Wise (LSE:WISE) said Q4 trading accelerated across volume, customers and balances, with quarterly cross-border volume at £49.4bn, up 26% year‑on‑year (27% on a constant currency basis), and 11.3m active customers in the quarter (+22% YoY).
Customer holdings climbed 37% to £29.4bn and card and other revenue rose 29% YoY, the company said. Underlying income for Q4 was £435.3m, up 24% YoY on both a reported and constant currency basis.
For the full year FY26 Wise reported 18.9m active customers (+21% YoY), cross‑border volume of £181.7bn (+25% YoY) and underlying income of £1,609.2m on a reported basis (19% higher to £1,619.7m on a constant currency basis).
Wise Business continued to scale: active business customers in the quarter reached 572,000 (+26% YoY) as business volumes grew 35% YoY. The group’s cross‑border take rate fell 1 basis point in the quarter to 51bps (from 53bps a year earlier), which Wise said "reflects a balanced approach to investing in price and the business to support long‑term growth."
The company reiterated that it continues to expect FY26 underlying PBT margin to be towards the top of the 13–16% range, "including costs related to the Dual Listing," and confirmed FY26 results will be presented in USD and in accordance with US GAAP, reflecting the expected completion of the Dual Listing this quarter.
"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 co-founder and CEO Kristo Käärmann.
"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."
