Open an account Help & support Register Account summary Log out
Skip Header
Home Stock market news

Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Wise upgrades FY guidance following strong Q2 revenue growth

Tue 18 Oct 2022 09:46

(Sharecast News) - Fintech company Wise upgraded full-year guidance on Tuesday after experiencing strong revenue growth in the second quarter of its trading year. Wise said Q2 revenues rose from £132.8m a year earlier to £211.5m in the three months ended 30 September.

The London-listed group also now expects income growth for the year ending 31 March to be between 55% and 60%, while the group's adjusted underlying earnings were pegged to come in at or above 20% of total income for the period.

During the quarter, Wise said high levels of FX volatility led to higher costs and, as a result, the average customer price increased to 0.64%, compared to 0.61% in Q1 and 0.62% a year earlier.

Chief executive Kristo Kärmann said: "This quarter 5.5m customers moved £27.0bn with us, 50% more than in Q2 last year and for the second consecutive quarter more than half our payments were instant.

"We've seen extreme macroeconomic conditions persist throughout the second quarter, and whilst unfortunately this meant we had to raise prices slightly for some customers, we've been working hard to limit these increases and are working to bring them back down again."

As of 0945 BST, Wise shares were up 1.37% at 724.80p.

Reporting by Iain Gilbert at Sharecast.com

Share this article

Related Sharecast Articles

Mon 29 Jun 2026 14:00
Smiths News inks distribution contract with Associated Newspapers
(Sharecast News) - Print media distributor Smiths News has secured a new long‑term distribution contract with Associated Newspapers, publisher of the Daily Mail, The Mail on Sunday and i.
Thu 04 Jun 2026 08:30
S4 Capital flags tough trading amid volatile macro conditions
(Sharecast News) - Digital advertising and marketing firm S4 Capital said on Thursday that trading through 2025 had continued to reflect volatile macro conditions, with tariff negotiations and geopolitical risks keeping clients cautious.
Mon 27 Apr 2026 09:05
PensionBee reaches £8bn AUA milestone
(Sharecast News) - Online retirement savings provider PensionBee Group announced on Monday that assets under administration had hit approximately £8bn.
Mon 20 Apr 2026 08:17
Auction Technology Q2 performance remains 'positive'
(Sharecast News) - Auction and list price marketplaces operator Auction Technology Group said on Monday that second‑quarter trading remained positive, building on momentum seen in the first quarter, with the group now expecting to report first‑half revenues of roughly $125m.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Awards

Award 1
Award 2
Award 3

Policies and important information

Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Statutory and Regulatory disclosures | Whistleblowing programme

Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document or Product Summary document which contains important information about the fund.

This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.

© FIL Limited 2026