Revolut valuation hits $115B after secondary sale, a 53% jump, as the fintech unicorn advances toward a 2027 US bank launch.

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Revolut has completed a secondary share sale that establishes a new valuation of $115 billion, a 53 percent increase from the $75 billion mark set in November 2025. The transaction was led by Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates, and Baillie Gifford, with participation from both existing and new investors. No fresh capital was raised. Employees and early shareholders sold existing shares at approximately $2,017 each, cashing in on equity accumulated during the company's decade-long ascent.

The valuation more than doubles Revolut's $45 billion price from 2024 and cements its status as Europe's most valuable private technology company. The jump rests on hard numbers rather than speculative growth: 2025 revenue rose 46 percent to $6.0 billion, while pre-tax profit climbed 57 percent to $2.3 billion, yielding a pre-tax margin of 38 percent.

"Employee ownership has been part of Revolut since day one and that won't change," CEO Nik Storonsky said in a statement, framing the sale as a chance for staff to share in the value they built.

Does a $115 billion valuation reflect durable banking economics, or has investor enthusiasm for fintech licensing stories outrun the reality of deposit-gathering costs and credit risk?

The US Bank Charter and What It Changes

The secondary sale arrives as Revolut advances toward launching a US national bank, targeted for 2027. In September 2026, the Office of the Comptroller of the Currency granted conditional approval for Revolut Bank US, N.A., a critical step toward full authorization. The company is working through remaining approvals with the FDIC, the Federal Reserve, and final OCC sign-off.

A US charter would transform Revolut's American operations. It would grant direct access to payment rails including Fedwire and ACH, allows the company to offer FDIC-insured deposits, and permit direct lending through personal loans and credit cards across all 50 states under a single federal framework. Revolut currently serves over 80 million retail customers globally and targets 100 million by mid-2027.

The Broader Licensing Push

The US effort is part of a wider expansion. Since the start of 2026, Revolut has launched full banking operations in the UK, Mexico, Australia, and New Zealand, and secured banking licenses in France, Colombia, and Argentina. Mexico became its first full banking license outside Europe, surpassing one million retail customers by September. Each license reduces reliance on partner banks and expands the addressable market for higher-margin products including lending, foreign exchange, and premium subscriptions.

Storonsky has signaled an intention to take Revolut public, though not before 2028, with a dual listing in the UK and US under consideration. Until then, secondary sales remain the primary liquidity mechanism for employees and early backers, a structure that has now priced the fintech unicorn at a level exceeding the market capitalizations of established European banks like NatWest and Barclays.

FAQ:

Q: What is Revolut's new valuation?
A: $115 billion, a 53 percent increase from $75 billion in November 2025.

Q: Did Revolut raise new capital?
A: No, the transaction was a secondary sale of existing shares.

Q: Who led the share sale?
A: Glade Brook, Coatue, Durable Capital, T. Rowe Price, and Baillie Gifford.

Q: What is the status of the US bank charter?
A: Conditional OCC approval granted; FDIC and Fed approvals pending, with launch targeted for 2027.

Q: How many customers does Revolut have?
A: Over 80 million retail customers globally, targeting 100 million by mid-2027.

Q: When might Revolut go public?
A: Not before 2028, with a potential dual listing in the UK and US.