Key Highlights

  • FY26 Revenue rose 79% to USD 1,395.9 million.
  • The e2open Acquisition substantially expanded the group.
  • FY27 revenue guidance indicates growth of 6–10%.
  • Integration and regulatory matters remain significant considerations.

WiseTech Global Limited (ASX:WTC) operates in its established Business markets. On 26 August 2026, the company announced its FY26 results following the e2open acquisition.

CargoWise and e2open Operations

The company has increasingly moved CargoWise customers onto "Value Packs", a commercial model that bundles functionality. Management said more than 95% of CargoWise customers had transitioned by the time of the FY26 result.

In 2025 WiseTech completed the acquisition of e2open, a US-based Supply chain software group. The deal broadened WiseTech's reach from freight forwarding into wider supply chain planning, transport management and trade compliance, and it substantially increased the group's size.

WiseTech reports in US dollars, and its financial year ends on 30 June. On 26 August 2026 it reported FY26 revenue of US$1,395.9 million, up 79%. Of that, e2open contributed US$541.2 million, so the headline growth rate largely reflects the acquisition rather than organic expansion alone.

FY26 Financial Performance

Underlying EBITDA rose 56% to US$644.5 million, . Reported EBITDA increased 46% to US$558.4 million, within the company's guidance range. Underlying net profit after tax rose 29% to US$313.5 million. Statutory net profit fell 11% to US$178.7 million, reflecting acquisition-related and other costs.

Cash generation was a positive feature. Free Cash Flow rose 43% to US$410.7 million. The company also said cost programmes, including greater use of artificial intelligence in its operations, had delivered about US$115 million in annualised savings. The board increased the final dividend.

One was the outlook. FY27 guidance calls for total revenue growth of 6% to 10%, to between US$1.48 billion and US$1.54 billion, and underlying EBITDA growth of 12% to 21% at a Margin of 49% to 51%.

FY27 Guidance and Regulatory Developments

The new investigation follows an earlier ACCC process. In January 2026 the regulator announced it had accepted a court-enforceable undertaking requiring the divestment of Expedient, an Australian and New Zealand logistics software business that WiseTech acquired as part of e2open.

Reports on the August search Warrant noted that WiseTech's filing did not link the new investigation to Expedient. Investors therefore have limited information about its scope, and the timetable for any outcome is unknown.

WiseTech has spent much of the past two years dealing with governance questions, including board turnover and scrutiny of founder Richard White's role. With the FY26 result, the company highlighted a restructured board, the appointment of Zubin Appoo as permanent chief executive and a move to an independent chair model.

Integration Risks and Milestones

CargoWise is deeply embedded in the operations of many large global freight forwarders, and switching costs are high. That gives WiseTech a encouraging competitive position, but it is also why regulators pay close attention to its acquisitions.

Trade Volatility can cut both ways. Changing tariffs and customs rules increase Demand for compliance tools, which WiseTech has been expanding, including through its acquisition of FRDM.ai to support its VerifyWise offering. At the same time, weaker shipping volumes can slow usage-based revenue.

The main risks include the scope and outcome of the ACCC investigation, the pace of e2open integration and cost savings, customer reaction to pricing changes, and exposure to global trade volumes.

The next scheduled milestone is the half-year result for the six months to 31 December 2026, expected in February 2027. Investors will look for evidence of organic growth, progress towards the 49% to 51% EBITDA margin range, Debt reduction and any update on the regulatory investigation.

Key Insights

WiseTech Global Limited (ASX:WTC) faces a period in which operational delivery and reported financial performance will be important measures of progress. The company’s stated targets should be distinguished from completed results, while the risks identified above remain relevant to execution.