Wise Group plc (LSE:WSE) delivered a strong start to the 2027 financial year, with double-digit growth across customers, payment volumes and revenue as the company continued to expand its global cross-border payments platform while lowering prices for users.
During the first quarter, active customers increased 21% year-on-year to 11.9 million. Cross-border payment volumes rose 26% to $69.3 billion, while customer balances grew 31% to $41.2 billion, reflecting increasing adoption of the platform for both international transfers and everyday money management.
Net revenue climbed 25% to $714 million, supported by a 27% increase in transaction revenue. Despite the strong growth, Wise reduced its average cross-border take rate by two basis points to 0.50%, as the company continued to reinvest operating efficiencies into lower fees to strengthen its competitive position and attract additional customers.
The speed of transactions also continued to improve, with 77% of cross-border transfers now completed instantly. Alongside operational improvements, Wise expanded its presence in Latin America by introducing new services for customers in Chile, further broadening its international footprint.
Management reaffirmed its outlook for the full financial year, maintaining guidance for mid-teens net revenue growth and a pre-tax profit margin towards the upper end of its long-term target range of 20% to 25%.
More about Wise PLC
Wise Group plc is a global financial technology company focused on providing fast, low-cost international money transfers and multi-currency financial services. Listed on both the London Stock Exchange and Nasdaq, the company enables individuals and businesses to hold, send, receive and spend money in more than 40 currencies through its Wise Account and Wise Business platforms.
In addition to serving retail and business customers, Wise also provides cross-border payment infrastructure to banks and large enterprises. During fiscal 2026, the company processed more than $240 billion in international payment volumes for approximately 19 million customers, making it one of the world’s largest digital cross-border payments providers.
Wise’s strategy centres on reducing the cost and speed of international money transfers through technology while expanding geographically and increasing the range of everyday financial services available on its platform.
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