Flywire Q2 revenue beats analyst estimates, partly on enterprise wins

Flywire

04/08/2026 21:33

Overview
Payments software firm's Q2 revenue rose 27%, beating analyst expectations
Adjusted EBITDA for Q2 beat analyst expectations, margin expanded year-over-year
Company repurchased 3.1 mln shares for $49 mln during the quarter

Outlook
Flywire raises FY 2026 FX-neutral revenue less ancillary services growth guidance to 21-27% YoY
Company lifts FY 2026 adjusted EBITDA margin growth guidance to 200-400 bps YoY
Flywire expects Q3 2026 FX-neutral revenue less ancillary services growth of 16-22% YoY

Result Drivers
ENTERPRISE WINS & GEOGRAPHIC DIVERSIFICATION - Co cited major enterprise deals, including EMEA cross-border expansion, UK university consolidation, and multiple US and Canada implementations, as well as signing 200+ new clients across 45 countries, as key drivers
EDUCATION & TRAVEL EXPANSION - Co said education revenue outside its Big Four markets grew 30%+ YoY, and experiential travel deal sizes rose as clients consolidated vendors onto its platform
OPERATING LEVERAGE - Co said operating expenses scaled well below gross profit growth, supporting margin expansion and profitability

Company press release: ID:nGNXbDjr8r

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$167.74 mln
$157.13 mln (13 Analysts)
Q2 Loss Per Share
 
$0.07
 
Q2 Net Loss
 
$8.15 mln
 
Q2 Adjusted EBITDA
Beat
$24 mln
$22.24 mln (13 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for Flywire Corp is $20.00, about 20.3% above its August 3 closing price of $16.63
The stock recently traded at 32 times the next 12-month earnings vs. a P/E of 31 three months ago

Reuters Recommended Reads
Aug 3 - Paymentus Q2 revenue beats expectations on higher billers, transaction volume
Aug 4 - Payments firm FIS shares slide after outlook cut 
Aug 4 - India paves way for return of merchant fees on digital payments

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)