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Wise Valuation Multiples

Discover revenue and EBITDA valuation multiples for Wise and similar public comparables like RAKBANK, National Bank of Fujairah, and First Abu Dhabi Bank.

Wise Overview

About Wise

Wise PLC is a currency conversion platform utilizing a peer-to-peer network to reduce transfer costs. The group focuses primarily on private clients and small and midsize enterprises. By operating local accounts in each jurisdiction Wise sends money to or receives money from, this fintech offers faster and cheaper currency transfer services than incumbents (banks). Wise has started to broaden its product offering, issuing its clients debit cards and allowing customers to invest funds into various asset-management products.


Founded

2021

HQ

United Kingdom of Great Britain and Northern Ireland
Employees

5.5K+

Website

wise.com

Financials

LTM Revenue $1.9B

LTM EBITDA $724M

EV

-$6.6B

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Wise Financials

Wise has a last 12-month revenue (LTM) of $1.9B and a last 12-month EBITDA of $724M.

In the most recent fiscal year, Wise achieved revenue of $2.1B and an EBITDA of $698M.

Wise expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Wise P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $1.9B XXX $2.1B XXX XXX XXX
Gross Profit $1.4B XXX $1.5B XXX XXX XXX
Gross Margin 76% XXX 71% XXX XXX XXX
EBITDA $724M XXX $698M XXX XXX XXX
EBITDA Margin 38% XXX 34% XXX XXX XXX
EBIT $650M XXX $648M XXX XXX XXX
EBIT Margin 34% XXX 31% XXX XXX XXX
Net Profit $548M XXX $476M XXX XXX XXX
Net Margin 29% XXX 23% XXX XXX XXX
Net Debt XXX XXX n/a XXX XXX XXX

Financial data powered by Morningstar, Inc.

Wise Stock Performance

As of May 30, 2025, Wise's stock price is GBP 11 (or $15).

Wise has current market cap of GBP 11.0B (or $14.7B), and EV of -GBP 4.9B (or -$6.6B).

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Wise Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
-$6.6B $14.7B XXX XXX XXX XXX $0.52

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Wise Valuation Multiples

As of May 30, 2025, Wise has market cap of $14.7B and EV of -$6.6B.

Wise's trades at -3.5x EV/Revenue multiple, and -9.1x EV/EBITDA.

Equity research analysts estimate Wise's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

Wise has a P/E ratio of 26.9x.

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Wise Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $14.7B XXX $14.7B XXX XXX XXX
EV (current) -$6.6B XXX -$6.6B XXX XXX XXX
EV/Revenue -3.5x XXX -3.5x XXX XXX XXX
EV/EBITDA -9.1x XXX -9.1x XXX XXX XXX
EV/EBIT -10.1x XXX -10.0x XXX XXX XXX
EV/Gross Profit -4.6x XXX n/a XXX XXX XXX
P/E 26.9x XXX 27.4x XXX XXX XXX
EV/FCF -10.4x XXX -4.2x XXX XXX XXX

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Wise Margins & Growth Rates

Wise's last 12 month revenue growth is 22%

Wise's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.1M for the same period.

Wise's rule of 40 is 53% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Wise's rule of X is 93% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Wise Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth 22% XXX n/a XXX XXX XXX
EBITDA Margin 38% XXX 38% XXX XXX XXX
EBITDA Growth -2% XXX n/a XXX XXX XXX
Rule of 40 53% XXX 60% XXX XXX XXX
Bessemer Rule of X XXX XXX 93% XXX XXX XXX
Revenue per Employee XXX XXX $0.4M XXX XXX XXX
Opex per Employee XXX XXX $0.1M XXX XXX XXX
S&M Expenses to Revenue XXX XXX 2% XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX n/a XXX XXX XXX
Opex to Revenue XXX XXX 40% XXX XXX XXX

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Wise Public Comps

See public comps and valuation multiples for Commercial Banking and Neobanking comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Abu Dhabi Commercial Bank XXX XXX XXX XXX XXX XXX
Abu Dhabi Islamic Bank XXX XXX XXX XXX XXX XXX
First Abu Dhabi Bank XXX XXX XXX XXX XXX XXX
National Bank of Fujairah XXX XXX XXX XXX XXX XXX
RAKBANK XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

Valuation data powered by FactSet, Inc.

Wise M&A and Investment Activity

Wise acquired  XXX companies to date.

Last acquisition by Wise was  XXXXXXXX, XXXXX XXXXX XXXXXX . Wise acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Wise

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Wise

When was Wise founded? Wise was founded in 2021.
Where is Wise headquartered? Wise is headquartered in United Kingdom of Great Britain and Northern Ireland.
How many employees does Wise have? As of today, Wise has 5.5K+ employees.
Who is the CEO of Wise? Wise's CEO is Mr. Kristo Kaarmann.
Is Wise publicy listed? Yes, Wise is a public company listed on LON.
What is the stock symbol of Wise? Wise trades under WISE ticker.
When did Wise go public? Wise went public in 2021.
Who are competitors of Wise? Similar companies to Wise include e.g. Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, First Abu Dhabi Bank, National Bank of Fujairah.
What is the current market cap of Wise? Wise's current market cap is $14.7B
What is the current revenue of Wise? Wise's last 12 months revenue is $1.9B.
What is the current revenue growth of Wise? Wise revenue growth (NTM/LTM) is 22%.
What is the current EV/Revenue multiple of Wise? Current revenue multiple of Wise is -3.5x.
Is Wise profitable? Yes, Wise is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Wise? Wise's last 12 months EBITDA is $724M.
What is Wise's EBITDA margin? Wise's last 12 months EBITDA margin is 38%.
What is the current EV/EBITDA multiple of Wise? Current EBITDA multiple of Wise is -9.1x.
What is the current FCF of Wise? Wise's last 12 months FCF is $630M.
What is Wise's FCF margin? Wise's last 12 months FCF margin is 33%.
What is the current EV/FCF multiple of Wise? Current FCF multiple of Wise is -10.4x.

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