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Highlights

  • Wise’s H1FY25 revenue rose 18.8% YoY to GBP 591.9 million, driven by 25% growth in active customers
  • Profit for the period increased 54.6% YoY to GBP 217.3 million, supported by higher interest income
  • Q4 FY25 cross-border volume grew 28% YoY to GBP 39.1 billion, with active customers up to 9.3 million
  • Management expects PBT margin to normalise to 13–16% in H2 FY25 after price investments in H1
  • Wise reaffirmed 15–20% medium-term income growth guidance, backed by product expansion and rising customer balances

Wise PLC (LSE:WISE) is a global technology company listed on the London Stock Exchange. It provides cross-border money transfer services. Wise serves both personal and business customers across Europe, the UK, Asia-Pacific, North America, and other international markets.

Wise reported revenue of GBP 591.9 million in the first half of the financial year 2025 (H1FY25), an 18.8% increase YoY, supported by a 25% rise in active customers. Underlying operating profit grew by 52.1% YoY to GBP 156.5 million due to cost efficiency improvements. Profit for the period rose 54.6% YoY to GBP 217.3 million, supported by higher interest income, partly offset by increased tax expense.

Operational performance was marked by higher customer engagement across personal and business segments. Efficiency improvements, including a 5% decrease in cost of sales and a 30% reduction in credit losses, contributed to improved profitability and business scalability.

Recent Business Update

As per the company’s latest trading update, cross-border volume rose 28% YoY in the fourth quarter (Q4FY25) to GBP 39.1 billion, supported by a 17% YoY increase in active customers to 9.3 million. For the full year, volume grew 23% YoY to GBP 145.2 billion, while active customers reached 15.6 million, reflecting continued platform adoption.

Underlying income for Q4FY25 increased 13% YoY to GBP 350.4 million. This contributed to full-year FY25 underlying income of GBP 1.36 billion, up 16% YoY (18% in constant currency). Preliminary underlying profit before tax (PBT) margin was approximately 20%, above the 13–16% target range.

Company Outlook

The company’s management expects the underlying PBT margin to return to the 13–16% target range in H2FY25, down from 22.2% in H1, reflecting price investments aimed at boosting customer retention and future volume growth. With eight direct payment integrations live or underway in markets like the Philippines, Brazil, and Japan, Wise aims to improve efficiency, speed, and cost-effectiveness. The company also reaffirmed its medium-term underlying income growth target of 15–20%, backed by a growing customer base, increased product adoption, and a 20% YoY rise in customer balances to GBP 14.7 billion.

Top 10 Shareholders

The top 10 shareholders of Wise collectively hold approximately 46.7% of the company's total shares. Kristo Käärmann is the largest individual shareholder with around 18.23%, followed by Andreessen Horowitz, which holds about 8.63%, as shown in the chart below.

 Stock Information

Over the past three months, Wise’s stock has declined by approximately 10.76%. It has traded between a 52-week low of GBX 558.00 and a high of GBX 1,140.00. As of 01 May, the stock closed at GBX 995.00, above the midpoint of its 52-week range.

Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 01 May 2025. The reference data in this report has been partly sourced from EODHD/Others.

 Technical Indicators Defined

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.