It’s that time of year again! I’m here to share our latest Annual Report for FY2025.
Revenues increased 48% thanks to growth across all areas of the business, surpassing £1bn for the first time! Profits increased 8x to £113.9 million.
We welcomed 2.4 million new personal and business customers in FY2025, with more than two thirds joining via word of mouth.
Customer deposits grew by 48% to £16.6bn while weekly active users increased 28% as we added a record number of new products and features to help customers manage more of their financial lives – from pensions to accounts for under 16s.
I hope you enjoy reading this year’s report, we’re really proud of all the achievements in it. Achievements that have only been made possible with your help. From all of us here at Monzo, thank you, thank you, thank you!
I’m here to take any questions you might have back to the team. And if you’re a crowd investor, Crowdcube will be sending you an update soon too.
Wow… A lot of momentum in these numbers. 1.2bn revenue? That is not far off what Wise will report later this week, but Monzo is meant to be 1-2 years behind. FY26 Monzo will be the bigger beast, you can guarantee it.
Whatever the IPO price is, I can’t help but feel it in my bones that this will trade at a £20-40bn valuation within a couple of years, in my most humble opinion.
Revenues increased 48% thanks to growth across all areas of the business, surpassing £1bn for the first time! Profits increased 8x to £113.9 million.
We welcomed 2.4 million new personal and business customers in FY2025, with more than two thirds joining via word of mouth.
Customer deposits grew by 48% to £16.6bn while weekly active users increased 28% as we added a record number of new products and features to help customers manage more of their financial lives – from pensions to accounts for under 16s.
