Wise Group plc (WSE) reported $714 million in first-quarter net revenue for fiscal year 2027. This 25% year-over-year increase surpassed analyst expectations.
Active customers grew 21% to nearly 11.9 million. Cross-border transaction volume rose 26% to $69.3 billion. Customer holdings increased 31% to reach $41.2 billion.
Instant transfers now account for 77% of all transactions. This represents a 7 percentage point increase from the previous year. Wise reiterated its fiscal 2027 net revenue growth guidance of 15-20%. Management expects results to land in the middle of that target range.