Key Highlights
- Wise stock advanced 8% following FY26 results that exceeded the company’s profit margin expectations
- Profit before tax reached $660.4 million with a 26.4% margin—surpassing the company’s 20–25% target range
- Total net revenue increased 19% year-over-year to $2.50 billion
- The company unveiled a $500 million share buyback initiative for FY27
- Customer base expanded 21% to 19 million users; cross-border transaction volume surged 31% to $243.5 billion
Shares of Wise (WSE) rallied approximately 8% on Friday following the digital payments platform’s release of full-year financial results that exceeded profit margin projections, accompanied by the announcement of a substantial $500 million share repurchase program.
Wise Group plc Class A Ordinary Shares, WSE
The stock reached approximately 894p during London Stock Exchange trading earlier in the session, representing a 64-point increase.
For the fiscal year ending March 31, 2026, Wise delivered net revenue of $2.50 billion, marking a 19% year-over-year increase. Profit before tax totaled $660.4 million, translating to a margin of 26.4%.
This profitability metric exceeded the company’s established medium-term target corridor of 20–25%, capturing significant investor interest.
BofA research analysts, maintaining a buy rating with a $16.40 price target, noted that profit before tax exceeded their projection by 6.6% and surpassed consensus estimates by 1.3%.
The analysts identified a one-time $70 million U.S. GAAP adjustment related to foreign exchange impacts on certain government securities as the primary factor limiting operating income, which finished at $590.7 million.
The platform’s active customer base expanded 21% to reach 19 million users. Cross-border transaction volume increased 31% to $243.5 billion, while the cross-border take rate remained at 0.52%, representing a six basis point year-over-year decline.
Card transaction volume grew 37% to $43.6 billion. Customer account balances increased 40% to $39.0 billion—demonstrating that users increasingly view the platform as a destination for holding funds rather than solely for money transfers.
Transaction-based revenue totaled $1.89 billion. Net interest income added $609.2 million to overall net revenue after the company distributed $196.9 million in interest payments to customers.
Chief Executive Officer Kristo Käärmann emphasized that 75% of transactions in the fourth quarter were processed in less than 20 seconds worldwide—a performance metric the company prominently features in its competitive positioning.
Share Repurchase and Capital Allocation Strategy
Wise announced plans to deploy more than $500 million toward share buybacks during FY27. Approximately 40% of this allocation will support its ongoing Employee Share Trust program designed to neutralize dilution from equity-based employee compensation.
During FY26, the company separately committed $470 million to repurchase 35.9 million shares.
BofA elevated its FY27 earnings per share forecast by 5.7% to 54.34 cents on a diluted basis, attributing the revision to improved gross profit margins and the buyback program’s impact.
Forward Guidance for FY27
Looking ahead, Wise projected net revenue growth at approximately the midpoint of its 15–20% medium-term target range on a constant currency basis.
This forecast assumes no significant changes to interest distributions to customers and no substantial movements in central bank interest rates.
The company expects its profit before tax margin to land near the upper boundary of the 20–25% range for FY27.
Wise transitioned to a primary Nasdaq listing on May 8, maintaining a secondary listing on the London Stock Exchange.
During FY26, the company established new direct payment infrastructure connections in Brazil and Japan while securing regulatory approvals in South Africa, the UAE, and Thailand.
New partnerships added to the Wise Platform during the period include UniCredit, Raiffeisen Bank, and MBSB Bank, with Capitec joining in April 2026.
