Shares in Wise PLC (LSE:WISE) fell 9% on Thursday after the money transfer group reported first-quarter underlying income slightly below analysts’ expectations, prompting the likelihood of minor forecast downgrades.
Underlying income rose 11% year on year to £362 million for the three months to 30 June 2025, or 14% on a constant currency basis. While in line with its medium-term growth target of 15–20%, the figure marginally undershot consensus estimates.
Cross-border volumes increased 24% to £41.2 billion, helped by a 17% rise in active customer numbers to 9.8 million. However, the cross-border take rate, a measure of income as a percentage of volume, fell to 0.52%, down 12 basis points over the year, reflecting price reductions and a growing share of higher-volume customers.
Wise said it remains on track to deliver a full-year underlying profit margin near the top of its 13–16% range. A US dual listing is planned to support long-term growth.
Analysts noted that the income number was around 3% lower than consensus. Peel Hunt said: "We anticipate minor downgrades to consensus estimates following today's release."
The shares fell 104p to 1,028p.