Stock Market

Story: Wise Eyes Nasdaq Switch After Moving £181.7 Billion Across Borders

By James Thorp

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Why the Nasdaq Move Matters. Wise's CEO Kristo Käärmann laid out the Nasdaq plan back in June 2025.

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Interest Rate Sensitivity and Competition. Wise estimates that a 25 basis point shift in central bank rates could swing net interest income…

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Platform Expansion and Reporting Changes. Wise Platform's partner count crossed 85. Morgan Stanley and Standard Chartered are big names…

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Wise just wrapped a big year. The London fintech shifted £181.7 billion in cross-border payments during fiscal 2026, up 25% from the year before.

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The final quarter alone saw cross-border volumes hit £49.4 billion, a 26% jump. Underlying income for those three months reached £435.3 million, up 24%.

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Wise's CEO Kristo Käärmann laid out the Nasdaq plan back in June 2025. Shareholders approved it last July.

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The company will start reporting fiscal 2026 results in US dollars under US GAAP. No more "underlying" profit metrics.

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Customer balances grew 37% to £29.4 billion. That's a huge number. Wise earns interest income on those safeguarded funds, and it's become a big part of the business model.

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Wise estimates that a 25 basis point shift in central bank rates could swing net interest income by around $40 million annually. That calculation is based on $26.

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The competitive landscape is getting crowded. Revolut just expanded into 14 new payment corridors across nine African countries.

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Wise's strategy depends on scale and fee compression. The company keeps cutting prices as volumes grow, betting that more transactions at lower margins will beat fewer…

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The fintech maintains its medium-term guidance of a 15%-20% net revenue CAGR target in constant currency. Income-before-tax margin target sits at 15%-20%.

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Instant transfers are a big deal for Wise. That 75% figure shows customers want speed, and Wise delivers it.

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See also: Sberbank Eyes Crypto Trading for 110 Million Customers as Russia Shapes Digital Asset Rules

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Customer holdings at £29.4 billion represent a 37% increase. That's not just payment flows passing through.

The Currency Analytics

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