Revolut recorded a staggering efficiency in 2024. The UK-headquartered financial institution introduced, in its 24 April 2025 annual report, that its pre-tax income doubled to $1.3 billion, whereas revenues surged 72% to £3.1 billion from £1.8 billion within the earlier 12 months.
“Wealth revenues grew 298% YoY, pushed by elevated crypto buying and selling exercise as noticed all through the trade and the launch of the RevolutX crypto trade,” mentioned Victor Stinga, Chief Monetary Officer of Revolut.
It’s price noting that the corporate launched RevolutX, a devoted desktop crypto trade, in Might 2024. It turned common for providing over 100 tokens with aggressive price buildings and real-time on/off ramp capabilities.
Moreover, Revolut mentioned RevolutX will probably be accessible for a broader viewers on cell platforms beginning 2025.
“2025 is already off to an important begin and we sit up for a really thrilling 12 months forward,” mentioned Martin Gilbert.
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“2024 was one other landmark 12 months for Revolut, with continued development throughout all key enterprise areas,” mentioned Revolut founder and CEO Nik Storonsky
Revolut greater than doubled its income to £1B in 2024 as crypto buying and selling surged and buyer numbers hit 50M+.
Income jumped to £3.1B, up from £1.8B in 2023.
Its wealth division, together with crypto, introduced in £506M – almost 4x final 12 months.#Revolut #CryptoTrading pic.twitter.com/g80fumBLUP
— Satoshi Talks (@Satoshi_Talks) April 24, 2025
By November 2024, Revolut expanded its crypto trade companies throughout 30 new European Financial Space (EEA) markets, together with Belgium, Cyprus, and Denmark. This enlargement technique has allowed the corporate to capitalize on rising curiosity in digital property throughout Europe.
“In opposition to the backdrop of sturdy enterprise efficiency, we executed a secondary sale transaction at an implied $45 billion valuation to offer liquidity alternatives to staff, alumni, and early shareholders, establishing Revolut as essentially the most worthwhile non-public know-how firm in Europe,” mentioned Stinga. “By this course of, we welcomed on board a variety of new traders identified for his or her thought management in our trade together with: Coatue, Sturdy Capital Companions, Dragoneer, Constancy Administration & Analysis Firm, Baillie Gifford, Development Fairness at Goldman Sachs Options, D1 Capital Companions, Mubadala, and Affinity Companions, amongst others. We’re grateful for his or her belief and are trying ahead to their help.
“Now we have noticed optimistic tendencies throughout all income streams, pushed by buyer base enlargement on one hand and deepening engagement throughout all our merchandise on the opposite,” mentioned the CFO.
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Did the crypto market’s resurgence performed a pivotal position within the financial institution’s development?
All through 2024, Revolut strategically enhanced its crypto choices, positioning itself as a user-friendly gateway to digital property for retail traders.
Revolut’s technique extends past retail banking and cryptocurrency buying and selling. For cryptocurrency fans and traders, Revolut’s outcomes supply additional proof that digital property have gotten more and more mainstream, with regulated monetary establishments now taking part in a big position in facilitating market entry and development. Moreover, the corporate has been actively diversifying its income sources, with notable success in premium subscriptions and enterprise companies. Income from paid plans climbed 74% year-over-year to £423 million.
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Key Takeaways
“2024 was one other landmark 12 months for Revolut, with continued development throughout all key enterprise areas,” mentioned founder and CEO Nik Storonsky.
By November 2024, Revolut had expanded its crypto trade companies throughout 30 new markets within the European Financial Space (EEA), together with Belgium, Cyprus, and Denmark.
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