Quarterly ResultJul 16, 2026, 04:22 PM
Wise Q1 Net Revenue $714M (+25%); Cross-Border Volume $69.3B (+26%)
AI Summary
Wise Group plc reported strong Q1 FY27 results with net revenue increasing 25% year-over-year to $714.0 million and cross-border volume growing 26% to $69.3 billion. Active customers rose 21% to 11.9 million, and customer holdings increased 31% to $41.2 billion. The cross-border take rate decreased to 0.50% as the company invested in lower prices. Wise reiterated its FY27 guidance for net revenue growth and income before tax margin, and expanded its product offering in Latin America.
Key Highlights
- Net revenue increased 25% YoY to $714.0 million.
- Cross-border volume grew 26% YoY to $69.3 billion.
- Active customers reached 11.9 million, up 21% YoY.
- Customer holdings rose 31% YoY to $41.2 billion.
- Cross-border take rate was 0.50%, a 2 bps decrease YoY.
- Transaction revenue increased 27% YoY to $540.9 million.
- Reiterated FY27 net revenue growth guidance of 15-20% (constant currency).
- Reiterated FY27 income before tax margin guidance of 20-25%.
Price Impact
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