Wise plc Q2 2027 Earnings Recap

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.