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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Wise Group
Wise Group (WSE) investor relations material
Wise Group H1 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2027 earnings summary12 Nov, 2026
Executive summary
Active customers rose 21% YoY to 16.2m; cross-border volume increased 24% to $141.0bn and net revenue rose 23% to $1,453.1m.
Customer holdings grew 28% to $43.5bn, including $11.4bn in Assets under custody; annual activity supported by the infrastructure exceeded $1tn.
Income before tax was $334.9m, with a 23% margin; growth reflected customer engagement, broader revenue streams and continued investment.
Financial highlights
Transaction revenue increased 25% YoY to $1.1bn; cross-border revenue rose 19% to $705.0m, card revenue 43% to $252.0m and other revenue 27% to $145.2m.
Net revenue grew 23% reported and 22% on a constant-currency basis; net income increased 6% to $249.2m.
Operating expenses increased 28% to $1,150.3m; transaction expenses fell 12% to $229.7m, reflecting efficiencies and improved supplier terms.
Technology and development expense rose 51% to $292.2m, servicing expense 40% to $250.6m and G&A 41% to $256.7m; G&A included $15m of listing expenses.
Interest income increased 16% to $463.6m; $112.7m was paid on customer liabilities. Average central-bank rates were 2.9% versus 3.2% a year earlier.
Outlook and guidance
FY2027 net revenue growth is guided to 17.5–20% on a constant-currency basis, the upper half of the 15–20% medium-term range.
FY2027 income-before-tax margin is expected around the top of the 20–25% range.
Guidance assumes no material central-bank rate changes and no material change in the proportion of interest returned to customers; it excludes income or expense from further rate changes.
H2 investment growth excluding one-offs and operating-expense growth are expected to moderate; operating leverage remains a focus, with spending maintained where returns are attractive.
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Latest events from Wise Group
- Revenue rose 21% to $739.1m as customer activity and cross-border volume grew.WSE
Q2 2027 TU - Platform and product diversification, infrastructure investment, and efficiency drive growth and resilience.WSEGoldman Sachs Communacopia + Technology Conference 2026
- Net revenue rose 25% year-on-year as active customers and cross-border volumes surged.WSEQ1 2027 TU
- Net revenue up 19% to $2.5B, with strong customer and volume growth, and a 26% margin.WSEH2 2026
- 19 million customers, $243bn cross-border volume, and instant transfers drive growth.WSEStatus update
- Q4 FY26 delivered strong volume and income growth, with Nasdaq Dual Listing imminent.WSEQ4 2026 TU
- Customer and volume growth lifted underlying income 13%, with FY26 guidance reaffirmed.WSEH1 2026
- Profit before tax rose 51% YoY as customers and volumes grew, supported by efficiency gains.WSEH1 2025
- Targets 15-20% income growth, platform expansion, and robust capital allocation.WSEOwners Day 2025
Wise Group
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Frequently asked questions
Transferring Money in a Wise Way
Wise PLC, previously known as TransferWise, is a financial technology firm based in London, UK. Established in 2011, the company set out to reshape international money transfers by offering an alternative to traditional banking systems. Through its platform, Wise provides transparent exchange rates and seeks to eliminate hidden fees, aiming to make cross-border transactions more straightforward and cost-effective. Over the years, the company's offerings have grown beyond just money transfers to encompass multi-currency accounts, debit cards, and business banking services.
Making International Payments Simple
Wise, began its journey with the aim to simplify and reduce costs associated with international money transfers. The founders, motivated by their personal experiences with costly and opaque cross-border transactions, launched a platform that utilized real exchange rates that was simple to use. Their model quickly garnered attention for its transparency and efficiency. As the company grew, it not only expanded its global reach but also introduced new services like multi-currency accounts and debit cards.
The Services
The company offers a modern solution to traditional cross-border financial transactions. Their main service revolves around facilitating international money transfers at real exchange rates, effectively eliminating the hidden fees common with many banks. Users can send, spend, and receive money in multiple currencies, providing a seamless experience for those managing finances across borders. Additionally, Wise offers a multi-currency account, allowing customers to hold and convert over 50 currencies. This account comes with a debit card that can be used globally, ensuring currency conversion is at the real rate without markup. Through these offerings, Wise provides a transparent, efficient, and more affordable alternative for consumers whose lifestyles or personal circumstances demand a convenient way of transferring money internationally. Some examples of publicly traded companies that compete with Wise by offering a similar service are Western Union, MoneyGram, and PayPal.
A Global Platform
Operating in over 70 countries, the platform Wise provides handles transactions in a myriad of currencies, ensuring that users worldwide can execute cross-border transfers with ease. Their vast network is backed by a digital infrastructure that streamlines transfers and reduces costs. Through partnerships and integrations, Wise has made its mark not only with individual consumers but also with businesses seeking efficient international payment solutions.