Wise expects fiscal 2027 net revenue growth to reach the upper half of its 15% to 20% target range. The company raised its outlook after second-quarter revenue and cross-border payment volumes increased.
Net revenue rose 21% year over year to $739.1 million in the quarter ended September 30. Customers transferred $71.7 billion across borders, up 22%.
Meanwhile, active customers grew 20% to 12.5 million.
The figures show how Wise can earn more even while lowering the average rate it collects on transfers.
Its cross-border take rate fell to 0.49% from 0.52% a year earlier. Wise says it has been cutting prices to attract customers and strengthen its position.
How volume and take rate affect revenue
A take rate measures revenue from cross-border transfers against the total amount customers send.
For example, if a provider moves more money, it may generate more transaction revenue even when it earns slightly less on each dollar transferred.
Wise’s latest results illustrate that balance. Transfer volumes grew faster than the take rate declined. As a result, cross-border transaction revenue increased 22% to $561.3 million.
The take rate can also change with customer and payment mix, so it does not represent one universal fee for every transfer.
Wise is also expanding beyond transfers. Customer holdings on its platform reached $43.5 billion, up 28% year over year.
Card spending rose to $14.3 billion. In addition, 78% of transfers arrived instantly, compared with 74% a year earlier.
These services may encourage customers to use Wise for more of their daily financial activity.
The company maintained its income-before-tax margin outlook around the top of its 20% to 25% target range.
However, Wise said one-off expenses will affect its first-half margin. The company linked some of those costs to its dual listing.
Analysts will assess whether revenue growth can continue while Wise invests in lower prices, products and infrastructure.
U.S. licensing remains a separate challenge
Wise’s U.S. expansion faces a regulatory hurdle. In July, the Office of the Comptroller of the Currency denied its application for a national trust bank charter.
Wise said the decision does not affect its current U.S. services under existing money transmitter licenses. It also said it plans to submit a new application under the GENIUS Act framework.
A national trust bank charter could change how Wise connects to U.S. payment systems.
Still, the company’s current growth figures reflect its existing business, not approval of a new license.
Therefore, investors will watch both customer activity and Wise’s progress with regulators.
For now, the second-quarter update points to a growing payments network. Wise moved more money, served more active customers and lowered its take rate.
The challenge will be sustaining that momentum while keeping costs and margins under control.
