According to the annual report, card payments grew 43% year-on-year to $887m (£694m); wealth increased 298% to $647m (£506m); FX increased 58% to $540m (£422m) and subscriptions turnover reached $541m (£423m) fuelled by enhanced paid tier benefits.
Transaction volumes for the bank increased 52% approaching $1.3trn (£1trn) and total customer balances reached $38bn (£30bn).
The Revolut Business segment showed equally strong momentum, with monthly active businesses surging 56% since 2023. This contributed to turnover from business customers reaching $592m (£463m).
Revolut’s market penetration remains around 15% of the adult population in key markets, signalling an opportunity for continued growth.
It is opportunities such as these that prompt Storonsky to emphasise how these promising growth figures are only the beginning. “We’re just getting started,” he explained. “We’re making strong progress towards 100 million daily active customers across 100 countries, driven by growth in the UK, Europe, and our expansion markets.
“This ambitious goal will keep us focused on revolutionising global financial access through innovative products and seamless user experiences.”
Revolut is planning to prioritise the formal launch of its UK bank in 2025 alongside the launch of its bank in Mexico.
