Wise shares rose on Monday after reporting another strong quarter, with cross-border volumes up 27% on a constant currency basis to £49.4bn in Q4 FY26, driven by a 22% year-on-year increase in active customers to 11.3m.
There was growth across the board with customer holdings rising 37% to £29.4bn, while card and other revenue climbed 29%, underscoring the company’s push to diversify beyond pure transfers.
The Wise Business unit posted eye-catching numbers, with active customers up 26% to 572,000 and volumes growing 35%.
Underlying income for the quarter came in at £435.3m, up 24% year-on-year. For the full year, cross-border volumes hit £181.7bn, a 25% increase, with underlying income rising 18% to £1.6bn on a reported basis. Active customers for the year reached 18.9m, up 21%.
“We are making good progress on building the network for the world’s money. Our infrastructure makes cross-border transactions cheaper and faster and, in January, we became one of the first payment institutions to be granted membership to Payments Canada, paving the way to direct access there,” said Kristo Käärmann, Co-founder and Chief Executive Officer.
“More and more people are using Wise at home or abroad for their everyday spending, for paying bills, for savings and investments. That’s why last month we formally launched our UK current account with a physical branch concept on Oxford Street in London.”
Wise continues to invest in pricing, with its cross-border take rate ticking down to 51bps from 53bps a year ago. The proportion of instant transfers also jumped to 75%, up from 65%. The company expects FY26 underlying PBT margin to land towards the top of its 13-16% guidance range, even after absorbing dual listing costs.
Touching on plans to shift its primary listing away from London, Wise confirmed it remains on track to complete its primary listing on Nasdaq on 11 May 2026, while maintaining a secondary listing on the London Stock Exchange.
Wise shares were 3% higher at the time of writing.