April 13 (Reuters) – British fintech group Wise said on Monday cross-border transaction volumes rose 26% in the fourth quarter to 49.4 billion pounds ($66.2 billion), reinforcing its expectation that annual profit margins will land near the top end of its forecast range.
The money transfer firm said it expects to complete its planned dual listing this quarter, with trading on the Nasdaq set to begin on May 11.
As part of efforts to access broader capital markets, Wise added it will report its fiscal 2026 results in U.S. dollars under U.S. GAAP accounting standards.
The cross‑border payments firm said that underlying income rose 24% during the quarter to 435.3 million pounds, supported by a 22% increase in active customers to to 11.3 million.
Wise has forecast an underlying pretax profit margin of 13-16% for the year, including costs for the dual listing.
($1 = 0.7458 pounds)
(Reporting by Neeshita Beura in Bengaluru; Editing by Sumana Nandy and Sherry Jacob-Phillips)
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