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Below are the financial statements of Wise, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
Below are the financial statements of Wise, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of GBP | 2024 | 2023 |
|---|---|---|
| Revenue | 1,052a | 846.1a |
| Interest income on customer balances | 485.2a | 140.2a |
| Interest expense on customer balances | 0a | -3.7a |
| Benefits paid relating to customer balances | -124.9a | -18.4a |
| Cost of sales | -307.4a | -308.2a |
| Net credit losses on financial assets | -12.5a | -17.8a |
| Gross profit | 1,092.4a | 638.2a |
| Administrative expenses | -615.9a | -494.5a |
| Net interest income from corporate investments | 19.7a | 2.8a |
| Other operating income, net | 5.7a | 10.7a |
| Operating profit | 501.9a | 157.2a |
| Finance expense | -20.5a | -10.7a |
| Profit before tax | 481.4a | 146.5a |
| Income tax expense | -126.8a | -32.5a |
| Profit for the year | 354.6a | 114a |
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