Revolut is a bank that provides a debit card and an app packed full of features. It also has accounts for children and for businesses, as well as options for investing. We look at the number of Revolut customers in the UK and worldwide, as well as its latest reported revenue, valuation and market share.
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Read the full methodologyRevolut has more than 50 million customers worldwide as of November 2024. Over 10 million of Revolut’s customers come from the UK, making up around a fifth (20%) of total customers. This also means that around 1 in 5 of UK adults (19%) have an account with Revolut. Revolut is projected to have over 47.5 million customers by the end of the year. Revolut’s customer base grew by 38% during 2024, from 38 million to 52.5 million.
It is also estimated that the average age of a Revolut user is 34.
| Customers | Millions |
|---|---|
| 2018 | 3.5 |
| 2019 | 10 |
| 2020 | 15 |
| 2021 | 16.4 |
| 2022 | 26.2 |
| 2023 | 38 |
| 2024 | 52.5 |
Revolut reportedly made £3.1 billion in 2024, an increase of 72% from £1.8 billion ($2.2 billion) in 2023.
Unsurprisingly, Revolut’s revenue has skyrocketed in the last 7 years. Research reveals that between 2018 and 2025, Revolut’s revenue increased by 5245%.
Revolut has been profitable for 4 consecutive years, with higher profits in 2024. In 2023, Revolut had a net profit of £344 million, while in 2024 its net profit increased to £790 million. This represents an increase of 130% in Revolut’s net profitability.
A large proportion of Revolut’s profit comes from products such as subscriptions. In 2024, subscriptions turnover reached £423 million (a 72% increase from £344 million in the previous year).
| Year | Revenue growth (£bill) |
|---|---|
| 2018 | 0.058 |
| 2019 | 0.166 |
| 2020 | 0.22 |
| 2021 | 0.636 |
| 2022 | 0.92 |
| 2023 | 1.8 |
| 2024 | 3.1 |
In 2024, Revolut can be said to be one of the most valuable fintech firms nationally and globally. Revolut is currently valued at £33.2 billion ($45 billion), while targeting a valuation of £47.9 billion ($65 billion) in 2025-2026.
Revolut’s total customer deposit balance increased from £13.2 billion in 2024 to £15.1 billion in 2023, a 48% increase.
Matt Mckenna
UK Head of Communications
T: +44 20 8191 8806
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