Financial technology company Revolut experienced a significant valuation increase, reaching $115 billion following a secondary share sale. This figure represents an increase of approximately 53% compared to the company's valuation in November 2025, which stood at $75 billion.
Trading Details
This transaction was not a primary investment round aimed at injecting new capital into the company, but rather a trading of existing shares among investors, which provided liquidity for employees and current investors. The transaction was led by a group of prominent investors, including Glade Brook Capital Partners, Coatue, T. Rowe Price Associates, and Baillie Gifford. According to Dealroom data, the shares were traded at $2,118 per share.
Financial Performance and Rapid Growth
This valuation leap coincided with strong financial performance; in 2025, Revolut recorded revenues of $6 billion, an increase of 46% over the previous year. Pre-tax profits also rose by 57% to reach $2.3 billion, with a pre-tax profit margin of 38%. Furthermore, the Revolut Business sector constitutes a fundamental pillar for growth, contributing about 20% of the total gross profit and currently serving over 800,000 businesses, with a target of reaching one million businesses by 2027.
Global Expansion and Banking Transformation
The company seeks to expand the scope of its banking operations globally, as it plans to launch its services in the United Kingdom, Mexico, Australia, and New Zealand during 2026, after obtaining banking licenses in France, Colombia, and Argentina. In the United States, the company received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish a national bank, with aspirations to commence operations in the first half of 2027.
What Changes Practically?
This development reflects a fundamental shift in Revolut's business model; it is no longer just a money transfer app, but is transforming into an integrated global bank. This expansion grants it the ability to compete with traditional banks in key markets such as the United States and Europe. The massive rise in valuation also paves the way for a potential initial public offering (IPO), with expectations pointing that the company may choose a listing in US markets (New York) as a primary option before 2028, making it one of the most valuable fintech companies in Europe.