Wise plc (WISE) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello from WISE and welcome to our FY26 results call, our first time presenting financial results since the completion of our dual listing. I'm Martin Adams, Head of Owner Relations. Joining us today are our co-founder and CEO, Kristo Kaarmann, and our CFO, Emmanuel Thomassin. We'll start with opening comments from the team and then we'll be happy to answer your questions. If you'd like to ask a question, then please raise your hand in the Zoom webinar. Before we begin let me quickly cover the safe harbour. During this call we will be making certain forward looking statements that involve risks, uncertainties and other factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors are detailed in our results materials and our SEC filings. All forward-looking statements are based on current assumptions, estimates and beliefs, and we undertake no obligation to update any forward-looking statements except as required by law. Thank you, and now I'll turn it over to Kristo. Thanks Martin, and hi everyone. Hi everyone, thanks for joining us. I'm going to start with financial and customer highlights from the year. and then I'll hand over to Emmanuel who will go into the detail of the numbers. So starting with financials, our net revenue grew by 19% to $2.5 billion in financial year 26. After allowing for the cost to serve our customers and the investments in future growth, the income before tax margin was 26%. These numbers are in line with the median term guidance ranges we set out ahead of the US listing. So, let's take a look into what's driving this growth. In FY26, we helped 19 million customers to move $243 billion internationally. This was 31% more cross-border volume than the year before. and our cust...