An IMGlobalWealth.News Report
Revolut has been named the world’s best digital bank for 2026 by Euromoney. The award looks less like a surprise than a recognition that the London fintech has finally outgrown the label that once defined it: a clever card for travellers.
Its financial results tell the story. Revenue rose by 46% in 2025, from £3.1 billion to £4.5 billion. Profit before tax climbed 57% to £1.7 billion, while net profit reached £1.3 billion. Customer balances increased by two-thirds to £50.2 billion and the retail customer base grew by 30% to 68.3 million by year-end. Revolut has now recorded five consecutive profitable years.
“The company now serves more than 75 million customers globally”
Those balances are particularly revealing. Customers may still value competitive foreign exchange and convenient overseas spending, but growing deposits suggest that many increasingly regard Revolut as a main financial account rather than an accessory to one. The company says the number of customers treating it as their primary bank rose by 45% during 2025.
Its product mix has broadened accordingly. Eleven business lines now generate more than £100 million in annual revenue each, spanning card payments, subscriptions, foreign exchange, wealth products and interest income. Business customers increased by a third to 767,000, while the group processed £1.3 trillion of transactions during the year.
“But Revolut’s latest numbers suggest it is no longer merely disrupting banks from the margins. Increasingly, it is becoming one”
Regulation, once Revolut’s most persistent constraint, is also becoming an instrument of expansion. In March 2026 the Prudential Regulation Authority allowed Revolut Bank UK Ltd to exit mobilisation and launch fully in Britain. That gives the company the ability to offer protected deposits and, eventually, a wider range of proprietary lending products in its home and largest market.
Progress elsewhere has been unusually rapid. Revolut received final approval to operate as a bank in Mexico, secured initial authorisation to establish a Colombian bank and obtained a payments licence in India, where it is targeting 20 million customers by 2030. It has also expanded in Brazil and established a global technology hub in the Philippines.
Days after Euromoney announced its award, Revolut secured a full Australian banking licence and launched Revolut Bank Australia, its first banking entity in Asia-Pacific. The company now serves more than 75 million customers globally.
Awards do not eliminate the risks of rapid expansion. Banking licences bring heavier compliance obligations, credit risk and political scrutiny. But Revolut’s latest numbers suggest it is no longer merely disrupting banks from the margins. Increasingly, it is becoming one.
