Revolut, the London-based fintech that integrates cryptocurrency trading into its banking platform, reported record earnings for 2025. Profit before tax rose 57% year over year to $2.3 billion, while revenue climbed 46% to $6 billion, according to its annual report published Tuesday.

Record Growth Across the Board

The company posted its fifth straight year of net profit at $1.7 billion, with margins improving to 38%. Eleven business lines each generated more than $135 million, reflecting diversification well beyond its original currency exchange focus.

Customer activity surged in 2025. Total balances increased 66% to $67.5 billion, and transaction volume reached $1.7 trillion. Revolut added 16 million retail users last year, bringing its total to 68.3 million. Business accounts rose to 767,000.

Banking Licenses Expanding Globally

Regulatory progress is driving its next phase. Revolut received a full UK banking license earlier this month — a milestone years in the making — and now operates as a licensed bank in more than 30 markets. The company also filed for a U.S. banking license in early March.

Revolut plans to invest $13 billion over five years, targeting 100 million customers by 2027.

Crypto at the Core

The company lets users buy and sell crypto through its platform, including via a dedicated exchange called Revolut X. Crypto trading contributed to its diversified revenue base alongside card payments, subscriptions, and foreign exchange products. The firm doesn't break out crypto-specific figures.

With a UK banking license secured and U.S. approval pending, Revolut is positioning itself as the primary financial home for users who move fluidly between fiat and digital assets.