Revolut posts record $2.3B profit on $6B in revenue as subscriptions surge 67% and U.S. customer base grows 230%

Revolut reported record annual profits of $2.3B on revenues of $6B, a 40% increase, driven by subscription income up 67% to $936M and card payment revenues up 45% to $1.3B, according to its annual report released Tuesday. The results follow Revolut securing its long-awaited UK banking license and come as the company filed for a U.S. banking charter this month, which would allow it to operate across all 50 states under one federal regulator, access core payment rails like Fedwire and ACH, and offer personal loans and credit cards without relying on partner arrangements. U.S. growth was particularly strong, with Revolut's American customer base up 230% year over year, transaction volumes up 200%, and deposits up 100%.