Earnings ·
Wise reports Q2 net revenue of $739.1M, up 21% YoY on $71.7B cross-border volume
WSEWise Group plc
Wise Group plc reported second-quarter fiscal year 2027 results for the period ended September 30, 2026. Net revenue increased 21% year-over-year to $739.1 million, driven by a 22% rise in cross-border transaction volume to $71.7 billion and a 20% increase in active customers to 12.5 million. Customer holdings grew 28% to $43.5 billion, while the cross-border take rate declined 3 basis points to 49 basis points as the company invested in lower prices for users. The company updated its full-year outlook, expecting FY27 net revenue growth of 17.5% to 20% on a constant currency basis and an income before tax margin around 23%. Wise is a global technology company that enables individuals and businesses to move money across borders and manage multi-currency accounts.