Highlights

  • WiseTech Global (ASX:WTC) recorded FY26 revenue of USD 1,395.9mn, up 79% YoY.
  • CargoWise revenue reached USD 756.9mn, an increase of 11% YoY.
  • Underlying EBITDA increased 56% YoY to USD 644.5mn, while statutory NPAT declined 11%.
  • October 2026 CargoWise integrations expanded marine terminal and air cargo connectivity.

WiseTech Global Limited (ASX:WTC) develops software used to manage international freight, customs, transport and supply chain processes. The company reported substantial FY26 revenue growth after consolidating the e2open business, while its statutory profit declined despite higher underlying earnings. Its latest operational releases describe continued connectivity work across CargoWise, including marine terminal appointment automation and air cargo booking systems. These developments place product integration, profitability and cash generation among the main areas of attention following the annual result.

Company Business

WiseTech Global (ASX:WTC) supplies logistics execution technology to freight forwarders, customs brokers, transport businesses and other participants in international trade. Its CargoWise platform brings shipment management, accounting, compliance, documentation and operational workflows into a common software environment. Customers use these tools across multiple countries, transport modes and regulatory jurisdictions, making consistent data exchange an important component of the offering.

The e2open business broadens the group’s exposure to supply chain planning, transportation management and collaboration between trading partners. WiseTech also operates complementary technologies associated with electronic trade documents, airline connectivity and landside transport. Software subscriptions, usage-based activities and other service arrangements contribute to recurring revenue, although acquisition-related accounting and integration costs affect comparisons between reporting periods.

Recent Development

In August 2026, WiseTech Global (ASX:WTC) published its FY26 results for the year ended 30 June. Consolidated revenue of USD 1,395.9mn included USD 541.2mn from e2open, while the business excluding e2open generated USD 854.8mn. Management reported approximately USD 115mn in annualised run-rate cost savings achieved during FY26, reflecting its restructuring and integration programme. CargoWise Value Packs, introduced in December 2025, formed another element of the company’s product and commercial changes.

Operational announcements have continued after the financial year-end. On 20 October 2026, the company announced that CargoWise Landside Transport Management Systems had been integrated with Dray Dog terminal appointment software. The arrangement enables automated appointment information to flow into dispatch workflows, with the stated aim of reducing duplicate entry. Earlier in October, CargoWise announced integrations with air cargo booking arrangements and a New Zealand port community system, extending electronic data connections across different parts of freight movement.

These releases describe product functionality and connectivity rather than disclosing separate financial contributions. The extent to which additional integrations translate into customer adoption, transaction activity or future revenue will depend on subsequent operating disclosures.

Financial Performance and Sector Context

For FY26, WiseTech Global (ASX:WTC) reported total revenue of USD 1,395.9mn versus USD 778.7mn in FY25, representing 79% YoY growth. CargoWise revenue increased 11% YoY to USD 756.9mn from USD 682.2mn. Acquisition consolidation was a major contributor to the overall revenue change, meaning total growth and underlying product expansion should be considered separately when assessing performance.

Reported EBITDA rose 46% YoY to USD 558.4mn, compared with USD 381.6mn. However, the reported EBITDA margin decreased from 49% to 40%. Underlying EBITDA rose 56% to USD 644.5mn, with the corresponding margin at 46% against 53% a year earlier. Underlying net profit after tax increased 29% to USD 313.5mn, whereas statutory net profit declined 11% to USD 178.7mn from USD 200.7mn. The statutory outcome reflects a different cost and financing profile following the acquisition.

The FY26 annual report recorded free cash flow of USD 410.7mn, up 43%, and underlying free cash flow of USD 489.6mn, up 67%. Research and development expenditure reached USD 340.7mn, equivalent to approximately 24% of group revenue. The company’s software markets are influenced by global trade activity, customer technology budgets, compliance requirements and the operational complexity of transport networks. Currency movements also affect reported results for a business with international operations.

Risks to Consider

WiseTech Global (ASX:WTC) faces execution requirements associated with combining e2open’s products, teams and systems with its existing software portfolio. The decline in reported margins illustrates how a larger consolidated business can change group economics. Integration and restructuring expenditure, finance costs, cybersecurity requirements and competition may influence profitability. Freight volumes, customer implementation schedules and regulatory developments can also alter software usage and purchasing decisions. Benefits from announced technology connections are not assured.

What to Watch Next

Investors following WiseTech Global (ASX:WTC) can monitor disclosures on e2open integration, the conversion of annualised savings into reported operating costs, and the performance of CargoWise Value Packs. Other indicators include CargoWise revenue growth, recurring revenue, reported and underlying margins, financing expenses and free cash flow conversion. Updates on customer deployments and adoption of newly announced connections will help distinguish product expansion from realised financial contributions. Future reporting will also clarify the effect of acquisition integration on group profitability.

Key Insights

WiseTech Global (ASX:WTC) delivered a marked increase in FY26 consolidated revenue and underlying earnings, with e2open substantially affecting year-on-year comparisons. CargoWise revenue increased at a lower rate, while statutory profit and group margins reflected additional operating and financing costs. October 2026 integration announcements demonstrate ongoing development of logistics connectivity. Subsequent financial releases will provide evidence on integration costs, recurring demand and cash generation across the enlarged software group.