Wise Group plc H1 Results for Fiscal Year 2027
NEW YORK, Nov. 12, 2026 (GLOBE NEWSWIRE) --
Kristo Käärmann, Co-founder and Chief Executive Officer, commented:
“More than 16 million people and businesses used Wise in the past six months. These customers moved $141 billion across borders, up 24% year on year. Customers also used Wise for more, spending $27 billion on Wise cards and increasing holdings by 28% to $44 billion, including $11 billion held in Wise Assets.
We expanded the infrastructure behind this growth. We added our ninth direct connection in Malaysia, reducing our reliance on intermediaries and helping us move money faster and at lower cost. 78% of transfers are now instant, while customers paid an average fee of only 50 bps to move money around the world in the period.
Banks are also adopting our infrastructure. In recent months, Wise Platform has announced new partnerships in the UK and Europe with OakNorth and Vivid. Additionally, we have partnered with two of the top 20 largest banks in North America, while we continue to expand the services we provide to Morgan Stanley.”
Business highlights for the six months ended September 30, 2026:
Additional business highlights post September 30, 2026:
H1 FY27 financial overview
Outlook and capital allocation strategy
Our focus on customer outcomes generates strong levels of growth, sustainable profits and significant cash flow. This financial strength enables us to maintain robust cash balances and the flexibility required to execute our long-term mission while returning excess capital to our owners.
The operating leverage in our business model and our ability to balance growth investment with profitability are also reflected in our forward-looking expectations. As of November 12, 2026:
* Net revenue on a constant currency basis is translated using the average monthly exchange rates from the comparable prior period for operations with functional currencies other than the U.S. dollar. We present net revenue on a constant currency basis, which is a non-GAAP financial measure, to facilitate comparison of underlying growth trends without the effects of exchange rate fluctuations. Please see below for reconciliation from the closest GAAP financial metric:
** Income before income taxes margin, which is a non-GAAP financial measure, is calculated as income before tax divided by net revenue, each as presented in our condensed consolidated statement of comprehensive income.
(1) Represents the difference between H1 FY27 net revenue as reported and H1 FY27 net revenue on a constant currency basis translated at prior-period exchange rates. Each month’s revenue for operations with functional currencies other than the U.S. dollar is translated at the average exchange rate for the same month in the prior year (e.g., April 2026 at the April 2025 average exchange rate).
(2) Constant currency growth compares H1 FY27 net revenue on a constant currency basis with H1 FY26 net revenue as reported. The prior period requires no adjustment as it is the comparison base.
Growth Metrics
Note: Differences between ‘total’ rows and the sum of the constituent components of Personal and Business are due to rounding.
Principal Risks and Uncertainties
Principal Risks
Principal risks represent events or circumstances that have been identified as having the greatest potential to threaten Wise’s business model, future performance, solvency or liquidity and reputation. In deciding which risks are principal risks, Wise considers the potential impact and probability of the related events or circumstances and the timescale over which they may occur. We have identified five principal risks (below) that provide an overview of those risks or combinations of risks which the Board considers the most important.
For more information on risk factors underlying these principal risks, please refer to the Wise Group plc’s Fiscal Year 2026 Annual Report on Form 20-F, Item 3.D. Key Information—Risk Factors, available at https://www.sec.gov.
Financial Crime and Fraud
Financial crime risk covers any failure on the part of the business to detect and prevent customers using our services for financial crimes, such as money laundering, bribery and corruption and other fraudulent activity. We have been, and may in the future be, subject to investigations relating to financial crimes.
As a financial institution, Wise’s growth depends on the Group meeting stringent regulatory standards, including those to combat money laundering and terrorism financing.
Fraud risk is the possibility of the organization, its customers, or both, being subject to fraudulent activity. This can come either from within (by Wisers) or externally (by individuals abusing our services and/or our customers while they use our services).
Fraud prevention links directly to Wise’s mission of providing fast, low-cost and secure payments. We also regard effective fraud management as essential for growth in customer numbers and retaining trust in a borderless financial system.
Cyber Security and Data Privacy
Cyber security risks are threats to the effectiveness, availability, integrity and security of IT systems and the data stored and processed therein, due to either external or internal security compromise.
The almost exclusively digital nature of our business means that cyber security risks are particularly acute. They are central to our operational considerations – even where risk appears minimal.
Data privacy risk involves failure to safeguard the rights and freedoms of users through the improper use or disclosure of their personal information.
As a financial technology company, we and the third parties with whom we work process sensitive data, which includes financial information and personal data.
Operational Resilience
Operational resilience risk describes the risk that Wise is vulnerable to an internal or external incident which has the capacity to adversely affect our ability to deliver important business services to customers or wider market participants.
Operational resilience is directly linked to Wise’s strategy by supporting uninterrupted, 24/7 and instant (under 20 seconds) money transfers amidst rising global digital disruptions. The resilience of our services builds customer trust and facilitates regulatory compliance with resilience standards, allowing Wise to scale sustainably while maintaining high reliability.
Wise’s customer-focused mission means that the business has been designed to be resilient and therefore, from a customer perspective, reliable from the outset.
Liquidity Management
Liquidity management risk describes the risk that Wise does not have the right type and quantity of funds, in the right place, at the right time and in the right currency to meet liabilities as they fall due.
Liquidity risk can arise if we're unable to meet our short-term obligations due to:
Market liquidity and funding risks are limited, as (i) our own liquidity and safeguarded balances are largely held in readily monetizable high-quality liquid assets; (ii) we place limited reliance on external funding sources; (iii) we hold own liquidity to face sudden and severe shocks (calibrated via stress testing).
However, sudden changes in behavior of customers or counterparties, or operational challenges such as varying payment processing speeds across multi-currency accounts and the settlement cycles for our Assets product can affect the speed of delivery and customer experience.
Regulatory Risk
This is the risk that Wise fails to comply with applicable requirements as a group of regulated entities with licenses to provide our products and services globally. We have in the past been, and may in the future be, unable to satisfy such requirements. We are required to comply with laws, regulations, license conditions, regulatory guidelines and statements of policy applicable to our business activities across several functional areas and multiple jurisdictions.
Additional Uncertainties
We recognize that, in addition to the above Principal Risks, we face risks to our current or projected financial condition and resilience arising from adverse business decisions, poor implementation of those decisions, or lack of responsiveness to changes in the financial industry and operating environment. These strategic uncertainties include:
Our vigilance around our risk environment includes monitoring the highly uncertain risks that could emerge and cause harm or present challenges to our business. These risks are managed through our Emerging Risk Forum, composed of senior leadership team members, which meets bi-annually to review the emerging risks facing Wise.
For additional risk factors affecting our business, see the risk factors described in our Annual Report on Form 20-F for the year ended March 31, 2026.
Related Party Transactions
Other than the reorganization transaction described in the condensed consolidated interim financial statements, there have been no material changes in the reported related party transactions since our last annual report that have materially affected our financial position. For additional information on related party transactions, please see Note 15 to our condensed consolidated interim financial statements.
Earnings call information
Wise will host an earnings call today, November 12, 2026 at 4:30 p.m. Eastern Time to discuss the company’s performance and expectations. Listeners may access the live call via webcast at http://owners.wise.com, where they can also find Wise’s earnings press release and slide presentation. Following the call, the webcast will be made available at the same website for at least 30 days.
Enquiries
Investor Relations: owners@wise.com
Communications: press@wise.com
Brunswick Group
Charles Pretzlik / Emily Murphy
Wise@brunswickgroup.com
+44 (0) 20 7404 5959
About Wise
Wise is a global technology company, building the best way to move and manage the world’s money.
With Wise Account and Wise Business, people and businesses can hold 40+ currencies, move money between countries and spend money abroad. Large companies and banks use Wise technology too, as we build an entirely new network for the world’s money.
In fiscal year 2026, Wise supported around 19 million people and businesses, processing over $240 billion in cross-border transactions and saving customers over $3 billion.
FORWARD-LOOKING DISCLOSURE DISCLAIMER
This report may include forward-looking statements, which are based on current expectations and projections about future events. These statements may include, without limitation, any statements preceded by, followed by or including words such as “forward-looking”, “guidance”, “target”, “believe”, “expect”, “intend”, “may”, “anticipate”, “estimate”, “forecast”, “project”, “will”, “can have”, “likely”, “should”, “would”, “could” and any other words and terms of similar meaning or the negative thereof. These forward-looking statements are subject to risks, uncertainties and assumptions about Wise and its subsidiaries. In light of these risks, uncertainties and assumptions, the events in the forward-looking statements may not occur.
Past performance cannot be relied upon as a guide to future performance and should not be taken as a representation that trends or activities underlying past performance will continue in the future, and the statements in this report speak only as at the date of this report. No representation or warranty is made or will be made that any forward-looking statement will come to pass and there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements.
Wise expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statements contained in this report and disclaims any obligation to update its view of any risks or uncertainties described herein or to publicly announce the results of any revisions to the forward-looking statements made in this report, whether as a result of new information, future developments or otherwise, except as required by law.
1 Guidance for net revenue growth includes recent increases to interest rates made by central banks, assumes no material change in the proportion of interest paid to customers and omits any further income or expense that may result from further changes in central bank rates that may occur.
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