Wise Group Reports FY26 Revenue Growth to $2.5B, 26% Margin and $500M Buyback
WSE•Wise Group reported FY26 net revenue of $2.5 billion, up 19% YoY, with income before tax margin at 26% and cross-border volume rising 31% to $243.5 billion. Active customers grew 21% to 19 million, customer holdings soared 40% to $39 billion, and a $500 million buyback was announced.
1. FY26 Financial Performance
In FY26 Wise Group generated net revenue of $2.503 billion, a 19% increase year-over-year, driven by 49% non-cross-border revenue contribution. Income before tax reached $660.4 million, delivering a 26% margin, slightly above its medium-term target of 20%–25%.
2. Customer and Volume Growth
Active customers increased 21% to 18.9 million, supporting a 31% surge in cross-border volume to $243.5 billion. Card spend climbed 37% to $43.6 billion and total customer holdings jumped 40% to $39 billion as more users adopt the Wise account for daily transactions.
3. Infrastructure and Market Expansion
During FY26 the company established two new direct payment system connections in Brazil and Japan, secured licenses in South Africa, the UAE and Thailand, and onboarded partners including UniCredit, Raiffeisen Bank, MBSB Bank and Capitec. The Assets product was also launched in Brazil to enhance customer returns.
4. Capital Allocation and Outlook
Wise allocated $470 million to its Employee Share Trust to offset dilution and unveiled a new $500 million share buyback program. It reiterated medium-term targets of 15%–20% net revenue CAGR and 20%–25% income before tax margin, aiming for mid-range revenue growth and top-range margins in FY27.
