Wise Group (LSE:WISE) raised its fiscal 2027 profit margin outlook to the top of its 20-25% guided range after full-year results showed the cross-border payments company already running ahead of its own medium-term financial targets.
Net revenue for the year ended 31 March rose 19% to $2.5 billion, finishing at the upper end of the company's 15-20% medium-term growth target, while income before tax of $660.4 million translated to a 26% margin, modestly above the 20-25% range Wise had set as its medium-term benchmark.
Active customers grew 21% to 19 million, processing $243 billion in cross-border volume, up 31% year on year, at an average take rate of 52 basis points.
"These investments helped us drive even better customer outcomes and support 19 million people and businesses move $243 billion across the world last year," said co-founder and chief executive Kristo Käärmann.
Customer holdings grew 40% to $39 billion and card spend rose 37% to $44 billion, reflecting broader adoption of Wise accounts for everyday financial use.
For fiscal 2027, Wise guided net revenue growth around the middle of its 15-20% range on a constant currency basis, assuming no material change in central bank rates or interest paid to customers.
