Wise reports cross-border, card and business growth in H1 2027 

Wise has reported its H1 2027 earnings, covering calendar Q2 and Q3 2026, seeing net revenue grow 23% YoY to $1.45bn, driven by strong growth across the business.

In H1, Wise saw its cross-border volume increase 24% to $141bn, driven by growth in the US and APAC, where volumes increased 30% and 28% YoY respectively. Wise’s business customer cross-border volume grew 35% to $43.6bn, with personal cross-border volume seeing slower 19% YoY growth to $97.5bn. While personal volume growth remains strong, Wise’s business customers continued to grow their share of overall volumes, reaching 31% – up from 28% in H1 2026.

This volume growth drove a 19% increase in cross-border revenue to $705m – which came despite a 2 bps reduction in Wise’s cross-border take rate to 0.5% as the global money transfer company continued to invest in lowering prices for customers and increasing its competitive advantage.

Meanwhile, Wise card revenue saw faster 43% YoY growth to $252m, which came as a result of card spend volume increasing 33% YoY to $27.2bn. CEO Kristo Käärmann noted that Australia saw particularly strong card spend growth of 50% YoY. Other revenue, which includes additional customer activities including domestic transactions and investment in Wise’s asset products, rose 27% to $145.2m.

Overall, Wise’s transaction revenue grew 25% YoY, reaching $1.1bn – up from $883m in H1 26. The company’s interest income on customer balances increased 16% YoY to $463.6m, driven by a 22% rise in Wise account balances to $32.1bn at the end of September. During the earnings call, CFO Emmanuel Thomassin explained that interest income growth was lower than balance growth due to “slightly lower” yields caused by average central bank rates dropping to 2.9%, down from 3.2% last year. 

Wise continues to invest in future growth, increasing spending on infrastructure and marketing in H1 27. During this period, the company invested $292m in tech development, growing its engineering team to over 1,300.

Meanwhile, Wise’s marketing and sales spend reached $112m (up 46% YoY), resulting in the company seeing “a notable increase in fund awareness” in the likes of Australia, the US and Brazil. During H1 27, Wise said more than four million individuals and businesses completed their first cross-border transaction with the company.

Thomassin also provided an update on the company’s AI usage, reporting that around 50% of its customer services chatbot replies were automated, while its employees are leveraging AI tools to boost efficiency with customers, resulting in 95% of cases being resolved within 12 hours in H1 – an increase of 25% YoY.

Wise saw its income before tax grow 9% to $334.9m, giving a margin of 23%. For FY 2027, the money transfer company currently expects net revenue growth of 17.5-20% on a constant currency basis.