Wise Statistics: AUM, Valuation, Revenues, Number of Users & More

Wise (formerly TransferWise) is a financial technology company headquartered in London, founded in 2011. Wise was launched with a clear mission: to make international money transfers cheap, fair, transparent, and simple. Since then, the company has grown to serve more than 18.9 million active customers across 160+ countries, processing approximately $243 billion in cross-border transfers in fiscal year 2026.

In this article, we’ll examine the statistics that matter most – including Wise’s user base, revenue, valuation, transaction volumes, and other key operational metrics. By analysing these data points, we aim to provide a clear picture of Wise’s growth trajectory, its competitive positioning in the global cross-border payments market, and the company’s increasing impact on the traditional banking industry.

If you’re curious about Wise’s current statistics, continue reading for the most recent data covering fiscal year 2026 and the company’s significant 2026 strategic milestones.

Overview

Wise Payments Limited (now operating as Wise Group plc) was established in 2011 by Kristo Käärmann and Taavet Hinrikus, two Estonian entrepreneurs, with the objective of providing international money transfers without the high fees, hidden costs, and slow processing times typically associated with traditional banks. The company was originally founded as TransferWise and rebranded to Wise in 2021.

Today, Wise operates a comprehensive financial ecosystem built around three core products:

• Wise Account (consumer): the flagship multi-currency account for individuals – including expats, freelancers, travellers, and remote workers – holding over £29.4 billion in customer balances as of FY2026 (compared to just £2 billion in earlier years);
• Wise Business: a multi-currency account designed for SMEs and growing businesses operating internationally – serving 572,000+ active business customers with cross-border volumes growing 35% year-on-year;
• Wise Platform: a B2B infrastructure offering that integrates Wise’s payment rails into banks and fintechs – partners include Morgan Stanley, Standard Chartered, Nubank, Unicredit, and Raiffeisen Bank. This segment currently represents approximately 5% of Wise’s cross-border volume and is a key future growth vector.

A major milestone occurred in May 2026 when Wise completed a dual listing on NASDAQ (under the new ticker WSE) while retaining its London Stock Exchange listing (LSE: WISE). This move is designed to deepen access to US capital markets and support Wise’s significant expansion ambitions in the US cross-border payments market.

Here are some key corporate facts about Wise:

Wise users

Wise categorises an active customer as a distinctive user who has successfully executed at least one cross-currency transaction within the given year. It’s essential to distinguish between Wise’s two customer segments: Wise Account (personal) is designed for individual use – including expats, freelancers, remote workers, and frequent travellers – while Wise Business is intended for SMEs and growing businesses operating internationally.

Analysing the annual trend, Wise has demonstrated sustained double-digit growth in its active customer base across both personal and business segments. The most significant acceleration occurred between FY2024 and FY2026, with the customer base growing from 12.8 million to 18.9 million active customers – an increase of more than 6 million users in just two fiscal years, reflecting both the company’s expanding global reach and increasing consumer adoption of multi-currency accounts as an alternative to traditional banking.

Key observations from this growth trajectory:

• 4x customer growth in 6 years: from 4.7 million (FY2020) to 18.9 million (FY2026) – a 4x expansion despite operating in a sector typically dominated by entrenched banks;
• Consistent double-digit growth: Wise has delivered 21%+ active customer growth in every reported year – rare consistency for a company at this scale;
• Wise Business acceleration: business customers grew 22% YoY in FY2026 to 572,000 with cross-border volumes growing 35% – faster than personal segment volume growth, indicating SMEs are increasingly choosing Wise over traditional banks for international business;
• Pandemic-era inflection: customer growth accelerated meaningfully during 2020-2022 as more workers went remote and cross-border financial flows increased – a structural shift that has persisted post-pandemic.

Key observations on revenue per active customer trends:

• ~32% growth since FY2020: ARPU has grown from £64.38 to £85.13 – a meaningful expansion despite increasing competition;
• Take rate compression is intentional: Wise has reduced cross-border take rates from over 70 bps in earlier years to 51 bps in FY2026 – this strategy prioritises volume growth and customer acquisition over near-term ARPU;
• Increasing contribution from Wise Account features: customer holdings now exceed £29.4 billion (up 37% YoY), generating significant interest income and supporting ARPU even as core transfer take rates compress;
• The “Amazon playbook”: Wise’s approach mirrors the strategy of reinvesting margin into lower customer pricing to compound long-term growth – a model that has historically worked well for high-growth fintechs with strong unit economics.

Wise profitability

By examining the table below, it becomes evident that Wise is a financially robust company. The significant gap between gross profit and pre-tax profit (PBT) reflects substantial investment in administrative expenses – primarily banking and customer-related fees, technology infrastructure, employee benefits (Wise employs 6,000+ “Wisers”), and continued expansion of the global product offering. In FY2025, administrative expenses grew 25% to £768.6 million, reflecting Wise’s deliberate strategy of reinvesting margin into long-term growth rather than near-term profit maximisation.

Despite this growth investment, Wise has consistently grown both gross profit and PBT in absolute terms – a sign of healthy unit economics and operational leverage. Gross profit grew 20% in FY2025 (to £1,307.8 million), and reported profit before tax grew 17% (to £564.8 million), driven by strong revenue growth, increasing contribution from interest income on customer balances (£29 billion+ in customer holdings), and improving operational efficiency.

Key observations from Wise’s profitability trajectory:

• Profit transformation since FY2020: PBT grew from £20 million (FY2020) to £564.8 million (FY2025) – a 28x expansion in six years. Gross profit grew from £194m to £1,307.8m over the same period (~7x);
• FY2023-FY2024 inflection: profitability accelerated significantly in FY2023 and FY2024 as higher central bank interest rates substantially boosted interest income on customer balances – which Wise retains a portion of (the “first 1% yield” of customer deposits). This effect has partially normalised as central banks have cut rates;
• Underlying profitability metric: Wise’s preferred measure is underlying PBT, which excludes interest income above the first 1% yield. Underlying PBT was £282.1 million in FY2025 (+17% YoY) with an underlying PBT margin of 21% – above Wise’s medium-term target range of 13-16%, indicating the company is intentionally investing margin into growth;
• FY2026 expectations: Wise has guided that underlying PBT margin for FY2026 will be towards the top of the 13-16% range, reflecting continued reinvestment into pricing reductions, product development, and infrastructure (including the US national trust bank charter application).

Wise AUM

Customer balances on the Wise platform have grown rapidly over the past five years, reflecting both the expanding customer base and increased adoption of the Wise Account as a primary multi-currency banking solution. As of FY2025 (year ended 31 March 2025), total customer balances on the Wise platform reached £17.1 billion – a 29% increase from £13.3 billion in FY2024 and more than 8x the £2 billion held in FY2020.

This rapid growth in customer holdings has become a critical revenue driver for Wise, generating substantial interest income (£594.3 million in FY2025) at prevailing central bank rates. Wise retains the first 1% yield on customer balances, with the remainder either passed back to customers (as interest or cashback on the Wise Account) or invested in Wise Assets products.

Key observations on Wise’s customer balance growth:

• 8.5x growth in 5 years: customer balances grew from £2 billion (FY2020) to £17.1 billion (FY2025) – dramatically outpacing the 4x growth in active customers over the same period. This reflects deeper engagement: customers are using Wise as a primary multi-currency account, not just an occasional transfer service;
• Wise Account adoption is the underlying driver: as of FY2025, approximately 50% of personal customers and 60% of business customers had adopted multiple Wise products beyond core money transfers (Wise Account, debit card, Wise Assets) – up significantly from prior years;
• Including Wise Assets, customer holdings are even larger: total customer holdings (Wise Account balances + Wise Assets investments) reached approximately £21.5 billion in FY2025, up 33% YoY. Wise Assets (‘Interest’ and ‘Stocks’ products) are now available across the UK, EEA, Australia, and Singapore;
• Strategic implication: customer balances are increasingly central to Wise’s monetisation model. With £29 billion+ in customer holdings as of FY2026 Q4 trading updates and active expansion into US banking infrastructure (national trust bank charter application + Federal Reserve master account pursuit), Wise is positioning itself as a genuine multi-currency banking alternative for international consumers and businesses.

Average Wise deposit size

To assess the deposit magnitude meaningfully, it’s important to segment the analysis by account type. As noted earlier, Wise offers two distinct customer products: the Wise Account (personal) for individuals and the Wise Business account for SMEs and corporate clients.

As expected, the average business deposit significantly exceeds the average personal deposit – typically by 12-15x – reflecting the larger transaction sizes and working capital management needs of business customers compared to personal users. After a decline in average deposit sizes in FY2024 (-5.4% personal, -11.9% business), average deposits per customer recovered in FY2025 as customer balance growth (+29%) outpaced active customer growth (+22%), indicating deeper engagement and increased adoption of the Wise Account as a primary multi-currency holding solution.

Wise transfer volumes

Cross-border transfer volume is one of Wise’s most important operational metrics – reflecting both the company’s growing customer base and increasing transaction values per customer. In FY2025, Wise facilitated £145.2 billion in cross-border transfers for its 15.6 million active customers – a 23% year-on-year increase (25% on a constant-currency basis). In FY2026, this volume accelerated further to £181.7 billion (+25% YoY) across 18.9 million active customers, representing approximately $243 billion in USD terms (Wise’s new reporting currency following the NASDAQ dual listing).

Key observations on Wise’s transfer volume growth:

• 4.4x volume growth in 6 years: from £41.7 billion (FY2020) to £181.7 billion (FY2026), reflecting both customer expansion and increasing transaction values;
• Business segment outpacing personal in recent years: business cross-border volumes grew 35% in FY2026 (vs 22% personal) – confirming Wise Business as the higher-growth segment as SMEs increasingly shift from traditional banks for international payments;
• Average volume per customer: total volume per active customer reached approximately £9,613 in FY2026 (£181.7bn / 18.9m), up from £9,309 in FY2025 – indicating deeper customer engagement;
• £32 trillion TAM context: Wise estimates the global cross-border payments market at £32 trillion – meaning even at £181.7 billion in volume, Wise still represents less than 1% of total addressable cross-border flows, leaving substantial runway for continued growth.

Bottom line

Wise is a leading global financial technology company specialising in international money transfers, multi-currency accounts, and cross-border payments infrastructure. Founded in 2011 by Estonian entrepreneurs Kristo Käärmann and Taavet Hinrikus (originally as TransferWise), the company has built a distinctive position through transparent pricing, low costs, and direct integration with local payment systems across 160+ countries – allowing users to send and hold money internationally at rates significantly below those of traditional banks.

The company has reached significant scale milestones in 2026: it completed a dual listing on NASDAQ (ticker: WSE) in May 2026 while retaining its LSE listing, processed £181.7 billion in cross-border transfers across 18.9 million active customers in FY2026, and continues to grow customer balances toward an annualised pace of £29+ billion. Wise is also expanding into US banking infrastructure (pursuing a national trust bank charter and a Federal Reserve master account) and continues to develop its Wise Platform B2B offering with partners including Morgan Stanley, Standard Chartered, Nubank, Unicredit, and Raiffeisen Bank.

In this article, we have aggregated the most current publicly available data on Wise across all key dimensions: user growth, revenue and underlying income, profitability, valuation (both historical funding rounds and post-listing market capitalisation), customer balances, average deposit sizes, and cross-border transfer volumes. Wise will publish its full FY2026 financial results on 25 June 2026 (in USD under US GAAP for the first time, following the NASDAQ dual listing) – so the figures above represent the most complete view available as of the publication date.

FAQ

¹It excludes customer funds held in ‘Assets’ products.