Starling Bank
Financial Performance
Starling Bank Revenue & Financials
Revenue
~$1.2B (FY2026)
Employees
3,500
What is Starling Bank's revenue?
Starling Bank had ~$1.2B in revenue for fiscal year 2026, up 24.3% from 2025.
- Latest revenue
- ~$1.2B (FY2026)
- Year-over-year
- +24.3%
- Growth rate (CAGR)
- 25.1% over 3 years
- Peak revenue
- ~$1.2B (FY2026)
- Years of data
- 4
- Employees
- 3,500
- How many employees does Starling Bank have?
- Starling Bank has about 3,500 employees.
Financial Analysis
Starling's profits come mainly from net interest income: it funds mortgages and SME loans with low-cost deposits. That made it a big winner from higher UK interest rates, with pre-tax profit peaking at ~$397M (£301.1M) in FY24. As rates eased, profit settled at ~$295M (£223.4M) in FY25 and ~$287M (£217.1M) in FY26, and reported revenue slipped from ~$1.24B (£940.0M) to ~$1.17B (£887.4M). Deposits still grew to ~$16.8B (£12.7B), and Engine by Starling's revenue rose 25% in FY26, adding a fee-based line that depends less on interest rates. Starling Bank is a highly disruptive, digital-only challenger bank in the UK, maintaining a massive private market valuation estimated over $3 billion.
Revenue Trend Analysis
YoY Change
+24.3%
3-Year CAGR
+25.1%
Peak Year
2026
Trend
Consistent Growth
Starling Bank has 4 full fiscal year figures on this page, compounding at +25.1% annually over 3 years. The most recent year saw a 24.3% increase versus the prior year. Annual revenue peaked in fiscal year 2026 at ~$1.2B. Of 3 comparable year-over-year steps, 3 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | YoY Change | Source |
|---|---|---|---|
| FY2026 | ~$1.2B | +24.3% | Starling Group FY26 results Fiscal year ended 31 March 2026. Profit before tax ~$287 million (217.1 million pounds). Starling's FY26 release shows FY25 revenue as ~$1.24 billion (940.0 million pounds), on a different basis from the ~$942 million (714 million pounds) originally reported. |
| FY2025 | ~$942.5M | +4.7% | Starling Bank annual report Fiscal year ended 31 March 2025. Statutory profit before tax ~$294 million (223 million pounds). |
| FY2024 | ~$900.5M | +50.7% | Starling Bank annual report Fiscal year ended 31 March 2024. Profit before tax ~$397 million (301.1 million pounds). |
| FY2023 | ~$597.7M | — | Starling Bank annual report Fiscal year ended 31 March 2023. Profit before tax ~$257 million (194.6 million pounds). |
Click any row to see year details.
Keep researching Starling Bank
Starling Bank Revenue and Financial FAQ
What is Starling Bank's annual consolidated revenue and pre-tax profit?
Starling Bank generates approximately £680 million to £720 million in annual consolidated net operating revenue, delivering statutory pre-tax profits exceeding £300 million to £320 million, ranking as the most consistently profitable independent digital neobank in Europe.
What is Starling Bank's estimated private market valuation?
Starling Bank is valued in private funding rounds and secondary transactions at approximately £2.5 billion to £3.0 billion GBP (roughly $3.2 billion to $3.8 billion USD).
How much does Starling hold in customer deposits and what is its loan book size?
Starling holds over £11.0 billion in customer deposits across personal and SME business accounts. Its active lending loan book exceeds £4.8 billion to £5.0 billion, primarily comprised of Fleet Mortgages residential buy-to-let loans and government-guaranteed business loans.
What is Starling Bank's Net Interest Margin (NIM)?
Starling achieved an industry-leading Net Interest Margin (NIM) typically between 3.8% and 4.3%, significantly higher than traditional high-street banks, driven by high-yielding mortgage assets and substantial low-cost operational business deposits parked at central bank rates.
What is Starling's Cost-to-Income ratio and why is it notable?
Starling operates with a cost-to-income ratio between 30% and 34%. Traditional UK legacy banks (such as Lloyds and Barclays) operate with cost-to-income ratios near 55% to 65%, highlighting Starling's structural cost advantage derived from cloud technology and lack of physical branch networks.
What is Starling Bank's Return on Equity (ROE)?
Starling consistently delivers a Return on Equity (ROE) between 18% and 22%, outperforming almost all major European retail and commercial banking institutions.
Who are Starling Bank's largest institutional shareholders and private investors?
Prominent shareholders include billionaire investor Harald McPike (via investment vehicle JTC), Fidelity Management and Research, Chrysalis Investments, the Qatar Investment Authority (QIA), Goldman Sachs Growth Equity, and founder Anne Boden.
When is Starling Bank expected to complete an Initial Public Offering (IPO)?
Starling has stated intentions to pursue an IPO on the London Stock Exchange (LSE). Following the CEO leadership transition to Raman Bhatia and resolution of the 2024 FCA review, management is targeting an IPO window when market conditions for European tech listings normalize.
What financial impact did the £29 million FCA fine have in 2024?
The £29 million fine announced in October 2024 was comfortably absorbed by Starling's substantial cash reserves and annual pre-tax profits without impacting capital adequacy ratios, with Starling having already invested tens of millions in automated financial crime surveillance technology.
How much revenue does Engine by Starling generate?
Engine represents Starling's fastest-growing enterprise revenue segment, generating millions in recurring high-margin SaaS licensing fees from enterprise tier deals with Salt Bank in Romania and AMP Bank in Australia, with management targeting substantial multi-year expansion.
What is Starling's credit loss provisioning and default risk profile?
Because a substantial portion of its business loan book consists of 100% UK government-guaranteed Bounce Back Loans (BBLS), and its mortgage book is secured by prime residential real estate through Fleet Mortgages, Starling maintains a conservative, low credit impairment provisioning expense.
How did rising central bank interest rates transform Starling's balance sheet profitability?
When the Bank of England raised interest rates from near-zero to over 5.0%, Starling's billions in unlent customer deposits parked at the central bank generated hundreds of millions in pure net interest income, accelerating statutory profitability ahead of all digital rivals.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Starling Bank Revenue & Financials." CorpDigest, https://corpdigest.com/company/starling-bank/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>Starling Bank reported ~$1.2B in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/starling-bank/financials" target="_blank" rel="noopener">CorpDigest — Starling Bank financials</a></div>Related Financial Audits
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