Monzo Crosses £1 Billion Revenue in FY2025 as Profit Jumps Eightfold

Monzo crossed the £1 billion annual revenue threshold for the first time in its financial year to 31 March 2025, reporting total revenues of £1.2 billion — a 48 per cent increase on the previous year.

Adjusted profit before tax reached £113.9 million for the year, representing approximately an eightfold increase on the prior year's figure.

CUSTOMERS AND DEPOSITS

Monzo added 2.4 million net new customers during FY2025, finishing the year with 12 million customers on its platform.

Customer deposits rose 48 per cent to £16.6 billion.

The bank has been expanding its product suite to include lending, investments and business banking.

STATUTORY PROFIT

On a statutory basis, profit before tax was £60.5 million, up from £15.4 million in the prior (13-month) financial period.