Finance Financial Services Written by: Oliver Haill 02:31 Fri 26 Jun 2026 --> Edited by: Ian Lyall Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup News Service, Gracenote... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Wise Group PLC ( LSE:WISE NASDAQ:WSE ) View Price & Profile Wise unveils $500m share buyback after strong results Published: 02:31 26 Jun 2026 EDT Wise PLC (LSE:WISE, FRA:6WS) reported a sharp rise in profit and customer activity in the 2026 financial year and unveiled plans for a new share buyback worth at least $500 million. The money transfer and payments company said income before tax rose to $660.4 million, giving it a margin of 26%, ahead of its medium-term target range. Net revenue increased 19% to $2.5 billion, at the top end of its long-term growth target. Growth was driven by a 21% increase in active customers to 18.9 million and a 31% rise in cross-border volumes to $243.5 billion. The company also continued to expand beyond international transfers. Customer holdings rose 40% to $39 billion, while spending on Wise cards increased 37% to $43.6 billion. Chief executive and co-founder Kristo Käärmann said: "These investments helped us drive even better customer outcomes and support 19 million people and businesses move $243 billion across the world last year." During the year, Wise added direct connections to payment systems in Brazil and Japan, secured new licences in South Africa, the UAE and Thailand, and signed new platform partnerships including UniCredit and Raiffeisen Bank. Wise said it expected net revenue growth in the 2027 financial year to be around the middle of its 15-20% medium-term target range, with its income before tax margin around the top end of its 20-25% guidance range. Continue reading