US Stocks Movement: Wise Group rises 6.5% pre-market, to launch a share repurchase plan exceeding $500 million

格隆汇 June 26｜A well-known international cross-border payment and fintech company saw its stock rise by 6.5% in pre-market trading. On the news front, the company announced it will launch a stock repurchase plan exceeding $500 million, with approximately 40% allocated to an employee shareholding trust to offset dilution from equity incentives. The confidence behind this buyback stems from strong financial results for fiscal year 2026. For the fiscal year ending March 31, 2026, the company's net income reached $2.5 billion, up 19% year-on-year; pre-tax profit was $660.4 million with a pre-tax profit margin of 26.4%, exceeding the company's own medium-term guidance range of 20%-25%.