TLDR
- Wise stock rose as much as 9.6% on Friday before easing to about 6%, trading near 882.60 GBP.
- First-half net revenue climbed 23% to $1.45 billion.
- Pre-tax profit rose only 9% to $334.9 million as costs jumped 28%.
- Full-year revenue growth is now seen in the upper half of its range, with margin near the top end.
- Active customers rose 21% to 16.2 million, and the buyback is almost half done.
Wise stock climbed as much as 9.6% on Friday after the company lifted its full-year revenue outlook. The rally cooled during the session, and the stock was up about 6% at 882.60 GBP in London.
The jump followed first-half results for the six months ended Sept. 30. Net revenue rose 23% to $1.45 billion from $1.18 billion a year earlier.
At constant exchange rates, revenue growth was 22%. That is the basis Wise uses for its yearly targets.
$WSE 𝐖𝐢𝐬𝐞 𝐇𝟏 𝐅𝐘𝟐𝟎𝟐𝟕: 𝐍𝐞𝐭 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐆𝐫𝐨𝐰𝐬 𝟐𝟑%, 𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫𝐬 𝐑𝐞𝐚𝐜𝐡 𝟏𝟔.𝟐𝐌, 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐓𝐚𝐫𝐠𝐞𝐭𝐬 𝐔𝐩 𝐭𝐨 𝟐𝟎% 𝐆𝐫𝐨𝐰𝐭𝐡
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📊 𝐑𝐞𝐬𝐮𝐥𝐭𝐬
• Net Revenue: $1.453B vs. $1.184B YoY (+23%)
• Constant Currency Net Revenue…— alldaystocks (@allday_stocks) November 12, 2026
The company now expects full-year net revenue growth in the upper half of its 15% to 20% medium-term range. That works out to 17.5% to 20% at constant currencies.
Wise also sees its pre-tax profit margin landing near the top of its 20% to 25% target range. Investors seemed to like the sound of that.
Where Costs Held Back Profit
Profit did not keep pace with sales. Pre-tax profit rose 9% to $334.9 million, a 23% margin, while net income gained 6% to $249.2 million.
Total operating expenses jumped 28% to $1.15 billion. Wise has been spending more on products, systems and growth.
Technology and development costs rose 51% to $292.2 million. The company pointed to new product launches and upkeep of its infrastructure.
Servicing costs climbed 40% to $250.6 million. Marketing and sales costs rose 46% to $111.7 million as Wise tried more channels to win customers.
General and administrative costs rose 41% to $256.7 million. That figure includes one-off expenses of about $15 million.
One line item went the other way. Transaction expenses fell 12% to $229.7 million after Wise improved terms with suppliers.
Customers, Volumes and Buyback
Cross-border volume rose 24% to $141 billion, helped by strong growth in the US and Asia Pacific. Cross-border revenue grew a bit slower, up 19% to $705 million.
That gap shows up in the take rate, or the average fee on transfers. It slipped to 0.50% from 0.52% a year ago.
Card revenue rose 43% to $252 million, helped by higher interchange fees, mainly in the United States. Card spending increased 33% to $27.2 billion.
Interest income on customer balances rose 16% to $463.6 million. Customer balances grew 22%.
Active customers rose 21% to 16.2 million, and customer holdings jumped 28% to $43.5 billion. Assets under custody rose 52% to $11.4 billion.
CEO Kristo Käärmann said 78% of transfers were now completed instantly. Wise began a buyback of up to about $540 million in July, and it has completed almost half of it, with about 40% earmarked for its employee share trust.
