Wise Reports Revenue Jump as Pre-Tax Profit Falls on Rising Costs and Buybacks

Overview

• Wise published full-year results on June 26, 2026 showing revenue rose about 19% to $2.5bn while pre-tax profit fell roughly 8% to $660m as costs surged.
• Operating and other costs climbed about 39% to $1.9bn driven by higher transaction expenses, bigger technology investment, expanded marketing and a new Jersey parent after the US listing.
• The company completed an Employee Share Trust repurchase of 35.9m shares for $473.4m ahead of its May Nasdaq primary listing and announced a further share buyback programme expected to exceed $500m.
• Belgian prosecutors are pursuing an active probe into roughly €500m of flagged transactions tied to Wise’s Brussels operations and the firm increased legal and regulatory provisions to $23.8m.
• Scale metrics underpinning growth included a 31% rise in cross-border volumes to $243.5bn, a 40% increase in customer balances to $39bn and 21% growth in active users to about 19 million, set against earlier compliance steps from 2022 and a 2025 US state settlement.