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# Germany's N26 reports EUR 501.6 million 2025 revenue and first full-year net profit
- URL: https://www.theglobalbanker.com/n26-germany-2025-full-year-revenue-net-profit/
- Published: 2026-06-25T13:01:00.000Z
- Updated: 2026-10-02T00:29:40.000Z
- Description: N26 reported 2025 revenue of EUR 501.6m, up 13%, and net income of EUR 1.6m, its first full year of net profitability, alongside stronger Q1 2026 numbers.
- Author: TGB Editorial Team
- Tags: Fintech, Europe

German neobank N26 has reported full-year 2025 revenue of EUR 501.6 million, up 13% from EUR 445.4 million a year earlier, and group net income of EUR 1.6 million compared with a EUR 42 million net loss in 2024\. The result marks the Berlin-based lender's first full year of net profitability.

Gross profit rose 33% to EUR 350.5 million as direct costs fell, which N26 said demonstrated the business's increasing operating leverage. Revenue-relevant customers grew 16% to 5.6 million, while annual transaction volume rose 14% to EUR 170.7 billion. Customer deposits surpassed EUR 10.5 billion.

#### PROFITABILITY MILESTONE

Chief executive Mike Dargan called surpassing half a billion euros in annual revenue "a landmark milestone for N26". The EUR 1.6 million net profit represents a year-on-year improvement of EUR 43.6 million from the EUR 42 million net loss in 2024.

Net fee and commission income rose 21% to EUR 184.2 million, or 53% of gross profit, driven by subscriptions and card transaction volumes, while net interest income, which includes treasury and lending activities, rose 49% to EUR 166.3 million.

N26 has faced repeated regulatory scrutiny, including a cap on customer growth imposed by the German supervisor BaFin in 2021 and lifted in 2024\. Remediation is not complete: in December 2025 BaFin imposed fresh measures, including a special monitor and a ban on new mortgage lending in the Netherlands, citing serious deficiencies in risk and complaint management. 

#### MOMENTUM CARRIES INTO 2026

N26 also disclosed preliminary Q1 2026 numbers, reporting quarterly revenue of EUR 130 million and net income of EUR 9.8 million. First-quarter net income was already above the full-year 2025 figure, and N26 said it expects profitability to be maintained in 2026.

N26 said the 16% rise in revenue-relevant customers to 5.6 million reflected its focus on deepening customer relationships and becoming customers' primary bank. 

Chief financial officer Arnd Schwierholz said revenue growth, disciplined cost management and a diversified earnings profile contributed to the first full year of profitability. Preliminary first-quarter gross profit was EUR 92.0 million.