Wise plc (LSE:WISE) reported strong momentum across its core money transfer and account services, with quarterly cross-border volumes increasing 26% year-on-year to £49.4 billion and active customers rising 22% to 11.3 million.
Customer balances held within Wise accounts grew 37% to £29.4 billion, while underlying income for the quarter climbed 24% to £435.3 million. Growth was supported by increased adoption of account features and a notable rise in instant transfers, which improved by 10 percentage points.
For the full fiscal year 2026, Wise expanded its active customer base by 21% to 18.9 million, driving a 25% increase in annual cross-border volumes to £181.7 billion. Underlying income rose 18% to approximately £1.61 billion. The company also highlighted strong performance in its business segment and expects its underlying profit before tax margin to land toward the upper end of its 13% to 16% target range.
Wise confirmed it is progressing with plans for a dual listing, intending to shift its primary listing to Nasdaq while maintaining a secondary listing in London. The transition, which will involve reporting in U.S. dollars under U.S. GAAP, is designed to enhance visibility in the U.S.—its largest addressable market—and provide access to deeper capital pools, potentially strengthening its competitive positioning in global payments.
From an outlook perspective, the company is supported by strong financial performance, including robust growth, profitability, and solid cash generation. Positive sentiment around customer expansion and transaction volumes further underpins the investment case. However, valuation remains relatively elevated, with a price-to-earnings ratio of around 25.7 and no dividend yield, while technical indicators present a mixed picture, including negative momentum signals and an elevated RSI.
More about Wise PLC
Wise plc is a global financial technology company specialising in low-cost international payments and multi-currency account services for both individuals and businesses. Through its Wise Account and Wise Business offerings, users can hold and manage more than 40 currencies, send money internationally, and spend abroad. The company also provides infrastructure solutions that enable banks and enterprises to integrate cross-border payment capabilities into their own platforms.
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