All trading involves risk. Contracts for Difference (CFDs) are complex instruments and may not be suitable for all investors. Please refer to Risk Disclosure and Risk Fact Sheet on Capital.com/en-sg.
Open platformOpen platform

UK's Wise Group H1 net revenue rises 23% on customer growth

By Reuters News


Overview

  • UK cross-border payments firm's H1 FY27 net revenue rose 23% yr/yr

  • Income before tax for H1 FY27 increased 9% yr/yr

  • Company began new share repurchase program expected to exceed $500 mln


Outlook

  • Wise expects FY27 net revenue growth in the upper half (17.5-20%) of its 15-20% target range

  • Company expects FY27 income before tax margin around the top of its 20-25% range


Result Drivers

  • CUSTOMER GROWTH - Active customers increased 21% yr/yr to over 16 million, driving higher transaction volumes and customer holdings

  • VOLUME AND CARD SPEND - Cross-border volume rose 24% yr/yr, mainly from strong growth in the US and Asia Pacific; card revenue grew 43% due to increased spend and business adoption, especially in the US

  • OPERATIONAL EFFICIENCY - Transaction expenses fell 12% yr/yr due to improved supplier terms and efficiencies, partly offsetting higher investment in technology and marketing


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

GBP 1.45 bln

H1 Pretax Profit

GBP 334.90 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 4 "hold" and 2 "sell" or "strong sell"

  • The average consensus recommendation for the business support services peer group is "buy"

  • Wall Street's median 12-month price target for Wise Group PLC is GBp1,240.00, about 49.3% above its November 12 closing price of GBp830.60

  • The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 19 three months ago


Reuters Recommended Reads

  • Nov 10 - eToro Q3 net income drops 74% on lower crypto trading

  • Nov 12 - Paysafe Q3 revenue and adjusted EPS miss analyst expectations

  • Nov 9 - Repay Holdings Q3 revenue up 97%, slightly beats estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.