Wise
WSE · NasdaqServices-Business Services, NEC · Fiscal year ends Mar 31
Wise reported revenue of $1.9B in the fiscal year ended Mar 2026, up 22.5% from the year before. Operating income was $591M, an operating margin of 31.2%, and net income was $499M. Operating cash flow of $7.6B less capital expenditure of $20M left free cash flow of $7.5B. It held more cash than debt (net cash $27.5B).
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Revenue | $1.3B | $1.5B | $1.9B |
| Operating income | $650M | $728M | $591M |
| Interest expense | $24M | $15M | $20M |
| Pre-tax income | $657M | $718M | $660M |
| Income tax | $155M | $167M | $162M |
| Net income | $502M | $550M | $499M |
| Diluted EPS | 47.81 | 52.63 | 48.43 |
| Diluted shares | 1,049M | 1,046M | 1,030M |
Balance sheet
| Fiscal year | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Cash & equivalents | $13.2B | $18.1B | $27.8B |
| Receivables | – | $348M | $391M |
| Current assets | – | $24.6B | $33B |
| Total assets | – | $24.8B | $33.3B |
| Deferred revenue | – | $15M | $23M |
| Current liabilities | – | $22.9B | $30.8B |
| Short-term debt | – | $128M | $6M |
| Long-term debt | – | $0 | $329M |
| Total liabilities | – | $23B | $31.3B |
| Shareholders' equity | $1.2B | $1.7B | $1.9B |
Cash flow
| Fiscal year | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Operating cash flow | $4.1B | $5.7B | $7.6B |
| Capital expenditure | $13M | $44M | $20M |
| Free cash flow | $4.1B | $5.7B | $7.5B |
| Depreciation & amortisation | $14M | $10M | $14M |
| Stock-based compensation | $91M | $75M | $96M |
Key ratios
| Fiscal year | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Revenue growth (YoY) | – | 16.9% | 22.5% |
| Operating income growth (YoY) | – | 12.0% | −18.9% |
| EPS growth (YoY) | – | 10.1% | −8.0% |
| Operating margin | 49.1% | 47.1% | 31.2% |
| Net margin | 37.9% | 35.6% | 26.3% |
| Return on equityBlank when equity is negative | 43.0% | 31.7% | 25.9% |
| ROCEEBIT ÷ (assets − current liabilities) | – | 38.6% | 24.1% |
| Free cash flow margin | 307.0% | 367.0% | 397.9% |
| Cash conversion (CFO ÷ net income) | 8.13x | 10.4x | 15.1x |
| Receivable days | – | 82 | 75 |
| Interest cover | 27.0x | 48.5x | 30.3x |
| Debt ÷ equity | – | 0.07x | 0.17x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | – | −$17.9B | −$27.5B |
| Current ratio | – | 1.07x | 1.07x |
Recent filings
More in Services-Business Services, Nec
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.