Wise PLC (LSE:WISE) reported a strong third quarter of fiscal 2026, with cross-border transaction volumes increasing 25% year on year to £47.4 billion. Active customers rose 20% to 10.9 million, while customer holdings across Wise accounts climbed 34% to £27.5 billion. Business customer volumes were particularly robust, growing 37% over the period.
Underlying income increased 21% to £424.4 million, supported by growth in card usage, other ancillary revenues and higher penetration of instant payments. The cross-border take rate eased to 0.52%, reflecting continued investment to support long-term growth, network expansion and infrastructure development. During the quarter, Wise launched new products in India and the Philippines, made regulatory progress in South Africa, deepened its integration with Japan’s payment system and continued preparations for a planned dual listing, which management believes will strengthen its US capital markets profile.
Strategically, Wise said these investments underpin its ambition to build the world’s leading global money-movement network. While pricing pressure and elevated operating costs remain part of the near-term picture, the company continues to target an underlying profit margin in the mid-teens as scale benefits and network effects build over time.
More about Wise PLC
Wise PLC is a global financial technology company focused on cross-border payments and multi-currency accounts for individuals and businesses. Through Wise Account and Wise Business, customers can hold and manage money in around 40 currencies, send international payments and spend abroad. Wise’s infrastructure is also used by banks and large enterprises as an alternative international payments network. Founded in 2011, the company has grown into one of the fastest-scaling profitable fintech groups, processing more than £145 billion in cross-border transactions for around 15.6 million customers in fiscal 2025.
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