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Wise Group to Launch Record Share Buyback Program Amid Net Revenue Jump in Fiscal 2026

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Wise Group to Launch Record Share Buyback Program Amid Net Revenue Jump in Fiscal 2026

Wise Group (WISE.L) unveiled plans to launch its largest-ever share buyback program amid its publication of fiscal 2026 results, marking its first financial reporting since shifting its primary listing to the US.

The dual-listed payments technology group disclosed intentions to launch a new share purchase program of more than $500 million. It said 60% of the allocation will be used to buy shares into treasury, while 40% is earmarked for the group's recurring employee share trust program.

"We want to remain opportunistic with our cash in terms of which decision we can take and any opportunity that may come up in the future. So yes, we will revisit on an annual basis our buyback, but this is clearly a clear component of our capital allocation," commented Chief Financial Officer Emmanuel Thomassin during the company's earnings call.

For the 12 months ended March 31, Wise reported a 19% year-over-year growth in net revenue to $2.50 billion, with nearly half coming from non-cross border revenue. Net income for the fiscal year decreased year over year to $498.7 million from $550.3 million.

For fiscal 2027, the group is targeting a net revenue improvement in the middle of its affirmed medium-term guidance for a compound annual growth rate in the 15% to 20% range, based on constant currency.

UK shares of the company rose more than 7% in early trading on Friday.

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