Revolut’s private valuation has jumped to $115 billion after a new secondary share sale that let employees and other existing holders cash out, according to The Wall Street Journal. The deal priced shares at $2,017 apiece and did not raise fresh capital — it simply created liquidity for insiders. The transaction size was not disclosed.
Why it matters
- The $115 billion price tag is about 53% higher than the $75 billion valuation set in a November 2025 secondary sale, and more than double the $45 billion mark recorded in 2024. That rapid move in under a year makes Revolut Europe’s most valuable startup on a private-market basis.
- The figure also outstrips the market caps of some established banks; for comparison, Barclays had a market value near $95 billion when the WSJ reported the deal. That said, this valuation comes from a private secondary trade, not daily public-market pricing.
Key financials and growth (2025)
- Group revenue: $6.0 billion, up 46% year-over-year ($4.0 billion in 2024).
- Profit before tax: $2.3 billion, up 57%.
- Net profit: $1.7 billion.
- Pre-tax profit margin: 38%.
- Retail customers: 68.3 million at end-2025 (16 million added in 2025). Revolut’s current site now claims more than 75 million customers worldwide.
- Customer balances: $67.5 billion.
- Total transaction volume: $1.7 trillion, up 65%.
- Wealth revenue (investing + crypto): $876 million, up 31%.
- At least 11 product lines each generated roughly $135 million or more in annual revenue, highlighting diversified income streams.
Crypto and product strategy
- Revolut allows crypto trading within its main app and via Revolut X, a dedicated crypto trading platform.
- The company says wealth (including crypto) is a material contributor to revenues, underscoring its crypto-friendly positioning.
- Revolut secured a MiCA license in Cyprus in October 2025, enabling it to offer regulated crypto services across EU markets and prompting product adjustments to meet MiCA rules.
- It also received in-principle approval from Dubai’s VARA to provide virtual-asset services in the UAE, subject to final sign-off.
Banking and U.S. expansion
- Revolut won a full U.K. banking license in March 2026, opening broader scope to offer deposits, credit and lending at home.
- The firm filed for a U.S. national bank charter with the Office of the Comptroller of the Currency in March (reported earlier this year), aiming to combine traditional banking with stablecoins, multi-currency accounts, stock trading and crypto services if approved.
Leadership and IPO plans
- CEO Nik Storonsky framed the results as proof of a diversified business ready for the next growth phase: “We have only just begun to show what is possible.”
- Storonsky has said Revolut does not intend to list before 2028. Media reports have floated a potential future public valuation as high as $200 billion, but Revolut has not set an IPO date or public target.
Bottom line
This secondary sale gives employees and other shareholders another liquidity route while keeping Revolut private — and it sets a fresh private-market benchmark after a year of record results, rapid customer growth and regulatory progress in both banking and crypto.
Read more AI-generated news on: undefined/news
