Gross profit of Atom Bank 2015-2024

Published by Statista Research Department, Jul 31, 2024

Founded in 2014, Atom Bank was the first app-only bank in the United Kingdom (UK). During the initial eight-month period following its establishment, Atom Bank reported a 6.49 million British pounds of financial loss before taxation in 2015. After hitting its peak gross loss in 2019 that exceeded 80 million British pounds, the bank experienced a gradual reduction in its gross loss. In 2024, the bank was able to report 6.7 million in gross profit for the first time since its establishment. 

Profit before taxation of Atom Bank from 2015 to 2024 (in million GBP)

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Source

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Release date

June 2024

Region

United Kingdom

Survey time period

2015 to 2024

Supplementary notes

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

The source adds the following information: Figures refer to the consolidated results of the Bank, the Atom Employee Benefits Trust and Atom EBT Limited.

The loss before taxation for the year 2015 refers to the eight-month period that ended on 31 March 2015.

Figures prior to 2019 represents loss before taxation of Atom Bank and Atom Group. From 2019 and onwards, figures represent loss before taxation of the Atom Group due to change in reporting style.  

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