Wise Group plc reported a 19% increase in net revenue to $2.5 billion for FY26, driven by a 31% rise in cross-border volume to $243 billion. The company recorded income before tax of $660.4 million, reflecting a margin of 26%, which exceeded its guided range of 20-25%. Active customers grew 21% to 19 million, supporting a 40% increase in customer holdings to $39 billion and a 37% rise in card spend to $44 billion.

Kristo Käärmann, Co-founder and Chief Executive Officer, attributed the growth to new licenses, direct connections, and product features. The company launched direct connections in Brazil and Japan, gained license approvals in South Africa, the UAE, and Thailand, and added Wise Platform partners including Raiffeisen Bank and UniCredit. These investments enabled 19 million people and businesses to move $243 billion globally at an average take rate of 52bps.

Financial Overview

The company's financial performance highlighted strong operating leverage and diversification. Net revenue growth of 19% was at the top end of the medium-term target of 15-20%. Almost 50% of net revenue came from non-cross-border sources, including net interest income, card, and other revenue. The income before tax margin of 26% was slightly above the guided range, supported by a lower cross-border take rate of 0.52%, down 6bps from the previous year.

Capital Allocation and Outlook

Wise allocated $470 million in FY26 to purchase 35.9 million shares into the Employee Share Trust to eliminate shareholder dilution from historic share options. The company announced a new share purchase program expected to exceed $500 million, with approximately 40% allocated to the recurring EST share purchase program.

For FY27, Wise expects net revenue growth around the middle of its 15-20% medium-term target range on a constant currency basis. The income before tax margin is projected to be around the top of the 20-25% range. The company reiterated its medium-term targets of a net revenue CAGR of 15-20% and an income before tax margin of 15-20%, excluding retained interest income.

Regulatory Filings

Wise filed its Annual Report on Form 20-F for the fiscal year ended March 31, 2026, with the U.S. Securities and Exchange Commission. The company also published its U.K. Annual Report for the same period, which was uploaded to the Financial Conduct Authority National Storage Mechanism and furnished to the SEC as a Form 6-K.

Wise Group plc has announced the dates for its upcoming financial disclosures, scheduling the release of its FY2026 results and Q1 FY2027 trading update for June and July 2026, respectively. The company will host webcasts to discuss the financial performance, providing stakeholders with direct access to management insights.

The FY2026 financial results are scheduled for release after the U.S. market close on Thursday, June 25, 2026. A corresponding webcast will take place at 4:30 p.m. ET (9:30 p.m. BST) the same day. Following this, the Q1 FY2027 trading update will be issued after the U.S. market close on Thursday, July 16, 2026, with a webcast also set for 4:30 p.m. ET.

Access to the live webcasts, earnings press releases, and presentation materials will be available on the Wise Owner Relations website. Replays of the webcasts and related documents will remain accessible for at least 30 days following each event to ensure broad availability for investors and analysts.

Key Event Dates

Wise describes itself as a global technology company focused on cross-border money movement and management. In fiscal year 2026, the company reported supporting approximately 19 million people and businesses, processing over $240 billion in cross-border transactions.