N26
Financial Performance
N26 Revenue & Financials
Revenue
~$566.8M (FY2025)
Net Income
~$1.8M
Employees
1,600
What is N26's revenue?
N26 had ~$566.8M in revenue for fiscal year 2025, up 12.6% from 2024. Net income was ~$1.8M.
- Latest revenue
- ~$566.8M (FY2025)
- Year-over-year
- +12.6%
- Growth rate (CAGR)
- 26.5% over 2 years
- Peak revenue
- ~$566.8M (FY2025)
- Years of data
- 3
- Employees
- 1,600
- How much profit does N26 make?
- N26 reported net income of ~$1.8M for fiscal year 2025. n26.com
- How many employees does N26 have?
- N26 has about 1,600 employees.
Financial Analysis
N26 burned through heavy losses for most of its first decade, with cumulative losses of roughly $1.13 billion (€1 billion) through 2024 as the BaFin growth cap coincided with the ECB rate-hike cycle. The turn came in 2024, when it posted its first quarterly profit in Q3, and 2025 delivered the first full-year profit: revenue rose 13% to ~$567 million (€501.6 million), gross profit rose 33% to ~$396 million (€350.5 million) and net income swung from a ~$47.5 million (€42.0 million) loss to a ~$1.81 million (€1.6 million) profit. Preliminary Q1 2026 figures showed ~$147 million (€130.0 million) in revenue and ~$11.1 million (€9.8 million) in net income, and management expects to stay profitable in 2026. N26 GmbH is a massive German digital challenger bank operating across Europe, commanding a private market valuation of approximately $9 billion.
Revenue Trend Analysis
YoY Change
+12.6%
2-Year CAGR
+26.5%
Peak Year
2025
Trend
Not enough comparable years
N26 has 3 full fiscal year figures on this page, compounding at +26.5% annually over 2 years. The most recent year saw a 12.6% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at ~$566.8M. Of 2 comparable year-over-year steps, 2 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2025 | ~$566.8M | ~$1.8M | +12.6% | N26 Group results Calendar year 2025, N26 first full year of net profit. |
| FY2024 | ~$503.3M | -~$47.5M | +42.1% | N26 Group results Calendar year 2024. |
| FY2023 | ~$354.3M | -~$115.7M | — | N26 Group results Fiscal year 2023 revenue. N26 also reported net income of negative ~$116 million (EUR 102.4 million). |
Click any row to see year details.
Keep researching N26
N26 Revenue and Financial FAQ
What was N26's revenue in 2025?
N26 Group reported ~$567 million (€501.6 million) in revenue for fiscal 2025, up 13% from ~$503 million (€445.4 million) in 2024. Gross profit rose 33% to ~$396 million (€350.5 million).
Is N26 profitable?
Yes. 2025 was N26's first full year of net profitability, with group net income of ~$1.81 million (€1.6 million) compared with a ~$47.5 million (€42.0 million) loss in 2024. Preliminary Q1 2026 net income was ~$11.1 million (€9.8 million).
How does N26 make money?
In 2025, net fee and commission income (subscriptions and card transactions) was ~$208 million (€184.2 million), or 53% of gross profit, and net interest income from deposits, treasury and lending was ~$188 million (€166.3 million), or 47%.
What was N26's valuation during its peak funding round?
In October 2021 N26 raised $900 million in a Series E led by Third Point Ventures and Coatue, valuing the company at about $9 billion. It has not announced a new priced primary round since.
How much in customer deposits does N26 hold?
Customer deposits exceeded ~$11.9 billion (€10.5 billion) at the end of 2025.
Who are N26's main investors?
Backers include Peter Thiel's Valar Ventures, Earlybird, Insight Partners, Tencent, Allianz X, Coatue, Third Point Ventures and Dragoneer, among others. N26 is privately held.
How large is N26's transaction volume?
Annual transaction volume rose 14% to ~$193 billion (€170.7 billion) in 2025.
When did N26 become a profitable neobank?
N26 achieved sustainable operating profitability in 2024, driven by a surge in net interest income on over €8 billion in customer deposits following European Central Bank interest rate hikes, paired with disciplined operating cost controls across its core Eurozone markets.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "N26 Revenue & Financials." CorpDigest, https://corpdigest.com/company/n26/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>N26 reported ~$566.8M in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/n26/financials" target="_blank" rel="noopener">CorpDigest — N26 financials</a></div>Related Financial Audits
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