Wise Group plc reported a 21% year-over-year revenue increase to $739.1 million for the second quarter. Active customers grew 20% to reach 12.5 million. Cross-border volume rose 22% to $71.7 billion. The company raised its full-year 2027 revenue growth guidance following this performance.
The company disclosed approximately $30 million in one-off costs that will impact earnings. U.S. regulators denied Wise’s application to establish a national trust bank. This decision creates a setback for the company’s expansion plans in the United States.
Wise shares fell 9.2% on October 16, 2026, to trade at $10.98. JPMorgan raised its price target on the stock to $17.70 from $17.30. Analysts at the bank maintained an Overweight rating and described the quarterly results as solid.