Business
Wise FY26 Results
Wise Group PLC reported strong financial results for Fiscal Year 2026, with active customers increasing 21% to 19 million, driving a 31% rise in cross-border volume to $243 billion. Net revenue grew 19% year-over-year to $2.5 billion, and income before tax was $660.4 million, representing a 26% margin. Customer holdings surged 40% to $39 billion, and card spend increased 37% to $44 billion. The company also announced a new share purchase program expected to exceed $500 million and reiterated its medium-term targets for net revenue CAGR of 15-20% and income before tax margin of 20-25%. Disclaimer*
About this update from Wise Plc Class A
[{"type":"text","content":"\n\n \nWise Group plc reports Full Year 2026 Financial Results\n \n \nNew York, NY, June 25, 2026 - 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 Financial Year 2026 results and introduces guidance for FY2027.\n \nKristo Käärmann, Co-founder and Chief Executive Officer, commented:\n \n\"Over the last year we added new licenses, direct connections, launched new product features and added Wise Platform partners as we progressed on our mission. We went live with two new direct connections in Brazil and Japan, gained new license approvals in South Africa, UAE and Thailand, rolled out Assets to Brazil and added partners including Raiffeisen Bank and UniCredit.\n \n\"These investments helped us drive even better customer outcomes and support 19 million people and businesses move $243 billion across the world last year. Our customers benefited from our low pricing, with an average take rate of just 52bps, and instant payments, with 75% of our Q4 payments globally completed in under 20 seconds. And with new features and continued global expansion, more people and businesses are also choosing the Wise account for their everyday use. Customer holdings grew 40% in FY26 to $39 billion and card spend grew 37% to $44 billion.\n \n\"With $43 trillion moved across borders by people and businesses every year, we remain focused on the opportunity ahead and building 'the' network for the world's money.\"\n \nFY26 business highlights\n● Increased competitive advantage through our infrastructure with two new direct connections to domestic payment systems in Brazil and Japan, helping drive reduced costs and increased speeds for our customers\n● Continued our global expansion with new license approvals in South Africa, the UAE and Thailand, enabling more people and businesses to benefit from our products\n● Won new Wise Platform partnerships, including UniCredit, Raiffeisen Bank, MBSB Bank and, in April 2026, Capitec\n● Rolled out our Assets products to Brazil, allowing customers and businesses to earn a return on their holdings\n \nFY26 financial overview\n● 21% increase in active customers to 19 million, driving a...