Wise Plc Soars on US Listing Plans and Strong Earnings

Wise Plc's stock price saw a significant increase, its largest in over seven months, after the money-transfer firm announced upbeat earnings guidance and confirmed its intention to move its primary stock market listing to the United States in the first half of 2026. The fintech company reported third-quarter underlying income of £424.4 million, surpassing analyst expectations, with continued customer growth fueling these results.

Looking ahead, Wise is targeting a profit-before-tax margin between 13% and 16% in the medium term, expecting to be at the upper end of this range for the current financial year. The company is actively seeking to increase its profile in the US, having applied for a directly regulated bank status. This move is expected to facilitate partnerships with over 4,000 banks across the country.

The firm's cross-border revenue rose 15% year-over-year to £245.4 million, with its customer base growing to nearly 11 million. Deposits also saw a substantial 34% increase, reaching £27.5 billion. Wise also secured a conditional license in South Africa, intensifying its competition with rivals like Revolut Ltd. For the full fiscal year, Wise anticipates administrative expenses around £1 billion, including approximately £35 million related to the dual-listing costs.