Bytes Technology Group PLC

BYIT.L Q2 2026

Reported: 2026-10-19

Bytes Technology Group reported double-digit gross profit growth across both sectors, while operating profit grew more slowly as costs rose. With the stock up 1.0%, the reaction was broadly neutral; full-year gross profit guidance has been upgraded to low- to mid-teens growth.

Key takeaways

Gross profit rose 17.8% to £97.1m; gross invoiced income increased 19.6% to £1.6bn.
Public-sector gross profit grew 23.1% and private-sector gross profit 14.6%; Microsoft grew broadly in line with the group.
Operating profit increased 6.6% to £35.3m, slower than gross profit. Operating profit as a share of gross profit fell to 36.4% from 40.2%, with cost normalization among the factors.
Services gross invoiced income rose 41%, and technical delivery headcount increased 17.4% year on year.
The company ended the half with £68.4m of net cash after returning £41.3m to shareholders; the interim dividend rose 3.1% to 3.3p per share.

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Wise plc

WISE.L Q2 2027

Reported: 2026-10-19

Shares fell 9.0% after earnings, with the likely disappointment being the reduced full-year net revenue growth outlook: Wise now expects growth in the upper half of its 15%–20% range, despite reporting 22% growth in the first half. Lower interest yields also meant customer balance growth translated less fully into interest income.

Key takeaways

Active customers rose 20% year on year to 12.5 million; cross-border volume increased 22% to $72 billion, with Wise Business volume up 32%.
Cross-border revenue grew 16% to $355 million as the take rate declined 3 basis points year on year to 49 basis points.
Net revenue increased 21% to $739 million. Cards and Other Revenues rose 34% to $206 million, while transaction revenue grew 22% to $561 million.
Interest income was up 18% to $238 million, but gross yields fell to 2.9% from 3.1% a year earlier; customer balances on Wise accounts reached $32 billion, up 22%.
Wise expects FY27 net revenue growth in the upper half of its 15%–20% range on a constant-currency basis and income-before-tax margin around the top of its 2025 range.

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Bytes Technology Group PLC

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Bytes Technology Group PLC

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