Wise Group plc is a London-based cross-border payments company. In FY2026 (year ended March 31, 2026) it reported net revenue of $2.50 billion and net income of $498.7 million, and on May 11, 2026 it moved its primary listing to Nasdaq under WSE.
History
Kristo Käärmann and Taavet Hinrikus launched TransferWise in London in 2011 to avoid bank markups on pound-euro conversions. A multi-currency account followed in 2017, the company renamed itself Wise in 2021, and it listed directly on the London Stock Exchange that July. In May 2026 Nasdaq became its primary venue, with London kept as a secondary listing.
How Wise makes money
Wise charges a disclosed fee on transfers and conversions at the mid-market rate; its average cross-border take rate was 0.52% in FY2026. It also earns from Wise card spending ($43.6 billion in FY2026) and interest on $39.0 billion of customer holdings, part of which it pays back to customers. Banks such as UniCredit and Raiffeisen Bank use Wise Platform to offer its payments inside their own apps.
Financials
FY2026 net revenue rose 19% to $2,502.8 million. Income before tax was $660.4 million and net income $498.7 million, both below FY2025 as spending grew. Active customers rose 21% to 18.9 million and cross-border volume rose 31% to $243.5 billion. In Q1 FY2027 net revenue grew 25% to $714.0 million on $69.3 billion of volume.
Outlook
Wise guided FY2027 net revenue growth to the middle of its 15-20% range on a constant-currency basis and an income before tax margin near the top of 20-25%. It also announced a share purchase program of more than $500 million.
