Revolut has been named the world’s best digital bank for 2026 by Euromoney, with the accolade arriving as the London-headquartered fintech posts some of its most striking financial results to date and pushes an expansion programme across four continents.
Revenue rose from £3.1 billion in 2024 to £4.5 billion in 2025, while net income reached £1.7 billion, reflecting the scale advantages that come with operating across 30 licensed markets. Total customer balances climbed 66% to £50.1 billion – a signal of how far Revolut has travelled from its travel-card beginnings. The year was its fifth consecutive one in profit.
The standout development was securing a full UK banking licence and launching Revolut Bank UK Ltd, which opens the door to proprietary credit and deposit products in its largest and most strategically significant market. Francesca Carlesi, chief executive of the UK business, called it “a watershed moment for Revolut, but also for the group,” noting that the licence “unlocks the next stage of global growth” because the UK regulator also oversees the consolidated group.
Regulatory progress extended well beyond Britain. In October, Revolut received final approval to begin banking operations in Mexico and was permitted to establish a bank in Colombia in the same month. A payments licence in India and the launch of current accounts, debit cards and bill payment services in Brazil rounded out a busy year on the licensing front.
The emerging-market ambitions are substantial. The company is investing hundreds of millions of pounds in India, targeting 20 million customers by 2030, has committed more than $100 million to Mexico, and has acquired a bank in Argentina. In Asia, it is tripling its Singapore workforce and has opened a global technology hub in the Philippines.
Business banking illustrates how decisively Revolut has moved beyond its single-product past. Business customers grew 33% in 2025 to 767,000, while business transaction volumes surged 56% to £277 million. Europe alone is generating more than 100,000 business app downloads per month.
Chief banking officer Sid Jajodia credited the product edge to technology infrastructure, observing that incumbents remain “hamstrung by legacy backend systems and data sitting in silos.” Revenue now spans card payments, subscriptions, foreign exchange, interest income and wealth products and the company’s first mortgage products, launched in Lithuania, are expected to serve as a springboard for broader European credit expansion. Deeper engagement per user, Jajodia noted, is following naturally as more customers treat Revolut as their primary bank.
