Earnings ·
Wise Group plc reported Q1 FY27 results for the quarter ended June 30, 2026
WSEWise Group plc
Wise Group plc reported Q1 FY27 results for the quarter ended June 30, 2026. Net revenue grew 25% YoY to $714.0 million, while cross-border volume increased 26% YoY to $69.3 billion. Active customers rose 21% YoY to 11.9 million, and customer holdings increased 31% YoY to $41.2 billion. The cross-border take rate decreased by 2 basis points to 0.50%. The company reiterated its FY27 guidance, expecting net revenue growth in the middle of its 15-20% medium-term target range on a constant currency basis and an income before tax margin at the top of the 20-25% range. The company also expanded its product offering in Latin America to include Chile. Wise is a global technology company that provides cross-border money transfer and management services.