Wise has reported strong growth in cross-border transaction volumes as it prepares to shift to a primary US stock market listing.
In a trading update, the London-founded fintech said quarterly cross-border volume rose 26% year on year to £49.4bn ($66.8bn) in Q4 FY26. It reported 11.3 million active customers in the quarter, up 22% from a year earlier.
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The update comes as Wise moves to transfer its primary listing to the US while maintaining a secondary listing on the London Stock Exchange.
The company said it remains on track to complete the dual listing “this quarter”, with an expected Nasdaq listing date of 11 May 2026. A registration statement has been filed with the US Securities and Exchange Commission, but has not yet been declared effective.
Growth was also supported by increased adoption of the Wise account. Customer holdings rose 37% to £29.4bn, while card and other revenue increased 29% year on year.
Underlying income for the quarter climbed 24% to £435.3m, from £350.4m in Q4 FY25.
Wise’s business segment continued to expand, with active Wise Business customers up 26% year on year to 572,000, while business volumes rose 35%.
For the full fiscal year, Wise said active customers increased 21% to 18.9 million, helping drive a 25% rise in cross-border volume to £181.7bn.
Wise chief executive and co-founder Kristo Käärmann said: “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.
“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 added that its FY26 results will be presented in US dollars and under US GAAP, rather than pounds and IFRS, reflecting the expected completion of the dual listing.
