WiseTech Global (ASX:WTC) Removed From S&P/ASX 50, FY26 Results Show Revenue Growth and Higher Integration Focus

Sonal Goyal

23 September 2026 04:15 PM AEST

WiseTech Global (ASX:WTC) Removed From S&P/ASX 50, FY26 Results Show Revenue Growth and Higher Integration Focus

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WiseTech Global Limited (ASX:WTC) was removed from the S&P/ASX 50 index following the September 2026 quarterly rebalance, while continuing to remain part of the S&P/ASX 100 and S&P/ASX 200 indices. The index changes were effective before the open of trading on 21 September 2026, with WiseTech among the companies removed from the S&P/ASX 50.

The index change came after WiseTech reported FY26 financial results, with Revenue increasing following the consolidation of e2open. The company reported higher operating cash flow, growth in CargoWise revenue and continued work on integration and product initiatives.

S&P/ASX 50 exit after quarterly rebalance

S&P Dow Jones Indices announced the September 2026 quarterly rebalance on 4 September 2026, with changes becoming effective before the market opened on 21 September 2026.

As part of the S&P/ASX 50 changes, WiseTech Global was removed from the index, alongside Cochlear. Mineral Resources and NEXTDC were added to the benchmark.

WiseTech remained included in the S&P/ASX 100 and S&P/ASX 200 indices following the rebalance.

FY26 revenue growth supported by e2open acquisition

WiseTech reported total revenue of US$1,395.9 million for FY26, representing a 79% increase compared with FY25. The company said revenue growth reflected the Acquisition of e2open, which was consolidated following completion on 4 August 2025.

Reported EBITDA increased to US$558.4 million, up 46% from FY25, while underlying EBITDA increased 56% to US$644.5 million. The company reported underlying EBITDA Margin of 46%.

Underlying net profit after tax increased 29% to US$313.5 million, while statutory NPAT was US$178.7 million, down 11% compared with FY25.

The company reported free cash flow of US$410.7 million, up 43% year-on-year, while underlying free cash flow reached US$489.6 million.

CargoWise growth and e2open integration progress

CargoWise revenue reached US$756.9 million in FY26, increasing 11% compared with FY25. The company attributed growth to customer expansion, Large Global Freight Forwarder rollouts, prior acquisitions and the introduction of CargoWise Value Packs.

More than 95% of CargoWise customers had moved to CargoWise Value Packs by FY26. WiseTech reported that new SME signings increased by approximately 55%, while overall new customer signings increased by approximately 30% following the introduction of the new commercial model.

During FY26, e2open generated US$541.2 million in revenue from 11 months of contribution. WiseTech stated that e2open’s underlying EBITDA margin was eight percentage points ahead of FY25 pro forma levels due to early delivery of cost synergies.

The company delivered approximately US$115 million in annualised run-rate cost savings during FY26. This included US$64 million from e2open, US$34 million through its AI Transformation program and US$17 million from an efficiency program.

Cash flow, Leverage and Balance Sheet position

WiseTech reported Operating Cash Flow of US$564.0 million during FY26, up 29% from FY25. Free cash flow increased 43% to US$410.7 million.

As at 30 June 2026, WiseTech reported a cash balance of US$343.5 million and Debt facilities of US$3.0 billion, with US$2.2 billion outstanding. The company’s net Leverage Ratio was 2.7 times at the end of FY26.

The company also continued Investment in product development, increasing Research and Development investment by 29% to US$340.7 million during FY26. It delivered 1,827 new product enhancements during the year.

AI initiatives and product expansion

WiseTech continued developing AI-related capabilities across its platforms. The company stated that internal AI adoption contributed to productivity improvements and product development initiatives.

The company also expanded VerifyWise following the acquisition of FRDM.ai, an AI-powered Supply chain risk and compliance intelligence platform. The acquisition is intended to support development of supply chain verification solutions.

For CargoWise, WiseTech continued expanding its AI capabilities and stated that it was developing AI agents designed to support logistics processes.

FY27 outlook and guidance

WiseTech provided FY27 guidance of revenue between US$1.48 billion and US$1.54 billion, representing growth of 6% to 10%. Underlying EBITDA guidance was set between US$725 million and US$780 million, representing growth of 12% to 21%, with underlying EBITDA margin expected between 49% and 51%.

The company said the outlook reflects expected adoption of the CargoWise commercial model, further development of AI capabilities and adoption of new products, including VerifyWise.

WiseTech noted that FY27 guidance assumes market conditions do not materially change and remains subject to factors including global trade conditions and industrial production trends.

Key Takeaways

WiseTech Global exited the S&P/ASX 50 following the September 2026 quarterly rebalance but remained part of broader ASX benchmarks. The company’s FY26 results showed revenue growth supported by the e2open acquisition, with CargoWise revenue increasing and cash generation improving. The company enters FY27 focused on CargoWise adoption, e2open integration, AI development and operating efficiency initiatives.

FAQs

Q: Why was WiseTech Global removed from the S&P/ASX 50?

A:WiseTech Global was removed from the S&P/ASX 50 as part of the September 2026 quarterly rebalance announced by S&P Dow Jones Indices. The company remained in the S&P/ASX 100 and S&P/ASX 200.

Q: What were WiseTech Global’s FY26 financial results?

A:WiseTech reported FY26 revenue of US$1,395.9 million, reported EBITDA of US$558.4 million, underlying EBITDA of US$644.5 million and underlying NPAT of US$313.5 million.

Q: What is WiseTech’s FY27 guidance?

A:WiseTech expects FY27 revenue of US$1.48 billion to US$1.54 billion and underlying EBITDA of US$725 million to US$780 million, with underlying EBITDA margin guidance of 49% to 51%.

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