N26 hits first full-year profit, amid challenging 2025
N26, one of Europe's most well-known challenger banks, has reached its first full-year profit, new figures show, amid a difficult period for the German challenger bank, which saw a management shake-up... The results follow a rocky 2025 for the German challenger bank. Fintech N26 hits first full-year profit, amid challenging 2025 The results follow a rocky 2025 for the German challenger bank.
Key Takeaways
- John Reynolds 3 hours ago Share Share Send email Copy link N26 , one of Europe's most well-known challenger banks, has reached its first full-year profit, new figures show, amid a difficult period for the German challenger bank, which saw a management shake-up and investor unrest.
- New CEO Mike Dargan heralded surpassing €500m in revenues as a "milestone" achievement.
N26 said net fee and commission income increased 21 per cent year-on-year to €184.
- 6m paying customers, has a focus on increasing primary bank customers, which can be defined as those who get their income paid into their account.
Direct costs- which relate to money transfers, subscriptions and insurance- were down 17 per cent on the year.
- Tayenthal has also stepped away.
Last year, N26 was hit with new sanctions by the German financial regulator relating to compliance issues.
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Stats & Key Facts
- #Fintech N26 hits first full-year profit, amid challenging 2025 The results follow a rocky 2025 for the German challenger bank.
- #6m in 2025, compared to a €42m net loss in 2024.
- #N26 said net fee and commission income increased 21 per cent year-on-year to €184.
- #2m, accounting for 53 per cent of gross profit, driven by growth in subscriptions and card transaction volumes.
The results follow a rocky 2025 for the German challenger bank. Fintech N26 hits first full-year profit, amid challenging 2025 The results follow a rocky 2025 for the German challenger bank. John Reynolds 3 hours ago Share Share Send email Copy link N26 , one of Europe's most well-known challenger banks, has reached its first full-year profit, new figures show, amid a difficult period for the German challenger bank, which saw a management shake-up and investor unrest.
N26 has reported net income of €1. 6m in 2025, compared to a €42m net loss in 2024. 6m, a 13 per cent increase on the year previous.
A rise in card transaction volumes, an increase in subscriptions, and cost-cutting were cited as reasons for the improved performance. New CEO Mike Dargan heralded surpassing €500m in revenues as a "milestone" achievement. N26 said net fee and commission income increased 21 per cent year-on-year to €184.
For more details please read the original article at Tech.eu.
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