Sharecast
  • uk
    uk United Kingdom
    it Italian
    es Spanish
    pt Portuguese
    fr French
    de German
    zh-CN Chinese (Sim.)
    zh-TW Chinese (Tra.)
    ru Russian
    da Danish
    hr Croatian
    nl Dutch
    fi Finnish
    ja Japanese
    sv Swedish
    no Norwegian
    pl Polish
    ro Romanian
    sr Serbian
    tr Turkish
    id Indonesian
    bs Bosnian
    bg Bulgarian
    ca Catalan
    cs Czech
    el Greek
    af Afrikaans
    sq Albanian
    am Amharic
    ar Arabic
    hy Armenian
    az Azerbaijani
    eu Basque
    be Belarusian
    bn Bengali
    ceb Cebuano
    ny Chichewa
    co Corsican
sharecast

Wise profits surge on higher interest rates

  • Home
  • UK Shares
      UK SHARES
    • Home
    • Results
    • Broker Views
    • Director Dealings
    • IPO Centre
    • Company Diary
    • Regulatory News
    • Company A-Z
  • Market Data
      MARKET DATA
    • Overview
    • Indices
    • Currencies
    • Commodities
    • Gilts
    • ETFS
    • Bonds
  • Sharecast News
  • Cryptocurrencies
  • Technical Analysis
  • Active Trader
  • Funds
      FUNDS
    • Funds Centre
    • Managers
    • News
  • Brokers
      BROKERS
    • Home
    • Forex
    • Shares
    • Binary Options
    • CFDs
    • Futures
    • Options
    • Spread Betting
  • Learn on finance
  • Spread Bet
      SPREAD BET
    • Learn
    • Strategies
  • Economic calendar
  • Portfolio
  • Watchlist
  •  More
    • Home
    • UK Shares
      • Home
      • Results
      • Broker Views
      • Director Dealings
      • IPO Centre
      • Company Diary
      • Regulatory News
      • Company A-Z
    • Market Data
      • Overview
      • Indices
      • Currencies
      • Commodities
      • Gilts
      • ETFS
      • Bonds
    • Sharecast News
    • Cryptocurrencies
    • Technical Analysis
    • Active Trader
    • Funds
      • Funds Centre
      • Managers
      • News
    • Brokers
      • Home
      • Forex
      • Shares
      • Binary Options
      • CFDs
      • Futures
      • Options
      • Spread Betting
    • Learn on finance
    • Spread Bet
      • Learn
      • Strategies
    • Economic calendar
    • Portfolio
    • Watchlist
  1. 03 Jun, 2025
  2. Home
  3. News and Announcements
Michele Maatouk Sharecast News
14 Nov, 2023 11:43

Wise profits surge on higher interest rates

dl wise logo transferwise transfer wise currency foreign exchange transfer technology service provider financial
WiseSharecast graphic / Josh White

Wise Plc

1,098.50p

12:09 03/06/25
0.41%
4.50p

Payments firm Wise posted a surge in first-half profits on Tuesday and upgraded its full-year EBITDA margin expectations, as it benefits from higher interest rates.

In the half-year to 30 September, pre-tax profit jumped 280% to £194.3m, on revenue of £498.2m, up 25% on the same period a year earlier. Active customers rose by more than 30%.

The company said it continues to target an adjusted EBITDA margin at or above 20% over the medium term, and that as long as interest rates remain above 1%, its adjusted EBITDA margin will remain structurally higher than its targeted at or above 20% level.

However, Wise’s adjusted EBITDA margin will be "considerably higher" than this in FY24, given higher interest rates "and the reality that we are unable to return interest to customers at the level we would like," it said.

Chief technology officer and interim chief executive officer Harsh Sinha said: "In the first six months of this year we continued to make progress against our mission of building the best way to move and manage the world's money.

"We continued to invest in making our account features available to more people and businesses, and we made great progress in building the network for the world's money - having completed our integration into NPP and announcing our collaboration with Swift. This has driven our growth and the fundamentals of our financial performance."

At 1140 GMT, the shares were up 1.6% at 699.80p.

contador
Advertising

THE MOST READ

    • KKR pulls out of planned Thames Water investment
    • London open: FTSE dips as Chinese factory data hits miners
    • London pre-open: Stocks seen up; BAT, Chemring results in focus
    • Tuesday newspaper round-up: M&S, Boohoo, commercial landlords
    • British American Tobacco FY revenues seen 'slightly ahead' of guidance
    SEE THE FULL LIST

    SMART BOX info

    More about you
    • High
    • Medium
    • Low

    You are seeing these quotes based on previous browsing related to sectors such as:

      You are seeing these stories as you have shown an interest in the following categories

        Advertising
        Loading:

        RELATED NEWS

        0% Complete

        Wise profits surge on higher interest rates
        dl wise logo transferwise transfer wise currency foreign exchange transfer technology service provider financial
        TotalEnergies snaps up solar, battery assets in south of England
        Europe midday: Stoxx retreats as OECD cuts global growth outlook
        London midday: Stocks flat after OECD growth projections, China data
        dl city of london square mile financial district skyline river thames london stock exchange lse ftse trading finance generic pexels
        Eurozone inflation falls below ECB target
        dl euro ecb european central bank europe eurozone common currency area eu eur sign pb
        Asia report: Markets mixed amid ongoing US tariff concerns
        dl china peoples republic of china prc flag beijing shanghai country generic pb 20231031 0833
        Berenberg downgrades GSK to 'hold' ahead of product rollouts
        dl gsk ftse 100 glaxosmithkline glaxo smith kline health care healthcare pharmaceuticals and biotechnology pharmaceuticals logo
        Swiss consumer prices fall for first time since 2021
        dl switzerland flag generic swiss franc chf suisse schweiz generic pb 1
        Europe open: Stoxx up as investors eye EZ inflation, China data, trade
        Pandox and Eiendomsspar submit possible offer for Dalata Hotel Group
        dl money cash great british pounds sterling gbp finance spending consumer footfall retail bills gas energy pb
        OECD cuts growth forecasts on Trump trade war
        white house dl us usa dollar bonds
        • About us
        • Advertising
        • Terms & Conditions
        • Privacy policy
        • Cookies
        • Contact
        Back to the top

        2025 © Sharecast.com. All rights reserved.

        Login with Facebook
        Login with Google
        o
        Forgot password?
        Don’t have an account? Sign In