Revolut hits $115 billion valuation in employee share sale: WSJ

Revolut, a crypto-friendly digital bank, has reached a valuation of $115 billion in a secondary share sale, according to an internal message from CEO Nikolay Storonsky reported by The Wall Street Journal. This represents a 53% increase in valuation in less than a year and more than doubles its 2024 valuation of $45 billion. The company priced shares at $2,017 each in the transaction, which enabled employees and existing shareholders to sell stock without raising new capital for Revolut. This new valuation places Revolut as Europe’s most valuable private company and above the market value of established rivals like Barclays, which is roughly $95 billion, though the Revolut figure is based on a private transaction of undisclosed size.

Revolut reported strong financial results for 2025, with a pre-tax profit of $2.3 billion, a 57% increase compared to the previous year, and revenue rose 46% to $6 billion. The company’s customer base has exceeded 75 million users. Revolut’s main app offers a suite of cryptocurrency services, including trading of more than 200 crypto tokens, transferring assets to external wallets, and staking holdings. In addition, the firm operates its own standalone crypto exchange, Revolut X.

Significant strategic developments include Revolut recently securing a full U.K. banking license and actively pursuing a national bank charter in the United States. These moves support the firm’s ambitions to grow and eventually pursue an initial public offering with valuation targets cited as reaching $200 billion. The secondary share sale and the achieved valuation highlight Revolut’s rapid growth and increasing prominence as a major player in both digital banking and cryptocurrency markets.