Wise Group Reports 25% Revenue Growth in Q1 FY27, Take Rate Dips to Record Low 50bps | LeapRate
Wise Group has released its Q1 FY27 results for the quarter ended June 30, 2026, reporting strong growth across key metrics as the global fintech continues expanding its reach in cross-border payments.
Net revenue climbed 25% year-on-year to $714.0 million, while transaction revenue rose 27% to $540.9 million. Cross-border volume increased 26% YoY to $69.3 billion, or 24% on a constant currency basis, as active customers grew 21% to 11.9 million.
Customer holdings, a measure of trust in the platform for everyday financial needs, jumped 31% YoY to $41.2 billion. Meanwhile, the cross-border take rate slipped 2 basis points to 0.50%, the lowest level in the company’s history, as Wise reinvested part of its operating leverage into lower prices for customers. Instant transfers also improved, rising to 77% of transactions from 70% a year earlier.
The company reiterated its FY27 guidance, targeting net revenue growth around the middle of its 15-20% medium-term range on a constant currency basis, assuming no material shifts in customer interest payments or central bank rates. Income before tax margin is expected near the top of the 20-25% range.
Co-founder and CEO Kristo Käärmann highlighted the milestone of nearly 12 million customers moving money at record-low fees, with 77% of transfers arriving instantly. He also pointed to recent expansion in Latin America, noting that customers in Chile can now access cheaper, faster cross-border transfers and local instant pay-ins for multi-currency accounts.
Wise said it remains focused on building what it calls “the” network for the world’s money.
