N26 vs Revolut
Business model, scale, and a side-by-side Litmus framework score — which model wins, and for whom.
Revolut wins on global scale and product breadth; N26 wins on subscription-led economics and a full ECB bank licence.
At a glance
| Metric | N26 | Revolut |
|---|---|---|
| Revenue | ~€440M (2024 est.) | $6.0B (2025, +46%) |
| Profit | First quarterly profit (Q3 2024) | $2.3B pre-tax (£1.7B, +57%) |
| Active users | ~4.8M active customers (end-2024) | 68.3M retail + 767K business |
| Employees | ~1,500 | 13,000+ |
| Founded | 2013 | 2015 |
| HQ | Berlin, Germany | London, UK |
LLitmus Framework Score
Overall: N26 89 · Revolut 89
Customer Segment
90
94
Value Proposition
92
92
Marketing Channel
85
88
Engagement
88
90
Income Source
95
91
Asset Validation
90
93
Core Operations
85
85
Strategic Alliance
80
82
Expense Validation
88
87
N26 leads 2 modules, Revolut leads 5. Overall edge: Tie.
Head to head
| Dimension | N26 | Revolut |
|---|---|---|
| Customers | ~4.8M (Eurozone) | ~50M+ globally |
| Revenue mix | Subscription-led (~40%) | Interchange + subscriptions + trading |
| Licence | Full ECB bank licence since 2016 | Bank licences obtained later, by market |
| Footprint | Eurozone-only after US/UK exits | Global, many markets |
| Profitability | First quarterly profit Q3 2024 | Profitable at larger scale |
FAQ
Is N26 or Revolut a better business?
Revolut wins on global scale and product breadth; N26 wins on subscription-led economics and a full ECB bank licence. It depends on what you optimise for — see the module-by-module breakdown above.
What is the difference between N26 and Revolut's business model?
N26 operates in Fintech (The Mobile Bank), while Revolut is Fintech (One app, all things money). Their revenue, scale and Litmus scores are compared in detail above.
Which is more profitable, N26 or Revolut?
N26: First quarterly profit (Q3 2024). Revolut: $2.3B pre-tax (£1.7B, +57%).