Revolut reached a valuation of $115 billion following the close of a secondary share sale on November 4, 2026. The new figure represents a 53.3% increase from the company’s $75 billion valuation established in November 2025, according to a Revolut press release.
The transaction was structured as a secondary share sale, allowing employees and existing shareholders to realize liquidity by selling stock to a group of institutional investors. The sale was led by Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates, Inc., and Baillie Gifford. As a secondary transaction, no new capital was raised for the company’s balance sheet.
The valuation jump follows a period of accelerated financial performance. In 2025, Revolut reported revenue of $6.0 billion, a 46% increase year-on-year, while pre-tax profits climbed 57% to $2.3 billion.
US Banking Expansion and Regulatory Approvals
A primary driver for the current valuation is Revolut’s recent progress in securing regulatory approvals in major markets. The company recently received conditional approval from the US Office of the Comptroller of the Currency (OCC) for a national bank charter. While this marks a significant step toward full US operations, the company still requires final approval from the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) before it can officially launch as a bank.
Management has identified 2027 as the target window for the official launch of the US national bank. This move would allow Revolut to offer a broader range of lending and deposit products directly to American consumers, similar to its current operations in other regions. In 2026, the company successfully launched full banking operations in New Zealand, while also obtaining new banking licenses in France, Colombia, and Argentina.
The transition from a fintech startup to a profitable international banking entity is supported by its diversified revenue streams across trading, payments, and subscription-based retail banking services.
