Revolut says that, as of 14 September 2026, it has seven million customers in Spain and confirms that the country is its third-largest market after the United Kingdom and France. The company puts Spain’s share at around nine per cent of its approximately 80 million users worldwide. The figures were given by the manager responsible for Revolut’s business in Spain, Santiago Pérez Olano. The service is legally provided through the Spanish branch of Revolut Bank UAB .
The fintech group is pairing the seven-million-customer milestone with an expansion plan. A dedicated offer for students is planned for this autumn. Revolut is also planning to open its first retail space in Barcelona, which is not intended to operate as a traditional bank branch. No date has been announced. International business media reported on the Barcelona plan in the spring.
Pérez Olano, who held a senior role at Remitly before joining Revolut, has been leading the business in Spain for several weeks. He has set ambitious targets for the domestic market: by January 2027 the customer base is expected to exceed eight million. This should be treated as a company forecast. It has not been confirmed by regulators.
According to the company, Revolut’s market penetration in Spain is around 15 per cent. Use is particularly high among people aged 25 to 34; in this group, around one in three is said to have a Revolut account. These structural figures come from the company’s own surveys and have so far been subject to only limited external verification.
For Spain’s banking sector, the growing customer base is intensifying competition over current and savings accounts, as well as payment and everyday services. Revolut points to its interest-rate offers and expanded product range; the future role of credit or mortgage products in its Spanish business remains unclear. The company has not yet given dates for any such launches in Spain.
The latest figures should be attributed to the company and Spanish business media. Background material such as the group’s 2025 report documents its expansion in Europe, but gives figures across countries rather than for individual markets. Projections of future customer numbers and timelines are forecasts by company management and are identified as such.
Editor: Daniel Mayer (Article created with AI assistance).