Wise plc (WISE) saw its shares climb 4.73% in London trading after the payments firm confirmed it remains on track to shift its primary listing from London to Nasdaq on May 11. The company also released a trading update for the fourth quarter of fiscal year 2026 that surpassed market consensus expectations.
In the three months ending in March, underlying revenue rose 24% year-over-year to £435.3 million ($583.5 million), exceeding analyst estimates of £428.7 million. For the full fiscal year, cross-border transaction volume reached £181.7 billion, marking a 25% increase, while active customers grew by 21% to nearly 18.9 million.
Additionally, Wise has applied to establish a U.S. national trust bank. This license would grant the company direct access to the Federal Reserve's payment system and reduce its reliance on intermediary banking partners. CEO Kristo Käärmann stated that the listing "will further elevate" Wise's presence in the United States. The company aims to partner with more than 4,000 U.S. banks and currently employs over 750 people, including 450 based in Austin.
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