Wise Group PLC (WISE), the global financial technology company, has reported half-year results for the six months ended 30 September 2026, recording net revenue of $1,453.1 million, a 23% year-on-year increase. Active customers grew 21% to 16.2 million, while cross-border volume rose 24% to $141.0 billion. The company also raised its full-year guidance, now expecting FY27 net revenue growth in the upper half of its 15–20% medium-term target range on a constant currency basis.

Key Points

  • Wise Group PLC (WISE), dual-listed on Nasdaq and the London Stock Exchange since May 2026
  • Net revenue rose 23% year-on-year to $1,453.1 million for H1 FY27; net income increased 6% to $249.2 million
  • Customer holdings grew 28% to $43.5 billion; cross-border take rate edged down 2 basis points to 0.50%
  • Investors may watch FY27 income before tax margin guidance, targeting around the top of the 20–25% range

Wise Cross-Border Volume Climbs 24% as Card Revenue Surges 43% in First Half

Cross-border volume reached $141.0 billion in H1 FY27, up 24% year-on-year, driven primarily by strong growth in the United States and Asia Pacific. Business customers were a notable contributor, with cross-border volume rising 35% to $43.6 billion. Card revenue grew 43% to $252.0 million, supported by a 33% increase in card spend volume to $27.2 billion and higher interchange fees, partly reflecting increased adoption of the Wise Card among business customers in the United States. The cross-border take rate declined 2 basis points to 0.50%, which the company states reflects a deliberate investment in lower prices for customers to strengthen its competitive position.

Wise Platform Adds North American Bank Partnerships and Expands European Presence with OakNorth and Vivid

Wise Platform, the company's banking infrastructure division, continued to expand its institutional partner base during and after the period. The announcement states that Wise partnered with two of the top 20 largest banks in North America, while also announcing post-period partnerships with OakNorth, described as a digital bank for entrepreneurs, and Vivid, a European financial platform. Wise also confirmed it continues to expand services provided to Morgan Stanley. The company additionally added its ninth direct payment integration, located in Malaysia, with the announcement noting that 78% of transfers are now instant, reducing reliance on intermediaries.

Total Operating Expenses Rise 28% as Wise Invests Heavily in Technology and Regulatory Compliance

Total operating expenses increased 28% year-on-year to $1,150.3 million. Technology and development costs rose 51% to $292.2 million, reflecting new product launches and infrastructure investment, including a second cloud site. General and administrative costs increased 41% to $256.7 million, partly driven by headcount growth and approximately $15 million in one-off expenses linked to US listing requirements following the May 2026 dual listing on Nasdaq. Income before tax rose 9% to $334.9 million, representing a 23% margin. Post-period, Wise also disclosed that its Belgian subsidiary, Wise Europe, reached an agreement to settle queries raised by the Brussels prosecutor's office, with no admission of wrongdoing.

Wise Raises FY27 Guidance and Continues $500 Million Share Repurchase Programme

As of 12 November 2026, Wise expects FY27 net revenue growth to fall in the upper half of its 15–20% medium-term target range on a constant currency basis, with income before tax margin guided around the top of the 20–25% range. The company commenced a share repurchase programme in July 2026 expected to exceed $500 million in total, of which approximately 40% is allocated to its recurring employee share trust programme. The announcement states that almost 50% of the expected total amount had been purchased to date. Investors may watch future cross-border volume trends, regulatory developments, and customer growth in newer markets including Chile, Thailand, and Canada.