N26The Berlin-based digital banking services provider reported strong results for fiscal 2025, surpassing the €500 million revenue threshold as it announced its first full-year net profitability. The performance highlights the company’s increased operational efficiency and progress towards a more sustainable structure business model.
digital banking The N26 platform noted that revenue reached 501.6 million euros, an increase of 13% compared to 445.4 million euros in 2024. Gross profit grew faster, reaching 350.5 million euros, up 33%.
The gains came from higher top-line growth combined with lower direct costs and stronger operating leverage as the platform scaled.
The most important turning point was the transition to positive earnings. Group net income totaled €1.6 million, reversing a loss of €42 million compared to the previous year, an improvement of €43.6 million.
these signs digital bank It is the first year that N26 has achieved net profitability.
Customer metrics continued to improve. Revenue-related customers increased 16% to 5.6 million; This reflects a greater focus on highly interactive relationships, with N26 serving as the primary bank.
Annual transaction volume increased by 14% to 170.7 billion Euros, while customer deposits exceeded 10.5 billion Euros.
The bank maintained a strong liquidity position throughout the year. Earnings were diversified according to core activities.
Net fee and commission income increased by 21% to €184.2 million and accounted for 53% of gross profit.
Growth was supported by stronger subscription performance and higher card transaction volumes.
Net interest income, including treasury and lending activities, rose 49% to €166.3 million, contributing the remaining 47%, helped by expanded deposit and loan portfolios.
Chief Executive Officer Mike Dargan It was stated that exceeding half a billion euros in annual income is a turning point that shows the trust in Türkiye. N26 By millions of European customers.
He emphasized that the platform’s built-in efficiency allows scaling to translate directly into lasting profitability, creating space to reinvest in product innovation and delivering greater value in markets.
Financial Affairs Director Arnd Schwierholz highlighted the power and scalability of the business model.
He credited revenue growth, disciplined cost control and a balanced earnings mix for achieving profitability. turning point We continue to invest in products, technology and long-term durability.
Preliminary results for the first quarter of 2026 show continued positive momentum.
Revenue reached €130 million, gross profit reached €92 million and group net income reached €9.8 million.
N26 It plans to maintain profitability through 2026, supported by operating leverage and measured investment.
Priorities include deepening customer engagement, increasing adoption of multiple products, and advancing product development. artificial intelligence in customer service, personalization and internal operations.
The company will also expand its banking. savinginvestment and lifestyle offerings while strengthening governance, efficiency and risk management.
N26 operates under a full German banking license and serves customers across 24 countries. Europe markets.
Its results follow a management reporting framework consistent with IFRS principles for consistent performance tracking. Update N26 These figures position the digital bank as a maturing player and suggest that efficient scaling can deliver both business growth and profitability.
