Revolut booked its first billion-dollar annual profit in 2024, underscoring how the London-based super-app’s widening menu of wealth, credit and subscription services is translating customer growth into bottom-line results. The privately held company said Thursday that group revenue soared 72% to $4.0 billion, driven by double-digit expansion in every major line, from card payments and foreign exchange to its fledgling wealth arm, where revenue leapt 298% to $647 million. Profit before tax rose 149% to $1.4 billion, while net profit more than doubled to $1.0 billion, lifting the net margin to 26% from 19% a year earlier. Revolut credited the gains to an expanding and increasingly engaged customer base. Total users climbed 38% to 52.5 million after the FinTech added nearly 15 million customers—the biggest annual increase in its nine-year history. Transaction volumes approached $1.3 trillion, up 52%, and total customer balances jumped 66% to $38 billion, providing low-cost funding that helped interest income rise 58% to $1.0 billion. Growth was broad-based. Card-payment income advanced 43% to $887 million as spending limits on its higher-tier accounts were raised. Subscription turnover climbed 74% to $541 million, aided by richer perks on its Premium, Metal and Ultra plans; paid-plan adoption overall increased 45%. In business banking, monthly active corporate users surged 56%, pushing revenue in that unit to $592 million — or about 15% of the group total — making Revolut one of Europe’s largest digital B2B banking providers. Chief Executive Nik Storonsky said the company is “just getting started,” outlining ambitions to reach 100 million daily users across 100 countries. Key milestones for 2025 include launching licensed banks in the U.K. and Mexico, rolling out mortgages, and entering India after securing a payments license. Even after its record year, Revolut estimates its penetration is only about 15% of adults in its core markets, leaving what it calls “substantial headroom” for further expansion.