N26 achieved its first full year of profitability in 2025, ten years after secured its full European banking license

The digital only bank was founded in 2013, releasing its first mobile checking accounts in early 2015 and secured its full European banking license in 2016. Now the company reports for fiscal year 2025 that gross profit grew by 33% to €350.5 million, based on a revenue increase to €501.6 million. Strong momentum continued in the first quarter of 2026, driving €130.0 million in revenue, €92.0 million in gross profit, and group net income of €9.8 million.

N26 today announced its financial results for fiscal year 2025, surpassing €500 million in revenue and securing its first full year of net profitability. The results mark a critical milestone in the company’s evolution as a highly scalable and leading European digital bank.

First full year of profitability, driven by operating leverage

For fiscal year 2025, N26 Group generated €501.6 million in revenue, representing an increase of 13% compared to €445.4 million in 2024. At the same time, reduced direct costs resulted in gross profit growth of 33% to €350.5 million, demonstrating the business’s increasing operating leverage.

Net income reached €1.6 million from a net loss of €42.0 million in 2024, representing a year-on-year improvement of €43.6 million and N26’s first full year of profitability.

Revenue-relevant customers increased by 16% year-on-year to 5.6 million, reflecting N26’s continued focus on deepening high-quality customer relationships and becoming customers’ primary bank.

In 2025, annual transaction volume rose by 14% to €170.7 billion and customer deposits surpassed €10.5 billion. The bank maintained a highly liquid asset base throughout 2025, supporting N26’s strong liquidity position.

Mike Dargan, Chief Executive Officer of N26, said: “Surpassing half a billion euros in annual revenue for 2025 is a landmark milestone for N26, demonstrating the growing trust millions of Europeans place in us every day. More importantly, it proves the operating leverage inherent in our platform. As we scale, we do so efficiently, with top-line growth translating directly into sustainable profitability. This financial strength gives us the flexibility to reinvest heavily in product innovation, bringing even more value to our customers across Europe.”

Diversified business model supports sustainable growth

N26 continued to strengthen its diversified business model in 2025, with balanced contributions from its key business lines to gross profit.Net fee and commission income increased 21% year-on-year to €184.2 million,accounting for 53% of gross profit, driven by growth in subscriptions and card transaction volumes.

Subscription performance benefited from strategic enhancements to N26’s premium membership offering.Net interest income, which includes treasury and lending activities, rose 49% to €166.3 million and contributed the remaining 47% of gross profit, underpinned by a growing deposit and lending portfolio.

Arnd Schwierholz, Chief Financial Officer of N26, added: “Our 2025 results demonstrate the strength and scalability of the N26 business model. Revenue growth, disciplined cost management, and a diversified earnings profile contributed to the company’s first full year of profitability and continued growth of gross profit. We remain focused on delivering sustainable growth while continuing to invest in products, technology, and long-term resilience.”

Customer growth and momentum continue in 2026

Based on preliminary results, N26 maintained strong momentum in the first quarter of 2026, generating group net income of €9.8 million, gross profit of €92.0 million and revenue of €130.0 million. The company continues to see sustained customer acquisition, growing engagement, and increasing adoption of its products and services.

N26 remains focused on delivering sustainable profitable growth in 2026. Profitability is expected to be maintained, supported by operating leverage and disciplined investment. Key priorities include deepening customer engagement, increasing multi-product adoption, and further strengthening governance, operational efficiency, risk management capabilities, and financial resilience.

At the same time, N26 will continue to invest in its banking, savings, investment and lifestyle offerings while expanding the use of artificial intelligence across customer service, personalization and internal operations.

N26 is a leading European digital bank operating with a German banking license. Built on a foundation of technology, transparency and trust, the company provides simple, secure, and digital-native banking to millions of customers across 24 markets. Headquartered in Berlin with a strategic presence in major European hubs including Vienna, Paris, Milan, Madrid and Barcelona, the company is powered by a diverse 1,600-strong team representing over 90 nationalities. The company is committed to empowering its customers with financial confidence and control, delivering a best-in-class banking experience designed for the modern era.