Earnings summaries and quarterly performance for Flywire.
Executive leadership at Flywire.
Board of directors at Flywire.
Research analysts who have asked questions during Flywire earnings calls.
TH
Tien-tsin Huang
JPMorgan Chase & Co.
5 questions for FLYW
Also covers: ACN, ADP, ALIT +27 more
TC
Timothy Chiodo
UBS Group AG
5 questions for FLYW
Also covers: AFRM, AVDX, CHYM +18 more
Daniel Perlin
RBC Capital Markets
4 questions for FLYW
Also covers: AFRM, BR, FOUR +9 more
DP
Darrin Peller
Wolfe Research, LLC
4 questions for FLYW
Also covers: ACN, ADYYF, AFRM +28 more
CN
Charles Nabhan
Stephens Inc.
3 questions for FLYW
Also covers: ACIW, ALKT, ASUR +9 more
CK
Cristopher Kennedy
William Blair & Company
3 questions for FLYW
Also covers: ALKT, AXP, CTLP +14 more
John Davis
Raymond James Financial
3 questions for FLYW
Also covers: CPAY, EVRI, EVTC +8 more
Ken Suchoski
Autonomous Research
3 questions for FLYW
Also covers: BILL, CPAY, CRCL +7 more
Michael Infante
Morgan Stanley
3 questions for FLYW
Also covers: ADP, BR, CPAY +10 more
Andrew Bauch
Wells Fargo & Company
2 questions for FLYW
Also covers: AFRM, AVDX, FOUR +9 more
AS
Andrew Schmidt
Citigroup Inc.
2 questions for FLYW
Also covers: ALKT, BILL, CWAN +17 more
NS
Nate Svenson
Deutsche Bank Securities
2 questions for FLYW
NS
Nate Svensson
Deutsche Bank
2 questions for FLYW
Also covers: AFRM, BILL, CPAY +10 more
CS
Christopher Svensson
Deutsche Bank AG
1 question for FLYW
Also covers: EVTC, PAGS, PAYO +2 more
JF
James Faucette
Morgan Stanley
1 question for FLYW
Also covers: ACN, ADP, AFRM +29 more
JC
Jeff Cantwell
Seaport Research Partners
1 question for FLYW
Also covers: ACIW, AFRM, CHYM +6 more
PE
Patrick Ennis
Credit Suisse
1 question for FLYW
Also covers: RPAY
TD
Tyler DuPont
Bank of America
1 question for FLYW
Also covers: DAVA, DXC, KD +1 more
WN
William Nance
The Goldman Sachs Group, Inc.
1 question for FLYW
Also covers: AFRM, AMTD, AVDX +20 more
Recent press releases and 8-K filings for FLYW.
Flywire announces strong Q4 and full-year 2025 results, beats guidance
FLYW
Earnings
Guidance Update
Share Buyback
- Flywire exceeded its Q4 2025 guidance, reporting Total Revenue Less Ancillary Services (RLAS) of $152.7 million and Adjusted EBITDA of $25.4 million, beating guidance midpoints of $145 million and $23 million, respectively.
- For the full year 2025, the company achieved Total Revenue of $623.0 million and GAAP Net Income of $13.5 million. RLAS grew 27% year-over-year to $603 million, and Adjusted EBITDA increased 55% year-over-year to $120.6 million, representing a 20.0% margin.
- Flywire's client base expanded to approximately 5,000 clients in 2025. The company also repurchased approximately 8 million shares at an average price of $14.75 since the share buyback program began in Q3 2024, with $182 million remaining under the $300 million authorization.
- For 2026, the company anticipates approximately 1% inorganic growth from Sertifi and 2% from payment processing ramp, with Adjusted Gross Profit margin expected to decline 200-300 basis points due to the payment processing ramp.
3 days ago
Flywire Reports Strong Q4 2025 Results and Provides 2026 Outlook
FLYW
Earnings
Guidance Update
Share Buyback
- Flywire reported Q4 2025 revenue of $152.7 million, a 32.6% increase on an FX neutral basis, and achieved $13.5 million in GAAP net income for the full year 2025.
- The company provided 2026 guidance expecting 15%-21% FX neutral revenue growth and an adjusted EBITDA margin projected to expand by 150 to 350 basis points, reaching 22.5% at the midpoint.
- Adjusted gross profit margin is anticipated to decline by 200-300 basis points in 2026 due to early-stage ramp economics from payment processing programs, though gross profit dollars are still expected to grow in the mid-teens.
- Flywire maintains a strong balance sheet with a $200 million net cash position, having deployed $118 million in share buybacks with $180 million remaining authorized, and improved operational efficiency with sales and marketing expenses declining from approximately 25% to 20% of revenue from 2022 to 2025.
3 days ago
Flywire Reports Strong Q4 and Full-Year 2025 Results, Provides Optimistic 2026 Guidance
FLYW
Earnings
Guidance Update
Share Buyback
- Flywire reported strong Q4 2025 financial performance, with revenue of $152.7 million, representing 32.6% FX neutral growth, and an adjusted EBITDA margin of 16.6%, expanding 190 basis points year-over-year.
- For the full year 2025, the company achieved $13.5 million in GAAP net income and generated $62 million in free cash flow.
- The company provided 2026 guidance, projecting 15%-21% FX neutral revenue growth and adjusted EBITDA margin expansion of 150 to 350 basis points, targeting 22.5% at the midpoint.
- Flywire expects GAAP net income to grow approximately 3-4x versus 2025 and anticipates free cash flow conversion in the 70%-75% range.
- The company continues its share repurchase program, having deployed $118 million with approximately $180 million remaining authorized, which contributed to a year-over-year decline in diluted weighted average shares outstanding.
3 days ago
Flywire Reports Strong Q4 and Full-Year 2025 Results, Provides Optimistic 2026 Guidance
FLYW
Earnings
Guidance Update
Share Buyback
- Flywire delivered strong Q4 2025 performance with $152.7 million in revenue, representing 32.6% FX neutral growth, and an adjusted EBITDA margin of 16.6%, expanding 190 basis points year-over-year. For the full year 2025, the company achieved $13.5 million in GAAP net income and scaled free cash flow to $62 million.
- For 2026, Flywire projects 15%-21% FX neutral revenue growth and anticipates 150 to 350 basis points of EBITDA margin expansion, reaching 22.5% at the midpoint of guidance. GAAP net income is expected to grow approximately 3-4x versus 2025.
- The company maintains a strong competitive position with below 1% revenue churn across education and travel, leveraging deep integrations and a proprietary global payment network. Strategic priorities include accelerating product innovation, building a scalable enterprise growth engine, and internal transformation with AI.
- Flywire's capital allocation includes disciplined share buybacks, with $118 million deployed since the program's launch, resulting in negative net dilution for 2025. The company aims to limit net dilution to approximately 3% over time.
- The 2026 outlook incorporates prudent macro assumptions, such as U.S. first-year visas down approximately 30% and Canada down 10%, with growth driven by share gains and SFS expansion rather than a rebound in global student mobility.
3 days ago
Flywire Announces Strong Q4 2025 Results and Positive 2026 Outlook
FLYW
Earnings
Guidance Update
Share Buyback
- Flywire reported strong Fourth Quarter 2025 financial results, with revenue increasing 34.0% to $157.5 million and Adjusted EBITDA rising to $25.4 million from $16.7 million in the prior year.
- The company achieved near break-even net income in Q4 2025, a significant improvement from a net loss of ($15.9) million in Q4 2024.
- Flywire provided a positive outlook for Fiscal Year 2026, forecasting FX-Neutral Revenue Less Ancillary Services growth of 15-21% and Adjusted EBITDA Margin growth of +150-350 basis points year-over-year.
- In Q4 2025, the company repurchased approximately 0.7 million shares for $10.0 million, with $182 million remaining in its share repurchase program.
- Patrick Blanc was appointed Chief Technology Officer, effective February 23, 2026, strengthening the executive team.
3 days ago
Flywire Reports Strong Fourth Quarter and Fiscal-Year 2025 Financial Results and Provides 2026 Outlook
FLYW
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Flywire reported Fourth Quarter 2025 revenue of $157.5 million, marking a 34.0% increase year-over-year, with net income being near break-even compared to a net loss of ($15.9) million in the Fourth Quarter of 2024.
- Adjusted EBITDA for the Fourth Quarter of 2025 increased to $25.4 million, up from $16.7 million in the prior year, with the Adjusted EBITDA margin expanding by approximately 190 basis points year-over-year to 16.6%.
- Total Payment Volume grew 35.6% to $9.3 billion in the Fourth Quarter of 2025, and Revenue Less Ancillary Services increased 35.3% to $152.7 million.
- For Fiscal Year 2026, Flywire anticipates FX-Neutral Revenue Less Ancillary Services growth of 15-21% year-over-year and Adjusted EBITDA Margin growth of +150-350 basis points year-over-year.
3 days ago
Flywire Discusses 2025-2026 Outlook and Market Dynamics at UBS Conference
FLYW
Guidance Update
Demand Weakening
Revenue Acceleration/Inflection
- Flywire anticipates a mid-single-digit headwind to revenue growth for both 2025 and 2026, amounting to approximately $30 million, primarily from the Canadian, Australian, and U.S. education markets. Despite this, the overall U.S. education business is still growing in the low single digits due to offsetting factors like improved retention and adding cross-border schools.
- The company expects to achieve a long-term EBITDA margin of 25% plus, with anticipated mid-30s incremental margins on revenue for 2026. Flywire also plans to reduce stock-based compensation as a percentage of revenue from the current 12% and aims to manage dilution to 3% or lower.
- Flywire's healthcare segment is growing in the low teens in 2025 and is expected to accelerate in 2026, driven by significant client wins like Cleveland Clinic, though some growth may be at a lower margin due to payment processing.
- Growth in cross-border education outside the "Big Four" countries (U.S., Canada, Australia, UK) is a key driver, representing a low to mid-teens percentage of 2024 revenue and growing faster than the company average, as Flywire's software solutions replace manual processes in these markets.
Dec 3, 2025, 2:35 PM
Flywire CFO Discusses Long-Term Margins, Education Market Headwinds, and Growth Drivers
FLYW
Guidance Update
Demand Weakening
New Projects/Investments
- Flywire maintains a long-term target of 25% plus EBITDA margin, with the CFO stating it is "not a tough target" and "within eyeshot," supported by indicative mid-30s incremental margins on revenue for next year. Stock-based compensation is expected to decrease as a share of revenue from 12% this year, and the company aims to keep dilution at 3% or lower.
- The U.S. cross-border education market saw new international student enrollment down 17% year over year, with Flywire's first-year payers declining in the mid to high teens. Despite this, the overall U.S. education business is growing in the low single digits due to better performance in high-ticket programs and higher student retention. A mid-single-digit revenue headwind (approximately $30 million) is anticipated for 2025 and 2026, primarily from Canada this year and potentially the U.S. next year.
- The company is experiencing strong growth outside the "Big Four" countries, representing low to mid-teens % of 2024 revenue. The Sertifi acquisition (hospitality) is growing over 30% year over year, with synergies expected next year. The Invoice acquisition (B2B) opened a $1 billion volume opportunity and contributed to Q3 and Q4 performance. Healthcare, with a new lighthouse client (Cleveland Clinic), is growing in the low teens this year and is expected to accelerate next year.
Dec 3, 2025, 2:35 PM
Flywire Updates on Market Performance and Financial Outlook
FLYW
Guidance Update
New Projects/Investments
Demand Weakening
- Flywire's U.S. education business is guided to grow in low single digits this year, despite a reported 17% year-over-year decline in new international student enrollment in the U.S.
- The company anticipates a mid-single-digit headwind to revenue growth for both this year (2025) and next year from Canada, Australia, and the U.S., which translates to approximately $30 million in dollars.
- Flywire maintains a long-term target of 25% plus EBITDA margin, with expected mid-30s incremental margins on revenue for next year.
- The healthcare vertical is expected to accelerate growth next year, driven by wins like the eight-figure Cleveland Clinic contract, while the Sertifi acquisition in travel is growing over 30% year over year.
- The B2B segment, bolstered by the Invoice acquisition, presents a $1 billion volume opportunity and contributed to Q3 and Q4 growth.
Dec 3, 2025, 2:35 PM
Flywire Discusses Strategic Evolution, Vertical Growth, and Financial Outlook
FLYW
Revenue Acceleration/Inflection
New Projects/Investments
Guidance Update
- Flywire has strategically evolved into a more diversified and profitable unified platform, with margins nearing 20% and projected to increase next year. Software remains a core differentiator, enabling deeper client integration and operational efficiency.
- The company is experiencing significant growth across its verticals: Travel now accounts for a quarter of revenue and is growing above the company average. B2B, though small at 3% of business last year, grew almost 70% and is expected to accelerate further this year. The Healthcare vertical is also poised for acceleration, notably with the eight-figure Cleveland Clinic deal.
- In its largest vertical, Education, the U.K. now represents about a quarter of revenue and is growing above average, while the domestic U.S. Student Financial Services (SFS) business, at $30 million last year, offers a 2-3x gross profit multiplier.
- Flywire is targeting 350 basis points of margin expansion and 23%-25% FX-neutral revenue growth for the current year. The company expects healthy free cash flow to EBITDA conversion and anticipates a reduction in stock-based compensation as a percentage of revenue, driving overall profitability.
Nov 19, 2025, 4:00 PM
Quarterly earnings call transcripts for Flywire.
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