Monzo reports strong profitable growth

After shutting US operations, Monzo bets big on Europe with £1B profit boost

Monzo crossed £1B in gross profit for the first time, marking its third straight profitable year Revenue jumped 39%, while adjusted pre-tax profit rose 20% to £172.6M The fintech is accelerating its European push with launches in Ireland and Spain British digital bank Monzo has crossed a major financial landmark, reporting more than £1 billion in gross profit for the first time as it ramps up expansion across Europe. The London fintech posted ad…

Monzo posts £172.6m profit as revenue hits £1.7bn

Monzo has reported its third consecutive year of profitability, driven by record customer growth, expanding deposit balances and four revenue streams each generating more than £300m Monzo has delivered its strongest financial performance to date, with revenue climbing 39% year-on-year to £1.7bn ($2.28bn) for the year ended 31 March 2026, as the challenger bank continued to deepen its grip on the UK retail banking market while laying the groundwo…

Monzo reports strong profitable growth

Monzo’s revenue surged 39% to £1.7bn in FY2026, with gross profit reaching £1bn for the first time, according to new annual figures published by the digital bank. Monzo delivered strong profitable growth, while investing significantly in international expansion, product, platform, brand and marketing.  The 39% revenue growth was powered by four income streams of over £300m – current account balances, borrowing, payments and wealth. Business Bank…