Monzo Bank net profit 2016-2024

Published by Statista Research Department, Nov 28, 2024

Founded in 2015, Monzo Bank is one of the growing digital banks based in the United Kingdom (UK). Despite the rapidly increasing customer base, Monzo reported significant losses between 2016 and 2023. However, in 2024, the bank reported a net profit of 8.71 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 after 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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