REG - Wise PLC - Wise Q3 FY26 trading update
Today 07:00
For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260120:nRST5102Pa&default-theme=true
RNS Number : 5102P Wise PLC 20 January 2026
20 January 2026
Strong volume growth of 26%(1) with customer holdings up 34%
● Quarterly cross-border volume grew +25% YoY (+26% YoY on a
constant currency basis), to £47.4bn, with 10.9m active customers using Wise
in Q3 (+20% YoY)
● Increased diversification of income as popularity of the Wise
account continues, with customer holdings growing by +34% to £27.5bn, and
card and other revenue increasing +30% YoY
● Wise Business active customers rose +25% YoY to 542,000 as volumes
grew strongly +37%
● Cross-border take rate flat in the quarter at 52bps, down from
56bps a year ago, reflecting continued focus on investing for long-term growth
● Underlying income was £424.4m in Q3 FY26, up +21% YoY on a
reported basis. On a constant currency basis, underlying income grew by +21%
in Q3 YoY, +17% YTD, and we expect to be around the middle of our guided
range of 15-20% growth for FY26
● Focused on the long-term growth opportunity and becoming 'the'
network for the world's money while investing to target an underlying profit
before tax margin of 13-16% in the medium term. We now expect FY26 underlying
PBT margin to be towards the top of this range, including costs related to
Wise's dual listing.
"We served nearly 11 million active customers this quarter, helping more
people and businesses around the world with more of their financial needs. We
launched the Wise travel card in India to exciting demand, with over 75,000
customers joining the waiting list in just one month, and introduced Google
Pay for customers in the Philippines as the first non-bank to do so. We
secured a conditional licence approval in South Africa - our first in Africa,
and went live with our direct integration to Japan's Zengin system, bringing
our total number of direct integrations to domestic payment systems to eight.
"We delivered 74% of payments instantly, up nine percentage points
year-on-year. This is a clear benefit of our continued focus on infrastructure
- our licences, integrations, technology and operations.
"Our financial performance in Q3 and throughout FY26 has been strong and we
remain on track to meet our guidance. We expect to complete our dual listing
in the first half of 2026, which will further increase our profile in the US
as we remain focused on accelerating global growth and becoming the network
for the world's money."
-Kristo Käärmann, Co-founder and Chief Executive Officer
Q3 FY26 Q3 FY25 YoY Movement YoY
Movement
Constant
CCY
Cross-border volume (£ billion) 47.4 37.8 25% 26%
Underlying income (£ million) 424.4 349.5 21% 21%
Cross-border take rate (%) 0.52% 0.56% -4 bps -
Instant transfers (%) 74% 65% +9 pps -
(1)On a constant currency basis
You can read more about our progress in our quarterly Mission Updates on
wise.com.
Please see the appendix for further historical financial information.
Enquiries
Martin Adams - Investor Relations
owners@wise.com (mailto:owners@wise.com)
Sana Rahman - Communications
press@wise.com
Brunswick Group
Charles Pretzlik / Emily Murphy
Wise@brunswickgroup.com
+44 (0) 20 7404 5959
About Wise
Wise is a global technology company, building the best way to move and manage
the world's money.
With Wise Account and Wise Business, people and businesses can hold 40
currencies, move money between countries and spend money abroad. Large
companies and banks use Wise technology too; an entirely new network for the
world's money. Launched in 2011, Wise is one of the world's fastest growing,
profitable tech companies.
In fiscal year 2025, Wise supported around 15.6 million people and businesses,
processing over £145 billion in cross-border transactions and saving
customers around £2 billion.
FORWARD LOOKING DISCLOSURE DISCLAIMER
This report may include forward-looking statements, which are based on current
expectations and projections about future events. These statements may
include, without limitation, any statements preceded by, followed by or
including words such as "forward looking", "guidance", "target", "believe",
"expect", "intend", "may", "anticipate", "estimate", "forecast," , "project",
"will", "can have", "likely", "should", "would", "could" and any other words
and terms of similar meaning or the negative thereof. These forward-looking
statements are subject to risks, uncertainties and assumptions about Wise and
its subsidiaries. In light of these risks, uncertainties and assumptions, the
events in the forward-looking statements may not occur.
Past performance cannot be relied upon as a guide to future performance and
should not be taken as a representation that trends or activities underlying
past performance will continue in the future, and the statements in this
report speak only as at the date of this report. No representation or warranty
is made or will be made that any forward-looking statement will come to pass
and there can be no assurance that actual results will not differ materially
from those expressed in the forward-looking statements.
Wise expressly disclaims any obligation or undertaking to update, review or
revise any forward-looking statements contained in this report and disclaims
any obligation to update its view of any risks or uncertainties described
herein or to publicly announce the results of any revisions to the
forward-looking statements made in this report, whether as a result of new
information, future developments or otherwise, except as required by law.
Appendix - Historical Financials
Quarterly Q3 FY2024 Q4 FY2024 Q1 FY2025 Q2 FY2025 Q3 FY2025 Q4 FY2025 Q1 FY2026 Q2 FY2026 Q3 FY2026 QoQ Q YoY QoQ Q YoY
Movement Movement Movement Movement
Constant Constant
CCY CCY
Active Customers (thousand)¹ 7,512 7,911 8,374 8,892 9,047 9,291 9,797 10,440 10,897 4% 20% - -
Personal (thousand) 7,120 7,517 7,962 8,469 8,612 8,838 9,321 9,936 10,354 4% 20% - -
Business (thousand) 392 395 412 423 435 453 475 504 542 8% 25% - -
Cross-border volume (£ billion)² 30.6 30.6 33.2 35.2 37.8 39.1 41.2 43.7 47.4 8% 25% 8% 26%
Personal (£ billion) 22.3 22.6 24.5 26.1 27.4 28.4 29.7 31.2 33.2 6% 21% 6% 21%
Business (£ billion) 8.3 8.0 8.7 9.1 10.4 10.7 11.5 12.5 14.2 14% 37% 13% 37%
Customer balances (£ billion)³ 12.9 13.3 14.1 14.7 16.2 17.1 18.1 19.7 21.2 8% 31% - -
Personal (£ billion) 7.5 7.9 8.4 9.0 9.8 10.5 11.3 12.4 13.1 6% 33% - -
Business (£ billion) 5.4 5.4 5.7 5.7 6.4 6.6 6.8 7.3 8.1 11% 27% - -
Cross-border revenue (£ million) 206.2 204.6 211.2 207.9 212.9 208.4 214.8 226.1 245.4 9% 15% 8% 15%
Personal (£ million) 161.2 161.0 167.1 167.2 169.3 166.0 170.2 177.0 188.8 7% 12% 6% 11%
Business (£ million) 45.0 43.6 44.1 40.7 43.6 42.4 44.6 49.1 56.6 15% 29% 14% 30%
Note: Differences between 'total' rows and the sum of the constituent
components of personal and business are due to rounding.
¹ Total number of unique customers who have completed at least one
cross-border transaction in the given period.
² Cross-border volume only.
³ Customer balances do not include Assets Under Custody which are not
recognised on the balance sheet.
Appendix - Historical Financials (continued)
Quarterly Q3 FY2024 Q4 FY2024 Q1 FY2025 Q2 FY2025 Q3 FY2025 Q4 FY2025 Q1 FY2026 Q2 FY2026 Q3 FY2026 QoQ Q YoY QoQ Q YoY
Movement Movement Movement Movement
Constant Constant
CCY CCY
Card and other revenue (£ million) 70.4 72.6 80.0 92.8 97.8 100.9 103.3 113.8 127.4 12% 30% 11% 30%
Personal (£ million) 51.9 54.0 59.6 70.5 74.0 75.6 76.7 84.3 93.1 10% 26% 10% 25%
Business (£ million) 18.5 18.6 20.4 22.3 23.8 25.3 26.6 29.5 34.3 16% 45% 16% 44%
Underlying interest income (first 1pct yield) (£ million) 31.3 32.3 34.2 36.3 38.8 41.1 43.9 47.6 51.6 8% 33% 7% 32%
Personal (£ million) 18.0 19.0 20.4 22.1 23.6 25.1 27.4 29.9 32.1 7% 36% 6% 35%
Business (£ million) 13.3 13.3 13.8 14.2 15.2 16.0 16.5 17.7 19.5 10% 28% 9% 27%
Underlying income (£ million)¹ 307.9 309.5 325.4 337.0 349.5 350.4 362.0 387.5 424.4 9% 21% 9% 21%
Personal (£ million) 231.1 234.0 247.1 259.8 266.9 266.7 274.3 291.2 314.0 8% 18% 7% 17%
Business (£ million) 76.8 75.5 78.3 77.2 82.6 83.7 87.7 96.3 110.4 15% 34% 14% 34%
Interest income (above the first 1pct yield) (£ million) 100.9 109.6 114.3 115.9 110.0 103.7 103.2 102.7 102.1 (0%) (7%) (1%) (8%)
Personal (£ million) 58.0 64.3 68.0 70.4 67.0 63.5 64.4 64.5 63.5 (1%) (5%) (2%) (6%)
Business (£ million) 42.9 45.3 46.3 45.5 43.0 40.2 38.8 38.2 38.6 1% (10%) 0% (11%)
Benefits paid relating to customer balances (£ million) (33.7) (37.9) (41.3) (43.5) (38.2) (38.2) (36.0) (37.3) (37.2) (0%) (3%) (2%) (5%)
Personal (£ million) (19.1) (22.6) (24.8) (26.5) (24.3) (23.6) (22.7) (23.7) (23.8) 0% (2%) (1%) (5%)
Business (£ million) (14.6) (15.3) (16.5) (17.0) (13.9) (14.6) (13.3) (13.6) (13.4) (2%) (4%) (3%) (5%)
Cross-border take rate (%) 0.67% 0.67% 0.64% 0.59% 0.56% 0.53% 0.52% 0.52% 0.52% +0 bps -4 bps - -
Note: Differences between 'total' rows and the sum of the constituent
components of personal and business are due to rounding.
¹ Underlying income is an alternative performance measure comprising revenue,
first 1% of gross yield of interest income on customer balances, and any
interest expense on customer balances. It does not include interest income
above the first 1% gross yield or benefits paid on customer balances.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END TSTBKLLFQFLZBBX
Copyright 2019 Regulatory News Service, all rights reservedRecent news on Wise
See all newsREG - Wise PLC - Wise Q3 FY26 trading update
AnnouncementREG - Wise PLC - Director/PDMR Shareholding
AnnouncementREG - Wise PLC - Total Voting Rights
AnnouncementREG - Wise PLC - Director/PDMR Shareholding
AnnouncementREG - Wise PLC - Total Voting Rights
Announcement