Key Highlights

  • Wisetech Global reported FY26 total revenue of US$1,395.9 million, up 79% on FY25, reflecting the e2open acquisition.
  • Statutory NPAT was US$178.7 million, down 11%, while underlying NPAT was US$313.5 million, up 29%.
  • FY27 guidance is revenue of US$1.48 billion to US$1.54 billion and underlying EBITDA of US$725 million to US$780 million.

Wisetech Global Ltd (ASX:WTC) shares were priced at $38.125 during the trading session on 19 October 2026, up 1.37%. The company provides CargoWise, a logistics execution software platform, and now also operates the e2open supply chain business following an acquisition. On 26 August 2026, Wisetech Global released its FY26 results announcement, covering revenue, earnings, cash flow, dividends, product activity and FY27 guidance. The share price data relates only to the 19 October 2026 session and is separate from the release date.

FY26 financial results

All figures in the release are in US dollars. Total revenue was US$1,395.9 million, up 79% on FY25, which the company attributed to the acquisition of e2open. Reported EBITDA was US$558.4 million, up 46%, with a margin of 40% compared with 49% a year earlier. Underlying EBITDA was US$644.5 million, up 56%, at a margin of 46%.

Statutory net profit after tax was US$178.7 million, down 11%, which the company linked to interest and amortisation expense associated with the e2open acquisition. Underlying NPAT was US$313.5 million, up 29%, and underlying earnings per share were 94.0 US cents. Free cash flow was US$410.7 million, up 43%, and operating cash flow was US$564.0 million, up 29%.

A fully franked final dividend of 8.8 US cents per share was declared, up 14% and equal to 17% of underlying NPAT. The record date was 14 September 2026 and the payment date was 9 October 2026.

CargoWise, e2open and cost programs

CargoWise revenue was US$756.9 million, up 11%. The release states that more than 95% of CargoWise customers are on the CargoWise Value Packs commercial model introduced in December 2025, with new SME signings up about 55% and overall new signings up about 30% since its introduction. The company reported 61 large global freight forwarder rollouts, including 13 of the top 25 global freight forwarders, and twelve further forwarders that are contracted with more than 75% of expected volume not yet live.

The e2open business contributed US$541.2 million of revenue over 11 months. The company said its underlying EBITDA margin was 8 percentage points above the FY25 pro forma level. Annualised run-rate cost savings of about US$115 million were reported, made up of US$64 million in e2open, US$34 million from an AI Transformation program that involved a reduction of about 1,200 roles globally, and US$17 million from an efficiency program.

Balance sheet, product and other activity

At 30 June 2026, US$2.2 billion of a US$3.0 billion debt facility was outstanding, alongside cash of US$343.5 million. Net leverage was 2.7 times, against a previously guided level of about 3 times. Research and development investment rose 29% to US$340.7 million, equal to 24% of revenue.

Other items in the release include the July 2026 go-live of Container Transport Optimization, the acquisition of FRDM.ai to develop the VerifyWise compliance platform, and a New Zealand customs tariff management portal that is on track to be live in production in the first half of calendar 2027.

Sector backdrop

Wisetech Global operates in logistics and supply chain software, where demand is tied to global trade flows, freight volumes and the pace at which forwarders and shippers digitise processes. Software providers in this area are commonly assessed on recurring revenue, customer rollouts and cost structures, alongside the adoption of AI tools in customer workflows. The release itself notes that FY27 guidance reflects current supply chain volume trends and that changes in industrial production or global trade, in either direction, may affect it. Several ASX-listed technology companies report in US dollars, which can also affect how results compare with Australian-dollar peers.

Risks shareholders should weigh

The press release and the wider operating environment point to several considerations that shareholders may wish to weigh:

  • Guidance is provided on the basis that market conditions do not change materially, and the company states that the lower end assumes growth in line with FY26 and modest adoption of new initiatives.
  • Margins were lower in FY26: reported EBITDA margin fell 9 percentage points and underlying EBITDA margin fell 7 percentage points, which the company attributed to the lower-margin e2open business.
  • Recurring revenue was 95% of total revenue compared with 98% in FY25, and statutory profit declined while restructuring costs of US$67.1 million were recorded.
  • Some growth levers carry customer dependencies, including migrating the remaining 5% of commitment-based customers to the new commercial model and adoption of AI agents and VerifyWise.
  • Debt of US$2.2 billion remains outstanding, and the deleveraging path depends on the company meeting its earnings and cash flow targets.

What's next

FY27 guidance is for revenue of US$1.48 billion to US$1.54 billion (growth of 6% to 10%), underlying EBITDA of US$725 million to US$780 million (growth of 12% to 21%) and an underlying EBITDA margin of 49% to 51%. The company targets net leverage of about 2.2 times by the end of FY27 and below 2.0 times in FY28. Items scheduled in the release include the migration of the remaining commitment-based customers to Value Packs during FY27 and the New Zealand tariff management portal going live in the first half of calendar 2027.