bunq Reports €85.3 Million Profit for 2024 and Files First Phase of US Banking Licence Application
Dutch neobank bunq published its 2024 annual results in April 2025, reporting a net profit of €85.3 million — a 65% increase year-on-year — and marking its second consecutive profitable year. Net operating income grew 52% to €245.3 million.
2024 Financial Highlights
| Metric | 2024 | 2023 | Change |
|---|---|---|---|
| Net profit | €85.3M | ~€53M | +65% |
| Net operating income | €245.3M | ~€161M | +52% |
| User base | 17M+ | ~12M | +42% |
| Deposits | €8B+ | ~€5B | +60% |
US Banking Licence Push
Alongside its financial results, bunq announced it had completed the first phase of a US banking licence application by filing for a broker-dealer registration with FINRA. A full de novo banking licence application to the Office of the Comptroller of the Currency (OCC) was confirmed as the next step.
CEO Ali Niknam described the US as the “biggest opportunity in the world” for bunq, targeting the significant market of internationally mobile Americans and European expats living in the US. The US licence process, if successful, would make bunq one of the first European neobanks to hold banking licences on both sides of the Atlantic.
Why Profitability Matters
bunq’s consecutive profitable years are significant in a sector where many competitors remain loss-making. Sustained profitability gives bunq the capital base to fund its US expansion without relying on additional external funding rounds — a strategic advantage given the tighter fintech funding environment of 2024–2025.