Revolut Reaches $115 Billion Valuation as Global Banking Expansion Accelerates

November 5, 2026 • FinTech News

The new valuation marks a more than 50% increase from last year’s $75 billion secondary share sale, as Revolut combines strong profitability with a push into new banking markets.

Revolut has completed its latest fundraising process at a $115 billion valuation, strengthening its position as Europe’s most valuable private company and placing the fintech among the world’s most highly valued financial services businesses.

The transaction was led by Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates and Baillie Gifford. Revolut said the process attracted both existing backers and new global investors.

The valuation represents a rise of more than 50% from the $75 billion valuation established in a secondary share sale in 2025. The latest announcement confirms the valuation, although Revolut has not publicly disclosed the size of the transaction or the amount of shares sold.

The milestone comes as Revolut expands beyond its European base, launches banking operations in additional markets and builds on a year of strong financial performance.

Profitability strengthens the valuation story

Revolut’s latest valuation is supported by significant growth in revenue and profit. For the year ended 31 December 2025, the company reported £4.5 billion in revenue, up 46% year on year, and £1.7 billion in pre-tax profit, up 57%.

Its pre-tax profit margin increased to 38%, compared with 35% in 2024. Revolut also reported its fifth consecutive year of net profitability.

The company’s financial performance reflects a business that has expanded beyond its original money-transfer proposition. Its products now span payments, subscriptions, wealth, foreign exchange, business services and lending.

However, valuation and operating performance are distinct measures. The $115 billion figure reflects the price investors are prepared to place on the company in a private transaction. It does not represent revenue, cash raised by the business or a guaranteed future market value.

Global expansion moves into a new phase

Revolut’s latest fundraising announcement follows a series of licensing and operational milestones in 2026.

The company says it has launched banking operations in the UK, Mexico, Australia and New Zealand. It has also secured banking licences in France, Colombia and Argentina, alongside conditional approval from the US Office of the Comptroller of the Currency for a national bank charter.

These developments support Revolut’s ambition to build a broader international banking business. The strategy could give the company more opportunities to deepen customer relationships, introduce additional products and compete with established banks in new markets.

Still, licences and approvals do not automatically translate into immediate scale. Each market brings its own regulatory requirements, customer expectations and competitive conditions. The company will need to convert its expanding regulatory footprint into active customers and sustainable revenue.

Employee ownership remains part of the strategy

Revolut founder and CEO Nik Storonsky said the latest fundraising gives employees another opportunity to share in the value they have helped create. He added that employee ownership has been part of the company’s approach since its early days.

The company has previously used secondary share sales to provide liquidity to employees and early investors. Such transactions can allow existing shareholders to sell some holdings without requiring the company to pursue a public listing.

The latest valuation therefore provides a new reference point for employee and investor holdings, while keeping Revolut privately owned.

The challenge behind the $115 billion valuation

Revolut now serves more than 80 million retail customers globally and is targeting 100 million customers by the middle of 2027, according to the company’s stated ambition.

The next phase will test whether Revolut can sustain growth while developing deeper banking relationships. Expanding lending, increasing customer balances and becoming customers’ primary financial provider could support further revenue growth. At the same time, those activities bring additional credit, operational and regulatory responsibilities.

The company’s US expansion will also place it in a large and competitive banking market. Conditional charter approval is an important milestone, but it is not the same as a fully operational national bank launch.

For now, the $115 billion valuation reflects investor confidence in Revolut’s combination of profitability, customer scale and international ambition. Its next challenge is to turn that confidence into durable performance across a wider range of regulated markets.

Revolut hits $115bn valuation to cement status as Europe’s most valuable private firm