WiseTech Global (ASX:WTC) Shares Face a Difficult Year - Here’s What Investors Are Watching

Sonal Goyal

06 October 2026 06:41 PM AEDT

WiseTech Global (ASX:WTC) Shares Face a Difficult Year - Here’s What Investors Are Watching

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WiseTech Global Limited (ASX:WTC), a developer of software for the logistics, global trade and Supply chain industries, has recorded one of the weaker share price outcomes among ASX-listed technology companies over the past year. WiseTech Global Limited (ASX:WTC) shares were priced at $31.90, down 2.54% in today’s session, and are down 63.87% over the past year. The company released its FY26 results for the twelve months ended 30 June 2026 on 26 August 2026, which included the first period of consolidation of e2open.

For context, the S&P/ASX 200 Info Tech [XIJ] (INDEXASX: XIJ) stood at 1,684.00, down 2.90% (−50.30 points) today as of 6 Oct, and is down 42.73% over the past year. Meanwhile, the S&P/ASX 200 stood at 8,735.70, up 0.57% (+49.30 points) today, and is down 2.74% over the past year.

Business Model and Operational Footprint

WiseTech provides software for logistics service providers, with its flagship CargoWise platform used for freight forwarding, customs and related processes. The company serves more than 20,000 logistics companies and other industry participants across 193 countries, including 47 of the top 50 global third-party logistics providers and 24 of the 25 largest global freight forwarders.

The Acquisition of e2open, which completed on 4 August 2025, expanded the network to more than 500,000 connected enterprises across manufacturing, logistics, channels and distribution. WiseTech describes five markets in which it now operates: logistics and transport, connected supply chain orchestration, trade finance and banking, customs, border and government, and verified identity, trust and data. The company is based in Alexandria, New South Wales, and reports in US dollars.

Revenue is largely recurring. CargoWise generated US$756.9 million in FY26, while e2open contributed US$541.2 million from eleven months of consolidation.

Sector Dynamics

Logistics software sits within an ASX technology sector that has declined sharply over twelve months, with the S&P/ASX 200 Info Tech index down 42.73% against a 2.74% decline for the S&P/ASX 200. WiseTech’s 63.87% fall is similar to those of Xero Ltd (ASX:XRO), down 64.67%, and Siteminder Ltd (ASX:SDR), down 63.76%.

Software providers are adjusting commercial models and workforce structures as AI tools alter development and Customer Service costs. In freight and trade software, customer volumes depend on global trade activity and industrial production, which WiseTech notes as a Factor in its guidance. Regulatory requirements covering customs, supply chain verification and modern slavery compliance are also influencing Demand for compliance tools.

FY26 Results Release

Total Revenue was US$1,395.9 million, up 79%, reflecting e2open. Reported EBITDA was US$558.4 million, up 46%, with a 40% margin, down nine percentage points. Underlying EBITDA was US$644.5 million, up 56%, with a 46% margin. Statutory NPAT fell 11% to US$178.7 million, while underlying NPAT rose 29% to US$313.5 million. Free Cash Flow was US$410.7 million, up 43%. The final Dividend was 8.8 US cents per share, up 14%, fully franked, payable on 9 October 2026.

The company reported about US$115 million of annualised run-rate cost savings, including US$64 million at e2open and US$34 million from an AI transformation programme that involved a reduction of about 1,200 roles globally. Net Leverage was 2.7x at 30 June 2026, with US$2.2 billion of a US$3.0 billion Debt Facility outstanding and cash of US$343.5 million.

CargoWise Value Packs, a new commercial model launched in December 2025, covers over 95% of CargoWise customers, with new SME signings up about 55% and overall new signings up about 30%. FY27 guidance is revenue of US$1.48 billion to US$1.54 billion, underlying EBITDA of US$725 million to US$780 million and a Margin of 49% to 51%.

Growth Catalysts and Critical Operating Risks

Identified growth catalysts include migration of the remaining commitment customers to the new commercial model, twelve large global freight forwarder rollouts that are contracted but not yet fully live, the New Zealand Customs Tariff Management Portal, VerifyWise and the FRDM.ai acquisition, Container Transport Optimization, and AI agents within CargoWise. R&D spending rose 29% to US$340.7 million.

Operating risks include margin dilution from e2open, which carries a lower-margin operating model, and lower underlying Rule of 40 performance excluding e2open (45%, down seven points). CargoWise revenue growth of 11% was partly offset by refinements to the new commercial model in the second half. Guidance depends on customer adoption and on global trade and industrial production conditions. Restructuring costs of US$67.1 million, debt of US$2.2 billion and governance changes, including the move to an independent Chair on 7 July 2026, are further variables.

Where Things Stand

WiseTech enters FY27 with consolidated e2open results, lower leverage than previously guided and a stated guidance range, while its share price remains well below levels of a year ago. Upcoming items include the 9 October dividend payment and the progress of CargoWise Value Pack adoption.

FAQs

Q: What were the key FY26 results for WiseTech Global Limited (ASX:WTC)?

A:Revenue of US$1,395.9 million (up 79%), reported EBITDA of US$558.4 million (up 46%), underlying NPAT of US$313.5 million (up 29%) and statutory NPAT of US$178.7 million (down 11%).

Q: What are CargoWise Value Packs?

A:A commercial model launched in December 2025 under which more than 95% of CargoWise customers now operate, replacing the previous seat and transaction licence approach.

Q: How have WiseTech Global (ASX:WTC) shares performed over the past year?

A:Shares are down 63.87% over twelve months and were down 2.54% today at $31.90, compared with a 42.73% one-year decline in the S&P/ASX 200 Info Tech index.

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