Wise Raises Revenue Outlook As Volumes Jump
Money transfer firm Wise raised its full year revenue growth outlook to the upper end of its target range following strong customer growth and a surge in cross border payment volumes. Second quarter net revenue grew 21 percent even as shares dipped slightly in London trading.
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Wise plc raised its fiscal 2027 net revenue growth forecast toward the upper end of its target range after second-quarter revenue surged 21% to $739.1 million. The upgrade followed a 22% jump in cross-border payment volumes to $71.7 billion amid robust global customer acquisition. Investors responded cautiously as higher one-off expenses tempered earnings visibility.
