Revolut Business at $1B/year

TL;DR: After crypto carried Revolut's 2024 growth, the Revolut of 2026 looks much more like a diversified fee-based platform where no single product dominates, with 11 lines of business each generating $135M+ per year. Sacra estimates Revolut generated $6B in 2025 revenue, up 46% YoY from $4B in 2024, valued at $75B for a 12.5x revenue multiple. For more, check out our full report and dataset on Revolut.

We first covered Revolut in May 2025 as the company hit $4.0B in 2024 revenue, up 75% YoY from $2.3B in 2023, riding the crypto bull run.

Key points from our April 2026 update via Sacra AI:

After Wealth (crypto + stocks) was Revolut's breakout business in 2024 at 298% YoY growth, it slowed to 31% YoY in 2025 with the crypto decline, Revolut is increasingly building a diversified fee-based platform where 1) it is less dependent on interest rates, and 2) no single product line dominates, with subscriptions growing the fastest in 2025 to $936M (+67%, ~16% of revenue), followed by card payments at $1.3B (+45%, ~22%) and FX at $800M (+43%, ~13%), with the company now having 11 separate product lines each generating $135M+ per year.
B2B is becoming a real second act, with Revolut Business reaching 767K customers in FY2025, hitting $1B in annualized revenue by late 2025, processing $365B in volume across payments, FX, cards and software, and expanding in April 2026 into employer of record with GlobalHire to go after Deel ($1.4B ARR in February 2026, up 57% YoY).
Sacra estimates Revolut generated $6B in 2025 revenue, up 50% YoY from $4B, with pre-tax profit up 57% to $2.3B (38% margin), 70M+ retail customers (+30% YoY) and customer balances of $67.5B (+66% YoY), valued at $75B as of its $3B raise in November 2025 for a 12.5x revenue multiple—compared to Robinhood, which generated $4.5B in 2025 revenue, up 52% YoY, with pre-tax profit of $2.1B (~47% margin), 27M funded customers (+7% YoY) and $322B in total platform assets (+67% YoY), currently valued at $76B for a 16.9x revenue multiple.
After five years of trying, Revolut won its full UK banking license in March 2026, giving its 13M UK users FSCS-protected deposits and increasing pressure on both Monzo ($1.3B in 2024 revenue, up 48% YoY) and Wise ($1.2B in 2025 revenue, up 20% YoY) as Revolut is now roughly 4x larger than Monzo by revenue, 5.6x larger by customers and materially more profitable, while also using its $800M FX business and bundled banking product to push deeper into Wise's core corridor.
Across 40 markets, Revolut is turning from a Europe-first app into a global bank rollout, with a bank launch in Mexico, a US national bank charter filing and $500M investment plan, new licensing and expansion across Peru, Colombia, Argentina and Turkey, major hiring and capital commitments in India, Singapore and Australia, entry into UAE remittances, and new hubs in Paris and Manila—putting Revolut in increasing contact with Nubank ($5.5B in 2025 revenue, up ~25% YoY) and Kapital ($548M in 2025 annualized revenue, up 198% YoY) in LatAm and US neobanks like Chime and SoFi on their home turf.

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