Wise Financials
This page shows Wise (WSE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Wise Group’s economics are dominated by a large, liability-funded balance sheet that throws off cash faster than reported earnings.
By FY2026, operating cash flow reached$7.55B while ROA was only1.5% , an unusual pairing that shows the balance sheet, not just reported earnings, is driving cash generation. With long-term debt at just$328.7M and the current ratio near 1.1x, cash generation is being shaped more by short-duration operating balances than by profit alone.
Almost the entire FY2026 asset base was funded by liabilities, not borrowing: total liabilities were
By FY2026, SG&A had nearly doubled since FY2024, and operating margin fell from
Financial Health Signals
Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Wise's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Wise has an operating margin of 23.6%, meaning the company retains $24 of operating profit per $100 of revenue. This strong profitability earns a score of 88/100, reflecting efficient cost management and pricing power. This is down from 34.7% the prior year.
Wise's revenue surged 19.2% year-over-year to $2.5B, reflecting rapid business expansion. This strong growth earns a score of 65/100.
Wise carries a low D/E ratio of 0.17, meaning only $0.17 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.
Wise's current ratio of 1.07 is below the typical benchmark, resulting in a score of 16/100. However, the company holds substantial cash reserves (90% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.
Wise converts 301.0% of revenue into free cash flow ($7.5B). This strong cash generation earns a score of 100/100.
Wise earns a strong 25.9% return on equity (ROE), meaning it generates $26 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 80/100. This is down from 31.7% the prior year.
Wise scores 0.51, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Wise passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Wise generates $15.15 in operating cash flow ($7.6B OCF vs $498.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Wise earns $30.3 in operating income for every $1 of interest expense ($590.7M vs $19.5M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Wise generated $2.5B in revenue in fiscal year 2026. This represents an increase of 19.2% from the prior year.
Wise's EBITDA was $605.1M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 18.0% from the prior year.
Wise reported $498.7M in net income in fiscal year 2026. This represents a decrease of 9.4% from the prior year.
Wise earned $48.43 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 8.0% from the prior year.
Cash & Balance Sheet
Wise generated $7.5B in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 32.8% from the prior year.
Wise held $27.8B in cash against $328.7M in long-term debt as of fiscal year 2026.
Margins & Returns
Wise's operating margin was 23.6% in fiscal year 2026, reflecting core business profitability. This is down 11.1 percentage points from the prior year.
Wise's net profit margin was 19.9% in fiscal year 2026, showing the share of revenue converted to profit. This is down 6.3 percentage points from the prior year.
Wise's ROE was 25.9% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 5.8 percentage points from the prior year.
Capital Allocation
Wise spent $473.4M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 411.8% from the prior year.
Wise invested $19.6M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 55.6% from the prior year.
WSE Income Statement
| Metric | Q4'26 | Q4'25 |
|---|---|---|
| Revenue | N/A | N/A |
| Cost of Revenue | N/A | N/A |
| Gross Profit | N/A | N/A |
| R&D Expenses | N/A | N/A |
| SG&A Expenses | N/A | N/A |
| Operating Income | N/A | N/A |
| Interest Expense | N/A | N/A |
| Income Tax | N/A | N/A |
| Net Income | N/A | N/A |
| EPS (Diluted) | N/A | N/A |
WSE Balance Sheet
| Metric | Q4'26 | Q4'25 |
|---|---|---|
| Total Assets | $33.3B+34.2% | $24.8B |
| Current Assets | $33.0B+34.3% | $24.6B |
| Cash & Equivalents | $27.8B+53.9% | $18.1B |
| Inventory | N/A | N/A |
| Accounts Receivable | $391.3M+12.5% | $347.8M |
| Goodwill | N/A | N/A |
| Total Liabilities | $31.3B+36.0% | $23.0B |
| Current Liabilities | $30.8B+34.5% | $22.9B |
| Long-Term Debt | $328.7M | $0 |
| Total Equity | $1.9B+10.8% | $1.7B |
| Retained Earnings | $2.1B+27.5% | $1.7B |
WSE Cash Flow Statement
| Metric | Q4'26 | Q4'25 |
|---|---|---|
| Operating Cash Flow | N/A | N/A |
| Capital Expenditures | N/A | N/A |
| Free Cash Flow | N/A | N/A |
| Investing Cash Flow | N/A | N/A |
| Financing Cash Flow | N/A | N/A |
| Dividends Paid | N/A | N/A |
| Share Buybacks | N/A | N/A |
WSE Financial Ratios
| Metric | Q4'26 | Q4'25 |
|---|---|---|
| Gross Margin | N/A | N/A |
| Operating Margin | N/A | N/A |
| Net Margin | N/A | N/A |
| Return on Equity | N/A | N/A |
| Return on Assets | N/A | N/A |
| Current Ratio | 1.070.0 | 1.07 |
| Debt-to-Equity | 0.17+0.2 | 0.00 |
| FCF Margin | N/A | N/A |
Frequently Asked Questions
What is Wise's annual revenue?
Wise (WSE) reported $2.5B in total revenue for fiscal year 2026. This represents a 19.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Wise's revenue growing?
Wise (WSE) revenue grew by 19.2% year-over-year, from $2.1B to $2.5B in fiscal year 2026.
Is Wise profitable?
Yes, Wise (WSE) reported a net income of $498.7M in fiscal year 2026, with a net profit margin of 19.9%.
What is Wise's EBITDA?
Wise (WSE) had EBITDA of $605.1M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Wise have?
As of fiscal year 2026, Wise (WSE) had $27.8B in cash and equivalents against $328.7M in long-term debt.
What is Wise's operating margin?
Wise (WSE) had an operating margin of 23.6% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Wise's net profit margin?
Wise (WSE) had a net profit margin of 19.9% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Wise's return on equity (ROE)?
Wise (WSE) has a return on equity of 25.9% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Wise's free cash flow?
Wise (WSE) generated $7.5B in free cash flow during fiscal year 2026. This represents a 32.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Wise's operating cash flow?
Wise (WSE) generated $7.6B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Wise's total assets?
Wise (WSE) had $33.3B in total assets as of fiscal year 2026, including both current and long-term assets.
What are Wise's capital expenditures?
Wise (WSE) invested $19.6M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is Wise's current ratio?
Wise (WSE) had a current ratio of 1.07 as of fiscal year 2026, which is considered adequate.
What is Wise's debt-to-equity ratio?
Wise (WSE) had a debt-to-equity ratio of 0.17 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Wise's return on assets (ROA)?
Wise (WSE) had a return on assets of 1.5% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Wise's Altman Z-Score?
Wise (WSE) has an Altman Z-Score of 0.51, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Wise's Piotroski F-Score?
Wise (WSE) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Wise's earnings high quality?
Wise (WSE) has an earnings quality ratio of 15.15x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Wise cover its interest payments?
Wise (WSE) has an interest coverage ratio of 30.3x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Wise?
Wise (WSE) scores 75 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.