UK fintech firm Wise's quarterly cross-border volumes surge ahead of Nasdaq debut

• Cross-border volumes reached 49.4 billion pounds in Q4, up 26%, while underlying income grew 24% to 435.3 million pounds
• Active customers increased 22% to 11.3 million, supporting the company's growth trajectory
• Wise expects underlying pretax profit margin of 13-16% for the year and will begin Nasdaq trading on May 11 as part of its dual listing strategy

Summary: Wise Q4 Results and Nasdaq Listing Plans

Key Financial Performance:

British fintech firm Wise reported strong fourth-quarter results, with cross-border transaction volumes surging 26% to £49.4 billion ($66.2 billion). Underlying income increased 24% to £435.3 million, while active customers grew 22% to 11.3 million.

Profitability Outlook:

The money transfer company expects its annual underlying pretax profit margin to land near the top end of its 13-16% forecast range for the year, despite including costs associated with its upcoming dual listing.

Nasdaq Debut:

Wise announced its planned dual listing will be completed this quarter, with trading on the Nasdaq set to commence on May 11. This marks a significant expansion for the London-listed fintech as it seeks broader access to capital markets.

Reporting Changes:

In conjunction with the U.S. listing, Wise will transition its fiscal 2026 financial reporting to U.S. dollars and adopt U.S. GAAP accounting standards, moving away from British pounds and UK reporting standards.

Market Implications:

The robust quarterly performance demonstrates continued strong demand for Wise's cross-border payment services, positioning the company favorably ahead of its Nasdaq debut. The dual listing strategy reflects growing confidence in international expansion and could provide enhanced liquidity and access to a deeper investor base. The 22% customer growth indicates successful market penetration in the competitive fintech payments sector, while maintaining healthy profit margins despite listing-related expenses signals operational efficiency and scalability.