Earnings call transcript: Wise posts strong H1 2027 growth as stock slips

Wise reported impressive H1 2027 financials, with net revenue climbing 23% year-over-year to $1.498 billion, while income before tax hit $335 million, resulting in a healthy 23% margin. However, the company's stock remained relatively flat and closed lower by 0.57% at $830.6. Growth was driven by higher transaction revenue, card spending, interest income, and expansion within the Wise Platform.

Strong performance came from a 24% increase in cross-border volume to $141 billion and a 16 million customer base utilizing the platform. Cross-border transaction revenue rose 25% to $1.1 billion, and card revenue climbed 43% to $252 million. Interest income increased 16% to $464 million, and other revenue expanded 27% to $145 million.

Customer balances grew to $32 billion, up 22% year-over-year, and Wise Assets holdings surged over 50% to $12 billion. Despite the strong results, Wise's stock showed little movement, with a 0.57% decline from the previous close.