Revolut valuation reaches $115B after employee share sale

Revolut has reached a $115 billion valuation through a new secondary share sale, extending a rapid rise in the private market value of the crypto-friendly digital bank. 

The deal prices shares at $2,017 each and allows employees and other existing shareholders to sell stock, according to The Wall Street Journal.

The transaction does not raise fresh capital for Revolut. Instead, it creates liquidity for existing holders. The new valuation is about 53% above the $75 billion level established in a 2025 share sale and more than double the $45 billion valuation recorded in 2024. The size of the latest transaction has not been disclosed.

Revolut valuation rises above $100 billion

The $115 billion figure makes Revolut Europe’s most valuable startup and places its private valuation above the market value of several established banks. The Wall Street Journal compared the figure with Barclays, which had a market capitalization of roughly $95 billion at the time of its report.

The comparison has limits because Revolut’s price comes from a private secondary transaction rather than daily public-market trading. Still, the latest sale provides a new price for employee and shareholder stock less than a year after investors valued the company at $75 billion.

As crypto.news previously reported, Revolut completed that $75 billion share sale in November 2025 after an earlier employee liquidity program. The latest transaction extends the same approach, giving staff and other shareholders a route to sell part of their holdings without waiting for an initial public offering.

Record 2025 results support the higher valuation

Revolut reported $6 billion in group revenue for 2025, up 46% from $4 billion a year earlier. Profit before tax rose 57% to $2.3 billion, while net profit reached $1.7 billion. The company also reported a 38% pre-tax profit margin.

Customer growth continued alongside the earnings increase. Revolut ended 2025 with 68.3 million retail customers after adding 16 million during the year. Its current website says the platform now serves more than 75 million customers worldwide. Customer balances reached $67.5 billion at the end of 2025, while total transaction volume rose 65% to $1.7 trillion.

The company also said 11 product lines generated at least about $135 million each in annual revenue. Wealth revenue, which includes investment and crypto-related activity, rose 31% to $876 million. Revolut CEO Nik Storonsky said the company had built a diversified business capable of supporting its next stage of expansion.

“We have only just begun to show what is possible,” Storonsky said when the company released its 2025 results in March.

Crypto remains part of Revolut’s global expansion

Revolut lets customers trade digital assets through its main app and operates Revolut X, a separate platform built for crypto trading. Its broader push into regulated markets has continued alongside the rise in its private valuation.

Revolut secured a MiCA license in Cyprus in October 2025, giving it a route to provide regulated crypto services across European markets. The company has also continued adjusting its product offering to meet MiCA requirements as the European framework moves into full enforcement.

More recently, Revolut received in-principle approval from Dubai’s Virtual Assets Regulatory Authority to provide virtual asset services in the United Arab Emirates. The planned offering includes crypto trading and services through the main Revolut app and Revolut X, subject to final approval.

Banking licenses widen Revolut’s growth plans

Revolut’s valuation increase also follows progress in its banking business. The company received a full U.K. banking license in March 2026 after operating under a restricted authorization. The approval gives it a wider path to offer banking products such as deposits, credit and lending services in its home market.

The fintech is also pursuing a U.S. national bank charter. As crypto.news reported in June, Revolut plans to combine traditional banking products with stablecoins, multi-currency accounts, stock trading and crypto services if its American expansion receives regulatory approval. The company filed its charter application with the Office of the Comptroller of the Currency in March.

Storonsky has previously said Revolut does not plan to list before 2028. Reports have also linked the company to a possible future public valuation as high as $200 billion, although Revolut has not announced an IPO date or confirmed a target price.

For now, the $115 billion secondary sale provides the latest private-market benchmark for the company. It follows record 2025 earnings, customer growth and regulatory expansion across banking and crypto markets. The transaction also gives existing shareholders another opportunity to sell stock while Revolut remains privately held.