Wise Group plc reports Q2 FY27 Results

Card and other revenue rose 34% year over year, while interest expense on customer liabilities increased 20%.

Rhea-AI Summary

Wise Group (Nasdaq: WSE) reported Q2 FY27 net revenue of $739.1 million, up 21% from a year earlier. For the quarter ended September 30, 2026, cross-border volume rose 22% to $71.7 billion, active customers increased 20% to 12.5 million, and customer holdings grew 28% to $43.5 billion. The average cross-border fee rate fell to 0.49% from 0.52%, while instant transfers increased to 78% from 74%.

Wise now expects FY27 net revenue growth of 17.5%–20% at constant exchange rates, the upper half of its medium-term target range. It continues to expect its FY27 income-before-tax margin around the top of its 20%–25% range. For H1 FY27, Wise expects a margin of approximately 23%, including one-off expenses equivalent to approximately two percentage points. These include approximately $15 million relating to its dual listing.

13 points · 0 major

PositiveiHow this balance works

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

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0 major · 5 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointQ2 FY27 net revenue rose 21% year over year to $739.1 million, and 4% sequentially.
• Moderate point. Forward-looking: it has not happened yet and may not happen.FY27 net revenue growth is now expected at 17.5%–20% at constant exchange rates.
• Moderate pointQ2 cross-border volume rose 22% year over year to $71.7 billion; constant-currency growth was 21%.
• Moderate pointQ2 personal active customers increased 19% year over year to 11.869 million.
• Moderate pointQ2 business active customers increased 26% year over year to 633,000.

8 minor points

• Minor point. Forward-looking: it has not happened yet and may not happen.FY27 income-before-tax margin remains expected around the top of the 20%–25% range.
• Minor point. Forward-looking: it has not happened yet and may not happen.H1 FY27 income-before-tax margin is expected at approximately 23%, including one-off expenses.
• Minor pointQ2 customer balances increased 22% year over year to $32.1 billion.
• Minor pointQ2 assets under custody increased 52% year over year to $11.4 billion.
• Minor pointQ2 cross-border revenue increased 16% year over year to $355.2 million.
• Minor pointQ2 card and other revenue increased 34% year over year to $206.1 million.
• Minor pointQ2 interest income on customer balances increased 18% year over year to $238.2 million.
• Minor pointQ2 instant transfers increased to 78%, from 74% a year earlier.

Negative

• Moderate point. Forward-looking: it has not happened yet and may not happen.H1 FY27 one-off expenses are expected to equal approximately two margin percentage points, including dual-listing expenses.
• Moderate pointQ2 interest expense on customer liabilities increased 20% year over year to $60.4 million.
• Minor pointQ2 cross-border fee rate fell three basis points to 0.49% year over year.
• Minor point. Forward-looking: it has not happened yet and may not happen.FY27 revenue guidance assumes no material change in the proportion of interest paid to customers.
• Minor point. Forward-looking: it has not happened yet and may not happen.FY27 revenue guidance excludes further income or expense from future central-bank rate changes.

News Explained

The Wise Q2 customer-holdings figure of $43.5 billion combines direct customer balances with assets held through Wise Assets; those assets under custody are not recognized on Wise’s balance sheet, so the total is not all balance-sheet customer balances.

Key Figures

Cross-border volume: $71.7 billion, up 22% YoY Net revenue: $739.1 million, up 21% YoY Transaction revenue: $561.3 million, up 22% YoY +5 more

Cross-border volume

$71.7 billion, up 22% YoY

Q2 FY27

Net revenue

$739.1 million, up 21% YoY

Q2 FY27

Transaction revenue

$561.3 million, up 22% YoY

Q2 FY27

Active customers

12.5 million, up 20% YoY

Q2 FY27

Customer holdings

$43.5 billion, up 28% YoY

Q2 FY27

Cross-border take rate

49 bps, down 3 bps YoY

Q2 FY27

Instant transfers

78%, up 4 percentage points

Q2 FY27

Net revenue growth outlook

Upper half of 15%-20% target range

FY27, constant currency basis

Historical Context

2 past events · Latest: Jul 16

2 events

1. Jul 16

   Q1 FY27 results

   24h Move

   -2.3%

   Reported 25% net revenue growth and retained FY27 growth guidance around the target-range midpoint.

2. Jun 25

   FY26 results

   24h Move

   +10.2%

   Introduced FY27 net revenue growth guidance around the midpoint of the 15%-20% range.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

constant currency basis, dual listing, assets under custody

3 terms

constant currency basis financial

"21% growth YoY on a constant currency basis"

A "constant currency basis" is a way companies compare financial results by removing the effects of changing exchange rates between different currencies. It helps show how the business is really performing, without the confusion caused by currency value swings, much like adjusting for inflation to see true growth.

dual listing financial

"This includes c.$15 million relating to the dual listing of Wise."

A dual listing is when a company makes the same shares available on two different stock exchanges, often in different countries, so investors can buy and sell the same ownership stake in more than one market—like a shop opening branches in two cities that sell the same product. It matters to investors because it can widen the pool of buyers, make shares easier to trade, expose the stock to different currencies and rules, and create price differences or arbitrage opportunities that affect returns and risk.

View in glossary

assets under custody financial

"Assets under custody represent customer deposits held via Wise Assets."

Assets under custody are financial assets, such as stocks, bonds, or cash, held and managed by a financial institution on behalf of clients. They represent the total value of assets that the institution safeguards, ensuring their safety and proper management. For investors, knowing the amount of assets under custody provides an indication of the institution’s size, reliability, and ability to securely handle their investments.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Wise Group plc (Nasdaq: WSE; LSE: WISE), the global technology company building the best way to move and manage the world's money, today announces its Q2 FY27 results for the quarter ended September 30, 2026.

	Q2 FY27	Q2 FY26	YoY Movement
Active customers (millions)	12,503	10,440	20%
Cross-border volume ($ billion)	71.7	59.0	22%
Customer holdings ($ billion)	43.5	33.9	28%
Net revenue ($ million)	739.1	610.5	21%
Cross-border take rate (%)	0.49%	0.52%	-3 bps
Instant transfers (%)	78%	74%	+4 pps

Q2 FY27 highlights

• Quarterly cross-border volume grew 22% YoY to $71.7 billion (21% growth YoY on a constant currency basis*) with active customers up 20% YoY to 12.5 million
• Customer holdings increased 28% YoY to $43.5 billion and card spend volumes grew to $14.3bn  as more customers use and trust Wise for more of their daily financial lives
• Cross-border take rate reduced 3bps YoY to 49bps, as we continued to proactively invest part of our operating leverage to further strengthen our competitive advantage of lower prices for customers
• Transaction revenue increased 22% YoY to $561.3 million and net revenue increased 21% YoY to $739.1 million (21% growth YoY on a constant currency basis)
• Outlook for FY27:
  • Wise now expects FY27 net revenue growth to be in the upper half (17.5% - 20%) of our 15-20% medium-term target range on a constant currency basis¹
  • Wise continues to expect FY27 income before tax (‘IBT’) margin around the top of our 20-25% range. For H1FY27, we expect the IBT margin to be c.23%, including one-off expenses equivalent to c.2ppts. This includes c.$15 million relating to the dual listing of Wise. Further detail will be provided in our H1FY27 results, including the progress we are making in unlocking transactional efficiency and reinvesting these gains to drive future growth.

_{¹ Guidance for net revenue growth includes recent increases to interest rates made by central banks and assumes no material change in the proportion of interest paid to customers and omits any further income or expense that may result from further changes in central bank rates that may occur.}

Kristo Käärmann, Co-founder and Chief Executive Officer, commented:

“More than 12 million customers chose Wise this quarter to move over $70 billion around the world, paying 49bps on average, with 78% of transfers completed instantly. Customers are also using Wise for more of their everyday financial needs – spending $14 billion on Wise cards and increasing holdings to $44 billion.

“We continued to expand our network, products and features so Wise can serve more people and businesses around the world. This quarter, we went live in Malaysia with our ninth direct integration, launched the Wise Account and Wise Card in Thailand, introduced Wise Assets in New Zealand and announced our Wise Platform partnership with OakNorth to power international payments for its UK business customers.

“We are building the network for the world’s money – making Wise easier, cheaper and faster to use as we scale.”

Earnings call information

Wise will host an earnings call today, October 15, 2026 at 4:30 p.m. Eastern Time to discuss the company’s performance and expectations. Listeners may access the live call via webcast at http://owners.wise.com, where they can also find Wise’s earnings press release and slide presentation. Following the call, the webcast will be made available at the same website for at least 30 days.

Enquiries

Investor Relations: owners@wise.com

Communications: press@wise.com

Brunswick Group
Charles Pretzlik / Emily Murphy
Wise@brunswickgroup.com
+44 (0) 20 7404 5959

About Wise

Wise is a global technology company, building the best way to move and manage the world's money.

With Wise Account and Wise Business, people and businesses can hold 40+ currencies, move money between countries and spend money abroad. Large companies and banks use Wise technology too, as we build an entirely new network for the world's money.

In fiscal year 2026, Wise supported around 19 million people and businesses, processing over $240 billion in cross-border transactions and saving customers over $3 billion.

FORWARD LOOKING DISCLOSURE DISCLAIMER
This report may include forward-looking statements, which are based on current expectations and projections about future events. These statements may include, without limitation, any statements preceded by, followed by or including words such as “forward looking”, “guidance”, “target”, “believe”, “expect”, “intend”, “may”, “anticipate”, “estimate”, “forecast,” “project”, “will”, “can have”, “likely”, “should”, “would”, “could” and any other words and terms of similar meaning or the negative thereof. These forward-looking statements are subject to risks, uncertainties and assumptions about Wise and its subsidiaries. In light of these risks, uncertainties and assumptions, the events in the forward-looking statements may not occur. 
Past performance cannot be relied upon as a guide to future performance and should not be taken as a representation that trends or activities underlying past performance will continue in the future, and the statements in this report speak only as at the date of this report. No representation or warranty is made or will be made that any forward-looking statement will come to pass ​​and there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements.
Wise expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statements contained in this report and disclaims any obligation to update its view of any risks or uncertainties described herein or to publicly announce the results of any revisions to the forward-looking statements made in this report, whether as a result of new information, future developments or otherwise, except as required by law.

Historical quarterly financials

Quarterly	Q2 FY2025	Q3 FY2025	Q4 FY2025	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026	Q1 FY2027	Q2 FY2027	QoQ Movement	Q YoY Movement
Active Customers (thousand)¹	8,892	9,047	9,290	9,797	10,440	10,896	11,290	11,863	12,503	5%	20%
Personal (thousand)	8,469	8,612	8,838	9,321	9,936	10,354	10,718	11,256	11,869	5%	19%
Business (thousand)	423	435	452	475	504	542	572	608	633	4%	26%
Cross-border volume ($ billion)²	45.7	48.4	49.2	55.0	59.0	63.1	66.5	69.3	71.7	3%	22%
Personal ($ billion)	33.9	35.1	35.7	39.7	42.1	44.2	47.0	48.0	49.5	3%	18%
Business ($ billion)	11.8	13.3	13.4	15.3	16.9	18.9	19.5	21.3	22.3	5%	32%
Customer balances ($ billion)³	19.6	20.3	22.0	24.9	26.4	28.5	30.0	31.0	32.1	4%	22%
Personal ($ billion)	12.0	12.3	13.6	15.6	16.7	17.6	18.8	19.5	20.2	4%	21%
Business ($ billion)	7.6	8.0	8.4	9.3	9.7	10.9	11.2	11.5	11.9	3%	23%
Assets under custody ($ billion)⁴	5.1	5.4	5.8	6.6	7.5	8.5	9.0	10.2	11.4	12%	52%
Customer holdings ($ billion)⁵	24.7	25.7	27.8	31.5	33.9	37.0	39.0	41.2	43.5	6%	28%

Note: Unaudited numbers
*We present cross-border volume on a constant currency basis to facilitate comparison of underlying growth trends without the effects of exchange rate fluctuations. To calculate cross-border volume on a constant currency basis, we translate volume for the current period using the average monthly exchange rates from the comparable prior period for operations with functional currencies other than the U.S. dollar.
Differences between ‘total’ rows and the sum of the constituent components of personal and business are due to rounding.
¹ Total number of unique customers who have completed at least one cross-border transaction in the given period.
² Cross-border volume only.
³ Customer balances do not include Assets under custody, which are not recognized on Wise’s balance sheet.
⁴ Assets under custody represent customer deposits held via Wise Assets.
⁵ Customer holdings is the sum of customer balances held directly and those held via Wise Assets (which are not recognized on Wise’s balance sheet).

Historical quarterly financials

Quarterly	Q2 FY2025	Q3 FY2025	Q4 FY2025	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026	Q1 FY2027	Q2 FY2027	QoQ Movement	Q YoY Movement
Cross-border revenue ($ million)	270.2	272.6	262.5	286.8	305.0	326.5	338.7	349.8	355.2	2%	16%
Card and other revenue ($ million)	120.9	125.4	127.2	138.0	153.4	169.7	175.5	191.1	206.1	8%	34%
Interest income on customer balances ($ million)	198.1	190.6	182.3	196.5	202.5	204.5	202.6	225.4	238.2	6%	18%
Interest expense on customer liabilities ($ million)	(56.6)	(49.0)	(48.0)	(48.0)	(50.4)	(49.5)	(49.0)	(52.3)	(60.4)	15%	20%
Net revenue ($ million)	532.6	539.6	524.0	573.3	610.5	651.2	667.8	714.0	739.1	4%	21%
Cross-border take rate (%)	0.59%	0.56%	0.53%	0.52%	0.52%	0.52%	0.51%	0.50%	0.49%	-1.0 bps	-3.0 bps
Personal (%)	0.64%	0.62%	0.58%	0.57%	0.57%	0.57%	0.56%	0.56%	0.55%	-1.0 bps	-2.0 bps
Business (%)	0.45%	0.42%	0.40%	0.39%	0.39%	0.40%	0.39%	0.39%	0.37%	-2.0 bps	-2.0 bps

Note: Unaudited numbers
Differences between ‘total’ rows and the sum of the constituent components of personal and business are due to rounding.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did Wise Group revenue grow in Q2 FY27?

Wise Group’s Q2 FY27 net revenue increased 21% year over year to $739.1 million. Growth was also 21% at constant exchange rates. Transaction revenue rose 22% year over year to $561.3 million.

What is Wise Group’s FY27 revenue growth outlook?

Wise now expects FY27 net revenue growth of 17.5%–20% at constant exchange rates, the upper half of its 15%–20% medium-term target range. The guidance incorporates recent central-bank interest-rate increases but excludes income or expense from further rate changes.

What do Wise Group’s Q2 FY27 customer holdings include?

Customer holdings combine balances held directly and assets held through Wise Assets. Q2 FY27 customer balances were $32.1 billion, while assets under custody were $11.4 billion. Assets under custody are not recognized on Wise’s balance sheet.