Wise Posts $2.5 Billion in FY26 Net Revenue as Cross-Border Volume Jumps 31%
Wise has reported full-year results for FY26 that underline the company's steady transition from a cross-border money-transfer specialist into a broader multi-product financial platform. Net revenue climbed 19% year on year to $2.5 billion, while income before tax reached $660.4 million, a margin of roughly 26%.
The headline growth came from volume. Cross-border transfers rose 31% to $243.5 billion, according to the company's full-year results announcement, as an expanding customer base pushed more money through the platform. Active customers grew 21% to 19 million, spanning both personal and business accounts.
What stands out in the numbers is how much of Wise's activity now sits beyond the traditional transfer product. Customers held $39 billion in their Wise accounts at year end, up 40%, and spent $43.6 billion on Wise cards, a 37% increase. That shift matters for how the business should be understood: balances and card spend point to Wise becoming a place where customers park and manage money, not simply route it from one country to another.
The revenue growth is notable given that Wise continued to cut prices during the year, lowering its take rate as it passed efficiencies back to customers. Growing net revenue 19% while reducing what it charges suggests the model is scaling on volume rather than margin, a strategy that raises the barrier for competitors trying to undercut it.
The results are the first full year reported since Wise completed the move of its primary listing to the United States, debuting on the Nasdaq on 11 May 2026 under the ticker WSE. The relisting gives the company access to deeper capital markets as it competes against both incumbent banks and a growing field of fintech challengers in cross-border payments.
On capital allocation, Wise directed $470 million to share purchases for its Employee Share Trust and flagged a new share purchase programme expected to exceed $500 million. For FY27, management guided to net revenue growth around the middle of its 15-20% range, with income before tax margin near the top of the 20-25% band, signalling confidence that the platform strategy has further room to run.
