Flywire (NASDAQ:FLYW) Issues Earnings Results, Beats Expectations By $0.26 EPS

Flywire (NASDAQ:FLYW) posted its quarterly earnings data on Tuesday. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.26, FiscalAI reports. The firm had revenue of $250.30 million for the quarter, compared to analyst estimates of $233.25 million. Flywire had a return on equity of 9.46% and a net margin of 10.34%. The company’s revenue was up 25.1% on a year-over-year basis. During the same quarter last year, the company earned $0.23 EPS.

Here are the key takeaways from Flywire’s conference call:

• Record Q3 performance: Revenue less ancillary services rose 26% to approximately $245 million, while Adjusted EBITDA reached nearly $80 million with a 32.5% margin. The company raised its full-year 2026 outlook to 25%–27% FX-neutral revenue growth and a 23.3% midpoint Adjusted EBITDA margin.
• Growth is becoming more diversified: Travel, B2B, healthcare, domestic student financial software, and education outside the traditional U.S., U.K., Canada, and Australia markets are helping offset pressure in Big Four cross-border education. Non-Big Four education revenue grew more than 30% in the first nine months and is now larger than Canada and Australia combined.
• Operating leverage and cash generation improved: Q3 free cash flow was $72 million, with $234 million in corporate cash and investments plus an undrawn $300 million credit facility. Management remains on track for 25% Adjusted EBITDA margins in 2027 and continued to repurchase shares, with $123 million remaining under its authorization.
• Near-term growth faces tougher comparisons and education headwinds: Q4 revenue growth is guided to 14%–20%, versus 26% in Q3, partly because of a non-repeatable U.K. tuition surge, payment timing, declining payment-processing ramp benefits, and prudent assumptions for weaker visa volumes. Management also expects Big Four education, including Australia, to remain under pressure.
• Gross-margin mix remains a consideration: Q3 Adjusted Gross Margin declined 200 basis points year over year to 63.7% as lower-margin healthcare and B2B payment-processing programs scaled. Management expects margins to normalize to a more typical 100–200 basis-point annual decline as these ramps mature.

Flywire Stock Performance

Shares of FLYW stock opened at $20.91 on Thursday. The company has a market capitalization of $2.54 billion, a PE ratio of 35.60, a price-to-earnings-growth ratio of 1.22 and a beta of 1.32. Flywire has a 52-week low of $10.55 and a 52-week high of $22.22. The business’s fifty day moving average is $18.34 and its 200 day moving average is $15.62.

Trending Headlines about Flywire

Here are the key news stories impacting Flywire this week:

• Positive Sentiment: Flywire reported Q3 adjusted EPS of $0.57, beating the $0.31 consensus, and revenue of $250.3 million versus expectations of about $233.3 million. Revenue grew 25.1% year over year. Flywire Q3 results
• Positive Sentiment: The company raised its 2026 FX-neutral revenue-growth guidance, excluding ancillary services, to 25%–27% and increased its adjusted EBITDA margin-growth outlook. Management also set a 25% adjusted EBITDA margin target for 2027, reinforcing the case for continued growth and profitability improvement. Flywire growth and margin outlook
• Positive Sentiment: Analysts raised price targets after the results. B. Riley increased its target to $25 and maintained a Buy rating; BTIG raised its target to $22 and named Flywire a small-cap top pick. B. Riley target update
• Neutral Sentiment: Morgan Stanley expects high-teens growth in revenue less ancillary services in 2027. That points to ongoing expansion, but at a slower pace than the company’s 2026 outlook. Morgan Stanley outlook
• Negative Sentiment: Insider David King sold 55,325 shares, reducing his direct holding by 27.33%. The transaction was made under a pre-arranged Rule 10b5-1 plan, which may make it a less meaningful signal about his near-term view of the business. SEC Form 4 filing

Wall Street Analyst Weigh In

FLYW has been the subject of several analyst reports. The Goldman Sachs Group restated a “neutral” rating and issued a $22.00 target price on shares of Flywire in a research report on Wednesday, August 5th. Wolfe Research upped their price target on Flywire from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Tuesday, August 25th. Zacks Research downgraded shares of Flywire from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. B. Riley Financial restated a “buy” rating and set a $25.00 target price (up from $24.00) on shares of Flywire in a research report on Wednesday. Finally, Weiss Ratings raised Flywire from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, September 1st. Seven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Flywire has an average rating of “Hold” and an average price target of $21.73.

Insider Transactions at Flywire

In other news, major shareholder Voss Capital, Lp sold 172,973 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $19.19, for a total value of $3,319,351.87. Following the transaction, the insider owned 369,168 shares in the company, valued at approximately $7,084,333.92. This represents a 31.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider David R. King sold 55,325 shares of the stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $20.05, for a total value of $1,109,266.25. Following the sale, the insider owned 147,079 shares in the company, valued at approximately $2,948,933.95. This represents a 27.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 647,943 shares of company stock worth $12,339,607. Insiders own 5.00% of the company’s stock.

About Flywire

Flywire Corp. (NASDAQ: FLYW) is a global payments and software company that helps organizations receive and manage payments from customers and clients in multiple countries and currencies. Its platform is designed to simplify complex, cross-border transactions while providing payment tracking, reconciliation and related accounts-receivable capabilities.

The company serves several major verticals, including education, healthcare, travel and business-to-business payments. Its products and services include international and domestic payment processing, digital billing and invoicing, payment plans, embedded payment solutions and tools that help organizations automate reconciliation and improve the payment experience.

Flywire was founded in 2009 as peerTransfer and is headquartered in Boston, Massachusetts.