WiseTech Global Limited (ASX:WTC): How Are e2open Integration and AI Reshaping FY27 Margins?

Sonal Goyal

11 November 2026 05:15 PM AEDT

WiseTech Global Limited (ASX:WTC): How Are e2open Integration and AI Reshaping FY27 Margins?

Image Source: Shutterstock

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Key Highlights

FY26 Revenue rose 79% to USD 1.40 billion, reflecting the contribution from the e2open acquisition.
Underlying EBITDA increased 56% to USD 644.5 million, while statutory net profit declined 11%.
Annualised run-rate cost savings reached approximately USD 115 million across integration and efficiency programmes.
FY27 guidance calls for revenue of USD 1.48–1.54 billion and underlying EBITDA of USD 725–780 million.

WiseTech Global Limited (ASX:WTC) develops software for logistics and Supply chain operations. Its CargoWise platform supports freight forwarding, customs processing, Warehousing and cross-border shipments. On 26 August 2026, WiseTech announced FY26 results showing substantial revenue growth following the Acquisition of e2open, alongside integration costs and a decline in statutory profit. The company is pursuing Margin improvement, operational changes and lower financial Leverage during FY27.

CargoWise generates revenue from customer use of its software, while e2open extends the group’s capabilities into broader supply chain planning and collaboration. The acquired Business has a different margin profile, affecting consolidated results.

FY26 Revenue, Profit and Cash Generation

WiseTech reported FY26 revenue of USD 1,395.9 million, up 79% from USD 778.7 million in FY25. Underlying EBITDA increased 56% to USD 644.5 million, while reported EBITDA rose 46% to USD 558.4 million.

Underlying net profit after tax rose 29% to USD 313.5 million, but statutory net profit declined 11% to USD 178.7 million amid acquisition-related and restructuring costs. Free Cash Flow increased 43% to USD 410.7 million, while underlying free cash flow rose 67% to USD 489.6 million. These figures illustrate the distinction between operating performance and costs associated with the group’s expansion.

CargoWise, e2open and Efficiency Measures

CargoWise generated USD 756.9 million in revenue, an increase of 11%, with an underlying EBITDA margin of 53%. e2open contributed USD 541.2 million over 11 months at a 36% underlying EBITDA margin. The difference in business mix contributed to a decline in the group underlying EBITDA margin from 53% to 46%.

WiseTech reported approximately USD 115 million in annualised run-rate cost savings, including USD 64 million from e2open integration, USD 34 million from an AI transformation programme and USD 17 million from broader efficiency initiatives. The AI programme included approximately 1,200 role reductions. Implementation may improve efficiency but also carries risks to delivery capacity and customer service.

FY27 Guidance, Debt and Execution Risks

For FY27, WiseTech expects revenue of USD 1.48–1.54 billion and underlying EBITDA of USD 725–780 million, implying an underlying EBITDA margin of 49–51%. These figures are forecasts rather than achieved results.

At 30 June 2026, the company reported USD 343.5 million in cash and USD 2.2 billion drawn under a USD 3.0 billion debt facility. Net leverage was 2.7 times, with targets of approximately 2.2 times by FY27-end and below 2.0 times in FY28. Progress will depend on cash generation, integration execution and spending discipline. Global freight conditions and the rollout of new products remain additional variables.

Key Insights

WiseTech’s larger revenue base reflects e2open integration, but the acquired business also changes margins and leverage. FY27 delivery will depend on synergies, product adoption and debt reduction.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.