Wise (LON: WISE) generated income of £362 million between April and June, marking an 11 per cent increase year over year. Announced today (Thursday), the company expects its full-year growth to remain in line with its medium-term guidance of 15 to 20 per cent on a constant currency basis.
Wise Is Moving More Money
The cross-border payment platform also reported that it processed £41.2 billion in payment volume during the quarter, the first of its current financial year. This represents a 24 per cent rise compared to the same quarter last year.
In addition, customer holdings on Wise grew by 31 per cent to £22.9 billion. A total of 9.8 million active customers used the platform in the quarter, a 17 per cent increase year over year.
The cross-border take rate on the platform fell by 12 basis points to 0.52 per cent, indicating that the average price declined while the share of higher-volume customers continued to grow.
|
. |
Q1 FY26 |
Q1 FY25 |
YoY Movement |
|
Cross-border volume (£ billion) |
41.2 |
33.2 |
24% |
|
Underlying income (£ million) |
362.0 |
325.4 |
11% |
|
Cross-border take rate (%) |
0.52% |
0.64% |
-12 bps |
Quarter-over-quarter figures also improved. Between January and March, Wise handled £39.1 billion in payment volume and had 9.3 million active customers. Income for that period was £350.4 million.
“We have had a strong start to our financial year, progressing on our journey to moving trillions, with more people and businesses around the world using Wise,” said Kristo Käärmann, Co-founder and CEO of Wise.
Expansion Continues
He also pointed out that the platform has launched its business services in the Philippines, a country with a population of about 115 million.
FinanceMagnates.com earlier reported that business accounts contributed £10.7 billion to Wise’s cross-border transaction volume in Q4 of the previous financial year, compared to £28.4 billion from personal accounts.
Listed in London in 2021, Wise has now decided to move its main stock market listing to the United States. It joins a growing number of companies that have recently exited the London markets.
Wise (LON: WISE) generated income of £362 million between April and June, marking an 11 per cent increase year over year. Announced today (Thursday), the company expects its full-year growth to remain in line with its medium-term guidance of 15 to 20 per cent on a constant currency basis.
Wise Is Moving More Money
The cross-border payment platform also reported that it processed £41.2 billion in payment volume during the quarter, the first of its current financial year. This represents a 24 per cent rise compared to the same quarter last year.
In addition, customer holdings on Wise grew by 31 per cent to £22.9 billion. A total of 9.8 million active customers used the platform in the quarter, a 17 per cent increase year over year.
The cross-border take rate on the platform fell by 12 basis points to 0.52 per cent, indicating that the average price declined while the share of higher-volume customers continued to grow.
|
. |
Q1 FY26 |
Q1 FY25 |
YoY Movement |
|
Cross-border volume (£ billion) |
41.2 |
33.2 |
24% |
|
Underlying income (£ million) |
362.0 |
325.4 |
11% |
|
Cross-border take rate (%) |
0.52% |
0.64% |
-12 bps |
Quarter-over-quarter figures also improved. Between January and March, Wise handled £39.1 billion in payment volume and had 9.3 million active customers. Income for that period was £350.4 million.
“We have had a strong start to our financial year, progressing on our journey to moving trillions, with more people and businesses around the world using Wise,” said Kristo Käärmann, Co-founder and CEO of Wise.
Expansion Continues
He also pointed out that the platform has launched its business services in the Philippines, a country with a population of about 115 million.
FinanceMagnates.com earlier reported that business accounts contributed £10.7 billion to Wise’s cross-border transaction volume in Q4 of the previous financial year, compared to £28.4 billion from personal accounts.
Listed in London in 2021, Wise has now decided to move its main stock market listing to the United States. It joins a growing number of companies that have recently exited the London markets.
This post is originally published on FINANCEMAGNATES.
