Wise (WISE) Owners Day 2025 summary

Strategic vision and market opportunity

• Aims to become the global network for cross-border money movement, targeting the £32 trillion market and expanding to trillions in volume over the long term.

• Focuses on disrupting the £170 billion annual revenue pool banks collect from hidden cross-border fees, with significant market share already in key corridors.

• Strategy centers on building a unique, scalable infrastructure with direct payment system connections, global licenses, and in-house technology.

• Plans to invest an additional £2 billion in infrastructure over the next two years to maintain a competitive edge.

• Sees Wise Platform as the long-term driver to access the majority of global cross-border flows by partnering with banks and platforms.

Product and infrastructure development

• Infrastructure comprises direct payment system connections, regulatory licenses, proprietary technology, and global operations, enabling instant, low-cost payments with 65%+ instant transactions and 99.9% uptime.

• Over 70 licenses, 90+ bank partners, and 850+ engineers support a network processing 2.5 million transactions daily.

• Direct connections in markets like the UK, Europe, Singapore, Australia, Philippines, and soon Brazil and Japan, allow for faster, cheaper, and more reliable payments.

• Wise Account adoption is high, with nearly half of personal and 60% of business customers using it, driving 66% income growth in this segment.

• Wise Business serves 600,000 businesses in 79 countries, contributing 23% of revenue, with ongoing investment in features for SMBs and workflow integration.

Financial performance and guidance

• FY25 saw 15.5 million active customers (+21%), £145 billion cross-border volume (+22%), and £1.36 billion underlying income (+16%).

• Underlying income has grown at an average of 34% per year since listing, outpacing volume growth due to product expansion and diversification.

• Medium-term guidance targets 15%-20% underlying income growth and 13%-16% profit before tax margin, with FY26 expected at the top of this range.

• Free cash flow conversion exceeds 100%, supporting a disciplined capital allocation framework, including a new £250 million share buyback and ongoing investment in growth.

• Wise Platform currently represents 4% of cross-border volume, expected to reach 10% in the medium term and become the majority of volume long term.