WISE: Continued Pricing Adjustments and Platform Push in FY27

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WISE: Continued Pricing Adjustments and Platform Push in FY27

Payments, Processors, & IT Services

Payments & Processors - Market Overweight

WISE PLC CLASS A (WISE-GB) June 26, 2026

WISE: Continued Pricing Adjustments and Platform Push Rating:

in FY27 Peer Perform

Price:

£8.30

The Wolfe Byte Price Target:

WISE-GB reported earnings aftermarket today. Results were in line on net revenue NA

and net income, and guidance was slightly below the Street. Wise continues to View WISE-GB Model

View Comp Tablefocus on cost efficiency driven price adjustments and disciplined investment to

drive volume and customer growth. Company Information

52-Week Range £8 - £12

Market Cap. (MM) £8,509

Enterprise Value (MM) £7,433

●WISE-GB reported earnings aftermarket which came in line on net revenue Shares Out. (MM) 1,025.2

and net income. Management introduced FY27 guidance and reiterated Avg. Value Traded (MM) £7.36 SI% of Float 0.7%

medium-term guidance. Overall, we are constructive on the company's cost plus

pricing model, but we also recognize a highly competitive remittance industry. 12

We maintain our Peer Perform rating and lower our fair value range to £8-£10 11.5

(from £10-£12) predicated on 16-20x our FY28 EBT estimate of $789mn (GBP/ 10.5

USD: 1.32). 9.510

8.5

●Pricing Adjustments: As a reminder, Wise consistently reduces its cross-border 7.58

take rate as the company generates cost efficiencies via incremental licenses Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26

and direct partnerships across geographies. By reducing price, Wise sustains its Source:WISE-GBFactSet

cost plus model and a relatively consistent income before taxes margin profile.

Priced as of 06/25/26

Looking forward, Wise expects to continue executing on this strategy, but does