Revolut hits $115bn valuation in secondary share sale, up 53% from November 2025

Revolut has confirmed a valuation of $115 billion following the completion of a secondary share sale, the company announced via its official account on X. The transaction was priced at $2,017 per share and provided liquidity for existing shareholders and employees; it did not inject new primary capital into the company.

A Secondary Transaction, Not a Primary Raise

As is typical of secondary transactions, the raise did not alter Revolut's primary capital position. Proceeds flowed to selling shareholders rather than to the company's balance sheet, meaning the deal's significance lies in the price signal it establishes rather than in any new funding capacity it creates for the business.

According to one source, the current round was led by Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates, and Baillie Gifford. The Fin Desk has not independently corroborated the full investor list from additional sources, and readers should treat that detail accordingly.

A 53% Jump From the November 2025 Level

The $115 billion figure represents a 53% increase on the $75 billion valuation established in a previous secondary sale conducted in November 2025. According to one source, that earlier transaction was led by Coatue, Greenoaks, Dragoneer, and Fidelity, with participation from Andreessen Horowitz and Franklin Templeton.

The November 2025 round was itself a material step up from a 2024 implied valuation of $45 billion — meaning the company's headline valuation has risen by more than 150% across two secondary transactions in roughly twelve months.

The pace of rerating — from $45 billion to $115 billion across two secondary transactions in approximately twelve months — is notable by any measure.

Financials Underpinning the Valuation

Revolut reported approximately $6 billion in revenue and approximately $2.3 billion in pre-tax profit for full-year 2025. These figures, corroborated by two sources in the research package, provide the earnings context against which investors participating in the secondary market have implicitly priced the company.

The progression from the 2024 valuation baseline to the current level maps broadly against strong growth in the underlying financials, though secondary-market pricing also reflects expectations about trajectory rather than solely current-period results.

Regulatory Milestones

The company has obtained banking licences in both the United Kingdom and Australia, according to two sources in the research package. Those licences represent a shift in Revolut's regulatory standing in two of its key markets, though the precise timing of each grant has not been independently cross-verified across the full source set and is therefore presented here without specific dates.

Why It Matters

Secondary transactions at scale serve a dual purpose: they offer an exit or partial liquidity mechanism for early investors and employees, and they establish a reference price that shapes how the broader market — and future potential counterparties — perceive the company's worth. At $115 billion, the implied valuation places Revolut among a small cohort of privately held financial-technology companies globally, though The Fin Desk makes no ranking or comparative claim beyond what the verified package supports.

The velocity of valuation step-ups across successive secondary rounds is an editorial observation worth flagging. Two transactions within approximately twelve months, each setting a materially higher price, suggest sustained demand from institutional investors for secondary exposure. Whether that demand is durable, and whether it ultimately translates into a public market event, remains outside the scope of what this package can confirm.

What the package does confirm is straightforward: Revolut enters this period with a $115 billion secondary-market valuation, approximately $6 billion in annual revenue, approximately $2.3 billion in pre-tax profit, and banking licences in two major jurisdictions. Those are the verifiable facts on which any further analysis must rest.