Selling shares · Revolut

How to sell your Revolut stock

Revolut has let employees sell shares three times in three years — most recently at a reported ~$115bn valuation in July 2026 (about $2,017 a share). If you hold Revolut options, here is how those sales work, what the headline number does and doesn’t mean for you, and how to be ready for the next one.

Sector about $2 · HQ 017 a share · Status Privately held · Reviewed November 2026

Revolut is a private UK fintech — still private as of November 2026 (an IPO is reportedly a 2027–28 question). What makes Revolut unusual is that it has repeatedly given staff a way to sell through company-run secondary share sales. This guide is written for the Revolut holder — plain-English, specific to Revolut and to UK rules.

Independent guide. PrivateTechShares is not affiliated with, endorsed by, or connected to Revolut. This is general educational information for people who already hold Revolut equity. We don’t recommend or endorse any transaction — whether to buy or sell, and on what terms, is entirely your own decision based on your own due diligence. What we do: help you prepare — a clear picture of what you hold, what it may be worth, and the paperwork.

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What you actually hold at Revolut

Most Revolut employee equity is stock options — you exercise them (pay the strike price) to turn them into shares, and you can generally only sell shares. So before a secondary, option-holders usually have to exercise first. UK tax then depends on your scheme: tax-advantaged options (such as EMI, mostly for earlier/UK staff) are treated more kindly than unapproved options (common for larger and international grants). Check your grant document for your scheme type, vested amount, strike price and any deadlines.

Revolut at a glance — the dates that matter to holders

2024
Employee secondary share sale at about $45 billion — staff could sell vested shares.
2025
Further secondary at about $75 billion.
Jul 2026
Fresh secondary “process underway” at a reported ~$115 billion valuation; employee shares reported at about $2,017 each.

Figures as publicly reported (Bloomberg, CoinDesk/WSJ and TechCrunch, 2024–2026). Revolut confirmed a sale process was underway in July 2026 but did not confirm the valuation. Confirm current status before relying on these.

How Revolut equity turns into cash

Revolut isn’t traded on any market, so you can’t sell whenever you like. In practice the route has been a company-organised secondary — Revolut arranges a window in which approved investors buy shares from employees at a set price. These have recurred, but each is a one-off window Revolut controls, not an always-on market. Outside a company secondary, selling privately is subject to Revolut’s transfer rules (typically a right of first refusal and company approval).

Where holders actually find buyers → A plain-English map of every route — buybacks, tenders, company secondaries, platforms and investor networks.

The decision you’re probably facing

What the headline valuation means for you. A ~$115bn valuation is the price of the preferred shares investors buy. Your common shares or options are usually worth less, and an option is only worth the share price minus your strike. The ~$2,017 per-share figure from July 2026 is the reported employee price in that window — a far more useful number for you than the headline. Don’t size your decision off the $115bn.

So the real questions are usually: what is my stake actually worth at the employee price (not the headline), what does it cost me to exercise first, what UK tax falls due, and how much do I sell in a window versus hold?

The tax reality (UK)

It depends on your scheme. Exercising unapproved options is normally subject to income tax and National Insurance on the gain at exercise (the share value minus your strike). Tax-advantaged schemes such as EMI are more favourable and can qualify for a lower Capital Gains Tax rate on sale. Selling the shares later is subject to Capital Gains Tax on the gain since exercise. Read our guide to selling startup shares in the UK alongside this, and for the full method see the valuation & tax methodology.

What to expect on price

In a company secondary the price is set for the window; a private sale outside one usually happens at a discount to the headline valuation, because the buyer takes an illiquid minority stake and you likely hold common shares. See what discount is fair.

For holders

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Get ready for the next Revolut secondary

Windows open with little warning. Get the numbers straight now: what your options are worth at the employee price, the cost to exercise, the UK tax, and how much to sell. The free tools give you the pieces; the report runs them on your grant.

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Questions people ask

Can I sell my Revolut shares?

Revolut doesn’t trade on an open market, but it has run company-organised employee share sales several times, most recently a secondary at a reported ~$115bn valuation in July 2026. These are periodic windows, not an always-on market. If you hold options you generally exercise them into shares first, subject to Revolut’s rules.

How much are my Revolut shares or options worth?

In the July 2026 secondary, employee shares were reported at about $2,017 each. But a headline valuation (~$115bn) reflects the preferred shares investors hold; your common or option shares are usually worth less, and an option is worth the share price minus your strike. Use our estimator as a starting point.

Do I pay tax when I exercise or sell Revolut options?

In the UK it depends on your scheme. Exercising unapproved (non tax-advantaged) options is normally subject to income tax and National Insurance on the gain at exercise; tax-advantaged schemes such as EMI are more favourable. Selling the shares later is subject to Capital Gains Tax on the gain. Check your grant and take UK tax advice.

When is the next Revolut secondary?

Revolut has arranged employee secondaries roughly annually (2024, 2025, and July 2026), but it controls each window and there’s no fixed public schedule. The practical step is to have your numbers ready so you can act when one opens.

Why is the headline valuation higher than what I’d get?

A headline like ~$115 billion is the price of the preferred shares investors buy. Your common shares or option shares usually rank below that and are worth less, and an option is only worth the share price minus your strike. The ~$2,017 per-share employee figure from July 2026 is a better guide than the headline.

Sources

We re-verify this page’s facts monthly — they can change between updates. Figures are as reported (November 2026); confirm current status before you rely on them.

More about Revolut: revolut.com ↗ (official site) · funding & valuation data ↗.