Net profit of Atom Bank 2015-2024

Published by Statista Research Department, Jul 31, 2024

Atom Bank was founded in 2014 as the first app-only bank in the United Kingdom (UK). During the initial eight-month period following its establishment, Atom Bank reported a 5.87 million British pounds loss after taxation in 2015. Atom Bank's net loss continued to increase between 2015 and 2019, hitting its peak in 2019, amounting to 80 million British pounds. After experiencing a gradual reduction in its net loss, the bank was able to report a 12.3 million net profit in 2024 for the first time since its establishment.

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

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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 after taxation for the year 2015 refers to eight month period ended in 31 March 2015.

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

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