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UK-founded international money-transfer and multi-currency account platform, now primary-listed in the US, moving money across borders cheaply.
UK-founded international money-transfer and multi-currency account platform, now primary-listed in the US, moving money across borders cheaply.
Charges a visible fee on each transfer or card spend, using the mid-market exchange rate, and cuts prices as its costs fall to win volume, with interest on customer balances adding income. Banks and fintechs pay to use its payment network under the Wise Platform name.
In one line: A leaner, fee-transparent international Western Union.
Moat: narrow (network effects, cost advantage, brand). Direct local-currency settlement network keeps costs low, and scale reinforces its price advantage over banks.
Headquarters: London, United Kingdom · Founded: 2011 · Employees: 8,000
Size Wise (WSE) is a United States Financials company (Miscellaneous Commercial Services) with a market value of $13.2B, the 658th largest of 3,117 United States companies the cockpit tracks. Shares closed at $11.15 on 6 Nov 2026.
Performance Over six months the shares fell 23.1%, against +13.8% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 11 in its peer set.
Growth Revenue grew 19.7% over the last twelve months (peer median +22.1%); the operating margin is 22.2% (peer median 19.1%).
Valuation It trades at 5.94× book value against a peer median of 4.04× (3rd most expensive of 11).
Price implies The share price implies a return on equity of about 61.2%; Wise delivers 26.9%, so the price asks more than the business earns today.
Short interest Short interest is 0.5% of the free float (15 Oct 2026).
Next results Next results expected around 1 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | n/a | $2.71B | $2.26B | $1.94B | $1.20B |
| Revenue growth | — | +20% | +17% | +61% | — |
| Gross profit | n/a | $1.57B | $1.37B | $1.35B | $762M |
| EBITDA | n/a | $614M | $710M | $619M | $222M |
| Net income | n/a | $499M | $550M | $445M | $137M |
| Free cash flow | n/a | $7.53B | $5.68B | $565M | $138M |
| Capital expenditure | n/a | $21.4M | $45.3M | $16.3M | $10.6M |
| Total debt | n/a | $484M | $239M | $283M | $327M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Wise WSE | $13.2B | -23% | +20% | 27% | 5.94× | 61.2% |
| Western Union WU | $2.15B | -24% | -2% | 44% | 2.35× | 14.3% |
| Remitly Global RELY | $4.72B | -7% | +24% | 32% | 4.19× | 20.6% |
| PayPal PYPL | $49.2B | +31% | +5% | 24% | 2.54× | 24.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | WSE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.5% | +6.3% | 2nd lowest of 11 |
| 6-month return | -23.1% | +13.8% | 2nd lowest of 11 |
| Return on equity | 26.9% | 19.9% | 5th highest of 11 |
| Price / book | 5.94× | 4.04× | 3rd most expensive of 11 |
| Trailing P/E | 23.0× | 21.9× | 5th cheapest of 9 |
| ROE the price implies | 61.2% | 31.6% | most demanding of 11 |
| ROE delivered | 26.9% | 16.0% | 4th highest of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Wise WSE | United States | $13.2B | -23% | +20% | 27% | 5.94× | 61.2% | 26.9% |
| PayPay Corporation Sponsored ADR PAYP | United States | $9.97B | -24% | +29% | 49% | 3.89× | 27.0% | n/a |
| WEX WEX | United States | $5.99B | +29% | +10% | 36% | 5.27× | 37.3% | 35.6% |
| Corpay CPAY | United States | $29.9B | +32% | +20% | 30% | 8.44× | 58.6% | 30.4% |
| Fiserv FISV | United States | $33.4B | +13% | -2% | -17% | 1.59× | 12.7% | -17.0% |
| Klarna KLAR | United States | $5.13B | -6% | +34% | -6% | 2.11× | 24.0% | -6.0% |
| Remitly Global RELY | United States | $4.72B | -7% | +24% | 32% | 4.19× | 20.6% | 32.2% |
| Paymentus PAY | United States | $3.70B | +20% | +26% | 16% | 6.56× | 59.6% | 16.0% |
| PayPal PYPL | United States | $49.2B | +31% | +5% | 24% | 2.54× | 24.8% | 23.8% |
| Shift4 Payments FOUR | United States | $3.47B | +3% | +32% | 7% | 5.66× | 56.0% | 6.5% |
| Block XYZ | United States | $51.7B | +14% | +7% | 2% | 2.26× | 36.3% | 2.0% |