Wise moved
£47.4 billion in cross-border transactions during its third fiscal quarter, a
26% jump from the same period last year as the London-based payments company
continued adding customers and expanding its infrastructure footprint.

The publicly listed firm (LSE: WISE) served 10.9 million active customers in the three months ended December 31, 2025, up 20% year over year. Customer holdings climbed 34% to £27.5 billion,
while card revenue and other non-transfer income rose 30%.

Wise Business Segment
Outpaces Consumer Growth

Wise
Business volumes grew 37% year-over-year, nearly double the 21% growth rate for
personal accounts. The business segment now has 542,000 active customers, a 25%
increase from last year.

The
company’s take rate on cross-border transactions held steady at 52 basis points
during the quarter, down from 56 basis points a year earlier. Wise said the
decline reflects its focus on long-term growth investments rather than
maximizing short-term margins.

“We
delivered 74% of payments instantly, up nine percentage points year-on-year.
This is a clear benefit of our continued focus on infrastructure – our
licences, integrations, technology and operations,” said Kristo Käärmann,
co-founder and chief executive officer.

Q3 Performance Highlights

Infrastructure Push Drives
Faster Transfers

Three-quarters
of Wise payments now complete instantly, up nine percentage points from Q3 last
year. The company recently completed its
direct connection to Japan’s Zengin payment system, becoming the first non-bank in the country to
join the network. Wise now connects directly to eight domestic payment systems
globally.

The company
launched a travel card in India last month, attracting more than 75,000
customers to its waiting list within four weeks. Wise also introduced Google
Pay integration in the Philippines, making it the first non-bank to offer the
service there.

In
December, Wise received conditional
license approval to operate in South Africa, marking its first license on the African
continent. The payment service is widely used by CFD and forex brokers
including Forex.com, TMGM, and XM.

Profit Margin Forecast
Rises

Underlying
income reached £424.4 million in Q3, up
21% from the prior year on both reported and constant currency bases. For
the nine months ended December 31, underlying income grew 17% on a constant
currency basis.

Wise
expects full-year underlying income growth to land around the middle of its
15-20% guidance range. The company now projects its full-year underlying profit
before tax margin will come in toward the top of its medium-term target range
of 13-16%, including costs related to its planned dual listing.

The
firm announced
plans last June to add a primary US listing while maintaining its London Stock
Exchange presence. The dual listing is expected to complete in the first half
of 2026. The company’s
first-half profit declined due to rising expenses, though revenue continued growing during
that period.

This article was written by Damian Chmiel at www.financemagnates.com.

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