Payments software firm Flywire Q3 revenue beats estimates amid new client growth

Flywire

04/11/2025 21:30

Overview

Flywire Q3 revenue rose 27.6% yr/yr, beating analyst expectations

Adjusted EBITDA for Q3 beats analyst estimates, reflecting strong operational performance

Company raised FY 2025 revenue and EBITDA guidance, citing operational improvements

Outlook

Flywire raises FY 2025 revenue guidance by 400 bps at midpoint

Company anticipates FY 2025 FX-neutral revenue growth of 23-25% YoY

Flywire expects Q4 adjusted EBITDA margin growth of 50-200 bps YoY

Result Drivers

NEW CLIENTS - Flywire added over 200 new clients, expanding market share and deal size

SERTIFI ACQUISITION - Sertifi added 8 points to revenue growth in Q3

MACROECONOMIC SUPPORT - Favorable macro backdrop increased demand for Flywire solutions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$200.10 mln
$181.70 mln (11 Analysts)
Q3 Net Income
$29.60 mln
Q3 Adjusted EBITDA
Beat
$57.10 mln
$55.90 mln (11 Analysts)
Q3 Adjusted Gross Margin
65.70%
Q3 Gross Profit
$124.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 8 "hold" and 1 "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 $15.00, about 10.5% above its November 3 closing price of $13.43

The stock recently traded at 53 times the next 12-month earnings vs. a P/E of 42 three months ago

Press Release: ID:nGNX8HjB57

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(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.)