Revolut posts record profit of $1.4 billion amid crypto growth
Date: 2025-04-25 Author: Oliver Abernathy Categories: BUSINESS
According to the results of 2024, fintech giant Revolut reported record pre-tax profit of £1.09 billion ($1.4 billion), which is 149% more than a year earlier. A significant role in this success was played by the rapid growth of the wealth management division.
The income of this line of business increased almost fourfold and reached $647 million. This amount includes profits from operations with cryptocurrencies, precious metals, as well as income from trading and savings financial products.
A significant contribution to these results was made by the autonomous platform Revolut X, designed for cryptocurrency transactions. It was launched in 2024 and soon became available to users in 30 countries in Europe, which accelerated the involvement of clients in digital trading.
In addition, in July 2024, the company achieved a major regulatory milestone, receiving a banking license from the UK regulator FCA, completing a three-year review process.
Revolut’s total revenue for 2024 increased by 72% to £3.1 billion ($4 billion), while the number of users increased by 38% to 52.5 million. The company now has assets under management of £30.2 billion ($38.8 billion), up 66% year-on-year.
Transaction volumes through the Revolut platform also increased by 52% to £1 trillion ($1.28 trillion), reflecting growing customer confidence and activity on the platform.
In August 2024, the company entered into a partnership with Ledger, as part of which the Revolut Ramp service was integrated into the Ledger Live app. This made it easier to buy digital assets directly through Ledger.
In January 2025, the Pyth Network project announced a partnership with Revolut. As part of this agreement, the fintech company will provide quotes and trading data for a decentralized oracle network.
In addition, as previously reported by the Financial Times, Revolut is considering issuing its own stablecoin, which could be the next step in its cryptocurrency expansion.
