OnlyFans financials at a glance
- $7.84B FY2025 gross fan payments (+9% YoY)
- $1.55B platform net revenue (+10%), subscriptions $422M (−10%), pay-per-view, tips & messages $1.13B (+20%)
- $715M pre-tax profit (+5% YoY) · $521M after tax · $535M paid as dividends
- 9.1% pre-tax margin on gross fan payments (9.5% in FY2024, 9.9% peak in FY2023)
- Audited by external accountants: public via UK Companies House
- FY2025 accounts filed 20 Sep 2026 (20 days late), released 27 Sep 2026: the press-reported $666M / $1.4B from May 2026 understated the year
Why OnlyFans financial figures are 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.
OnlyFans FY2025 revenue and profit figures
| Line item | FY2025 | FY2024 | YoY |
|---|---|---|---|
| Gross fan payments | $7.84B | $7.22B | +9% |
| Creator payouts (80%) | $6.29B | $5.80B | +8% |
| Platform net revenue (20%) | $1.55B | $1.41B | +10% |
| from subscriptions | $422M | $470M | −10% |
| from pay-per-view, tips & messages | $1.13B | $943M | +20% |
| Operating profit | $709M | $666M | +6% |
| Pre-tax profit | $715M | $684M | +5% |
| Profit after tax | $521M | $520M | 0% |
| Dividends paid | $535M | $497M | +8% |
| Pre-tax margin (on gross) | 9.11% | 9.47% | −36bp |
OnlyFans profit margin compression, visualized
The single most important financial story of the last two filings is the profit-margin compression. In FY2024 revenue grew 9% but profit only 4%; in FY2025 gross fan payments grew 9% and pre-tax profit 5%, while administrative expenses jumped 24% to $245M.
The margin trajectory: 2.8% (2020) → 9.0% (2021) → 9.5% (2022) → 9.9% (2023) → 9.5% (2024) → 9.1% (2025). FY2024 was the first year revenue outpaced profit growth and FY2025 repeated it: a signal that compliance, processing and administrative costs are eating into margins faster than revenue scaling can offset.
Every OnlyFans 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 FY2025 audited accounts. 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 | $7.84B | $6.29B | $1.55B | $715M | 9.1% | 5.06M | 437.1M |
| 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 and the FY2025 figure ($6.29B) is gross site volume minus platform revenue as filed (the strategic report rounds it to $6.2bn). FY2019 pre-tax profit is not in our dataset. FY2026 (year ending 30 November 2026) audited accounts are due at Companies House by 31 August 2027.
Cost drivers behind OnlyFans' falling profit margin
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 OnlyFans filing countdown
- What: audited FY2026 accounts, fiscal year ending 30 November 2026
- Who files: Fenix International Ltd, UK Companies House (company no. 10354575)
- Statutory deadline: 31 August 2027 (FY2025 arrived 20 days late, on 20 September 2026)
- This page updates within days of the filing, bookmark it, or watch the JSON feed
What the OnlyFans FY2025 accounts settled
The audited FY2025 accounts were filed at Companies House on 20 September 2026, 20 days after the deadline, and released on 27 September 2026. They answered the open question: the pre-tax margin compressed again, to 9.1% of gross fan payments (FY2024: 9.5%), even though fan payments grew 9% to $7.84B and platform revenue 10% to $1.55B. The press-reported figures from May 2026 ($666M operating profit on $1.4B revenue) were too low: the audited operating profit is $709M on $1.55B. The structural shift is in the revenue mix: subscription revenue fell 10% to $422M while pay-per-view, tips and messages rose 20% to $1.13B, now 73% of platform revenue. Regionally, the UK and Europe grew fastest (+22% to $347M) while the USA, still 62% of revenue, grew 6% to $965M. Traffic-side indicators remain strong (360.2M monthly visits, +3.55% MoM: Similarweb, June 2026).
OnlyFans 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 (the LR Fenix Trust, with Yekaterina "Katie" Chudnovsky as sole trustee (since 20 March 2026), after previous owner Leonid Radvinsky died on 20 March 2026) confirmed in note 29 of the FY2025 accounts. Keily Blair remains CEO.
- Dividends: $535M was paid in FY2025 (FY2024: $497M), all on shares held by a company director, and a further $174M was declared between 16 January and 26 March 2026 (note 30 of the accounts). The FY2025 accounts name the LR Fenix Trust, with K Chudnovsky as sole trustee, as the ultimate controlling party since 20 March 2026.
Full ownership chain, board and PSC filings: who owns OnlyFans · 2026 ownership timeline.
FAQ: OnlyFans revenue & profit
How much money does OnlyFans make?
In FY2025 (year ended 30 November 2025) fans paid $7.84B in gross payments. After $6.29B in creator payouts, platform net revenue was $1.55B, with $709M operating profit and $715M pre-tax profit, all from the audited Fenix International filing at UK Companies House, released on 27 September 2026.
Is OnlyFans profitable?
Yes. Fenix International has reported a pre-tax profit every year since FY2020, growing from $61M (FY2020) to $715M (FY2025). That is a 9.1% margin on gross fan payments, roughly 46% of the platform's $1.55B net revenue. Profit after tax was $521M and $535M was paid out as dividends.
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 $1.55B FY2025 net revenue comes from.
When are the FY2025 results published?
The audited FY2025 accounts (year ended 30 November 2025) were filed at UK Companies House on 20 September 2026, 20 days after the 31 August deadline, and released on 27 September 2026. They show $7.84B gross fan payments (+9%), $1.55B platform revenue (+10%), $715M pre-tax profit (+5%) and $535M dividends; subscription revenue fell 10% while pay-per-view, tips and messages grew 20%. The press-reported figures from May 2026 ($666M operating profit on $1.4B revenue) understated the year. Full analysis on the OnlyFans Annual Report page.
Sources
- [FENIX-2025] Fenix International Ltd: UK Companies House FY2025 audited filing (year to 30 November 2025; released 27 September 2026).
- [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.