Wise Targets Nasdaq Listing in May After 24% Q4 Income Growth
Wise reports 24% Q4 income growth and prepares for Nasdaq listing in May 2026, with cross-border volumes rising 26% and the customer base expanding significantly.
Tripti Srivastava 
Global fintech firm is preparing to shift its primary stock market listing to Nasdaq in May 2026 after reporting a 24% year-on-year increase in quarterly underlying income to £435.3 million, alongside a 26% rise in cross-border transaction volumes during the fourth quarter of its financial year.
The company confirmed that it will move its main listing from London to the United States while retaining a secondary listing on the London Stock Exchange. The transition marks a strategic step aimed at expanding access to deeper capital markets and improving visibility among US-based investors.
Q4 Performance Highlights
Wise reported strong operational momentum in the fourth quarter ended March 2026, driven by sustained growth across its core payments business. Cross-border transaction volumes reached £49.4 billion, representing a 26% increase year-on-year, or 27% growth on a constant-currency basis.
The fintech firm also recorded significant user growth, with active personal customers rising 22% to 11.3 million. Business customers expanded at an even faster pace, increasing 26% to 572,000, while business-related transaction volumes surged 35% during the quarter.
Underlying income for the period rose to £435.3 million, reflecting a 24% increase compared to the same quarter last year. The growth was consistent across both reported and constant-currency measures, indicating stable operational performance despite currency fluctuations.
For the full financial year 2026, Wise reported continued expansion across key metrics. Total active customers reached 18.9 million, up 21% year-on-year, while cross-border transaction volumes climbed 25% to £181.7 billion.
Annual underlying income stood at £1,609.2 million, marking an 18% increase on a reported basis and 19% growth at constant currency. The company noted that its cross-border take rate declined slightly to 51 basis points, reflecting ongoing investments in pricing strategies and product development to support long-term growth.
Product Growth and Customer Balances
Wise highlighted strong traction in its account-based services, with customer balances rising 37% to £29.4 billion. Revenue from card-related and other services also grew by 29%, underscoring diversification beyond its core transfer business.
The company indicated that increased adoption of its Wise Account product is contributing to higher engagement, with users relying on the platform for everyday financial activities, including payments, savings, and investments.
The planned Nasdaq listing follows shareholder approval secured in July 2025 after the proposal was first introduced in June 2025. The move is expected to position Wise closer to its largest growth market while improving liquidity and access to institutional capital.
As part of the transition, the company will begin reporting its financial results in US dollars under US GAAP, aligning its reporting framework with US market standards. A registration statement has already been filed with the US Securities and Exchange Commission, with the listing scheduled for May 11, 2026.
The fintech firm stated that the dual-listing approach will allow it to maintain its presence in London while leveraging the scale and investor base of US markets.
Market Context and Strategic Direction
The listing shift reflects a broader trend among high-growth fintech firms seeking higher valuations and deeper investor pools in US equity markets. Wise emphasised that the move is aligned with its long-term objective of building a global network for international money transfers.
The company also pointed to recent operational developments, including joining Payments Canada and launching a UK current account with a physical presence in London, as part of its broader expansion strategy.
Wise expects its underlying profit-before-tax margin to remain at the upper end of its guided 13–16% range for the full year, even after accounting for costs associated with the listing transition.
The company’s upcoming full-year results, to be presented under US reporting standards, will provide further clarity on its financial position as it prepares to enter the US public markets.
