Highlights

  • Wise records 18% rise in active customers to 13.4m during H1 FY26.
  • Cross-border volumes increase 24% YoY to GBP 84.9bn amid expanding usage.
  • Underlying profit before tax margin reaches 16.3% within stated target range.

Wise Plc (LSE:WISE) released its unaudited interim results for the six months ended 30 September 2025, reporting continued increases across customer numbers, activity and product adoption. Active customers reached 13.4m, up 18% YoY, including 12.8m personal customers and 613k business customers. The group acquired about 3.5m new active customers during the period.

Cross-border volumes rose 24% YoY to GBP 84.9bn, or 26% on a constant currency basis. Personal volumes accounted for GBP 60.9bn, up 20% YoY, while business volumes reached GBP 24bn, up 35% YoY. Customer balances increased 37% YoY to GBP 25.3bn, including nearly GBP 20bn held in Wise Accounts and more than GBP 5bn in Wise Assets.

Infrastructure and Regulatory Developments

Wise continued to expand the number of domestic payment systems it connects to directly, reaching seven live connections during the period, including Pix in Brazil. An eighth integration, Zengin in Japan, is expected to complete shortly. The company reported that 74% of transfers were completed instantly in the latest quarter.

Wise also obtained regulatory approvals from the Central Bank of the UAE, covering multiple services. The company operates over 70 licences globally and continues to undergo examinations in various jurisdictions, including a previously disclosed MMET review in the US, which concluded with a USD 4.2m penalty as part of a consent order.

Revenue, Margins and Income Mix

Revenue for H1 FY26 totalled GBP 658m, up 11% YoY. Underlying income rose 13% YoY to GBP 749.5m. Cross-border revenue increased 5% YoY to GBP 440.9m, while card and other revenue reached GBP 217.1m, up 26% YoY.

Underlying interest income (first 1% yield) grew 30% YoY to GBP 91.5m. Interest income above the first 1% yield declined 11% YoY to GBP 205.9m due to lower market yields. Total reported profit before tax was GBP 254.6m, compared with GBP 292.5m in the prior year period.

The underlying gross profit margin remained 76.2%. Underlying profit before tax margin stood at 16.3%, within the company’s published medium-term range of 13–16%.

Investment and Cost Trends

Administrative expenses increased 27% YoY to GBP 465.9m, including around GBP 11.5m related to the group’s ongoing dual-listing project. Wise expanded headcount by more than 1,000 employees in H1 FY26, with further hiring expected. Investment were directed toward servicing capacity, compliance functions, product development and financial-crime-related infrastructure.

Marketing and sales expenditure increased 59% YoY to GBP 57m, reflecting continued brand and customer acquisition initiatives across several markets. Technology and development investment totalled GBP 144m, up 18% YoY.

Share performance of WISE

WISE’s shares traded at GBX 953.00 per share on 06 November 2025, up by 0.26% from its previous close of GBX 950.50.