Wise Shares Rally 8.5% Following Strong First-Half Results and $141 Billion in Payments

Cross-Border Volumes and Revenue Surge

Shares of Wise Group plc rose 8.55% to $11.87 on Friday following the release of the fintech firm's first-half fiscal 2027 financial report. According to Benzinga Pro data, the market reacted favorably to a 23% increase in reported net revenue, which reached $1.453 billion, alongside a 6% growth in net income to $249.2 million.

Co-founder and CEO Kristo Käärmann pointed to accelerated customer acquisition and infrastructure expansion as key drivers behind the performance. Total active customers expanded by 21% to 16.2 million, adding 4.1 million new users over the six-month period. Meanwhile, total cross-border transaction volume grew 24% to $141 billion, powered heavily by momentum in the U.S. and Asia-Pacific regions. Business-to-business transactions stood out with a 35% surge to $43.6 billion.

Infrastructure and Future Outlook

Wise continues to scale its global reach, achieving its ninth direct integration in Malaysia and extending services to Chile, Thailand, and Canada. The company also announced strategic partnerships with OakNorth, Vivid, and two major North American banks. Looking ahead, management forecasts fiscal 2027 constant-currency net revenue growth between 17.5% and 20%, positioning near the upper boundary of its medium-term targets.

"Wise recorded a 43% increase in card revenue, supported by a 33% increase in card spending to $27.2 billion."

What to watch next: Monitoring the execution of the ongoing share buyback program, which is projected to surpass $500 million, alongside the integration progress with North American banking partners.