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Wise PLC Class A ( (WSE) ) has shared an announcement.
Wise Group plc reported strong first-quarter fiscal 2027 performance, underscoring continued momentum in its cross-border payments business and everyday money services. Active customers rose 21% year on year to 11.9 million, while cross-border volumes climbed 26% to $69.3 billion and customer holdings jumped 31% to $41.2 billion, reflecting growing trust in the platform for daily financial use.
Net revenue increased 25% to $714 million, driven by a 27% rise in transaction revenue, even as the cross-border take rate edged down by 2 basis points to 0.50% as Wise invested operating leverage into lower prices to reinforce its competitive position. The share of instant transfers reached 77%, highlighting ongoing improvements in speed, and management reiterated guidance for mid-teens net revenue growth and a pre-tax margin around the top of its 20–25% target range, while expanding services in Latin America with new capabilities for customers in Chile.
More about Wise PLC Class A
Wise Group plc, listed on Nasdaq and the London Stock Exchange, is a global technology company focused on building a low-cost, fast network for moving and managing money across borders. Through Wise Account and Wise Business, it enables individuals and enterprises to hold more than 40 currencies, transfer funds internationally, and spend abroad, while also powering cross-border payment services for large corporations and banks. In fiscal 2026, Wise processed over $240 billion in cross-border transactions for around 19 million customers, underlining its scale in digital payments and foreign exchange services.
The company positions itself as infrastructure for the world’s money, aiming to reduce fees and increase transaction speed compared with traditional banking and remittance providers. By expanding geographically and continuously improving its technology, Wise is seeking to strengthen its competitive edge in the global payments industry and deepen customer reliance on its platform for everyday financial needs.
See more insights into WSE stock on TipRanks’ Stock Analysis page.