Revolut profits surge above £1bn on crypto trading boom

British fintech Revolut tops $1 billion in profit as revenue jumps 72%

Digital banking unicorn Revolut said Thursday that net profit for the year ending Dec. 31, 2024, totaled £1.1 billion ($1.5 billion), up 149% year over year.

Revolution beats profit record and achieves a profit of 934 million euros (1 billion dollars) at the end of 2024. The figure experiences a significant rebound with respect to the 395 million euros counted in 2023 and represents its fourth consecutive green year. In line with the rest of the sector, the British-born neobank has squeezed the tail winds of interest rates with a strategy focused on optimizing customer uptake, which rises to the heat…

Revolut profits surge above £1bn on crypto trading boom

Profits at Europe’s most valuable start-up more than doubled in 2024 as it added 15mn customers

Revolut sees Revenues top $4 billion (+72%), Profits of $1 billion in 2024

A robust mix of revenue streams saw Revolut achieve strong financial results in 2024. The post Revolut sees Revenues top $4 billion (+72%), Profits of $1 billion in 2024 appeared first on FX News Group.

In an unfavourable context, the online bank signed the most profitable year in its history.

Revolut Posts US$1 Billion Profit for 2024, Singapore Marks Profitability Milestone - Fintech Singapore

Revolut, a global neobank with over 52 million users, reported a net profit of US$1 billion (S$1.35 billion) for 2024, marking its fourth consecutive year of profitability. Profit before tax rose to US$1.4 billion (S$1.86 billion), with the group’s net profit margin strengthening to 26%, up from 19% the year before. Group revenues climbed 72% year-on-year to US$4.0 billion (S$5.28 billion), supported by growth across all key business segments. R…