Wise reports 21% Q2 net revenue jump and lifts FY27 growth outlook
Wise Group plc posted second‑quarter FY27 net revenue of $739.1 million, up 21% year‑on‑year, as cross‑border volume rose 22% to $71.7 billion and active customers increased 20% to 12.5 million. The company now expects full‑year net revenue growth of 17.5%‑20% on a constant‑currency basis, the upper half of its 15%‑20% medium‑term target range, and projects an income‑before‑tax margin near the top of its 20%‑25% range. CEO Kristo Käärmann highlighted continued investment in operating leverage and the launch of new products in several markets.
Why it matters
The raised revenue outlook suggests stronger top‑line growth than previously forecast, which may improve earnings expectations for investors. The guidance of a 17.5%‑20% FY27 net revenue increase and an IBT margin near the top of 20%‑25% provides a clearer profitability outlook for the year.
Key facts
- 1Net revenue for Q2 FY27 was $739.1 million, a 21% increase year‑on‑year. stocktitan.net
- 2Cross‑border volume grew 22% year‑on‑year to $71.7 billion. stocktitan.net
- 3Active customers rose 20% year‑on‑year to 12.5 million. stocktitan.net
- 4Wise now expects FY27 net revenue growth of 17.5%‑20% on a constant‑currency basis, the upper half of its 15%‑20% target range. asktraders.com
- 5The company projects an income‑before‑tax margin around the top of its 20%‑25% range. asktraders.com
- 6Take rate fell 3 basis points to 0.49% as volume outpaced revenue growth. asktraders.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.