Wise (NASDAQ: WSE) revenue jumps 21% as cross-border volume climbs

What happened

Wise Group plc (NASDAQ: WSE) reported Q2 FY27 results for the quarter ended September 30, 2026. Active customers rose 20% to 12.5 million and cross-border volume rose 22% to $71.7 billion.

Net revenue increased 21% to $739.1 million. Transaction revenue increased 22% to $561.3 million. Customer holdings increased 28% to $43.5 billion. Cross-border take rate fell 3 bps to 0.49%, and 78% of transfers were completed instantly.

Card spend volumes grew to $14.3 billion. Wise also said it went live in Malaysia with its ninth direct integration and launched the Wise Account and Wise Card in Thailand. It introduced Wise Assets in New Zealand and announced a Wise Platform partnership with OakNorth for UK business customers.

Key numbers

Metric	Latest	Change	Source
Active customers	12.5 million	from 10.44 million, +20%	Wise Group plc reports Q2 FY27 Results
Cross-border volume	$71.7 billion	from $59.0 billion, +22%	Wise Group plc reports Q2 FY27 Results
Customer holdings	$43.5 billion	from $33.9 billion, +28%	Wise Group plc reports Q2 FY27 Results
Net revenue	$739.1 million	from $610.5 million, +21%	Wise Group plc reports Q2 FY27 Results
Cross-border take rate	0.49%	from 0.52%, -3 bps	Wise Group plc reports Q2 FY27 Results

Read more: Wise Group (WSE) stock analysis and investment case

Why it matters

The release shows the network still expanding across customers, volume and holdings. Wise said fiscal year 2026 supported around 19 million people and businesses, processed over $240 billion in cross-border transactions and saved customers over $3 billion.

That compares with 10.44 million active customers and $59.0 billion of volume a year earlier. Net revenue rose $128.6 million from $610.5 million in Q2 FY26 to $739.1 million in Q2 FY27. That shows more of the growth is reaching revenue.

Wise now expects FY27 net revenue growth in the upper half of its 17.5% to 20% range on a constant-currency basis. It also continues to expect FY27 income before tax margin around the top of its 20% to 25% range.

The main offset is that H1 FY27 IBT margin should be c.23%, including one-off expenses equal to c.2ppts. The filing says about c.$15 million of those expenses relate to the dual listing.

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What's next

Wise will host an earnings call today, October 15, 2026 at 4:30 p.m. Eastern Time. The call is the next dated update on FY27 revenue growth and margin progress.

It strengthens the case if management repeats the upper-half revenue view and the top-of-range margin goal. It weakens the case if either target sounds less certain.

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