Wise Group Reports 21% Net Revenue Growth in Second Quarter and Raises Full-Year Revenue Guidance
Wise Group plc (NASDAQ:WSE) reported a 21% year-over-year increase in net revenue to $739.1 million for the second quarter of fiscal year 2027, driven by strong growth in user activity. Cross-border transaction volume climbed 22% to $71.7 billion, while the company's active customer base expanded 20% to reach 12.5 million. Transaction revenue grew 22% to $561.3 million during the quarter ended September 30, 2026.
The expansion reflects deeper customer adoption across Wise services, with total customer holdings rising 28% to $43.5 billion and card spending volume reaching $14.3 billion. Wise deliberately trimmed its average cross-border fee rate by 3 basis points to 49 basis points, reinvesting operational cost savings into lower prices for users. During the period, the business expanded into Thailand and Malaysia, introduced investment products in New Zealand, and formed a payments partnership with OakNorth in the UK.
Looking ahead, Wise raised its full-year forecast, now expecting net revenue growth in the upper half of its 17.5% to 20% target range on a constant currency basis. Management expects its full-year margin for income before tax to land near the top of its 20% to 25% target range. Investors will monitor first-half results for further details on dual listing costs—estimated at roughly $15 million—and additional progress on transaction efficiency.
Key points
- Wise Group plc net revenue reached $739.1 million in Q2 FY27, up 21% year-over-year.
- Quarterly cross-border transfer volume grew 22% to $71.7 billion as active customers increased 20% to 12.5 million.
- Customer holdings grew 28% to $43.5 billion and quarterly card spend reached $14.3 billion.
- Wise raised its FY27 net revenue growth outlook to the upper half of its 17.5% to 20% range.
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What were Wise Group's financial results for Q2 FY27?
Wise Group reported Q2 FY27 net revenue of $739.1 million, up 21% year-over-year. Cross-border volume rose 22% to $71.7 billion, transaction revenue reached $561.3 million, and active customers expanded 20% to 12.5 million.
How did customer usage and holdings change at Wise in Q2 FY27?
Customer holdings increased 28% year-over-year to $43.5 billion, while quarterly card spend grew to $14.3 billion. Wise also reduced its average cross-border take rate by 3 basis points to 49 basis points to keep prices competitive.
What is Wise Group's financial outlook for full-year FY27?
Wise expects full-year net revenue growth in the upper half of its 17.5% to 20% range on a constant currency basis. It projects income before tax margin around the top of its 20% to 25% target range, with H1 margins expected at around 23%.