Wise Raises First-Half Revenue 23% to $1,453.1 Million
Key Facts
Wise reported on November 12, 2026, that net revenue for the first half of fiscal 2027 rose 23% year over year to $1,453.1 million, with growth of 22% on a constant-currency basis. Transaction revenue increased 25% to $1.1 billion, while profit before tax rose 9% to $334.9 million. The profit-before-tax margin was 23% for the period. The results come as the company expands its customer base and grows transfer volumes and card spending. The company had previously announced that results would be released after the U.S. market close that day.
The number of active customers grew 21% year over year to more than 16 million, with 4.1 million new active customers added in the first half. Cross-border transfer volume rose 24% to $141.0 billion, or 22% on a constant-currency basis. Wise attributed the growth mainly to strong performance in the United States and Asia-Pacific. The figures show activity expanding across its markets, alongside increased revenue generated from transactions. Net revenue grew at a pace close to transfer-volume growth, with other income sources contributing to total revenue.
Card revenue recorded the fastest growth among the operating figures reported in the results, rising 43% to $252.0 million. Customer card spending increased 33% to $27.2 billion. Wise said increased use by businesses and of cards, particularly in the United States, contributed to card-revenue growth. This reflects the expanding use of the company's products alongside its cross-border transfer service. Customer holdings totaled $43.5 billion on September 30, 2026, up 28% year over year.
Customer holdings included $11.4 billion in assets under custody, up 52% year over year through September 30, 2026. Growth in assets under custody forms part of the broader expansion in funds customers hold with Wise, alongside an increase in active users. The company said transfer growth came mainly from the United States and Asia-Pacific, while increased card spending supported revenue from that activity. These indicators show the diversity of revenue-growth sources across transfers, cards and assets under custody. Meanwhile, profit before tax and its margins remained central to assessing whether activity growth is keeping pace with revenue expansion.
Wise maintained its forecast for net revenue growth in fiscal 2027 within the upper half of a range of 17.5% to 20% on a constant-currency basis. It also expects its profit-before-tax margin to approach the upper end of its 20% to 25% range. This puts its annual revenue guidance at the growth level the company announced after its second-quarter update, when it pointed to the upper half of the same range. The focus in tracking Wise's results now shifts to whether it meets its growth and margin expectations during the rest of the fiscal year. The company had scheduled a results discussion call for November 12, 2026, at 4:30 p.m. Eastern Time.