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The three busiest stations on the London Underground network are all major interchanges for national rail and long-distance bus services. In 2023, the busiest station on the London Underground system was King's Cross St. Pancras, with over 72 million passenger entries and exits recorded. The second and third busiest stations were Waterloo and Victoria, with 70.3 and 59.6 million entries and exits respectively. 

Passenger traffic on the London Underground

Passenger traffic increased significantly over the past 20 years. Between 2000 and 2019, the number of passenger journeys more than doubled, reaching its highest value in the financial year 2017/18, when the number of journeys almost reached 1.4 billion. Passenger volumes dropped in during the COVID-19 pandemic in 2020 and remained low in the following years. By the 2023/24 financial year, passenger numbers had recovered to 1.2 billion passengers.

The Tube, big contributor to the TfL's revenue

London Underground fares make up the greatest contribution to overall passenger revenue of Transport for London (TfL). The Tube reported a passenger income of 2.5 billion British pounds in the financial year 2023/24, up from 2.2 billion reported a year earlier. Overall, TfL generated revenue worth over five billion British pounds from all the services in the financial year 2023/24.