Revolut is aiming for a valuation of up to $200 billion for an upcoming IPO, potentially making it one of Europe’s biggest fintech players. Although the company does not plan to go public before 2028, discussions about its listing pave the way for a more established presence in the banking sector. The CEO outlined that while Revolut seeks to debut on the stock market, the timing is strategically aligned with enhanced trust factors.
The recent approval from the UK Prudential Regulation Authority to launch Revolut Bank UK Ltd marks a significant milestone. This approval enables the company to provide protected deposit accounts, a critical move to broaden its banking services for its growing user base of 13 million customers in the UK. The company reported impressive revenue growth of £4.5 billion for 2025, reflecting a 46% year-over-year increase. Profit before tax climbed 57% to £1.7 billion. Furthermore, retail customer accounts increased by 30% to 68.3 million, with business accounts rising 33% to 767,000, while total customer balances reached £50.2 billion, an increase of 66%.
These performance metrics contribute to the market's growing interest in Revolut’s valuation, which was recently set at $75 billion during a secondary transaction in November, a notable increase from $45 billion in 2024. Future plans could see this valuation rise dramatically, as it was reported that another share sale might occur in the latter half of 2026, potentially exceeding the $100 billion mark.
In addition to its impressive domestic growth, Revolut is expanding its ambitions globally. The company has recently filed for a U.S. bank charter and appointed a former Visa executive as its new CEO in the U.S. This strategic move is designed to enhance Revolut’s footprint in the North American banking landscape, further solidifying its position as a comprehensive financial services provider rather than merely a payments app.