Wise (WSE) investor relations material

Executive summary

• Active customers grew 21% year-over-year to 11.9 million, with cross-border volume up 26% to $69.3 billion and customer holdings rising 31% to $41.2 billion.

• Net revenue reached $714 million, a 25% increase year-over-year, with transaction revenue up 27% to $541 million.

• 77% of transactions were instant, up from 70% a year ago.

Financial highlights

• Cross-border revenue was $350 million, up 22% year-over-year, while card and other revenues grew 38% to $191 million.

• Interest income from customer balances was $225 million, up 15% year-over-year, with average yield between 2.9% and 3.3%.

• Cross-border take rate declined to 0.50%, the lowest recorded.

Outlook and guidance

• Net revenue growth for FY2027 is expected around the midpoint of the 15%-20% range on a constant currency basis.

• Income before tax margin is guided to the high end of the 20%-25% range, with H1 expected to be slightly above this.

• Take rate is expected to decline by 1-2 basis points per quarter through the year.