Wise (WISE) Q3 2026 TU earnings summary

Executive summary

• Quarterly cross-border volume rose 25% year-over-year to £47.4bn, with 10.9 million active customers, up 20% year-over-year.

• Customer holdings increased 34% to £27.5bn, and card and other revenue grew 30% year-over-year.

• Wise Business active customers grew 25% year-over-year to 542,000, with business volumes up 37%.

• 74% of payments were delivered instantly, a 9 percentage point increase year-over-year.

• New product launches included the Wise travel card in India and Google Pay integration in the Philippines; secured a conditional license in South Africa and direct integration with Japan's Zengin system.

Financial highlights

• Underlying income for Q3 FY26 was £424.4m, up 21% year-over-year on both reported and constant currency bases.

• Card and other revenue reached £127.4m, up 30% year-over-year.

• Underlying interest income (first 1% yield) was £51.6m, up 33% year-over-year.

• Cross-border take rate was 0.52%, down from 0.56% a year ago.

Outlook and guidance

• Underlying income growth for FY26 is expected to be around the middle of the 15-20% guided range.

• Underlying profit before tax margin for FY26 is now expected towards the top of the 13-16% range, including dual listing costs.

• Dual listing expected to complete in H1 2026, aiming to boost US profile and global growth.