April 13 (Reuters) - British fintech group Wise said on Monday cross-border transaction volumes rose 26% in the fourth quarter to 49.4 billion pounds ($66.2 billion), supporting its expectation that
UK fintech firm Wise's quarterly cross-border volumes surge ahead of Nasdaq debut
Wise Reports Strong Financial Performance and Prepares for Nasdaq Listing
Quarterly Cross-Border Transaction Volumes
April 13 (Reuters) - British fintech group Wise said on Monday cross-border transaction volumes rose 26% in the fourth quarter to 49.4 billion pounds ($66.2 billion), reinforcing its expectation that annual profit margins will land near the top end of its forecast range.
Upcoming Dual Listing and Nasdaq Debut
The money transfer firm said it expects to complete its planned dual listing this quarter, with trading on the Nasdaq set to begin on May 11.
Adoption of U.S. GAAP Accounting Standards
As part of efforts to access broader capital markets, Wise added it will report its fiscal 2026 results in U.S. dollars under U.S. GAAP accounting standards.
Growth in Income and Customer Base
The cross‑border payments firm said that underlying income rose 24% during the quarter to 435.3 million pounds, supported by a 22% increase in active customers to to 11.3 million.
Profit Margin Forecast
Wise has forecast an underlying pretax profit margin of 13-16% for the year, including costs for the dual listing.
Exchange Rate Information
($1 = 0.7458 pounds)
Reporting Credits
(Reporting by Neeshita Beura in Bengaluru; Editing by Sumana Nandy and Sherry Jacob-Phillips)
