What did WiseTech Global (ASX:WTC) report for its 2026 financial year, and why does it matter now? The logistics software group released its FY26 results on 26 August 2026, showing a Business transformed in size by the e2open acquisition, with Revenue of US$1,395.9 million, up 79% on the prior year. The result, together with a change in index membership in September, frames the company's position as it heads into FY27.

WiseTech reports in US dollars, so the figures below are US dollars unless stated. For the year ended 30 June 2026, the company reported total revenue of US$1,395.9 million, with Recurring Revenue making up about 95% of the total. Reported EBITDA was US$558.4 million, up 46%, while underlying EBITDA was US$644.5 million, up 56%. Statutory net profit after tax was US$178.7 million, down 11%, whereas underlying net profit after tax rose 29% to US$313.5 million.

The gap between statutory and Underlying Profit is worth understanding. Underlying measures exclude certain items, and in a year with a large Acquisition those adjustments can be significant. Readers should treat the underlying figures as management's preferred view, and the statutory figures as the audited baseline.

Cash generation was solid. Operating Cash Flow was US$564.0 million and free cash flow was US$410.7 million, up 43%. The final Dividend was 8.8 US cents per share, fully franked, equal to roughly 17% of underlying profit.

What drives the business

WiseTech's flagship product is CargoWise, a single-platform system used by freight forwarders and logistics providers to manage shipments, customs, Warehousing and billing. Revenue is largely recurring, tied to transaction volumes and user numbers, and customers tend to embed the software deeply in daily operations. That can make switching costly, although it also means the company depends on the health of global trade.

CargoWise revenue in FY26 was US$756.9 million, up 11%, with an underlying EBITDA Margin of 53%. The company said it secured 61 large global freight forwarder rollouts, including 13 from the top 25 global forwarders. Those rollouts are long-dated projects, so their revenue contribution builds gradually rather than arriving at once.

The e2open business, acquired with completion on 4 August 2025, contributed US$541.2 million of revenue for roughly eleven months. e2open provides Supply chain software, and WiseTech said its underlying margin was 8 percentage points ahead of the FY25 pro forma level. A further US$97.9 million came from other non-CargoWise products. Because e2open was only part of the prior-year comparison, much of the 79% headline growth reflects the acquisition rather than organic expansion.

Efficiency, AI and pricing

Management highlighted about US$115 million of annualised run-rate savings, comprising US$64 million from e2open integration, US$34 million from an AI transformation programme and US$17 million from other efficiency work. The company also reported investing US$340.7 million in research and development, about 24% of revenue.

It described a new CargoWise Value Packs pricing and packaging approach as having more than 95% customer adoption, with new signings up roughly 30% overall. These are company-reported figures and have not been independently audited in the form presented. Whether AI tools ultimately deepen WiseTech's moat or lower the barriers for rivals is an open question, and it is a debate across the whole software sector.

Guidance for FY27

Guidance is management's expectation, not a reported result. For FY27, WiseTech guided to revenue of US$1,480 million to US$1,540 million, roughly 6% to 10% growth, and underlying EBITDA of US$725 million to US$780 million. The implied underlying EBITDA margin is 49% to 51%, compared with 46% in FY26.

That margin step-up depends heavily on cost savings being delivered as planned. Guidance can change, and the company's own wording and any later updates should take precedence over summaries such as this one.

Index status and governance

On the index question, S&P Dow Jones Indices announced its September 2026 quarterly rebalance, effective before the market opened on 21 September 2026. WiseTech was removed from the S&P/ASX 50, alongside Cochlear, with Mineral Resources and NEXTDC added. It was not listed among the S&P/ASX 200 deletions, and the S&P/ASX 100 changes named only Codan as an addition and Atlas Arteria as a deletion. On that basis, the company's membership of the S&P/ASX 200 appears unchanged.

Governance has also been in focus. The company separated the chair and chief executive roles in February 2025, and Zubin Appoo was named permanent chief executive on 28 July 2025. Raelene Murphy became independent board chair on 7 July 2026, and Tim Ebbeck joined as an independent director and audit and risk committee chair on 1 September 2026. The board now has five independent non-executive and two executive directors.

Risks and what to monitor

Several risks are visible from the company's own disclosures. Net Leverage was 2.7 times, within the company's stated ceiling of 3.0 times, with about US$2.2 billion drawn from a US$3.0 billion Facility and cash of US$343.5 million. Debt costs and covenant headroom therefore matter more than they did before the acquisition.

Integration is another area to watch. Combining e2open with CargoWise, achieving the planned savings and retaining customers all carry execution risk. Global trade volumes, Tariff policy and freight-market conditions can also influence transaction-linked revenue, and competition from other logistics and supply chain software providers continues.

Finally, regulatory and governance matters remain relevant after the board changes. Investors typically track the next ASX announcements, the first-half FY27 result, progress on large rollouts, the pace of cost savings against the US$115 million target, and any change to guidance.