Revolut confirms a $115 billion valuation in a secondary share sale -- up 53% in twelve months -- as the London neobank posts $6 billion in 2025 revenue and $2.3 billion in pre-tax profit.
REVOLUT $115 BILLION
Europe's most valuable startup confirms a record private valuation
Revolut confirmed on 4 November that it has completed a secondary share sale valuing the London neobank at $115 billion, up 53% from the $75 billion secondary run in November 2025. The round was led by Glade Brook Capital Partners, Coatue, Durable Capital Partners, accounts advised by T. Rowe Price, and Baillie Gifford. No new primary capital entered the business; the transaction provides liquidity for employees and existing shareholders.
The company reported 2025 revenue of $6 billion and pre-tax profit of $2.3 billion -- a pre-tax margin of 38%. Founded in London in 2015, Revolut now operates across banking, trading, insurance, and business accounts in more than 50 markets. CEO Nikolay Storonsky has set a target of 100 million users by mid-2027.
WHY IT MATTERS
What a profitable $115 billion European company signals to founders
The Revolut milestone is not just a fintech record. It is a benchmark for what European companies can build. A startup founded in London in 2015 is now valued, by institutional buyers in a secondary market, at $115 billion.
Revenue of $6 billion and pre-tax profit of $2.3 billion at eleven years old -- a 38% pre-tax margin. The implied revenue multiple is approximately 19x at profitability, a signal of the valuation frameworks institutional investors apply to European software at this stage.
Action: For founders building cross-border consumer or B2C software: the Revolut model was product-led, international from the start, and built from Europe. Speed of market expansion, not headquarters location, was the determining lever.
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