Revolut is aiming for a valuation of up to $200 billion in a planned stock market listing, a target that would solidify its position as Europe’s most valuable startup. While Founder and CEO Nik Storonsky recently indicated that an IPO is unlikely before 2028, the Financial Times reports that internal discussions with investors suggest the London-based fintech is benchmarking a range between $150 billion and $200 billion. The valuation target is tied to a lucrative incentive package that could see Storonsky's personal stake rise to 40%, worth approximately $80 billion at the top end of the range.
The ambitious valuation follows a fiscall year where Revolut’s pre-tax profits jumped 57% to £1.7 billion on £4.5 billion in revenue. This growth has been largely driven by a 67% increase in turnover from premium subscriptions, moving the company away from its early reliance on interchange fees. In the near term, the fintech is preparing a secondary share sale for the second half of 2026, which is expected to value the company at over $100 billion. This would provide liquidity for early backers like Index Ventures and Balderton Capital, whose stakes have soared since a 2025 funding round that valued the firm at $75 billion.
A critical pillar of this valuation strategy is the recent receipt of a full UK banking license, which officially ended a four-year mobilization phase in March 2026. This accreditation allows Revolut to take deposits directly and roll out credit products, including mortgages and personal loans, to its 13 million UK customers. Executives view the domestic license as a global springboard; the company has already filed for a U.S. national bank charter to challenge incumbents in North America.
