Wise Group (LSE:WISE) on Friday reported net revenue of $1,453.1m for the six months to 30 September, up 23% year-on-year, as the London and Nasdaq-listed payments group said it now expects full-year revenue growth to land in the upper half of its 15-20% medium-term target range on a constant-currency basis.
The cross-border money transfer and multi-currency account provider said net income rose 6% to $249.2m for the half, with income before tax up 9% to $334.9m at a 23% margin.
Active customers grew 21% to more than 16m, with cross-border volume up 24% to $141bn and customer holdings up 28% to $43.5bn, including $11.4bn held in assets under custody, up 52%.
"More than 16 million people and businesses used Wise in the past six months," said Kristo Käärmann, Wise's co-founder and chief executive, noting customers spent $27bn on Wise cards and held $11bn in Wise Assets.
Transaction revenue rose 25% to $1.1bn, with cross-border revenue up 19% to $705m despite a 2 basis point decline in the cross-border take rate to 50bps, which Wise attributed to continued reinvestment of operating leverage into lower prices for customers.
Card revenue climbed 43% to $252m on a 33% rise in card spend volume to $27.2bn and higher interchange fees, mainly in the US, while other revenue grew 27% to $145.2m.
Total operating expenses increased 28% to $1,150.3m, with general and administrative costs up 41% to $256.7m, a rise Wise linked to headcount growth in corporate functions and roughly $15m of one-off listing-related expenses.
Transaction expenses fell 12% to $229.7m, which the company said reflected efficiency gains and improved supplier terms.
Wise completed a dual listing across Nasdaq and the London Stock Exchange in May, and said it has since added a ninth direct payment integration, in Malaysia, alongside product launches including Wise Account and Wise Card in Thailand, a Wise chequing account in Canada, and Wise Interest and Stocks in the US.
Read more about Wise
- 16/10/26Wise lifts full-year revenue guidance on strong second-quarter growth
- 17/07/26Wise repeats guidance as cross-border volume jumps 26%
- 26/06/26Wise lifts FY27 margin guidance to top of 20-25% range after FY26 profit beats target
The company said Wise Europe, its Belgian subsidiary, has reached an agreement to fully resolve and settle the matter raised by the Brussels prosecutor's office, with no admission of wrongdoing. Wise had disclosed in June that Wise Europe was responding to enquiries from Belgian authorities.
Wise also said it appointed Barak Eilam as non-executive director and chair designate of the board.
The company said it commenced a share repurchase programme in July 2026 expected to exceed $500m, of which it has bought back almost half the expected total to date, with around 40% earmarked for its recurring employee share trust purchase programme.
Wise reiterated that it expects full-year income before tax margin to land around the top of its 20-25% range.