Revolut completed a new secondary share sale on July 22, 2026, pricing stock at $2,017 per share and lifting its private valuation to $115 billion. The deal does not raise fresh capital: it gives employees and existing shareholders a way to cash out part of their holdings ahead of any eventual IPO.
The $115 billion figure is 53% above the $75 billion set in a November 2025 share sale, and more than double the $45 billion recorded in 2024. That 53-point jump happened in roughly eight to ten months. The Wall Street Journal, which reported the transaction, noted the valuation now exceeds Barclays' market cap of approximately $95 billion, though Revolut's price reflects a private deal rather than daily public trading. The total size of the latest transaction was not disclosed.
2025 Financials Behind the Higher Price
Revolut reported $6 billion in group revenue for 2025, up 46% from $4 billion the year before. Profit before tax rose 57% to $2.3 billion, net profit came in at $1.7 billion, and the pre-tax margin reached 38%. Total transaction volume climbed 65% to $1.7 trillion, while customer balances hit $67.5 billion at year-end.
The company ended 2025 with 68.3 million retail customers after adding 16 million during the year; its website now puts the total above 75 million worldwide. Eleven product lines each generated at least $135 million in annual revenue. Wealth revenue, which covers investments and crypto-related activity, rose 31% to $876 million, making it one of the faster-growing segments on the platform.
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