Read each OnlyFans statistic according to the filing’s definition before comparing it. Fenix International Limited’s FY2024 accounts cover the year ended 30 November 2024; they report payment volume, company revenue, profit, and cumulative account totals, not one interchangeable measure of platform size.
Start with the reporting entity and period
Fenix International Limited is the company named in the Companies House record. Its FY2024 group accounts present 2024 figures beside 2023 comparators for the years ended 30 November.
That period matters. Do not mix these audited fiscal-year figures with a calendar-year estimate, a later press report, or a snapshot from an individual public profile. For the narrower question of profile-level evidence, see what public OnlyFans profile data reveals.
Separate gross payments from company revenue
The filing reports:
| Filing metric | FY2024 | FY2023 | What it represents |
|---|---|---|---|
| Gross payments | $7.2bn | $6.6bn | Fan payments processed, net of applicable sales taxes, refunds, and contract liabilities |
| Revenue | $1.413bn | $1.307bn | Revenue recognized by the group |
| Profit before tax | about $0.684bn | $0.658bn | Group profit before taxation |
Key distinction: gross payments are not Fenix revenue. The accounting policy says Fenix acts as an agent in transactions between creators and fans, records revenue on a net basis, and does not include the portion remitted to creators in revenue (FY2024 accounts).
This is why subtracting revenue from gross payments, or calling the full $7.2bn “OnlyFans revenue,” produces a misleading result. Profit before tax is different again: it is an accounting result after relevant income and expenses but before tax, not payment volume.
Read the 80% statement as a business-model statement
The strategic report says creators earn 80% of all fan payments made on the platform, expressed as $4 earned by creators for every $1 retained by OnlyFans (FY2024 accounts). That describes the stated revenue-sharing model at group level.
It does not establish any individual creator’s take-home earnings. The filing does not provide the distribution needed to calculate a meaningful “average creator income,” and a simple division by account count would mix earning and non-earning accounts while ignoring taxes, costs, timing, refunds, and uneven outcomes. Differences between free and paid OnlyFans accounts also do not justify an earnings estimate.
Do not call registered accounts active users
The filing reports 4.634 million creator accounts in FY2024, compared with 4.118 million in FY2023. It reports 377.456 million fan accounts, compared with 305.066 million.
Its definition is crucial: these totals are accounts created to date that had not been deleted by the user or deactivated by the platform. They are therefore cumulative registered-account totals, not monthly active users, paying users, unique people, active creators, or concurrently online accounts.
Interpretation: account growth shows that more non-deleted, non-deactivated accounts existed under the filing’s definition. It does not reveal how often those accounts logged in, purchased, posted, or earned during the year.
Use a filing-literacy checklist
Before repeating a company statistic:
- Name the entity and the year end.
- Copy the metric’s stated definition, not just its headline number.
- Keep gross payments, revenue, and profit separate.
- Label account totals as registered or cumulative when that is what the filing measures.
- Compare like with like across the stated periods.
- Stop when the filing lacks the denominator or distribution needed for a new claim.
Limitation: these accounts can answer company-level financial questions. They cannot responsibly supply creator demographics, active-user totals, conversion rates, or typical earnings.