Most-switched-
to business
account
according to latest annual data from CASS for SME and charity accounts in 2024
Monzo — Year in review 2026
Same mission.Even bigger ambition.
A year defined by the opportunities we unlocked and not just the things we delivered
Extended
our homeownership offer through acquisition of Habito
Expanded
into Europe with a banking licence from the Central Bank of Ireland
Empowered
businesses with a free tool to manage new tax rules
We've delivered strong, profitable growth while investing in the foundations that will power our future. Millions of customers are choosing Monzo for more of their financial lives. We're building on that momentum by delivering more category-defining products for personal and business customers, continuing to grow in the UK and bringing Monzo magic to Europe in a way that feels truly local from day one. Our mission to make money work for everyone is more relevant than ever, and the opportunity ahead has never been greater.
Revenue
£1.7bn
39%
FY2022
£154.2mFY2023
£355.6mFY2024
£880.0mFY2025
£1.2bnFY2026
£1.7bnRevenue split
Current account balances
Borrowing
Payments
Wealth (savings & investments)
Subscriptions & other fees
FY2025
£1.2bnFY2026
£1.7bnGross profit
£1.0bn
35%
FY2025
£748mFY2026
£1.0bnAdjusted profit before tax
£172.6m
20%
Deposits
£25.7bn
55%
FY2022
£4.4bnFY2023
£6.0bnFY2024
£11.2bnFY2025
£16.6bnFY2026
£25.7bnAverage revenue per active customer*
£183
11%
*blended across personal and business accounts
Card spend
£73.0bn
32%
FY2025
£55.3bnFY2026
£73.0bnMillions more
customers.
Much more
of Monzo.
customers.
Much more
of Monzo.
+3m
new customers,
bringing the total
to 15.2m
+26%
monthly active
users to 10.4m
49%
of monthly active
users use Monzo
as a primary bank
Record number of new customers
Total customers
Monthly active users
1.6m+
customers with subscriptions
45%
growth in business banking customers
1m+
Monzo for Under 16s accounts opened
Finances
finally feel
different
finally feel
different
Most-switched-
79% of
customers
joined through
word of mouth
NPS score
of 76
That's how likely a customer
is to recommend us. The
industry average is 30.
Published
Sunday Times
Bestseller
The Monzo Book of Money
Britain's
recommended
personal current1 and business
account2
for overall service quality
