Wise shares jumped as much as 5% after the London-listed fintech reported a bump in income in line with expectations. 

The cross-border payments firm, which went public in London in 2021, said in a trading update that underlying income had reached £337m for the second quarter of the 2025 financial year, a 17% increase from the same period the previous year. 

Wise CEO Kristo Karmään said the company was “pleased” with its performance in the quarter, however, warned its growth strategy will “take time to fully achieve”. 

Karmään said regulatory approvals in key markets, including the removal of transfer caps in India and the granting of a financial services licence in Australia, have been key in the company’s recent growth. 

The CEO said the company’s growth would soon see it facilitating the transfer of “trillions of cross-border” payments. 

The update also revealed the number of active customers grew by almost a quarter (23%) compared with the same period last year, reaching 8.9 million people. 

Wise shares have yet to return to their peak value of 1,140p in 2021. But they grew comfortably in the first months of 2024, before tumbling again in June. 

In its most recent full-year report, for the year ended 31 March 2024, Wise posted a 212% surge in post-tax revenue to £354.6m. 

Despite the strong performance in 2024, the results prompted a share plummet of around 15% as revenue was lower than analyst forecasts. This was the second successive share drop following an underperformance in its trading update, having previously missed expectations in its Q4 2024 trading update in April. 

In its latest update, the company said it expects underlying income growth to reach between 15% and 20% for the end of the 2025 financial year, in line with its most recent forecast. Wise shares rose to 717.5p by late-morning on Tuesday. 

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