Revolut Reports $1.4 Billion Pre-Tax Profit for 2024 as Revenue Reaches $4 Billion

Revolut reported a pre-tax profit of $1.4 billion for the full year 2024, its fourth consecutive year of net profitability. Revenue grew 72% year-on-year to reach $4 billion. The figures were published in the company's annual report, released in April 2025.

The customer base grew 38% over the course of 2024, adding nearly 15 million new users to reach 52.5 million globally.

PROFIT MARGIN

A pre-tax profit of $1.4 billion on $4 billion of revenue implies a pre-tax margin of 35%.

LICENCES AND PLANS

Revolut's 52.5 million customers are spread across more than 35 countries. In the EU it operates under a banking licence issued by the Bank of Lithuania, which under EU passporting rules enables it to offer regulated banking services across the bloc. In the United Kingdom, Revolut received a banking licence with restrictions from the Prudential Regulation Authority in July 2024 and entered a mobilisation period, during which it could not yet offer full UK banking services.

The company's stated ambitions extend into lending, investment products and insurance.