Wise has provided a trading update for its Q4 2026 results, equivalent to calendar Q1 2026, that sees the company continue to report strong growth, while also providing a date for its transfer to a primary listing on the Nasdaq as part of a dual listing in the US and UK.
Having first announced plans for a dual listing in June 2025, Wise has now confirmed that it is set to begin trading on the Nasdaq on 11 May this year. This will also see the company transition from aligning with International Financial Reporting Standards (IFRS) to US Generally Accepted Accounting Practice (GAAP), including presenting its results in USD rather than the current GBP. It is thought that its complete FY 2026 results, which have a financial year-end of 31 March 2026, are to be the first reported using US GAAP, although the company has already provided restatements for FY 2024, FY 2025 and H1 2026 under the system.
In the interim, Wise has shared a trading update for its Q4 2026 results in GBP, which portray a company that is continuing to see strong growth across a variety of metrics. Income has increased 24% year-on-year to reach £435m for the quarter. While the company’s money transfers business remains a key component of this, accounting for 58% of income, revenue from its additional products, most notably Wise Account, now accounts for 30% of income, up from 29% a year ago and 23% two years ago. Interest income, meanwhile, has retained a consistent share of 12% for the last five quarters.
On the money transfers side, send volume has increased for both Personal and Business customers to produce an overall growth rate of 26% YoY to £49.4bn. However, while Business is still smaller than Personal, at 29% of send volume, it saw a faster growth rate, at 35% compared to Personal’s 23%. Business customers also have seen a greater increase in the amount sent, with their average send volumes increasing 7% YoY compared to Personal’s 1%, with Business also seeing a faster rate of growth in active customers, at 26% compared to Personal’s 21%.
However, the more nascent Wise Account product shows a slightly different trend. Overall, customer balances have grown 33% YoY to £22.6bn. However, the split between Business and Personal accounts has evolved significantly over the past few years, from a 50/50 split in financial Q1 2023 to Personal accounting for 63% in Q4 2026.
This has been driven by a higher rate of growth, with Personal increasing 34% YoY while Business grew by 30%, aided by an increased focus from Wise on its Personal offering in this area. At the end of March, for example, Wise launched a full current account product in the UK, targeting consumers with international needs that sees it more directly challenge neobank players such as Monzo and Revolut.
