Wise (WISE) Q1 2026 TU earnings summary

Executive summary

• Achieved a strong start to FY26 with cross-border volume up 24% year-over-year to £41.2bn and customer holdings up 31% to £22.9bn.

• Active customers reached 9.8 million in Q1, a 17% increase year-over-year.

• Launched Wise Business in the Philippines and expanded Wise Platform partnerships with Raiffeisen Bank and UniCredit.

• Announced a proposal for dual listing shares in the US and UK to accelerate growth and align stakeholder interests.

Financial highlights

• Underlying income rose 11% year-over-year to £362.0m in Q1 FY26, or 14% on a constant currency basis.

• Cross-border take rate declined by 12bps year-over-year to 0.52%, reflecting lower average prices and a higher share of large-volume customers.

• Card and other revenue increased 29% year-over-year to £103.3m.

• Underlying interest income grew 28% year-over-year to £43.9m.

Outlook and guidance

• Expects strong underlying income growth for FY26, in line with medium-term guidance of 15-20% on a constant currency basis.

• Targeting an underlying profit before tax margin of 13-16% in the medium term, with FY26 expected near the top of this range.