German digital bank N26 confirmed in December 2025 that it expects to record a full-year profit for the 2025 financial year, marking a historic milestone for the Berlin-headquartered neobank that has been systematically building towards sustainable profitability since it reported its first-ever quarterly profit in Q3 2024. The announcement represents a turning point for one of Europe's most closely scrutinised fintech challengers, and brings a period of loss-making to a formal end.
Revenue for FY2025 is projected to fall in a range between €580 million and €620 million, compared with the €440 million generated across the FY2024 financial year. That forecast represents a year-on-year increase of between 32% and 41%, a pace of top-line growth that reflects both a meaningfully expanding customer base and a deepening revenue relationship between N26 and each user active on its platform, as more customers use more products and generate more fee and interest income.
CUSTOMERS, DEPOSITS, AND TRANSACTION VOLUMES
N26's revenue-generating customer base grew 14% over the period to reach 4.8 million individuals, while customer deposits held on the platform stood at €10.4 billion, providing a substantial and growing funding base that underpins the bank's lending and interest-generating activities. Transaction volume expanded 24% to €147.8 billion, a figure that captures the increasing velocity of financial activity flowing through the N26 platform as customers use it more intensively and more habitually for their day-to-day banking requirements.
The combination of customer growth, rising deposit balances, and accelerating transaction volumes tells a coherent story of a bank that has successfully converted a substantial portion of its initial sign-up base into deeply engaged, financially active account holders. For a neobank that long attracted external scepticism about customer lifetime value and whether users engaged beyond zero-fee current accounts, those metrics provide meaningful quantitative evidence of strategic maturity and growing commercial substance beneath the headline user figures.
FROM QUARTERLY PROFIT TO ANNUAL MILESTONE
N26's Q3 2024 quarterly profit was the first in the bank's history and established a proof-of-concept that the business model could generate a genuine surplus rather than simply constrained losses. The path from that initial quarterly result to a sustained full-year profit projected for FY2025 required disciplined cost management running in parallel with top-line expansion — a challenging balance for a bank that has invested heavily in building and maintaining its technology platform and has simultaneously navigated regulatory requirements and compliance obligations across multiple European jurisdictions.
The FY2025 profit expectation emerges at a moment when the neobanking sector as a whole is under sustained pressure to demonstrate that its models can generate durable financial returns rather than simply large user bases funded by successive rounds of venture capital. N26's projected result strengthens the bank's negotiating position for any future capital market activity or refinancing requirements and validates the strategic and operational decisions taken by management since the bank's founding. N26 has not yet published a formal revenue or profitability forecast for FY2026, though the combination of 14% customer growth, a 24% rise in transaction volumes, and a deposit base of €10.4 billion provides a credible platform from which to target continued financial progress in the year ahead.