Wise Q4 underlying income up 15pc, active customer numbers grow
Financial technology business said on Tuesday that underlying income had grown in Q4 on the back of solid volume and active consumer growth.
Wise said underlying income had grown 15% year-on-year at constant currency rates to £350.4m as active customers grew 17% to 9.3m, cross-border volumes increased 28% to £39.1bn, and customer holdings rose 33% to £21.5bn.
For FY25 as a whole, active customer growth was up 21% at 15.6m, cross-border volume rose 23% to £145.2bn, and underlying income grew 16% to £1.36bn on a reported basis. On a constant currency basis, underlying income was up 18% at £1.39bn.
Wise stated that FY25 preliminary underlying pre-tax profit margins was roughly 20% and stated that for FY26, it continues to expect this to be "around the top" of its 13-16% target range.
Chief executive Kristo Käärmann said: " We continue to move closer towards achieving money without borders by investing in our long-term growth: we recently launched our popular Interest feature in Australia, helping more customers earn returns by placing their money in funds backed by government-guaranteed assets."
As of 0920 BST, Wise shares were down 0.47% at 950.50p.
Reporting by Iain Gilbert at Sharescast.com
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