### Revolut's Remarkable Financial Surge: A New Era for Fintech Revolut, the British fintech giant, has achieved a significant milestone by reporting annual profits exceeding £1 billion for the first time. This achievement is attributed to a surge in demand for cryptocurrency trading and a growing base of paying subscribers. The company is also set to launch its UK banking operations within the year, marking a pivotal expansion in its services. As of 2024, Revolut has become the most downloaded finance app in Europe, reflecting its rapid growth and increasing market presence [https://www.yorkshirepost.co.uk/business/revolut-profit-tops-ps1bn-as-uk-bank-to-launch-this-year-5098875][https://www.standard.co.uk/business/london-fintech-revolut-profits-canary-wharf-b1223941.html]. ### Breakdown of Revolut's Growth and Future Plans 1. **Financial Performance**: - Revolut's revenue soared by **72%**, reaching **£3.1 billion** in 2024, with profits reported at **£1.1 billion**, a **149%** increase year-over-year [https://www.uktech.news/news/revolut-reports-record-profit-in-2024-20250425][https://www.nbcchicago.com/news/business/money-report/british-fintech-revolut-tops-1-billion-in-profit-as-revenue-jumps-72/3729470]. 2. **Customer Base Expansion**: - The company has grown its customer base to **52.5 million**, marking a **38%** increase from the previous year [https://www.freemalaysiatoday.com/category/business/2025/04/24/uk-online-bank-revolut-doubles-annual-profit]. 3. **Market Position**: - Revolut has surpassed traditional banks like HSBC in customer numbers, solidifying its position as a leading player in the fintech sector [https://www.bloomberg.com/news/articles/2025-04-24/revolut-s-revenue-soars-72-as-fintech-eyes-international-growth]. 4. **Future Developments**: - The company plans to officially launch its UK banking operations in 2025, which is expected to further enhance its service offerings and market reach [https://www.thisismoney.co.uk/money/markets/article-14642547/Revolut-start-British-banking-operations-year-profits-surge.html]. ### Key Metrics and Financial Data - **Revenue Growth**: - 2024 Revenue: **£3.1 billion** (up **72%** from 2023) - **Profit**: - 2024 Profit: **£1.1 billion** (up **149%** year-over-year) - **Customer Growth**: - Total Customers: **52.5 million** (up **38%** from 2023) - **Market Position**: - Most downloaded finance app in Europe, leading in **19 countries** [https://www.coindesk.com/business/2025/04/24/crypto-trading-supercharges-digital-bank-revoluts-profit-to-over-1b-in-2024][https://www.retailnews.asia/revolut-continues-its-unstoppable-growth]. ### Conclusion: A Transformative Year for Revolut In summary, **Revolut's financial performance in 2024 marks a transformative year for the company**, characterized by substantial profit growth and an expanding customer base. The launch of its UK banking operations is poised to further solidify its market position. Key findings include: 1. **Record Profit**: Achieved over **£1 billion** in profit, a significant milestone for the fintech. 2. **Revenue Surge**: Revenue increased by **72%**, indicating strong market demand. 3. **Customer Expansion**: A growing customer base of **52.5 million** reflects the company's successful outreach. 4. **Future Prospects**: The upcoming launch of UK banking operations is expected to enhance service offerings and market competitiveness. Revolut's trajectory suggests a promising future as it continues to innovate and expand within the fintech landscape [https://www.pymnts.com/news/digital-banking/2025/revolut-delivers-first-1-billion-profit-as-subscription-wealth-units-boom].