Wise Group plc (LON:WISE) today provided a trading update for the quarter ended June 30, 2026 (Q1 FY27).

Quarterly cross-border volume grew 26% year on year to $69.3 billion (24% growth YoY on a constant currency basis) with active customers up 21% year over year to 11.9 million

Customer holdings increased 31% year on year to $41.2 billion as more customers use and trust Wise for more of their daily financial lives.

Cross-border take rate reduced 2bps from the year-ago period to 50bps, as we created capacity within the business to proactively invest part of our operating leverage to further strengthen our competitive advantage of lower prices for customers.

Transaction revenue increased 27% year on year to $540.9 million and net revenue increased 25% year on year to $714.0 million.

The company re-iterated its FY27 guidance:

• Net revenue growth around the middle of Wise’s 15-20% medium-term target range on a constant currency basis, assuming no material change in interest paid to customers, and no material changes in central bank rates.
• Income before tax margin around the top of the 20-25% range.

Kristo Käärmann, Co-founder and Chief Executive Officer, commented:

“This quarter almost 12 million people and businesses used Wise to move $69.3 billion across the world. These customers paid an average fee of just 50bps – the lowest it has ever been on Wise. In 77% of the transactions, their money arrived instantly on the other side of the world. More customers are trusting Wise for their everyday money – their holdings grew 31% to $41.2 billion.

“We recently expanded our product offering in Latin America, so that customers in Chile can now send money cheap and fast across borders and top up their multi-currency accounts with local, instant pay-ins.

“We continue building ‘the’ network for the world’s money.”