Wise (CHIX:WISEL) Retained Earnings : £970 Mil (As of Sep. 2024)

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What is Wise Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Wise's retained earnings for the quarter that ended in Sep. 2024 was £970 Mil.

Wise's quarterly retained earnings increased from Sep. 2023 (£514 Mil) to Mar. 2024 (£743 Mil) and increased from Mar. 2024 (£743 Mil) to Sep. 2024 (£970 Mil).

Wise's annual retained earnings increased from Mar. 2022 (£225 Mil) to Mar. 2023 (£358 Mil) and increased from Mar. 2023 (£358 Mil) to Mar. 2024 (£743 Mil).

Wise Retained Earnings Historical Data

The historical data trend for Wise's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Wise Retained Earnings Chart

Wise Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Retained Earnings

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8.90

162.60

224.50

357.80

742.90

Wise Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Retained Earnings	Get a 7-Day Free Trial						269.90	357.80	514.40	742.90	970.40

Wise Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Wise (CHIX:WISEl) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Wise Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Wise PLC (CHIX:WISEl) » Definitions » Retained Earnings

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WIZEY:USA WPLCF:USA WISE:UK 6WS:Germany

Address

56 Shoreditch High Street, 6th Floor, Tea Building, London, GBR, E1 6JJ

Website

https://www.wise.com

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.

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