London · Delayed Price · Currency is GBP · Price in GBX Wise Group Earnings Call Transcripts
Fiscal Year 2027
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Q1 FY2027 delivered 25% net revenue growth year-on-year, with strong customer and volume gains, especially in Wise Business and APAC/North America. Guidance remains for 15%-20% net revenue growth, with take rate reductions planned each quarter.
Fiscal Year 2026
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Net revenue rose 19% to $2.5B with a 26% margin, driven by 21% customer growth and 31% higher cross-border volume. Investments in infrastructure, technology, and new partnerships fueled instant transfers and diversified revenue, while guidance targets 15%-20% CAGR.
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Wise is scaling rapidly in the global cross-border payments market, leveraging proprietary infrastructure, direct payment system connections, and AI-driven innovation to deliver instant, low-cost transfers. Financial performance remains strong, with strategic price reductions and diversified revenue streams supporting sustainable growth and a widened margin guidance range.
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Active customers and cross-border volumes saw strong double-digit growth, with underlying income up 16% and profit margins at the top of the target range. Investments in infrastructure, product, and marketing are driving customer acquisition, while price reductions have accelerated volume growth.
Fiscal Year 2025
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FY2025 saw 21% growth in active customers and 23% in cross-border volume, with underlying income up 16% and profit before tax up 17%. Wise continues to invest in infrastructure, expand partnerships, and pursue a dual U.S. listing to drive future growth.
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Revised summary: Wise is executing a long-term strategy to become the global network for cross-border money, leveraging proprietary infrastructure, direct payment connections, and a growing platform business. Financial guidance targets 15%-20% income growth and 13%-16% profit margins, supported by strong customer growth and ongoing investments.
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Active customer and volume growth remain strong, with underlying income and gross profit outpacing business expansion. Strategic infrastructure investments, new licenses, and major partnerships drive scale, while disciplined capital allocation and efficiency gains support robust profitability.
Fiscal Year 2024
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Wise has evolved from a cross-border transfer service to a global platform offering multicurrency accounts and infrastructure for banks, driving growth through cost efficiency, viral user acquisition, and expanding partnerships. The company leverages technology to maintain a pricing edge and expects platform volumes to surpass direct business in the future.
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Strong customer and revenue growth driven by product adoption, with underlying income up 31% and reported PBT tripling year-over-year. Continued investment in price, marketing, and infrastructure is expected to support 15%-20% income growth and maintain profitability targets.