Wise Posts $739.1M Q2 Revenue, Lifts Full-Year Growth Guidance
WSE sits 16% above its 52-week low of $10.36 on elevated volume (2.4× avg).
Summary
Wise reported Q2 FY27 net revenue of $739.1M, up 21% year over year, and now sees FY27 net revenue up 17.5%-20%, the upper half of its 15-20% target range. The beat-and-raise lands after a rough stretch: the OCC denied its national trust bank charter application in July, and the company is negotiating a bulk settlement with HMRC over incorrect tax statements tied to third-party software errors. The guidance raise is the key item — it tells traders the core money-transfer business is accelerating despite the regulatory setbacks. Watch for details on the HMRC settlement and any update on the buyback, which is running under the $540M program launched in July.
Updated with an SEC 6-K filing · What changed
Updates
· SEC 6-K — Wise's Q2 FY27 net revenue rose 21% to $739.1M; FY27 net revenue growth guidance is now the upper half (17.5%-20%) of the 15-20% target range.
At the time of this announcement, WSE was trading at $11.98 on NASDAQ in the Finance sector, with a market capitalization of approximately $14.4B. The 52-week trading range was $10.36 to $17.47. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.