Total revenue surged 46% to $6bn (c. £4.5bn) over the course of the year, with net profit climbing from $1bn (c. £0.75bn to $1.7bn (c. £1.27bn). Subscription revenues proved particularly buoyant, rising 67% year-on-year, underscoring the strength of a platform that now boasts 11 distinct product lines, each generating more than £100 million in annual revenue.

The results reflect Revolut’s growing dominance across Europe, where one in five working-age adults now holds an account with the firm. Its flagship banking app ranks first in the Finance category in 15 countries and sits in the top three across 26 European markets. Retail customer numbers grew 30% to 68.3 million, whilst business clients rose 33% to 767,000.

Co-founder and CEO Nik Storonsky, who launched Revolut in 2015, described the results as the foundation for the company’s next phase of growth.

“We have built a diversified, resilient business that is profitable at scale,” he said, adding that the firm had “only just begun to show what is possible.”

Looking ahead, Revolut has committed to a £10 billion investment over five years to drive international expansion, including a new London Global HQ and 1,000 high-skilled jobs, alongside significant capital deployment in the United States and Europe.