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Wise delivered strong Q1 growth with active customers up 21% to nearly 12 million, cross-border volume up 26% to $69 billion, and customer balances up 31% to $31 billion. Net revenue rose 25% year over year to GBP 714 million.
Revenue diversification is increasing as card and other revenue jumped 38% and interest income rose 15%, with 51% of net revenue now coming from non-cross-border activities. Wise also noted strong business customer and Platform business momentum.
The company reiterated full-year guidance and plans to keep lowering prices, expecting constant-currency net revenue growth in the middle of a 15% to 20% range and margins near the high end of 20% to 25%. Management said pricing investments will weigh on results later in the year but are central to Wise's long-term strategy.
Wise (LON:WISE) reported continued growth in customers, cross-border volumes and customer balances in the first quarter of fiscal 2027, while reiterating its full-year guidance and plans to keep reducing prices for customers.
Wise delivered strong Q1 growth with active customers up 21% to nearly 12 million, cross-border volume up 26% to $69 billion, and customer balances up 31% to $31 billion. Net revenue rose 25% year over year to GBP 714 million.
Revenue diversification is increasing as card and other revenue jumped 38% and interest income rose 15%, with 51% of net revenue now coming from non-cross-border activities. Wise also noted strong business customer and Platform business momentum.
The company reiterated full-year guidance and plans to keep lowering prices, expecting constant-currency net revenue growth in the middle of a 15% to 20% range and margins near the high end of 20% to 25%. Management said pricing investments will weigh on results later in the year but are central to Wise's long-term strategy.
Wise (LON:WISE) reported continued growth in customers, cross-border volumes and customer balances in the first quarter of fiscal 2027, while reiterating its full-year guidance and plans to keep reducing prices for customers.
14 days ago
