Wise, the UK-based fintech known for international money transfers, has forecast solid growth for its current financial year, driven by a sharp increase in customer numbers and revenue.
The company expects a 21% rise in active customers, reaching 15 million globally, and projects underlying income to grow by 16% to £1.4 billion. However, it anticipates a one percentage point decline in profit margin.
Wise is targeting underlying income growth of 15–20% for the 2026 financial year, with pre-tax profit margins expected to hit the higher end of its guidance range.
In its most recent quarterly update, cross-border transaction volumes climbed 24% year-on-year to £37.8 billion, while card and other revenue surged 39% due to greater product adoption.
To protect shareholders from dilution, Wise plans to reduce the share purchases by its Employee Benefit Trust, addressing legacy stock-based compensation equivalent to roughly 25 million shares.
The company has also reaffirmed its reclassification under the FCA’s overhauled UK listing regime, officially shifting to the Equity Shares Category as of July 2024.
