banking charter.

It’s a signal that “Revolut is no longer content to operate in America through partner arrangements,” but “wants to become a full-service American bank,” PYMNTS wrote.

The company says a U.S. banking charter will let it operate in all 50 states under one federal regulator with FDIC deposit insurance, and allow it to connect to core payment rails like Fedwire and ACH. The charter would also let Revolut offer personal loans and credit cards.

“In short, Revolut wants to stop depending on intermediaries and start controlling its own infrastructure,” that report added.

PYMNTS also recently looked at Revolut’s position as the subscription economy makes inroads into the banking/FinTech space, noting that the company had “combined global banking expansion with subscription tiers that unlock additional financial tools and services.”

“Many consumers manage spending through apps, store payment credentials in digital wallets and move funds across platforms with little friction,” that report added.

PYMNTS Intelligence research has found that 13.8% of consumers now use a digital bank as their primary financial institution, putting them almost on par with local banks and just slightly behind regional banks and credit unions.