Monzo Bank Limited
Financial Performance
Monzo Revenue & Financials
Revenue
~$2.2B (FY2026)
Net Income
~$115.2M
Employees
5,275
What is Monzo's revenue?
Monzo had ~$2.2B in revenue for fiscal year 2026, up 41.7% from 2025. Net income was ~$115.2M.
- Latest revenue
- ~$2.2B (FY2026)
- Year-over-year
- +41.7%
- Growth rate (CAGR)
- 68.5% over 3 years
- Peak revenue
- ~$2.2B (FY2026)
- Years of data
- 4
- Employees
- 5,275
- How much profit does Monzo make?
- Monzo reported net income of ~$115.2M for fiscal year 2026. monzo.com
- How many employees does Monzo have?
- Monzo has about 5,275 employees.
Financial Analysis
Monzo spent its first years losing money while it grew a free account base. After a 2020 down-round, it added paid subscriptions, lending and business plans, and higher interest rates in 2022 and 2023 lifted income on its deposit base. It posted its first annual profit in FY2024 (~$20.3 million (£15.4 million) pre-tax on ~$1.16 billion (£880 million) revenue), then ~$79.9 million (£60.5 million) on about $1.58 billion (£1.2 billion) in FY2025. In FY2026 revenue rose 39% to ~$2.24 billion (£1.7 billion), gross profit passed ~$1.32 billion (£1 billion) for the first time, statutory pre-tax profit reached ~$115 million (£87.3 million) and adjusted pre-tax profit ~$228 million (£172.6 million). Operating expenses grew more than a third to ~$1.22 billion (£925.5 million) as it invested in staff and expansion. Monzo Bank Ltd is a dominant and rapidly expanding British digital challenger bank, commanding a private market valuation of approximately $5 billion.
Revenue Trend Analysis
YoY Change
+41.7%
3-Year CAGR
+68.5%
Peak Year
2026
Trend
Consistent Growth
Monzo Bank Limited has 4 full fiscal year figures on this page, compounding at +68.5% annually over 3 years. The most recent year saw a 41.7% increase versus the prior year. Annual revenue peaked in fiscal year 2026 at ~$2.2B. Of 3 comparable year-over-year steps, 3 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2026 | ~$2.2B | ~$115.2M | +41.7% | Monzo annual report Fiscal year ended 31 March 2026; statutory profit before tax shown. Adjusted profit before tax ~$228 million (£172.6 million). |
| FY2025 | ~$1.6B | ~$79.9M | +36.4% | Monzo annual report Fiscal year ended 31 March 2025; profit before tax shown. Adjusted profit before tax ~$150 million (£113.9 million). |
| FY2024 | ~$1.2B | ~$20.3M | +147.5% | Monzo annual report Fiscal year ended 31 March 2024; first full-year profit (profit before tax shown). |
| FY2023 | ~$469.4M | — | — | Monzo annual report Fiscal year ended 31 March 2023 (loss-making year). |
Click any row to see year details.
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Monzo Revenue and Financial FAQ
What was Monzo's revenue in 2026?
Monzo reported revenue of ~$2.24 billion (£1.7 billion) for the year to 31 March 2026, up 39% from about $1.58 billion (£1.2 billion) in FY2025.
How much profit did Monzo make?
Statutory pre-tax profit was ~$115 million (£87.3 million) in FY2026, up from ~$79.9 million (£60.5 million). Adjusted pre-tax profit, which excludes items such as share-based pay, was ~$228 million (£172.6 million).
How much in deposits does Monzo hold?
Customer deposits were ~$33.9 billion (£25.7 billion) at March 2026, up 55% in a year.
What is Monzo's valuation?
Its last reported valuation was ~$5.94 billion (£4.5 billion) from an October 2024 secondary sale. September 2026 reports of Nubank talks cited ~$10.6 billion (£8 billion) to ~$13.2 billion (£10 billion).
When did Monzo first become profitable?
Monzo reported its first full-year profit in FY2024: ~$20.3 million (£15.4 million) pre-tax on ~$1.16 billion (£880 million) of revenue.
How fast are Monzo's costs growing?
Operating expenses rose more than a third to ~$1.22 billion (£925.5 million) in FY2026 as headcount grew 37% to about 5,275.
When did Monzo become a profitable bank?
After years of heavy early venture investment in software infrastructure and customer acquisition, Monzo achieved its first full-year statutory pre-tax profit in fiscal year 2024. Profitability was propelled by surging net interest income, rapid adoption of Monzo Flex lending, and high-margin subscription fee growth.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Monzo Revenue & Financials." CorpDigest, https://corpdigest.com/company/monzo/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Monzo reported ~$2.2B in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/monzo/financials" target="_blank" rel="noopener">CorpDigest — Monzo financials</a></div>Related Financial Audits
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