Revolut has reached a $115 billion valuation through an employee share sale, the company said. The digital bank reported a pre-tax profit of $2.3 billion for 2025, on revenue of $6 billion. It now serves over 75 million customers worldwide.
How the valuation was set
The $115 billion figure comes from an employee share sale, not a traditional funding round. That means existing staff sold shares to outside investors at a price that values the whole company at that level. The valuation is a jump from previous rounds — Revolut was valued at $33 billion in 2021 and $45 billion in 2024.
Employee share sales let early workers cash out without the company issuing new shares. They're common at private fintechs that have delayed IPOs. Revolut has been talking about a public listing for years but hasn't set a date.
Profit and revenue growth
Revolut's 2025 profit of $2.3 billion is a sharp improvement. The company had been losing money for years before turning profitable in 2023. Revenue hit $6 billion, up from $2.2 billion in 2023. The growth comes from a mix of subscription fees, transaction charges, and lending income.
The company doesn't break out results by region, but it has expanded beyond its UK base into Europe, the US, and parts of Asia. It offers banking, crypto trading, and stock investing through its app.
Customer base expansion
Revolut now has 75 million customers, up from 45 million in 2023. That's a 67% increase in two years. The company has been adding users quickly in markets like Brazil and India, where it launched local services. It also picked up customers in Europe after the UK's Brexit-related banking changes.
The customer count includes both free and paid users. Revolut makes most of its money from premium plans and transaction fees, not from interest on deposits.
The $115 billion valuation, set through an employee share sale, reflects Revolut's financial performance and customer growth. The company hasn't announced plans for an IPO, but the share sale gives employees a way to realize gains while the company stays private.
