Financial TL;DR
- $7.22B FY2024 gross fan payments (+9% YoY)
- $1.41B platform net revenue (after 80/20 creator split)
- $684M pre-tax profit (+4% YoY — slowest profit growth on record)
- 9.5% pre-tax margin on gross revenue (down slightly from 9.9% in 2023)
- Audited by external accountants — public via UK Companies House
- FY2025 audited accounts due 31 Aug 2026 — press-reported so far: $666M operating profit on $1.4B net revenue
Why these figures are uniquely auditable
OnlyFans is one of the few large creator platforms with publicly auditable financials. Its parent Fenix International Ltd is UK-registered and required to file annual accounts with Companies House. Those filings are externally audited and publicly retrievable — anyone can verify any figure on this page against the original PDF.
That's a structural advantage for analysts and journalists: most competing creator platforms (Patreon, Substack, Fansly, Fanvue) are private US/non-UK companies with no equivalent audit-disclosure obligation.
FY2024 headline figures
| Line item | FY2024 | FY2023 | YoY |
|---|---|---|---|
| Gross fan payments | $7.22B | $6.63B | +9% |
| Creator payouts (80%) | $5.80B | $5.30B | +9% |
| Platform net revenue (20%) | $1.41B | $1.31B | +8% |
| Pre-tax profit | $684M | $658M | +4% |
| Pre-tax margin (on gross) | 9.47% | 9.92% | −45bp |
Margin compression — visualized
The single most important financial story of FY2024 is the profit-margin compression. Revenue grew 9% but profit only 4% — the first year that's happened on record.
The margin trajectory: 2.8% (2020) → 9.0% (2021) → 9.5% (2022) → 9.9% (2023) → 9.5% (2024). FY2024 is the first year revenue outpaced profit growth — a signal that compliance and processing costs are eating into margins faster than revenue scaling can offset.
Every fiscal year at a glance
The master table below is the full Fenix International financial record — every fiscal year (ended 30 November) from the first filed figures in FY2019 through the FY2024 audited accounts, plus the press-reported FY2025 partials. Payout and net-revenue figures marked † are derived from the platform's flat 80/20 split because that year's filing did not disclose them separately.
| Fiscal year | Gross fan payments | Creator payouts | Net revenue | Pre-tax profit | Margin (gross) | Creators | Fans |
|---|---|---|---|---|---|---|---|
| FY2019 | $0.27B | $0.22B † | $0.05B † | — | — | 348k | 13.5M |
| FY2020 | $2.20B | $1.76B † | $0.44B | $61M | 2.8% | 1.60M | 82.3M |
| FY2021 | $4.80B | $3.84B † | $0.96B | $433M | 9.0% | 2.10M | 188.0M |
| FY2022 | $5.55B | $4.44B † | $1.11B | $525M | 9.5% | 3.10M | 238.9M |
| FY2023 | $6.63B | $5.30B † | $1.31B | $658M | 9.9% | 4.10M | 305.1M |
| FY2024 | $7.22B | $5.80B | $1.41B | $684M | 9.5% | 4.63M | 377.5M |
| FY2025 — press-reported (partial) | — | — | $1.4B * | $666M * | — | — | — |
| FY2026 — filing expected by 31 Aug 2027 | — | — | — | — | — | — | — |
† Derived as 80% of gross fan payments (FY2019 net revenue derived as 20% of gross) — labelled because those years' filings did not disclose the line separately; the FY2024 payout figure ($5.80B) is as filed. FY2019 pre-tax profit is not in our dataset. * FY2025 figures are press-reported (NY Post, 8 May 2026), not a statutory filing: $666M is operating profit on $1.4B platform net revenue for the year ended 30 November 2025. FY2026 (year ending 30 November 2026) audited accounts are expected at Companies House by 31 August 2027.
Cost drivers behind the margin compression
Most likely contributors to the 2024 margin compression (Fenix doesn't break out individual cost lines, but external indicators support):
- Compliance infrastructure — UK Online Safety Act enforcement, EU DSA, US state-level age-verification laws all kicked in during 2024. Each requires verification, transparency reporting, and dedicated trust-and-safety headcount.
- Payment processing — adult-content category fees increased after Mastercard's 2021 rule changes. Per-transaction costs rose without proportional volume offset.
- Content moderation — 26,901 creator accounts deactivated in June 2026 alone (OnlyFans Transparency Center, June 2026) is a significant operational expense in human review hours.
- Card-network rule compliance — Visa/Mastercard adult-platform requirements have tightened, requiring more proactive content-verification before each transaction.
Next filing countdown
- What: audited FY2025 accounts — fiscal year ended 30 November 2025
- Who files: Fenix International Ltd, UK Companies House (company no. 10354575)
- Statutory deadline: 31 August 2026
- This page updates within days of the filing — bookmark it, or watch the JSON feed
Forward outlook (FY2025 filing due 31 Aug 2026)
The audited FY2025 Companies House accounts are due by 31 August 2026. Until then, press-reported figures (May 2026) put FY2025 (year ended 30 November 2025) at $666M operating profit on $1.4B platform net revenue — both numbers press-reported, not audited, and treated here as provisional until the filing lands. Traffic-side indicators remain strong (360.2M monthly visits, +3.55% MoM — Similarweb, June 2026). The open question is whether the audited numbers show the profit margin holding at ~9.5% or compressing further toward 9.0%.
Dividends & ownership
Where does the profit go? Fenix International is closely held, so its earnings story is inseparable from its ownership story — which changed twice in 2026.
- $25B+ paid to creators (cumulative) — the company says it has paid creators more than $25 billion over its first decade (reported May 2026). Self-reported, not audited.
- Architect Capital stake — on 8 May 2026, Architect Capital bought 16% of Fenix for $535M, an implied valuation of ≈$3.15B, financed via a special-purpose vehicle backed by investors including James Packer and Sam Lessin. The ~$8B Forest Road-led sale reported in 2025 never closed.
- Controlling owner — a family trust led by Yekaterina "Katie" Chudnovsky (since 20 March 2026), after previous owner Leonid Radvinsky died on 20 March 2026. Keily Blair remains CEO.
- Dividends — as a private UK company, any dividend distributions to the shareholder are disclosed in each annual Companies House filing; one more line journalists can verify against the source PDF when the FY2025 accounts land.
Full ownership chain, board and PSC filings: who owns OnlyFans · 2026 ownership timeline.
FAQ — OnlyFans revenue & profit
How much money does OnlyFans make?
In FY2024 (year ended 30 November 2024) fans paid $7.22B in gross payments. After $5.80B in creator payouts, platform net revenue was $1.41B, with $684M pre-tax profit — all from the audited Fenix International filing at UK Companies House.
Is OnlyFans profitable?
Yes. Fenix International has reported a pre-tax profit every year since FY2020, growing from $61M (FY2020) to $684M (FY2024). That is a ~9.5% margin on gross fan payments — roughly 48% of the platform's $1.41B net revenue.
What is OnlyFans' take rate?
A flat 20%. Creators keep 80% of everything fans pay — subscriptions, PPV, tips and DM unlocks — and OnlyFans retains 20%, which is where its $1.41B FY2024 net revenue comes from.
When are the FY2025 results published?
The audited FY2025 accounts (year ended 30 November 2025) are due at UK Companies House by 31 August 2026. Until then the only FY2025 figures are press-reported: $666M operating profit on $1.4B platform net revenue (May 2026). This page updates within days of the filing.
Sources
- [FENIX-2024] Fenix International Ltd — UK Companies House FY2024 audited filing.
- [FENIX-PRIOR] Fenix International Ltd — Prior fiscal year filings (2020–2023).
- [REUTERS-2025] Reuters — coverage of FY2024 filing release.
- [CH-2026] Companies House — Fenix International Ltd PSC & officer filings (March–July 2026).
- [DEAL-2026] Press coverage of the Architect Capital minority-stake deal (NY Post, Bloomberg, Axios — 8 May 2026). Press-reported, not audited.