Wise Reports Strong Revenue Growth in Second Quarter
The fintech company generated $739 million in net revenue as total payment volume climbed to $72 billion.
Updated on Oct. 31, 2026 in Financial Services
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Wise reported $739 million in net revenue for the second quarter of fiscal year 2027, representing a 21% increase year-on-year. The results follow a period of growth that brought the company's active customer base to 12.5 million.
Why it matters
Net revenue growth was primarily supported by net interest income, despite a decline in gross yields on customer balances. The company is now targeting full-year net revenue growth of 17.5-20% as it navigates the current interest-rate environment.
Wise reported $739 million in net revenue for the second quarter, while card and other revenue rose 34% year-on-year to $206 million. Total payment volume reached $72 billion, and total customer holdings stood at $44 billion.
The players
Wise
A global technology company that builds the best way to move money around the world.
Jefferies
A global financial services firm that provides research and investment banking services.
The details
Card and other revenue now accounts for 27% of the company's total net revenue. Additionally, the company has completed 39% of a planned $550 million share buyback program, having repurchased 17 million shares at an average price of $12.10.
Timeline
July 2026: Share buyback program began.
16 October 2026: Jefferies published a research note on the company.
12 November 2026: Full first-half results are due.
March 2027: Share buyback program is scheduled to end.
Market Landscape
The firm's performance reflects the ongoing integration of interest-income models within the digital payments sector. This strategy helps the company maintain its competitive position against legacy cross-border financial services providers.
Customers may experience changes in service offerings as the company balances its net interest income against shifting interest rates. These financial adjustments are part of a broader push to grow card-based revenue, which currently makes up over a quarter of total intake.
The takeaway
Wise continues to pivot toward a diversified revenue model that relies increasingly on card services and interest income. Investors should monitor how the firm balances these streams against upcoming regulatory developments in international markets.
What happens next
Wise is scheduled to release its full first-half fiscal 2027 results on 12 November 2026.
Further reading
For more on the sector, visit Financial Services.
Source note: This article includes information reported by The Fintech Times.
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