Wise Plc (LON:WISEa) reported robust fourth-quarter results on Monday, with cross-border transaction volumes and underlying income rising materially year-on-year as the London-headquartered payments business prepares for a scheduled U.S. listing.
For Q4 FY26, cross-border volume climbed to A349.4 billion, up from A339.1 billion in the same quarter a year earlier, representing a 27% rise. Underlying income for the quarter was A3435.3 million, compared with A3350.4 million in Q4 FY25, a 24% increase.
The company said the quarter saw a small decline in the cross-border take rate, which fell by one basis point to 51 basis points. That metric has decreased from 67 basis points in Q4 FY24, a change Wise attributed to a "balanced approach to investing in price and the business to support long-term growth."
Looking at full-year FY26 figures, Wise reported a 21% increase in active customers, taking that total to 18.9 million. Annual cross-border volume rose 25% to A3181.7 billion. On a reported basis, FY26 underlying income reached A31,609.2 billion. The company also noted that the share of instant transfers increased to 75% in Q4 FY26 from 65% in Q4 FY25.
Customer balances were A322.6 billion at the end of Q4, up from A317.1 billion a year earlier. In the quarter, card and other revenue expanded 29% year-on-year to A3130.2 million.
Business customer metrics also showed marked growth. Wise Business active customers rose 26% year-on-year to 572,000 in Q4, and business cross-border volume grew 35% compared with the prior year quarter.
"We are making good progress on building the network for the worlds money," said Co-founder and chief executive Kristo K E4 E4rmann in a statement. "In January, we became one of the first payment institutions to be granted membership to Payments Canada, paving the way to direct access there."
K E4 E4rmann also noted that the company formally launched its UK current account and opened a branch on Regent Street in London last month.
On profitability and listing plans, Wise said it continues to expect FY26 underlying profit before tax margin to be towards the top of its target range, excluding costs related to the dual listing.
With respect to the U.S. listing, the company confirmed that a Registration Statement has been filed with the U.S. Securities and Exchange Commission but has not yet been declared effective. Wise said it expects to complete the dual listing this quarter, targeting May 11 as the date for the primary listing to move to the United States while maintaining a secondary listing on the London Stock Exchange.
The results show simultaneous operational expansion across customer balances, transaction volumes and revenue lines as the firm pursues broader market access through a planned move of its primary listing to the U.S.