Quarterly ResultJul 16, 2026, 04:07 PM
Wise Group Q1 FY27 Net Revenue Up 25% to $714M; Volume +26%
AI Summary
Wise Group plc reported strong Q1 FY27 results, with active customers growing 21% year-over-year to 11.9 million and cross-border volume increasing 26% to $69.3 billion. Net revenue for the quarter rose 25% to $714.0 million, while customer holdings expanded 31% to $41.2 billion. The company also reiterated its FY27 guidance for net revenue growth and income before tax margin, and expanded its product offering in Latin America.
Key Highlights
- Active customers grew 21% YoY to 11.9 million.
- Cross-border volume increased 26% YoY to $69.3 billion.
- Customer holdings rose 31% YoY to $41.2 billion.
- Net revenue increased 25% YoY to $714.0 million.
- Cross-border take rate reduced 2bps YoY to 0.50%.
- Transaction revenue grew 27% YoY to $540.9 million.
- Reiterated FY27 net revenue growth guidance around 15-20% range.
- Reiterated FY27 income before tax margin guidance around 20-25% range.
Price Impact
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