Platforms · Software · Providers · Markets
Revolut has reached a $115 billion valuation through a secondary share sale, making it Europe's highest-valued private company. The deal is intended chiefly to give employees and existing shareholders liquidity, rather than add new capital to the business.
Earnings underpin the valuation
The company's 2025 revenue rose 46% to $6.0 billion. Pre-tax profit climbed 57% to $2.3 billion, leaving a pre-tax margin of 38%.
Banking approvals expand its footprint
During 2026, Revolut began full banking operations in Mexico, the UK and Australia. It secured a French banking licence, gained approval to acquire Banco Cetelem in Argentina and received preliminary conditional approval from the OCC relating to a US national bank charter.
Trading products widen the offer
Revolut's trading expansion includes a CFD service introduced last year in 29 countries, mostly in Europe, using CMC Markets' infrastructure, Finance Magnates reported. Crypto activity was also significant: as of October 2025, at least 14 million customers were fully onboarded crypto users, equal to 22% of Revolut's 65 million-plus customer base.
Revolut is aiming to serve 100 million customers by mid-2027. Its growing banking presence and trading range put it in the retail super-app contest alongside NAGA, XTB and Robinhood.
What this means on the desk
The reported purpose of the transaction is liquidity for existing holders, not new funding for platform investment. The story does not specify the sale's size, the share classes involved or how many employees sold. Operators should avoid assuming the valuation itself signals a change in technology budgets or ownership control.
For teams supporting banking and trading, the unresolved questions are operational: what changes are required across the markets named, and how will those changes affect local reporting, risk controls and reconciliation? The story gives no detail on banking systems, trading connectivity or custody, and does not say whether Revolut will continue using CMC Markets' infrastructure or how CFD and crypto activity is reconciled with banking operations.
