Key Takeaways:
Wise Group reported FY2026 income before tax of $660.4M, a 26% margin that beat its medium-term target, and unveiled a $500M-plus buyback program.
"Our investments helped us drive even better customer outcomes and support 19 million people and businesses move $243 billion across the world last year," Kristo Käärmann, co-founder and chief executive officer at Wise, said.
Net revenue rose 19% to $2.5B, surpassing the $1.87B consensus estimate. Cross-border volume jumped 31% to $243.5B, while active customers grew 21% to 18.9 million. The average take rate narrowed 6 basis points to 0.52%, reflecting the company's commitment to low pricing. Card spend climbed 37% to $43.6B, and customer holdings increased 40% to $39B.
The results show Wise's ability to balance growth investment with profitability as it expands its global payments network. The company guided for mid-teens to high-teens net revenue growth in FY2027 and profit margins in the high-teens to mid-twenties range.
During the fiscal year, Wise added direct payment connections in Brazil and Japan, secured licenses in South Africa, the UAE and Thailand, and onboarded Wise Platform partners including Raiffeisen Bank, UniCredit, MBSB Bank and Capitec. The company said 75% of its fourth-quarter payments were completed in under 20 seconds.
The $500M buyback program follows about $470M in completed share repurchases and is designed to manage dilution and return excess capital to owners. Wise maintained strong cash balances while executing the capital return plan.
The guidance raise shows management expects continued momentum in cross-border payments as Wise deepens its network. Investors will watch the company's earnings call later today for details on margin trajectory and new market expansion.
This article is for informational purposes only and does not constitute investment advice.
