N26 posts first full year of net profitability in 2025
What happened? N26 reported its first full year of net profitability for fiscal year 2025, posting group net income of €1.6 million — a €43.6 million swing from the €42.0 million net loss recorded in 2024.
The numbers. Revenue rose 13% to €501.6 million (from €445.4 million in 2024), taking the Berlin-based digital bank past the half-billion-euro mark for the first time. Gross profit grew 33% to €350.5 million, reflecting the platform's increasing operating leverage. Net fee and commission income rose 21% to €184.2 million (53% of gross profit), while net interest income climbed 49% to €166.3 million (47%).
Scale. Revenue-relevant customers grew 16% year-on-year to 5.6 million, annual transaction volume rose 14% to €170.7 billion, and customer deposits surpassed €10.5 billion.
Momentum into 2026. On preliminary figures, N26 generated group net income of €9.8 million, gross profit of €92.0 million and revenue of €130.0 million in the first quarter of 2026.
