Nik Storonsky, CEO of Revolut, has suggested an IPO for the digital bank could occur roughly two years from now. This update narrows his previous December 2025 timeframe to a window closer to 2028. A US listing remains the company’s preference due to higher liquidity and favorable valuation multiples for tech firms, along with other factors.

This timeline adjustment follows significant milestones achieved by Revolut in March 2026. The bank secured its full UK banking license from the Prudential Regulation Authority after a year-and-a-half effort. This development brought UK customers under Financial Services Compensation Scheme protection and allowed for consumer credit products such as loans and overdrafts. Also, that month, Revolut applied for a US national bank charter with the OCC and FDIC, appointed a dedicated U.S. CEO, and expanded its operations in Mexico.

Financial Performance

In 2024, Revolut achieved USD 4 billion in revenue and USD 1.4 billion in pre-tax profit, marking a 72% year-on-year growth in revenue and 149% growth in pre-tax profit. For 2026, the company anticipates USD 9 billion in revenue and USD 3.5 billion in net profit. Serving more than 70 million customers across over 100 countries, Revolut has banking licenses in Lithuania, the UK, and Mexico.

In November 2025, a secondary share sale saw Revolut reach a valuation of USD 75 billion after Coatue, Greenoaks, Dragoneer, Fidelity, Andreessen Horowitz, Franklin Templeton, T. Rowe Price, and Nvidia’s NVentures participated. Bloomberg reported that Revolut may pursue another secondary in the second half of 2026 to potentially value the company above USD 100 billion, with an IPO target of at least USD 150 billion according to insiders.

The UK government has worked to attract a London listing by offering a three-year stamp duty exemption for newly listed companies. However, city analysts generally believe a primary London listing is improbable.