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FLYW logoFlywire Corporation(FLYW)Earnings, Financials & Key Ratios

FLYW•NASDAQ
144.1× P/E·Price updated Jun 19, 2026
SectorTechnologyIndustryIT ServicesSub-IndustryPayments Processing and Fintech Services
AboutFlywire Corporation, together with its subsidiaries, operates as a payment enablement and software company in the United States, Canada, and the United Kingdom, and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay. The company's platform facilitates payment flows across multiple currencies, payment types, and payment options; and provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly. It serves education, healthcare, travel, and business to business organizations. Flywire Corporation was formerly known as peerTransfer Corporation and changed its name to Flywire Corporation in December 2016. Flywire Corporation was incorporated in 2009 and is headquartered in Boston, Massachusetts.Show more
  • Revenue$623M+26.6%
  • EBITDA$37M+269.5%
  • Net Income$13M+365.4%
  • EPS (Diluted)0.11+391.1%
  • Gross Margin61.42%-3.9%
  • EBITDA Margin6%+191.9%
  • Operating Margin1.81%+223.0%
  • Net Margin2.17%+267.6%
  • ROE1.64%+351.6%

FLYW Key Insights

Flywire Corporation (FLYW) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓FCF machine: 15.9% free cash flow margin
  • ✓Momentum leader: RS Rating 80 (top 20%)
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 36.4%

✗Weaknesses

  • ✗Weak 3Y average ROE of 0.2%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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FLYW Price & Volume

Flywire Corporation (FLYW) stock price & volume — 10-year historical chart

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FLYW Growth Metrics

Flywire Corporation (FLYW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years36.44%
3 Years29.13%
TTM36772.76%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM252787.98%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM784.73%

Return on Capital

10 Years-7.95%
5 Years-2.51%
3 Years-0.95%
Last Year1.34%

FLYW Recent Earnings

Flywire Corporation (FLYW) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
May 5, 2026
Metric
Actual
Est
EPS
$0.10+233.3%
$0.03
Rev
$184M+8.1%
$170M
Q1 2026
Feb 24, 2026
Metric
Actual
Est
EPS
$0.00+103.0%
$0.01
Rev
$153M+5.6%
$145M
Q4 2025
Nov 4, 2025
Metric
Actual
Est
EPS
$0.23+21.1%
$0.19
Rev
$200M+38.1%
$145M
Q3 2025
Aug 5, 2025
Metric
Actual
Est
EPS
$0.09-28.6%
$0.07
Rev
$132M-27.0%
$181M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 5, 2026
$0.10vs $0.03+233.3%
$184Mvs $170M+8.1%
Q1 2026Feb 24, 2026
$0.00vs $0.01+103.0%
$153Mvs $145M+5.6%
Q4 2025Nov 4, 2025
$0.23vs $0.19+21.1%
$200Mvs $145M+38.1%
Q3 2025Aug 5, 2025
$0.09vs $0.07-28.6%
$132Mvs $181M-27.0%
Based on last 12 quarters of dataView full earnings history →

FLYW Peer Comparison

Flywire Corporation (FLYW) competitors in Payments Processing and Fintech Services — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
EVTC logoEVTCEVERTEC, Inc.Direct Competitor1.58B25.7211.6910.21%13.95%18.65%1.58
PAYO logoPAYOPayoneer Global Inc.Direct Competitor2.35B7.0236.957.68%6.76%10.01%0.10
CWAN logoCWANClearwater Analytics Holdings, Inc.Direct Competitor7.22B24.29-173.5061.88%-5.82%-2.38%0.43
ALKT logoALKTAlkami Technology, Inc.Direct Competitor1.57B14.68-31.9132.89%-10.55%-13.96%0.98
WEX logoWEXWEX Inc.Product Competitor4.42B127.5315.061.24%11.5%26.96%3.94
RPAY logoRPAYRepay Holdings CorporationProduct Competitor298.61M3.39-1.13-1.21%-82.73%-46.64%0.91
PRAA logoPRAAPRA Group, Inc.Product Competitor569.83M14.94-1.9210.36%-21.88%-25%0.03
FOUR logoFOURShift4 Payments, Inc.Product Competitor2.73B39.4236.5025.5%2.29%5.13%2.36

Compare FLYW vs Peers

Flywire Corporation (FLYW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs EVTC

Most directly comparable listed peer for FLYW.

Scale Benchmark

vs V

Larger-name benchmark to compare FLYW against a more recognizable public peer.

Peer Set

Compare Top 5

vs EVTC, PAYO, CWAN, ALKT

FLYW Income Statement

Flywire Corporation (FLYW) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Sales/Revenue
94.92M131.78M201.15M289.38M403.09M492.14M623.02M188.6B
Revenue Growth %
-38.84%52.64%43.86%39.3%22.09%26.59%36772.76%
Cost of Goods Sold
36.73M47.8M70.19M107.93M147.34M177.49M240.36M189.8M
COGS % of Revenue
38.69%36.28%34.89%37.3%36.55%36.06%38.58%-
Gross Profit
58.19M▲ 0%
83.98M▲ 44.3%
130.96M▲ 55.9%
181.44M▲ 38.5%
255.75M▲ 41.0%
314.65M▲ 23.0%
382.67M▲ 21.6%
299.78M▲ 0%
Gross Margin %
61.31%63.72%65.11%62.7%63.45%63.94%61.42%0.16%
Gross Profit Growth %
-44.31%55.94%38.55%40.96%23.03%21.61%-
Operating Expenses
75.65M99.79M144.22M211.66M277.27M321.91M371.37M100.16B
OpEx % of Revenue
79.7%75.73%71.7%73.14%68.79%65.41%59.61%-
Selling, General & Admin
60.64M75.29M112.92M161.41M215.25M255.27M292.47M80.67B
SG&A % of Revenue
63.89%57.13%56.14%55.78%53.4%51.87%46.94%-
Research & Development
15.01M24.5M31.3M50.26M62.03M66.64M70.21M19.49B
R&D % of Revenue
15.81%18.59%15.56%17.37%15.39%13.54%11.27%-
Other Operating Expenses
0000008.69M0
Operating Income
-17.46M▲ 0%
-15.81M▲ 9.4%
-13.26M▲ 16.2%
-30.22M▼ 128.0%
-21.52M▲ 28.8%
-7.25M▲ 66.3%
11.29M▲ 255.7%
10.8B▲ 0%
Operating Margin %
-18.39%-12%-6.59%-10.44%-5.34%-1.47%1.81%5.73%
Operating Income Growth %
-9.41%16.17%-127.95%28.8%66.28%255.69%-
EBITDA
-13.73M-9.02M-4.26M-17.92M-5.75M10.11M37.35M10.83B
EBITDA Margin %
-14.46%-6.85%-2.12%-6.19%-1.43%2.05%6%5.74%
EBITDA Growth %
-34.28%52.79%-320.66%67.88%275.67%269.54%171071.97%
D&A (Non-Cash Add-back)
3.73M6.79M9M12.3M15.76M17.36M26.06M24.06M
EBIT
-17.11M-15.74M-23.91M-36.15M-3.98M2.4M3.55B213.47M
Net Interest Income
-2.46M-2.53M-2.02M2.03M12.98M20.9M2.11B1.9B
Interest Income
0003.24M13.35M21.44M5.64B3B
Interest Expense
2.46M2.53M2.02M1.21M372K538K3.53B-116.01M
Other Income/Expense
-2.11M-2.46M-12.67M-7.14M17.17M9.12M10.14M3.91B
Pretax Income
-19.57M▲ 0%
-18.28M▲ 6.6%
-25.93M▼ 41.9%
-37.36M▼ 44.1%
-4.35M▲ 88.4%
1.86M▲ 142.7%
21.44M▲ 1052.7%
14.71B▲ 0%
Pretax Margin %
-20.61%-13.87%-12.89%-12.91%-1.08%0.38%3.44%7.8%
Income Tax
550K-7.17M2.16M1.99M4.21M-1.04M7.94M2.18B
Effective Tax Rate %
-2.81%39.23%-8.32%-5.32%-96.83%-55.91%37.05%14.81%
Net Income
-20.12M▲ 0%
-11.11M▲ 44.8%
-28.09M▼ 152.9%
-39.35M▼ 40.1%
-8.57M▲ 78.2%
2.9M▲ 133.9%
13.5M▲ 365.4%
12.54B▲ 0%
Net Margin %
-21.19%-8.43%-13.96%-13.6%-2.13%0.59%2.17%6.65%
Net Income Growth %
-44.79%-152.86%-40.1%78.23%133.85%365.41%252787.98%
Net Income (Continuing)
-20.12M-11.11M-28.09M-39.35M-8.57M2.9M13.5M12.54B
Discontinued Operations
00000000
Minority Interest
00000000
EPS (Diluted)
-0.20▲ 0%
-0.11▲ 45.0%
-0.26▼ 136.4%
-0.36▼ 38.5%
-0.07▲ 79.3%
0.02▲ 130.0%
0.11▲ 391.1%
97.98▲ 0%
EPS Growth %
-45%-136.36%-38.46%79.28%130.03%391.07%784.73%
EPS (Basic)
-0.20-0.11-0.26-0.36-0.070.020.11-
Diluted Shares Outstanding
101.11M101.11M106.44M107.94M114.83M129.34M127.75M127.95M
Basic Shares Outstanding
101.11M101.11M106.44M107.94M114.83M124.27M122.38M122.18M
Dividend Payout Ratio
--------

FLYW Balance Sheet

Flywire Corporation (FLYW) balance sheet — assets, liabilities & shareholders' equity

MetricDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Current Assets
108.18M148.56M443.79M450.64M815.68M762.88M602.29M512.35B
Cash & Short-Term Investments
86.03M104.05M385.36M349.18M654.61M611.09M355M325.08B
Cash Only
86.03M104.05M385.36M349.18M654.61M495.24M330.3M311.89B
Short-Term Investments
00000115.85M24.69M13.19B
Accounts Receivable
19.45M35.75M44.59M81.94M142.85M129.27M210.75M148B
Days Sales Outstanding
74.7799.0280.92103.35129.3595.87123.4771.86
Inventory
00000000
Days Inventory Outstanding
--------
Other Current Assets
05M4M19.53M18.23M22.53M36.54M39.27B
Total Non-Current Assets
32.82M122.88M196.06M223.64M264.05M359.56M651.02M650.03B
Property, Plant & Equipment
4.85M5.1M9.44M13.32M15.13M17.16M22.13M24.33B
Fixed Asset Turnover
19.57x25.83x21.30x21.73x26.63x28.68x28.16x30.93x
Goodwill
12.92M44.65M85.84M97.77M121.65M149.56M406.51M406.77B
Intangible Assets
14.3M68.21M93.6M97.62M108.18M118.68M189.05M183.15B
Long-Term Investments
0000050.13M019.28M
Other Non-Current Assets
749K4.92M7.18M14.95M19.09M24.04M33.34M35.78B
Total Assets
141M▲ 0%
271.44M▲ 92.5%
639.85M▲ 135.7%
674.29M▲ 5.4%
1.08B▲ 60.1%
1.12B▲ 4.0%
1.25B▲ 11.7%
1.16T▲ 0%
Asset Turnover
0.67x0.49x0.31x0.43x0.37x0.44x0.50x0.65x
Asset Growth %
-92.51%135.72%5.38%60.13%3.96%11.66%109547.24%
Total Current Liabilities
82.78M88.38M117.48M177.28M273.79M289.77M401.76M293.53B
Accounts Payable
2.9M5.44M10.24M13.32M12.59M15.35M326.1M217.43B
Days Payables Outstanding
28.8541.553.2645.0631.1831.57495.2104.85K
Short-Term Debt
3.9M0000000
Deferred Revenue (Current)
1.32M1.23M5.49M5.22M6.97M7.34M19.95M22.74B
Other Current Liabilities
5.7M16.11M21.57M16.94M19.75M19.05M55.72M53.43B
Current Ratio
1.31x1.68x3.78x2.54x2.98x2.63x1.50x1.75x
Quick Ratio
1.31x1.68x3.78x2.54x2.98x2.63x1.50x1.75x
Cash Conversion Cycle
--------104.78K
Total Non-Current Liabilities
133.5M264.82M40.17M15.11M19.82M17.9M16.38M16.62B
Long-Term Debt
20.74M24.35M25.94M00000
Capital Lease Obligations
00000000
Deferred Tax Liabilities
295K481K8.4M12.15M15.39M12.64M12.9M13.42B
Other Non-Current Liabilities
112.47M239.99M5.83M2.96M4.43M5.26M3.48M3.24B
Total Liabilities
216.28M353.2M157.64M192.38M293.61M307.68M418.14M310.15B
Total Debt
24.63M24.35M25.94M1.81M1.47M1.72M00
Net Debt
-61.39M-79.7M-359.42M-347.37M-653.14M-493.52M-330.3M-311.89B
Debt / Equity
--0.05x0.00x0.00x0.00x-0.00x
Debt / EBITDA
-----0.17x-0.00x
Net Debt / EBITDA
------48.82x-8.84x-28.80x
Interest Coverage
-6.96x-6.22x-11.83x-29.85x-10.70x4.46x1.01x-1.84x
Total Equity
-75.28M▲ 0%
-81.76M▼ 8.6%
482.2M▲ 689.8%
481.9M▼ 0.1%
786.12M▲ 63.1%
814.77M▲ 3.6%
835.17M▲ 2.5%
852.23B▲ 0%
Equity Growth %
--8.61%689.76%-0.06%63.13%3.64%2.5%108565.39%
Book Value per Share
-0.74-0.814.534.466.856.306.546660.84
Total Shareholders' Equity
-75.28M-81.76M482.2M481.9M786.12M814.77M835.17M852.23B
Common Stock
2K2K11K11K12K13K13K13M
Retained Earnings
-86.67M-97.77M-125.86M-165.2M-173.77M-170.87M-157.37M-144.85B
Treasury Stock
-748K-748K-748K-748K-747K-46.27M00
Accumulated OCI
102K-214K-399K-1.91M1.32M-2.07M2.49M1.55B
Minority Interest
00000000

FLYW Cash Flow Statement

Flywire Corporation (FLYW) cash flow — operating, investing & free cash flow history

MetricDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
4.07M-14.22M17.13M4.88M80.63M91.47M100.17M-15.67B
Operating CF Margin %
4.29%-10.79%8.52%1.69%20%18.59%16.08%-
Operating CF Growth %
--449.2%220.45%-71.51%1552.15%13.45%9.52%-19673.78%
Net Income
-20.12M-11.11M-27.96M-39.35M-8.57M2.9M13.5M12.54B
Depreciation & Amortization
3.73M6.79M9M12.3M15.76M17.36M27.99M8.03B
Stock-Based Compensation
2.95M3.84M18.93M30.26M43.73M64.93M017.5B
Deferred Taxes
-11K-8.54M-45K-1.71M72K-8.79M0-663.63M
Other Non-Cash Items
1.35M6.9M13.91M-506K2.79M-1.29M60.71M-53.18B
Working Capital Changes
16.17M-12.12M3.3M3.88M26.84M16.36M-2.03M104.45M
Change in Receivables
-431K-7.99M-587K-323K-58.45M13.78M-11.28M-5.72B
Change in Inventory
13.52M0-7.64M00000
Change in Payables
2.25M5.67M11.69M6.57M5.55M3.3M0-3B
Cash from Investing
-3.75M-81.54M-62.91M-24.68M-38.78M-215.8M-194.23M7.75B
Capital Expenditures
-3.75M-2.14M-6.68M-7.09M-1.01M-924K-1.35M-145.98M
CapEx % of Revenue
3.95%1.62%3.32%2.45%0.25%0.19%0.22%0.08%
Acquisitions
0-79.4M-56.11M-17.59M-32.76M-45.23M-324.92M-5.09M
Investments
--------
Other Investing
00-119K0-5M-5.32M132.04M-3.43B
Cash from Financing
-3.92M119.05M327.51M-23.97M263.42M-37.63M-78.4M-12.65B
Debt Issued (Net)
10M0939K-25.94M000-60.76M
Equity Issued (Net)
-295K119.75M328.43M5.67M261.12M-43.74M-78.55M-24.39M
Dividends Paid
00000000
Share Repurchases
-295K0000-43.74M-78.55M-10.06B
Other Financing
-13.62M-706K-1.86M-3.7M2.3M6.11M145K-12.56B
Net Change in Cash
-3.58M▲ 0%
23.02M▲ 744.1%
280.31M▲ 1117.4%
-38.18M▼ 113.6%
303.43M▲ 894.7%
-159.37M▼ 152.5%
-164.94M▼ 3.5%
-18.27B▲ 0%
Free Cash Flow
325K▲ 0%
-16.36M▼ 5135.1%
10.45M▲ 163.8%
-2.21M▼ 121.2%
74.61M▲ 3473.1%
90.54M▲ 21.4%
98.83M▲ 9.1%
-15.81B▲ 0%
FCF Margin %
0.34%-12.42%5.19%-0.76%18.51%18.4%15.86%-8.38%
FCF Growth %
--5135.08%163.84%-121.17%3473.06%21.35%9.15%-32665.46%
FCF per Share
0.00-0.160.10-0.020.650.700.77-123.58
FCF Conversion (FCF/Net Income)
-0.20x1.28x-0.61x-0.12x-9.41x31.54x7.42x-1.26x
Interest Paid
02.1M000000
Taxes Paid
00000000

FLYW Key Ratios

Flywire Corporation (FLYW) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric202020212022202320242025TTM
Return on Equity (ROE)
--14.03%-8.16%-1.35%0.36%1.64%5.87%
Return on Invested Capital (ROIC)
--8.1%-17.62%-12.07%-2.4%2.05%5.98%
Gross Margin
63.72%65.11%62.7%63.45%63.94%61.42%0.16%
Net Margin
-8.43%-13.96%-13.6%-2.13%0.59%2.17%6.65%
Debt / Equity
-0.05x0.00x0.00x0.00x-0.00x
Interest Coverage
-6.22x-11.83x-29.85x-10.70x4.46x1.01x-1.84x
FCF Conversion
1.28x-0.61x-0.12x-9.41x31.54x7.42x-1.26x
Revenue Growth
38.84%52.64%43.86%39.3%22.09%26.59%36772.76%
Related:FLYW Dividend History·FLYW Revenue History·FLYW Price History·FLYW P/E History·FLYW Financial Ratios·FLYW Institutional Holders

FLYW SEC Filings & Documents

Flywire Corporation (FLYW) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 5, 2026·SEC

Material company update

Mar 26, 2026·SEC

Material company update

Feb 24, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 24, 2026·SEC

FY 2025

Feb 26, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

May 6, 2026·SEC

FY 2025

Nov 10, 2025·SEC

FY 2025

Aug 6, 2025·SEC

FLYW Frequently Asked Questions

Flywire Corporation (FLYW) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Flywire Corporation (FLYW) reported $188.60B in revenue for fiscal year 2025. This represents a 198599% increase from $94.9M in 2019.

Flywire Corporation (FLYW) grew revenue by 26.6% over the past year. This is strong growth.

Yes, Flywire Corporation (FLYW) is profitable, generating $12.54B in net income for fiscal year 2025 (2.2% net margin).

Dividend & Returns

Flywire Corporation (FLYW) has a return on equity (ROE) of 1.6%. This is below average, suggesting room for improvement.

Flywire Corporation (FLYW) had negative free cash flow of $15.81B in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in FLYW back in 2019?

Total return calculator · dividends reinvested · 7+ years of data

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How much would $100/month in FLYW be worth today?

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