Wise has seen its share price increase by over 4%, despite recording an almost 8% year-on-year profit drop in the year to 31 March, totalling $660.4m.

The Estonian-British financial technology firm reported that in this period, its revenue rose by 19% to $2.5bn, which is at the top end of its medium-term target, while its operating profit dropped by 18% to $590.7m.

The firm said that its number of active customers increased by 21% to 19 million in the last financial year, driving a 31% increase in cross-border volume to $243bn. More customers are also using Wise for their daily financial needs, holding $39bn in their accounts, which marks a 40% annual increase.

Wise added that it has increased its competitive advantage through its infrastructure with two new direct connections to domestic payment systems in Brazil and Japan, and has also continued its global expansion with new license approvals in South Africa, the UAE and Thailand.

As part of its update, it has announced a new $500m share purchase programme, of which 40% will be allocated to its recurring employee share trust share purchase program, which allocated $470m to purchase almost 36 million shares in the last financial year.

In its outlook, Wise has reiterated its medium term targets of net revenue compound annual growth rate of between 15% and 20%, with its profit margin also falling in the same range.

In the current financial year, it expects its profit margin to be at the top of its 20 to 25% range.

Co-founder and CEO at Wise, Kristo Käärmann, concluded: "Over the last year we added new licenses, direct connections, launched new product features and added Wise Platform partners as we progressed on our mission. We went live with two new direct connections in Brazil and Japan, gained new license approvals in South Africa, UAE and Thailand, rolled out Assets to Brazil and added partners including Raiffeisen Bank and UniCredit.

"These investments helped us drive even better customer outcomes and support 19 million people and businesses move $243bn across the world last year. Our customers benefited from our low pricing, with an average take rate of just 52bps, and instant payments, with 75% of our Q4 payments globally completed in under 20 seconds. And with new features and continued global expansion, more people and businesses are also choosing the Wise account for their everyday use. Customer holdings grew 40% in FY26 to $39bn and card spend grew 37% to $44bn.

"With $43trn moved across borders by people and businesses every year, we remain focused on the opportunity ahead and building 'the' network for the world's money."

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