Gross profit of Monzo Bank Group 2016-2024

Published by Statista Research Department, Aug 5, 2024

Monzo is a UK-based digital bank that offers personal and business banking services. Despite its increasing customer base, Monzo did not report profits between 2016 and 2023. However, in 2024, the bank reported a net profit of over 15 million British pounds for the first time since its establishment, compared to a loss of 116.3 million British pounds in the previous year.

Profit before taxation of Monzo Bank Group from 2016 to 2024 (in million GBP)

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Release date

May 2024

Region

United Kingdom

Survey time period

2016 to 2024

Supplementary notes

Figures prior to 2023 were collected from previous publications by the source.

Figures are rounded.

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