UK Fintech Wise Sees Quarterly Cross-Border Volumes Soar Before Nasdaq Debut

• Cross-border volumes grew 26% to 49.4 billion pounds while underlying income rose 24% to 435.3 million pounds in Q4
• Active customers increased 22% to 11.3 million during the quarter
• Wise forecasts underlying pretax profit margin of 13-16% for the year, with Nasdaq trading set to commence May 11

Summary

Key Developments:

British fintech company Wise reported strong Q4 performance ahead of its upcoming Nasdaq dual listing, scheduled to begin trading on May 11. Cross-border transaction volumes surged 26% year-over-year to £49.4 billion ($66.2 billion), while underlying income increased 24% to £435.3 million.

Financial Performance:

The money transfer firm added 22% more active customers, reaching 11.3 million total users. Based on these results, Wise expects its annual pretax profit margin to land near the top end of its 13-16% forecast range for the year, even after accounting for dual listing expenses.

Strategic Moves:

As part of its dual listing initiative, Wise will transition to reporting its fiscal 2026 results in U.S. dollars using U.S. GAAP accounting standards, signaling its intent to access broader American capital markets and appeal to U.S. investors.

Market Implications:

The robust growth figures demonstrate sustained demand for cross-border payment solutions and validate Wise's competitive position in the fintech payments sector. The 26% volume growth outpacing the 22% customer growth suggests increasing transaction frequency or size per customer, indicating deeper platform engagement. The planned Nasdaq listing will provide Wise with enhanced liquidity and visibility in the world's largest capital market, potentially supporting future expansion and acquisition opportunities. The strong performance ahead of the dual listing could generate positive momentum for the stock's U.S. market debut in May.