business
Wise Reports 25 Percent Revenue Rise to 714 Million Dollars in Quarter to June
Wise posted net revenues of 714 million dollars for the quarter ending June 2026, up 25 percent from a year earlier. Active customers increased 21 percent to 11,863 while holdings rose 31 percent to 41.2 billion dollars. The company also faces a Belgian money laundering investigation.
Jul 17, 3:10 AM·1m read1 source
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Wise reported net revenues of 714 million dollars for the quarter ending June 2026, according to The Independent. The figure marked a 25 percent increase from the same period a year earlier and a 7 percent gain from the prior three months. Active customers rose 21 percent to 11,863.
Customer holdings grew 31 percent to 41.2 billion dollars. Kristo Kaarmann, co-founder and chief executive, said almost 12 million people and businesses used Wise to move 69.3 billion dollars during the quarter. He added that the rise in holdings showed more customers are trusting Wise for their everyday money.
The company switched its primary listing from London to New York in May 2026. For the most recent full year, pre-tax profits fell 8 percent while operating expenses rose 39 percent. Revenues for the year increased 19 percent.
Wise expects revenue growth in the middle of its 15 percent to 20 percent target range for the year ahead, with profitability near the top end of guidance. The Independent reported that Wise is under investigation by Belgian authorities over money laundering concerns involving more than 400 million pounds in transactions. Its European business is based in Belgium.
The company's stock price fell by nearly a fifth on the day after it confirmed the Belgian prosecutor had lodged queries.
