Wise Shares Rise 6% After Publishing The Newest Forecast
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Money transfer company Wise recently saw a sharp 6% surge in the price of its shares. The move came in early morning trading after Wise posted preliminary figures before its capital markets day event.
The company is scheduled to publish its results for the full year later on, in June 2025. However, these preliminary figures say that it expects to post 21% growth in active customers, which would bring the figure to a total of around 15 million users.
On top of that, it expects its underlying income to surge by 16%, taking it to 1.4 billion pounds in proceeds. Commenting further, Wise stated that its pre-tax profit margins are at the top end of guidance. Its underlying income growth should hit the 15%-20% range in the 2026 fiscal year.
Meanwhile, it is also expecting to reach a healthy underlying Profit Before Tax (PBT) margin of 13-16%.
Wise Continues to Improve and Expand Its Service
Wise has seen plenty of usage over the past 14 years, and its records show that it moved approximately half a million pounds in cross-border trading during that time, all on behalf of its customers. In fact, it has managed to win the customers’ trust to the point where it is now trusted enough to hold as much as £20 billion in user money.
Along the way, the firm heavily invested in its infrastructure, seeking to gain direct access to payment rails in several key markets around the world, with one of the latest to go live being Japan. Japan is quite strict when it comes to financial services, which are heavily regulated in the country. Wise’s success in entering this market speaks volumes about the state of its infrastructure, technology, and security.
It is also worth noting that in its first-half results presentation last November, the company’s co-founder and CEO, Kristo Kaarmann, stated that Wise has set its sights on crossing the billion-pound transaction processing barrier. It also intends to start moving pounds in trillions across the globe.