Wise has reported a significant quarterly income increase, boosting investor confidence.
- The fintech’s income rose to £337 million, a 17% jump from the previous year.
- Key regulatory approvals in India and Australia have supported Wise’s growth strategy.
- Despite success, Wise’s shares remain below their 2021 peak of 1,140p.
- Active customer numbers have increased by 23%, reaching 8.9 million.
Wise, the well-established fintech firm listed in London, has demonstrated a noteworthy performance in its recent quarterly report, enhancing confidence among investors. The company has revealed a substantial income increase to £337 million for the second quarter of the 2025 financial year, marking a 17% rise compared to the same period in the previous year.
In a statement, Wise’s CEO, Kristo Karmään, expressed satisfaction with the quarter’s results while acknowledging that the firm’s growth strategy requires time to fully materialise. Regulatory advancements such as the removal of transfer caps in India and the acquisition of a financial services licence in Australia have been instrumental in bolstering their growth trajectory.
Moreover, despite the robust quarterly performance, Wise shares have yet to reach their peak value of 1,140p recorded in 2021. The shares had shown a positive trend during the early months of 2024 but faced a downturn in June.
According to the company’s update, the number of active customers has seen a significant increase of nearly 23% from the previous year, reaching a total of 8.9 million customers. This indicates a strengthening customer base and growing service adoption.
Wise experienced a significant revenue surge of 212% for the year ending 31 March 2024, despite this, the resulting financials led to a share decline of approximately 15% as revenue figures fell short of analysts’ predictions. This marked the second consecutive share drop following unsatisfactory outcomes in the fourth quarter of 2024.
Looking forward, Wise maintains its expectation for underlying income growth of between 15% and 20% by the close of 2025, aligning with their latest forecasts. Currently, Wise shares are valued at 717.5p.
Wise’s recent quarterly growth reflects strong financial progress and strategic positioning, despite shares not yet reaching their historical highs.
