British fintech firm Wise posts 55% jump in profit on expanding market share

  • 📰 NBCPhiladelphia
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

News News

United States United States Latest News,United States United States Headlines

British digital payments firm Wise said that its first-half profit totalled £217.3 million ($279.8 million) in the first-half period, up 55% year-over-year.

British digital payments firm Wise said that its first-half profit totalled £217.3 million in the first-half period, up 55% from £140.6 million in the same period a year ago.posted a 55% jump in profit in the first half of its 2025 fiscal year Wednesday, citing customer growth and expanding market share.The British digital payments firm said that its first-half profit totalled £217.3 million, up from £140.6 million in the same period a year ago.

Back in June, Wise said it was expecting underlying year-over-year income growth of 15-20% for its fiscal 2025, much lower than the 31% growth clip it achieved in the 12 months ending in March 2024.Last month, Wise reported a 17% increase in underlying income for the second quarter of 2024.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 569. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines