Flywire (NASDAQ:FLYW) Posts Quarterly Earnings Results, Beats Estimates By $0.26 EPS

Flywire (NASDAQ:FLYW) issued its quarterly earnings results on Tuesday. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.26, FiscalAI reports. Flywire had a net margin of 4.77% and a return on equity of 4.08%. The company had revenue of $250.30 million during the quarter, compared to analysts’ expectations of $233.25 million. During the same period last year, the business earned $0.23 EPS. The business’s quarterly revenue was up 25.1% on a year-over-year basis.

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 Down 1.7%

FLYW opened at $19.15 on Wednesday. Flywire has a 12-month low of $10.55 and a 12-month high of $20.24. The business has a 50 day moving average of $18.29 and a 200-day moving average of $15.58. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 73.66, a PEG ratio of 1.24 and a beta of 1.32.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Citigroup reissued a “neutral” rating on shares of Flywire in a research report on Thursday, August 6th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $22.00 target price on shares of Flywire in a research report on Wednesday, August 5th. BTIG Research lifted their price target on shares of Flywire from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday. UBS Group reissued a “neutral” rating on shares of Flywire in a research report on Wednesday. Finally, Wolfe Research increased their price objective on shares of Flywire from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 25th. Seven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.77.

Key Headlines Impacting Flywire

Here are the key news stories impacting Flywire this week:

• Positive Sentiment: Q3 results topped expectations: Flywire reported EPS of $0.57 versus the $0.31 consensus and revenue of $250.3 million versus estimates of about $233.3 million. Revenue grew 25.1% year over year. Flywire Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Raised outlook: The company lifted its 2026 FX-neutral revenue growth outlook, excluding ancillary services, by two percentage points at the midpoint, and raised its adjusted EBITDA margin-growth outlook by 30 basis points at the midpoint. It also outlined 25%–27% FX-neutral revenue growth for 2026 and a 25% adjusted EBITDA margin target for 2027. Flywire outlines 2026 growth and 2027 margin targets
• Positive Sentiment: Analyst price target increased: B. Riley raised its price target to $25, signaling a more optimistic valuation view. B. Riley raises Flywire price target

Insider Buying and Selling

In related news, insider David King sold 36,900 shares of the stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $18.32, for a total value of $676,008.00. Following the sale, the insider owned 202,404 shares in the company, valued at approximately $3,708,041.28. This represents a 15.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Voss Capital, Lp sold 172,973 shares of the firm’s stock in a transaction 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 sale, the insider directly owned 369,168 shares of the company’s stock, valued at $7,084,333.92. This represents a 31.91% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 592,618 shares of company stock valued at $11,230,341. 5.00% of the stock is owned by insiders.

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.