- Revolut’s $115 billion valuation is now confirmed, which means CEO Nik Storonsky’s stake is worth over $36 billion.
- On July 22, 2026, shares were priced at $2,017 each. That’s a 53% jump from the $75 billion valuation in November.
- Revolut now trades at about five times the earnings multiple of BNP Paribas, rather than just matching its size.
Revolut’s co-founder and CEO, Nik Storonsky, is now one of the richest fintech founders on paper. Bloomberg reported on July 22 that the company was valued at $115 billion, with shares at $2,017 each. Bloomberg, citing internal share distribution documents, says Storonsky’s stake is now worth more than $36 billion.
At $115 billion, Revolut is now valued higher than Barclays or Deutsche Bank, and almost matches BNP Paribas, Europe’s biggest bank by assets. Tech Funding News covered the speculative version of this story in June, when the number was still a rumour. It no longer is, and the confirmed price tag raises a harder question than how rich Storonsky just got.
What actually got confirmed
This is a secondary share sale, not a new funding round. Existing shareholders and employees are selling their shares to new buyers, so the company isn’t raising new money.
Revolut has done this before, most recently with the $75 billion round in November 2025, using them as a staging mechanism ahead of an eventual initial public offering that Storonsky has said remains at least two years away.
The jump is big: from $45 billion in 2024 to $75 billion in November 2025, and now $115 billion. That’s a 53% increase in less than eight months. Most of this growth comes from two key regulatory steps: getting a full UK banking license in March 2026 and applying for a US banking charter.
If the confirmed figure holds, Storonsky’s own stake would be worth more than $36 billion, based on internal share distribution documents cited by Bloomberg, placing him among the wealthiest fintech founders alive.
The multiple that hasn’t been calculated
Most reports, including TFN’s June article, note that a $115 billion valuation on $2.3 billion in profit means a high multiple. But none have directly compared this to other companies in the industry.
At $115 billion, Revolut trades at about 50 times its expected 2025 pre-tax profit. By comparison, BNP Paribas, Europe’s biggest bank by assets, has a market cap of about $118 billion and is expected to earn 12.2 billion euros in 2025, so its multiple is closer to nine or ten times earnings. Deutsche Bank, with a $67 billion market cap, and Barclays, at about $97 billion, also have multiples in the single digits or low teens.
Investors in this secondary sale see Revolut as a fast-growing tech company with banking licenses, not as a regular bank. It’s still unclear if this premium will persist once public markets, which judge risk differently, set the price.
Why now and who is buying
Revolut chairman Martin Gilbert has been meeting with investors in person, including at the Monaco Grand Prix, according to Bloomberg. It’s not clear if the buyers at the $115 billion valuation are new investors or if those from the $75 billion round are just increasing their stakes.
TFN reported on July 17 that Nvidia’s venture arm invested $196 million in Revolut, but that was before this latest sale. This means several existing backers were already on board before the new price. The difference matters: new investment shows fresh confidence, while existing investors agreeing to a higher valuation is a different signal.
Revolut has told investors it wants to reach a $150 billion to $200 billion valuation for its IPO. To get there, it needs to keep growing at its current pace for another two years, even without more licensing wins. The gap with its closest UK competitor is already huge: Monzo, its nearest rival, was valued at $5.9 billion in its share sale last October, which is only a small part of Revolut’s current value.
The bigger question is not whether Revolut is worth more than Barclays on paper. It is whether a fintech pricing itself at five times a bank’s earnings multiple can hold that premium once public shareholders, rather than existing insiders, are the ones setting the price.
