Flywire helps Davidson Hospitality Group achieve substantial annual processing fee savings through online payment processing and strategic ACH adoption
With Flywire, Davidson streamlines operations and elevates guest experiences across its property portfolio
BOSTON, Sept. 09, 2026 (GLOBE NEWSWIRE) -- Flywire Corporation (Nasdaq: FLYW), a global payments enablement and software company, today announced a deepened partnership with Davidson Hospitality Group ("Davidson"), an award-winning, full-service hospitality management company, to roll out advanced payment and transaction management capabilities across its portfolio.
The expansion comes as Davidson properties have already demonstrated meaningful processing fee savings within months of deploying Flywire's integrated payments and e-signature platform - validating the company's decision to scale the solution across its entire portfolio. Through enhanced ACH payment acceptance and streamlined digital authorization workflows, Davidson is reducing operational overhead while accelerating cash collection cycles.
When Davidson first adopted Flywire's payments and digital signature solutions, the company gained the ability to compress guest deposit collection and contract execution into a single, mobile-first workflow. The impact was immediate: signature turnaround times fell by roughly 75%, and back-office reconciliation work dropped significantly. The platform empowers Davidson properties to:
Reduce payment processing costs by accepting ACH transfers alongside credit and debit cards, shifting volume to lower-cost rails and cutting per-transaction expense;Mitigate chargeback risk by capturing signed authorization and payment intent simultaneously, creating audit trails that protect both the property and the guest. Flywire's white-glove chargeback response achieves over 70% win or no-contest rates on disputes, while maintaining industry-leading chargeback ratios of below 0.03%;Streamline reconciliation by automating payment matching, reducing manual data entry between property management systems and accounting platforms;Improve the guest experience by offering flexible payment options, transparent fee structures, and faster confirmation workflows; Tim Debruin, Senior Corporate Director, Event Sales & Planning at Davidson Hospitality said: "Flywire creates value for us as a partner because they built their platform specifically for hospitality operations - not as a generic payment processor. What we've seen is a real reduction in friction across both our revenue cycle and guest journey. Our teams spend less time on operational busywork and more time focusing on the guest experience."
Colin Smyth, Senior Vice President and General Manager of Travel at Flywire, added: "We are thrilled to partner with Davidson and deliver value as they scale. Every property that engages sees a similar pattern - faster processing, better cash flow, happier guests. That's exactly the kind of partnership we want to continue building as they scale Flywire across their portfolio.”
About Flywire
Flywire is a global payments enablement and software company. We combine our proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for our clients and their customers.
Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges.
Flywire supports more than 5,300 clients with diverse payment methods in more than 140 currencies across 240 countries and territories around the world. Flywire is headquartered in Boston, MA, USA with global offices. For more information, visit www.flywire.com. Follow Flywire on X (formerly known as Twitter), LinkedIn and Facebook.
About Davidson Hospitality Group
Davidson Hospitality Group is an award-winning, full-service hospitality management company comprised of 88 existing hotels and resorts; more than 240 restaurants, bars, and lounges; and 1.4 million square feet of meeting space across the United States, Europe, and the Caribbean. A trusted partner and preferred operator for Marriott, Hilton, Hyatt, Kimpton, Margaritaville, and Nobu, Davidson offers a unique entrepreneurial management style and owners’ mentality that provides the individualized personal service of a small company, enhanced by the breadth and depth of skill and experience of a larger company. In keeping with the company’s heritage of delivering value, Davidson Hospitality Group features four highly specialized operating verticals: Davidson Hotels, Pivot, Davidson Resorts and Davidson Restaurant Group. For more information, visit www.davidsonhospitality.com. Connect with us on LinkedIn: @DavidsonHospitality. Follow us on Instagram: @davidsonhospitality and TikTok: @davidsonhospitality. #DavidsonHospitality
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding Flywire's Travel business strategy, expectations and plans, market growth and trends. Flywire intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terms such as, but not limited to, "believe," "may," "will," "potentially," "estimate," "continue," "anticipate," "intend," "could," "would," "project," "target," "plan," "expect," or the negative of these terms, and similar expressions intended to identify forward-looking statements. Such forward-looking statements are based upon current expectations that involve risks, changes in circumstances, assumptions, and uncertainties. Important factors that could cause actual results to differ materially from those reflected in Flywire's forward-looking statements include, among others, the factors that are described in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of Flywire's Annual Report on Form 10-K for the year ended December 31, 2025 and Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, which are on file with the Securities and Exchange Commission (SEC) and available on the SEC's website at https://www.sec.gov/. The information in this release is provided only as of the date of this release, and Flywire undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
Flywire Corporation (NASDAQ:FLYW – Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $19.73 and last traded at $19.42, with a volume of 1275248 shares changing hands. The stock had previously closed at $19.54.
Wall Street Analysts Forecast Growth Several research analysts have recently weighed in on FLYW shares. Seaport Research Partners reissued a “buy” rating and issued a $22.00 target price on shares of Flywire in a research report on Monday, August 17th. The Goldman Sachs Group reissued a “neutral” rating and issued a $22.00 price target on shares of Flywire in a research note on Wednesday, August 5th. UBS Group increased their price objective on Flywire from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft raised Flywire to an “outperform” rating in a report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. upgraded shares of Flywire from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $14.00 to $16.00 in a research note on Thursday, May 21st. Eight research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $19.54.
Read Our Latest Research Report on FLYW
Flywire Stock Performance The firm’s fifty day moving average is $17.48 and its 200 day moving average is $14.81. The firm has a market cap of $2.36 billion, a P/E ratio of 74.70, a P/E/G ratio of 1.25 and a beta of 1.34. Flywire (NASDAQ:FLYW – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). Flywire had a net margin of 4.77% and a return on equity of 4.08%. The company had revenue of $163.80 million during the quarter, compared to the consensus estimate of $156.47 million. During the same quarter last year, the firm posted ($0.10) earnings per share. The company’s quarterly revenue was up 27.2% on a year-over-year basis. As a group, equities research analysts forecast that Flywire Corporation will post 0.4 EPS for the current year.
Insiders Place Their Bets In other Flywire news, major shareholder Voss Capital, Lp sold 25,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $18.86, for a total transaction of $471,500.00. Following the completion of the sale, the insider owned 11,500,000 shares in the company, valued at approximately $216,890,000. The trade was a 0.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael Massaro sold 50,000 shares of Flywire stock in a transaction on Monday, June 15th. The stock was sold at an average price of $15.26, for a total transaction of $763,000.00. Following the transaction, the chief executive officer directly owned 2,678,051 shares in the company, valued at $40,867,058.26. This represents a 1.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 409,389 shares of company stock valued at $6,888,120 over the last ninety days. 5.00% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Flywire A number of hedge funds and other institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System boosted its stake in Flywire by 1,334.6% during the second quarter. California State Teachers Retirement System now owns 2,103,094 shares of the company’s stock valued at $36,951,000 after buying an additional 1,956,492 shares during the period. Nykredit A S bought a new position in Flywire in the 2nd quarter worth about $29,000. Ancora Advisors LLC purchased a new stake in shares of Flywire in the 2nd quarter valued at about $176,000. Wellington Management Group LLP raised its holdings in shares of Flywire by 1.2% in the 2nd quarter. Wellington Management Group LLP now owns 5,340,579 shares of the company’s stock valued at $93,834,000 after acquiring an additional 64,998 shares in the last quarter. Finally, Globeflex Capital L P bought a new stake in shares of Flywire during the 2nd quarter valued at about $247,000. Institutional investors own 95.90% of the company’s stock.
Flywire Company Profile (Get Free Report)
Flywire Corp (NASDAQ: FLYW) is a global payments enablement and software company that specializes in facilitating complex cross-border transactions. Its cloud-based platform streamlines receivables and payer workflows across key verticals including education, healthcare, travel and hospitality, and commercial services. Flywire’s technology integrates with institutional systems to automate payment posting, reconciliation and reporting, aiming to improve the payer experience and accelerate cash flow for its clients.
Founded in 2009 by entrepreneur Iker Marcaide as peerTransfer, the company rebranded as Flywire in 2015.
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BOSTON, Aug. 25, 2026 (GLOBE NEWSWIRE) -- Flywire Corporation (Nasdaq: FLYW) ("Flywire" or the “Company"), a global payments enablement and software company, today announced that the Company will be attending the Goldman Sachs Communacopia + Technology Conference in San Francisco, CA on Thursday, September 10, 2026. Flywire CFO, Cosmin Pitigoi, will participate in a fireside chat discussion scheduled for 9:30am PT.
The fireside chat discussion will be webcast live from Flywire’s investor relations website at https://ir.flywire.com/. A replay of the webcast will be available on the investor relations website for 90 days following the discussions.
About Flywire
Flywire is a global payments enablement and software company. We combine our proprietary global payments network, next-gen payments platform, and vertical-specific software to deliver the most important and complex payments for our clients and their customers.
Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare, and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges.
Flywire supports approximately 5,100 clients with diverse payment methods in more than 140 currencies across more than 240 countries and territories around the world. The company is headquartered in Boston, MA, USA, with global offices. For more information, visit www.flywire.com. Follow Flywire on X, LinkedIn , and Facebook
Flywire displaces a large payment processor to power guest payments for the premium golf tour operator across its UK and Ireland operations
Win underscores Flywire's momentum in experiential travel and expanding footprint across the luxury golf segment
BOSTON and DUBLIN, Aug. 19, 2026 (GLOBE NEWSWIRE) -- Today, Travelling the Fairways, a premium inbound tour operator serving golfers across the UK and Ireland, announced it has selected Flywire Corporation (Flywire) (Nasdaq: FLYW), a global payments enablement and software company, as its exclusive payments partner. The partnership will see Flywire power the guest payment experience for Travelling the Fairways’ golf tour bookings, replacing a large payment processor across both its UK and Ireland entities and delivering a more seamless, integrated payment experience for golfers.
Founded in 1989 and headquartered across offices in Dublin and St. Andrews, Travelling the Fairways has spent more than three decades establishing itself as one of the most trusted names in bespoke golf travel. The company curates first-class golf vacations to Ireland, Scotland, England, Wales, Spain, and Portugal, serving golf enthusiasts and PGA professionals from across the globe with locally-expert, white-glove itineraries. The company operates two distinct business entities, Travelling the Fairways (UK) and Travelling the Fairways (Ireland), and plans to introduce France to its list of destinations, along with working with partners in South Africa, Australia and New Zealand. Its locations process significant payment volume from international golfers booking multi-destination travel packages.
As the business scaled, its payment infrastructure - built around a large, general-purpose processor - was no longer fit for the demands of a high-growth, multi-currency, cross-border travel operation. International clients were frequently surprised by high transaction fees because balances were presented only in Euros or British Pounds, with the true costs remaining unclear until hitting bank statements. Furthermore, payments made via traditional wire transfers were often short due to unexpected bank deductions, forcing the finance team into manual, time-consuming Excel matching. Managing the bridge between legacy payment processors and internal forms presented a data-silo challenge, limiting invoicing flexibility and real-time transaction visibility for both guests and staff.
Travelling the Fairways sought a payments partner purpose-built for the travel sector - one with the cross-border capabilities, transparent pricing, and streamlined reconciliation that a two-entity, multi-market operation requires. Flywire was selected to own the guest payment flow, consolidating the most critical stage of the payment lifecycle onto a single, specialized platform and giving golfers a seamless, localized payment experience from booking through final settlement.
“Travelling the Fairways is exactly the kind of partner Flywire is built to serve - a premium travel operator with international reach, meaningful payment volume across multiple markets, and high-net-worth guests who expect five-star hospitality standards from the moment they book. Stepping in to power the full guest payment flow and elevate their entire customer journey is a strong proof point of Flywire’s differentiation.” Colin Smyth, SVP and GM of Travel, Flywire
Since go-live, Travelling the Fairways has driven meaningful volume through Flywire. The partnership has successfully delivered targeted operational and strategic outcomes across the entire business; key benefits for Travelling the Fairways and its guests include:
Lower Processing Fees: Lower fees on cards significantly reduced processing fees on final balance payments.Eliminated Currency Conversion Gaps: Providing international guests with local automated payment options, such as free local ACH and EFT transfers for North American clients, completely eliminated the currency conversion discrepancies and wire errors previously caused by direct bank transfers.Streamlined Reconciliations and Reporting: The customized dual-portal dashboard allowed the finance team to isolate or combine reporting data for financial analysis on B2C and B2B transactions to eliminate manual tracking in Excel.Simplified Regulatory and Tax Compliance: The specialized reporting fields provided the exact, custom data formatting required for the company to accurately report financial records to Her Majesty’s Revenue and Customs (HMRC) in the UK and the Revenue Commissioners in Ireland.Enhanced Traveler and Guest Experience: High-net-worth travelers benefit from upfront, live currency transparency, flexible local payment choices, and secure 3D-verified checkouts that reflect five-star hospitality standards.
“Before Flywire, collecting cross-border payments was an administrative headache for our team and a source of hidden fee surprises for our guests. Our clients can now pay securely in their own currency with total transparency, while our finance team has reclaimed hours previously wasted on Excel reconciliation. For teams spread across multiple offices, it's made reconciliation seamless - we can track recorded payments in real-time and eliminate the duplication errors that used to happen when staff weren't aligned." — Jennifer Smart, Company Director, Travelling the Fairways International Ltd
About Flywire
Flywire is a global payments enablement and software company. We combine our proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for our clients and their customers.
Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges.
Flywire supports more than 5,300* clients with diverse payment methods in more than 140 currencies across 240 countries and territories around the world. Flywire is headquartered in Boston, MA, USA with global offices. For more information, visit www.flywire.com. Follow Flywire on X (formerly known as Twitter), LinkedIn and Facebook.
*Not including Flywire’s Invoiced and Sertifi acquisitions
Forward Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding Flywire's Travel strategy, expectations and plans of its business, market growth and trends. Flywire intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terms such as, but not limited to, “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “target,” “plan,” “expect,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. Such forward-looking statements are based upon current expectations that involve risks, changes in circumstances, assumptions, and uncertainties. Important factors that could cause actual results to differ materially from those reflected in Flywire's forward-looking statements include, among others, the factors that are described in the “Risk Factors” and “Management's Discussion and Analysis of Financial Condition and Results of Operations” sections of Flywire's Annual Report on Form 10-K for the year ended December 31, 2025 and Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, which are on file with the Securities and Exchange Commission (SEC) and available on the SEC's website at https://www.sec.gov/. The information in this release is provided only as of the date of this release, and Flywire undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
California State Teachers Retirement System lifted its stake in shares of Flywire Corporation (NASDAQ:FLYW – Free Report) by 42.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 146,602 shares of the company’s stock after acquiring an additional 43,651 shares during the period. California State Teachers Retirement System owned 0.12% of Flywire worth $1,706,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of FLYW. Wellington Management Group LLP increased its stake in Flywire by 173.3% in the third quarter. Wellington Management Group LLP now owns 3,358,186 shares of the company’s stock valued at $45,470,000 after purchasing an additional 2,129,514 shares in the last quarter. Voss Capital LP boosted its position in shares of Flywire by 21.5% during the 4th quarter. Voss Capital LP now owns 11,750,000 shares of the company’s stock worth $166,380,000 after purchasing an additional 2,080,202 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Flywire by 35.2% during the 4th quarter. Jennison Associates LLC now owns 4,420,633 shares of the company’s stock worth $62,596,000 after purchasing an additional 1,150,802 shares in the last quarter. Cooper Creek Partners Management LLC acquired a new stake in shares of Flywire in the 3rd quarter valued at about $15,433,000. Finally, Ameriprise Financial Inc. grew its stake in shares of Flywire by 430.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,289,540 shares of the company’s stock valued at $15,088,000 after buying an additional 1,046,544 shares during the period. 95.90% of the stock is owned by institutional investors.
Analyst Ratings Changes FLYW has been the topic of a number of recent research reports. The Goldman Sachs Group reiterated a “neutral” rating and issued a $22.00 target price on shares of Flywire in a report on Wednesday, August 5th. JPMorgan Chase & Co. upgraded shares of Flywire from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $14.00 to $16.00 in a report on Thursday, May 21st. New Street Research set a $16.00 price objective on shares of Flywire in a research note on Thursday, May 21st. Citigroup reissued a “neutral” rating on shares of Flywire in a research report on Thursday, August 6th. Finally, Truist Financial restated a “hold” rating and issued a $17.00 target price (down from $18.00) on shares of Flywire in a report on Friday, July 24th. Eight investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Flywire currently has an average rating of “Hold” and an average target price of $19.38.
View Our Latest Report on Flywire
Insider Buying and Selling at Flywire In other Flywire news, Director Phillip John Riese sold 5,000 shares of Flywire stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $15.43, for a total transaction of $77,150.00. Following the transaction, the director owned 234,493 shares of the company’s stock, valued at $3,618,226.99. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Rob Orgel sold 178,980 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $17.00, for a total value of $3,042,660.00. Following the completion of the transaction, the chief operating officer owned 959,061 shares in the company, valued at $16,304,037. The trade was a 15.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 304,889 shares of company stock valued at $4,958,590 in the last quarter. 5.00% of the stock is owned by company insiders.
Flywire Trading Down 0.1% NASDAQ FLYW opened at $17.46 on Thursday. The business has a fifty day simple moving average of $16.80 and a 200 day simple moving average of $14.48. Flywire Corporation has a 12 month low of $10.55 and a 12 month high of $18.98. The firm has a market capitalization of $2.15 billion, a P/E ratio of 67.16, a PEG ratio of 1.78 and a beta of 1.34.
Flywire (NASDAQ:FLYW – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). Flywire had a return on equity of 4.08% and a net margin of 4.77%.The firm had revenue of $163.80 million for the quarter, compared to analysts’ expectations of $156.47 million. During the same period in the prior year, the firm earned ($0.10) earnings per share. Flywire’s revenue was up 27.2% compared to the same quarter last year. As a group, sell-side analysts predict that Flywire Corporation will post 0.28 EPS for the current fiscal year.
Flywire Company Profile (Free Report)
Flywire Corp (NASDAQ: FLYW) is a global payments enablement and software company that specializes in facilitating complex cross-border transactions. Its cloud-based platform streamlines receivables and payer workflows across key verticals including education, healthcare, travel and hospitality, and commercial services. Flywire’s technology integrates with institutional systems to automate payment posting, reconciliation and reporting, aiming to improve the payer experience and accelerate cash flow for its clients.
Founded in 2009 by entrepreneur Iker Marcaide as peerTransfer, the company rebranded as Flywire in 2015.
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Flywire is expanding support for open banking payments in the U.S. and Canada.
The expansion, done in partnership with Trustly, is designed to let payers authorize secure, large domestic and cross-border payments from their bank accounts and in their local currency, the payments enablement company said in a Wednesday (Aug. 12) news release.
“Our clients tell us their payers want modern, digital payment experiences that eliminate friction,” said Kate Moran, vice president of global payments at Flywire.
“This expansion delivers exactly that – a fully online payment option that improves accuracy, reduces payment failures, and gives payers real-time visibility into their transactions. We’re applying the open banking infrastructure we’ve successfully scaled across Europe to North America, enabling our clients to confidently offer their payers a proven experience.”
According to the release, the partnership builds on a nearly 20-year collaboration between Flywire and Trustly in Europe while expanding support across North America.
When choosing to pay with Trustly Pay by Bank, payers use their existing online bank login credentials at checkout, with no need to re-enter bank account information to finish the transaction, Flywire said.
“Combined with Flywire, the partnership offers a secure and transparent payment option for high-value bank transfers,” the release added.
In other open banking news, recent PYMNTS Intelligence research shows that while many institutions look at open banking as a key to retaining consumer and business relationships, consumers are not yet entirely sold on the concept.
According to “Consumer Sentiment About Open Banking Payments,” completed in collaboration with Trustly, about 46% of American consumers said they would be willing to use open banking payments for at least one type of purchase, with monthly bills, groceries and subscriptions garnering the greatest interest. Still, only 11% of those consumers said they had actually made an open banking payment.
“The read across is that providers still face work explaining when consumers should choose account-to-account payments instead of cards, digital wallets or traditional bank bill pay,” PYMNTS wrote last month.
Trustly announced earlier this year it now has more than 120 million users worldwide, coming amid rising adoption of Pay by Bank in the U.K.
Around 15 million consumers and businesses in the U.K. are Pay by Bank users, the equivalent of almost a third of the country’s adult population, with the country’s open banking system marking its billionth payment late last month.
Flywire (FLYW) is executing a multi-vertical global payments and SaaS strategy, with strong operating leverage and sub-1% enterprise churn underpinning durable growth. FLYW's stock trades at ~3x forward EV/Revenue, a material discount to peers, despite 24%+ growth, expanding margins, and two consecutive guidance raises in 2026. Management guides to over $50M GAAP net income in 2026 (4x 2025), supported by continued buybacks and robust cash generation.
BOSTON, Aug. 12, 2026 (GLOBE NEWSWIRE) -- Flywire Corporation (Nasdaq: FLYW), a global payments enablement and software company, today announced expanded support for open banking payments in the U.S. and Canada with Trustly , allowing payers to conveniently authorize secure, large domestic and cross-border payments directly from their bank accounts and in their local currency. The expanded partnership builds on years of successful collaboration between Flywire and Trustly across Europe while expanding support across North America, and serves as evidence of Flywire's unique capability to streamline complex, global banking compliance, such as the distinct regulatory and technical open banking landscapes in the U.S., Canada and Europe.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Key Takeaways Flywire raised its 2026 outlook to 21%-27% FX-neutral growth and 200-400 bps of EBITDA margin expansion. Lower-margin health care and B2B ramps caused 300 bps of the 450-bps adjusted gross-margin decline.FLYW signed over 200 clients across 45 countries, while software and AI expand automation and payment reach. Flywire Corporation (FLYW - Free Report) used its second-quarter 2026 earnings call to emphasize operating leverage, broader growth drivers and a raised outlook despite education-policy uncertainty.
Earnings of 4 cents per share missed the Zacks Consensus Estimate of 9 cents. Revenues less ancillary services of $163.8 million topped the $154.3 million estimate, supporting higher 2026 targets.
FLYW Raises Its 2026 OutlookChief financial officer Cosmin Pitigoi raised the 2026 outlook to 21% to 27% FX-neutral revenue less ancillary services growth and 200 to 400 basis points of adjusted EBITDA margin expansion.
For the third quarter, management expects 16% to 22% FX-neutral growth and 100 to 300 basis points of adjusted EBITDA margin expansion.
Pitigoi tied the higher outlook to travel strength, hospitality payments and B2B and health care processing ramps. He retained cautious education assumptions because of visa-policy pressure.
Flywire Explains the Margin Trade-OffPitigoi said adjusted gross margin fell about 450 basis points to 56.6%. Roughly 300 basis points came from lower-margin health care and B2B payment-processing ramps.
Excluding those ramps, the normalized decline was about 150 basis points, within management’s expected annual range of 100 to 200 basis points. The temporary pressure should be largely complete by year-end.
The CFO said these volumes require little incremental operating expense, supporting EBITDA conversion. He targeted an adjusted EBITDA margin of about 25% for 2027, while chief executive officer Mike Massaro reiterated a longer-term 30% goal.
FLYW Broadens Its Growth BasePresident and chief operating officer Rob Orgel said Flywire signed more than 200 new clients across 45 countries for the second straight quarter. Deal sizes are rising as clients consolidate providers and manual workflows.
Education revenues outside the United States, United Kingdom, Canada and Australia grew more than 30% year over year. Roughly two-thirds of new education clients came from beyond those four markets.
Three new U.S. Student Financial Services deals carried double the ARR of the prior-year quarter’s signings. Orgel also highlighted the University of Liverpool win as evidence of demand for integrated billing, payment plans and collections.
Flywire Expands Software-Led MonetizationOrgel described software as the route to capturing more payment volume across education, hospitality, health care and B2B. Hospitality software serves more than 20,000 properties, with more than 40 locations signed across Europe and Asia year to date.
Massaro said about 45% of customer inquiries resolve automatically without human intervention. Flywire is targeting an auto-resolution rate above 50% by year-end while extending AI tools across engineering, sales and operations.
Pitigoi said operating-expense growth is running in the mid- to low-single digits this year and should remain in the low- to mid-single digits next year. Costs are expected to become relatively flat after transformation investment peaks in 2027.
FLYW Addresses Visa and Mix RisksA Deutsche Bank analyst asked whether proposed U.S. visa restrictions could damage demand. Massaro noted that many measures remain proposals, while Pitigoi kept a prudent assumption for a 30% U.S. visa decline.
A Raymond James analyst pressed management on the United Kingdom, which represents about one-quarter of revenues. Pitigoi said U.K. growth should decelerate in the second half and exit below the companywide rate.
A Morgan Stanley analyst questioned SFS economics as domestic volume rises. Massaro and Pitigoi said the product captures domestic and cross-border flows, producing a typical two- to threefold increase in gross profit dollars from broader adoption.
Flywire Maintains a Balanced Growth PostureManagement remains focused on expanding the software moat, unifying the payments platform and using digital transformation to create operating leverage. Pitigoi said organic investment, repurchases and M&A compete under an IRR framework.
The tone was confident on client wins but measured on visa trends, gross-margin mix and tougher 2027 comparisons. Flywire continues to frame its ambition around $1 billion in annual organic revenue and a 30% adjusted EBITDA margin.
What Zacks Signals Say About FLYWFLYW carries a Zacks Rank #3 (Hold). Its Value Score is C, Growth Score is A, Momentum Score is C and VGM Score is B, reflecting stronger growth characteristics and a favorable combined style profile alongside midrange value and momentum readings.
The Zacks framework gives greatest emphasis to Zacks Rank #1 (Strong Buy) and #2 (Buy) stocks paired with A or B Style Scores. A Zacks Rank #3 can still be held, but this is not a top-tier near-term signal. The rank can change as earnings estimates are revised after the results. You can see the complete list of today’s Zacks #1 Rank stocks here.
Why Flywire and Airbnb Could Be Quiet Winners of a CeasefireFlywire NASDAQ: FLYW reported second-quarter results that exceeded its expectations, led by travel performance, hospitality payment processing and stronger-than-anticipated contributions from healthcare and B2B payment-processing ramps. The company also raised its full-year revenue and adjusted EBITDA outlook, while maintaining a cautious posture toward international student visa trends in major education markets.
Total revenue less ancillary services reached $164 million, up more than 28% year over year on a spot basis and 27% on an FX-neutral basis, Chief Financial Officer Cosmin Pitigoi said. Transaction revenue increased 35% to $135.9 million, supported by 43% growth in transaction payment volume. Adjusted gross profit rose 19% to $93 million, while adjusted EBITDA increased to $24 million, producing a 14.6% margin and approximately 160 basis points of year-over-year expansion.
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The company recorded a GAAP net loss of $8 million in the quarter, improving from a $12 million loss in the prior-year period. Pitigoi said the second quarter is Flywire’s smallest revenue quarter seasonally and that net income and free cash flow are expected to be strongly positive for the full year.
Travel, Healthcare and B2B Support Results Pitigoi said Flywire’s revenue outperformance versus the midpoint of its outlook was driven largely by travel, where hospitality payments ramped faster than expected. Education revenue also exceeded internal expectations.
Payment processing in healthcare and the migration of B2B invoice customers added an approximately seven-point growth tailwind to payment processing during the quarter, above the mid-single-digit contribution Flywire had anticipated. The company expects that benefit to decelerate in the second half as it annualizes the related go-lives.
Adjusted gross margin was 56.6%, down about 450 basis points year over year. Pitigoi attributed roughly 300 basis points of the decline to the mix effect of higher payment-processing revenue from healthcare and B2B. He said the remaining decline reflected continued changes in vertical mix, rather than pricing pressure or less-disciplined competition.
“Processing volume carries the lower gross margin rate, but very little incremental OpEx because it runs over infrastructure and relationships we already have,” Pitigoi said, adding that these revenue streams can still convert gross profit dollars to EBITDA at a high rate.
Education Strategy Focuses on Software and Geographic Diversification Chief Executive Officer Mike Massaro said Flywire continues to operate in a difficult international education environment, citing negative visa trends in the United Kingdom, higher visa fees in Australia and more stringent regulations in the U.S. and U.K. The company’s guidance incorporates an assumed 30% decline in U.S. visas, which management described as a prudent approach.
Despite those pressures, Flywire said it is gaining share and expanding outside its traditional core education markets of the U.S., U.K., Canada and Australia. Education revenue from markets outside those four countries grew more than 30% year over year in the second quarter, and roughly two-thirds of new education clients signed during the quarter were in those growth markets.
President and Chief Operating Officer Rob Orgel pointed to momentum in continental Europe, including share gains in Spain and Switzerland, as well as activity in South Korea and Japan, where institutions are seeking international enrollment. The company also cited wins in Canada and Australia, including Sheridan College and Bond University.
Flywire signed more than 200 new clients across 45 countries and all of its verticals, matching the level reached in the first quarter. Travel led new-client additions, followed by education, according to Orgel.
In education, the company is emphasizing its Student Financial Services, or SFS, platform, which combines billing, payment plans, collections and payment processing. Flywire signed the University of Liverpool for SFS in the U.K. and signed three new U.S. SFS deals whose combined annual recurring revenue was double that of signings in the comparable 2025 quarter.
Orgel said clients using SFS have in some cases reduced inbound student-contact volume by 40%. He also said self-service payment plans have increased plan enrollment by roughly 50%, while default rates have declined from as high as 34% to below 2%. Flywire clients have collected more than $360 million in past-due tuition in-house, saving more than $70 million in agency fees, according to the company.
Hospitality, AI and Margin Goals Flywire’s hospitality software is used across more than 20,000 properties, Orgel said. The company has won contracts with hotel management groups including Peregrine Hospitality, Avion Hospitality and Marcus Hotels & Resorts. It has also signed more than 40 hospitality locations in Europe and Asia year to date as it expands a business that was historically concentrated in the U.S.
Management said artificial intelligence is increasingly being deployed in support, engineering and sales operations. Massaro said about 45% of customer inquiries are now resolved automatically without human intervention, with a target to exceed a 50% automated-resolution rate by year-end.
The company is also using AI tools and autonomous agents for tasks including code retirement, bug fixes, test maintenance and sales coaching. Flywire views these initiatives as part of a broader digital transformation intended to lower its cost to scale and generate operating leverage.
Massaro reiterated Flywire’s longer-term goal of reaching $1 billion in annual organic revenue and a 30% adjusted EBITDA margin over the next few years. Pitigoi said the company is targeting approximately a 25% adjusted EBITDA margin by 2027 and expects transformation investment to peak that year, with material savings expected afterward.
Raised 2026 Outlook Flywire raised its full-year 2026 outlook and now expects FX-neutral revenue growth of 21% to 27%. The forecast includes approximately three to four percentage points of growth from B2B and healthcare payment-processing ramps, as well as roughly 1.5 percentage points of inorganic contribution as the company laps Sertifi.
Adjusted gross profit is expected to grow in the high teens year over year on a spot basis. Adjusted EBITDA margin is expected to expand by roughly 200 to 400 basis points, reaching about 23% at the midpoint. Free cash flow conversion is expected to equal 70% to 75% of adjusted EBITDA. GAAP net income is expected to increase more than fourfold to over $50 million. Stock-based compensation is targeted at approximately 10% of revenue, with less than 2% dilution targeted for 2026. For the third quarter, Flywire expects FX-neutral revenue growth of 16% to 22%, low-teens gross profit dollar growth at spot rates, and roughly 200 basis points of adjusted EBITDA margin expansion at the midpoint. Management cautioned that education payment timing around U.K. deadlines and Chinese holidays could affect the quarter-to-quarter distribution of second-half revenue.
About Flywire (NASDAQ:FLYW)Flywire Corp NASDAQ: FLYW is a global payments enablement and software company that specializes in facilitating complex cross-border transactions. Its cloud-based platform streamlines receivables and payer workflows across key verticals including education, healthcare, travel and hospitality, and commercial services. Flywire's technology integrates with institutional systems to automate payment posting, reconciliation and reporting, aiming to improve the payer experience and accelerate cash flow for its clients.
Founded in 2009 by entrepreneur Iker Marcaide as peerTransfer, the company rebranded as Flywire in 2015.
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Flywire (FLYW - Free Report) reported $163.8 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 28.5%. EPS of $0.04 for the same period compares to -$0.09 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $154.26 million, representing a surprise of +6.19%. The company delivered an EPS surprise of -55.56%, with the consensus EPS estimate being $0.09.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Flywire performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total Payment Volume: $8.2 billion compared to the $7.21 billion average estimate based on four analysts.Revenue- Transaction: $135.9 million compared to the $122.6 million average estimate based on three analysts. The reported number represents a change of +35.1% year over year.Revenue Less Ancillary Services- Transaction: $135.9 million compared to the $122.43 million average estimate based on three analysts. The reported number represents a change of +35.2% year over year.Revenue Less Ancillary Services- Platform and other revenues: $28 million versus $28.92 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +3.3% change.Revenue- Platform and other revenues: $31.8 million compared to the $33.83 million average estimate based on three analysts. The reported number represents a change of +1.6% year over year.View all Key Company Metrics for Flywire here>>>
Shares of Flywire have returned -9.3% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Flywire (FLYW - Free Report) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.09 per share. This compares to a loss of $0.09 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -55.56%. A quarter ago, it was expected that this payments company would post earnings of $0.03 per share when it actually produced earnings of $0.1, delivering a surprise of +233.33%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Flywire, which belongs to the Zacks Internet - Software industry, posted revenues of $163.8 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 6.19%. This compares to year-ago revenues of $127.5 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Flywire shares have added about 17.4% since the beginning of the year versus the S&P 500's gain of 11%.
What's Next for Flywire?While Flywire has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Flywire was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.49 on $225.83 million in revenues for the coming quarter and $0.92 on $738.13 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the bottom 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Klaviyo, Inc. (KVYO - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 5.
This company is expected to post quarterly earnings of $0.19 per share in its upcoming report, which represents a year-over-year change of +18.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Klaviyo, Inc.'s revenues are expected to be $361.53 million, up 23.3% from the year-ago quarter.
Second Quarter Revenue Increased 27.2% Year-over-Year
Second Quarter Revenue Less Ancillary Services Increased 28.5% Year-over-Year
Previous Fiscal Year 2026 FX-Neutral Revenue Less Ancillary Services growth guidance raised by 300 bps at midpoint, Adjusted EBITDA margin growth guidance raised by 25 bps at midpoint
BOSTON, MA, Aug. 04, 2026 (GLOBE NEWSWIRE) -- Flywire Corporation (Nasdaq: FLYW) (“Flywire” or the “Company”), a global payments enablement and software company, today reported financial results for its second quarter ended June 30, 2026.
“Q2 was another strong quarter for Flywire, with results ahead of expectations and momentum building across all four verticals. We are signing larger accounts, expanding faster within existing ones, unifying our global platforms, and bringing agentic capabilities to market that will meaningfully improve the experience for our clients and their payers. The financial profile reflects it: revenue growth, expanding adjusted EBITDA margins, and growing free cash flow. The complexity we solve is our moat, and everything we are building today is a foundation for our path to $1 billion in revenue and 30% adjusted EBITDA margin," said Mike Massaro, Flywire’s CEO.
Second Quarter 2026 Financial Highlights:
GAAP Results
Revenue increased 27.2% to $167.7 million in the Second quarter of 2026, compared to $131.9 million in the Second quarter of 2025.Gross Profit increased to $89.6 million, resulting in Gross Margin of 53.4%, for the Second quarter of 2026, compared to Gross Profit of $75.1 million and Gross Margin of 57.0% in the Second quarter of 2025.Net loss was ($8.1) million in the Second quarter of 2026, compared to net loss of ($12.0) million in the Second quarter of 2025. Key Operating Metrics and Non-GAAP Results
Total Payment Volume increased 38.2% to $8.2 billion in the Second quarter of 2026, compared to $5.9 billion in the Second quarter of 2025.Revenue Less Ancillary Services increased 28.5% to $163.8 million in the Second quarter of 2026, compared to $127.5 million in the Second quarter of 2025. FX-Neutral Revenue Less Ancillary Services increased 26.9% year-over-year.Adjusted Gross Profit increased to $92.7 million, up 19.0% compared to $77.9 million in the Second quarter of 2025. Adjusted Gross Margin was 56.6% in the Second quarter of 2026 compared to 61.1% in the Second quarter of 2025.Adjusted EBITDA increased 44.5% to $24.0 million in the Second quarter of 2026, compared to $16.6 million in the Second quarter of 2025. Adjusted EBITDA margin increased by approximately 160 bps year-over-year to 14.6% in the Second quarter of 2026.Repurchased approximately 3.1 million shares of our common stock for approximately $49 million (excluding commissions), with approximately $123 million remaining in the share repurchase program as of the end of the Second quarter of 2026. Q2 2026 Key Business Performance highlights:
Commercial Highlights
Significant Enterprise Wins Across Regions: Closed marquee deals including a major EMEA cross-border expansion, landmark UK university platform consolidation, multiple US institutional full-suite implementations, and Canada cross-border expansion.SFS-Driven Education Expansion: Student Financial Services expansion in the US and UK continues our shift toward larger, more strategic engagements. We signed three new US SFS deals this quarter at double the ARR of the prior-year quarter, and added the University of Liverpool in the UK to consolidate manual workflows onto a single platform.Strong Deal Velocity & Geographic Diversification: We signed 200+ new clients across 45 countries and all verticals — a second straight quarter at this pace. Education revenue outside our "Big Four" markets grew 30%+ YoY, with roughly two of three new education clients coming from outside those core markets.Travel Momentum. In Experiential Travel, deal sizes rose as travel clients consolidated vendors onto our rails, and we signed 42 Hospitality software deals across Europe and Asia in the first half of 2026. Client, Product & Partner Highlights
Workday Integration Advancement (EDU): Wesleyan University went live as the first SFS school using Flywire's new Workday Student Integration API. As the first existing SFS client to migrate between two integrated ERPs, Wesleyan's implementation established a framework for future ERP transitions.Driftwood Hospitality Deployment: Expanded Travel Hospitality footprint with deployment across nearly 90 US hotel properties, demonstrating strong traction in the higher-value hospitality segment with integrated payments, digital signatures, and authorization workflows. Guidance
”Our second-quarter results give us the confidence to raise our full-year guidance for revenue and adjusted EBITDA, even as we remain prudent in our assumptions for the education vertical given the visa policy environment," said Flywire's CFO, Cosmin Pitigoi. “What's equally encouraging is what we see inside the P&L: operating expenses are scaling well below gross profit growth, which gives us conviction in our ability to scale profitably from here and achieve a fourfold increase in GAAP Net Income this year.”
Based on information available as of August 4, 2026, Flywire anticipates the following results for the third quarter and fiscal year 2026*.
Fiscal Year 2026FX-Neutral Revenue Less Ancillary Services Growth21-27% YoYAdjusted EBITDA Margin Growth+200 to 400 bps YoY Third Quarter 2026FX-Neutral Revenue Less Ancillary Services Growth16-22% YoYAdjusted EBITDA Margin Growth100-300 bps YoY
*Flywire has not provided a quantitative reconciliation of forecasted FX-Neutral Revenue Less Ancillary Services Growth to forecasted GAAP Revenue Growth or forecasted Adjusted EBITDA Margin Growth to forecasted GAAP Net Income Margin Growth or to forecasted GAAP net income (loss) before income taxes growth within this earnings release because Flywire is unable, without making unreasonable efforts, to calculate certain reconciling items with confidence. These items include, but are not limited to, income taxes, which are directly impacted by unpredictable fluctuations in the market price of Flywire's stock and foreign currency exchange rates.
These statements are forward-looking, and actual results may differ materially. Refer to the “Safe Harbor Statement” below for information on the factors that could cause Flywire’s actual results to differ materially from these forward-looking statements.
Conference Call
The Company will host a conference call to discuss second quarter financial results today at 5:00 pm ET. Hosting the call will be Mike Massaro, CEO, Rob Orgel, President and COO, and Cosmin Pitigoi, CFO. The conference call can be accessed live via webcast from the Company's investor relations website at https://ir.flywire.com/. A replay will be available on the investor relations website following the call.
Note Regarding Share Repurchase Program
Repurchases under the Company’s share repurchase program (the Repurchase Program) may be made from time to time through open market purchases, in privately negotiated transactions or by other means, including through accelerated share repurchase transactions or the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, in accordance with applicable securities laws and other restrictions, including Rule 10b-18. The timing, value and number of shares repurchased will be determined by the Company in its discretion and will be based on various factors, including an evaluation of current and future capital needs, current and forecasted cash flows, the Company’s capital structure, cost of capital and prevailing stock prices, general market and economic conditions, applicable legal requirements, and compliance with covenants in the Company’s credit facility that may limit share repurchases based on defined leverage ratios. The Repurchase Program does not obligate the Company to purchase a specific number of, or any, shares. The Repurchase Program does not expire and may be modified, suspended, or terminated at any time without notice at the Company’s discretion.
Key Operating Metrics and Non-GAAP Financial Measures
Flywire uses non-GAAP financial measures to supplement financial information presented on a GAAP basis. The Company believes that excluding certain items from its GAAP results allows management to better understand its consolidated financial performance from period to period and better project its future consolidated financial performance as forecasts are developed at a level of detail different from that used to prepare GAAP-based financial measures. Moreover, Flywire believes these non-GAAP financial measures provide its stakeholders with useful information to help them evaluate the Company’s operating results by facilitating an enhanced understanding of the Company’s operating performance and enabling them to make more meaningful period-to-period comparisons. There are limitations to the use of the non-GAAP financial measures presented here. Flywire’s non-GAAP financial measures may not be comparable to similarly titled measures of other companies. Other companies, including companies in Flywire’s industry, may calculate non-GAAP financial measures differently, limiting the usefulness of those measures for comparative purposes.
Flywire uses supplemental measures of its performance, which are derived from its consolidated financial information, but which are not presented in its consolidated financial statements prepared in accordance with GAAP. These non-GAAP financial measures include the following:
Revenue Less Ancillary Services. Revenue Less Ancillary Services represents the Company’s consolidated revenue in accordance with GAAP less (i) pass-through cost for printing and mailing services and (ii) marketing fees. The Company excludes these amounts to arrive at this supplemental non-GAAP financial measure as it views these services as ancillary to the primary services it provides to its clients.Adjusted Gross Profit and Adjusted Gross Margin. Adjusted gross profit represents Revenue Less Ancillary Services less cost of revenue adjusted to (i) exclude pass-through cost for printing services, (ii) offset marketing fees against costs incurred and (iii) exclude depreciation and amortization, including accelerated amortization on the impairment of customer set-up costs tied to technology integration, if applicable. Adjusted Gross Margin represents Adjusted Gross Profit divided by Revenue Less Ancillary Services. Management believes this presentation supplements the GAAP presentation of Gross Profit and Gross Margin with a useful measure of the gross profit and gross margin of the Company’s payment processing-related services, which are the primary services it provides to its clients.Adjusted EBITDA. EBITDA represents our consolidated net income (loss) in accordance with GAAP adjusted to exclude (i) interest expense, (ii) interest income, (iii) (benefit from) provision for income taxes and (iv) depreciation and amortization. Adjusted EBITDA represents EBITDA further adjusted by excluding (a) stock-based compensation expense and related payroll taxes, (b) the impact from the change in fair value measurement for contingent consideration associated with acquisitions,(c) gain (loss) from the remeasurement of foreign currency, (d) indirect taxes related to intercompany activity, (e) acquisition related transaction costs, (f) employee retention costs, such as incentive compensation, associated with acquisition activities, (g) restructuring costs, and (h) gain (loss) from investments. Management believes that the exclusion of these amounts to calculate Adjusted EBITDA provides useful measures for period-to-period comparisons of the Company’s business.
Adjusted EBITDA Margin. Adjusted EBITDA Margin represents Adjusted EBITDA divided by Revenue Less Ancillary Services. Management believes this presentation supplements the GAAP presentation of gross margin with a useful measure of the gross margin of the Company’s payment processing-related services, which are the primary services it provides to its clients.
FX Neutral Revenue Less Ancillary Services. FX Neutral Revenue Less Ancillary Services represents Revenue Less Ancillary Services adjusted to show presentation on a FX Neutral basis. The FX Neutral information presented is calculated by translating current-period results using prior-period weighted average foreign currency exchange rates. Flywire analyzes Revenue Less Ancillary Services on an FX Neutral basis to provide a comparable framework for assessing how the business performed, excluding the effect of foreign currency fluctuations.
Non-GAAP Operating Expenses. Non-GAAP Operating Expenses represents GAAP Operating Expenses adjusted by excluding (i) stock-based compensation expense and related payroll taxes, (ii) depreciation and amortization, (iii) acquisition related transaction costs, if applicable, (iv) employee retention costs, such as incentive compensation, associated with acquisition activities, (v) the impact from the change in fair value measurement for contingent consideration associated with acquisitions and (vi) restructuring costs. These non-GAAP financial measures are not meant to be considered as indicators of performance in isolation from or as a substitute for the Company’s revenue, gross profit, gross margin or net income (loss), or operating expenses prepared in accordance with GAAP and should be read only in conjunction with financial information presented on a GAAP basis. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measure are presented below. Flywire encourages you to review these reconciliations in conjunction with the presentation of the non-GAAP financial measures for each of the periods presented. In future fiscal periods, Flywire may exclude such items and may incur income and expenses similar to these excluded items.
Flywire has not provided a quantitative reconciliation of forecasted FX-Neutral Revenue Less Ancillary Services Growth to forecasted GAAP Revenue Growth or forecasted Adjusted EBITDA Margin Growth to forecasted GAAP Net Income Margin Growth or to forecasted GAAP net income (loss) before income taxes growth within this earnings release because it is unable, without making unreasonable efforts, to calculate certain reconciling items with confidence. These items include, but are not limited to, income taxes, which are directly impacted by unpredictable fluctuations in the market price of Flywire's stock and foreign currency exchange rates. For figures in this press release reported on an "FX-Neutral basis,” Flywire calculates the year-over-year impact of foreign currency movements using prior period weighted average foreign currency exchange rates.
About Flywire
Flywire is a global payments enablement and software company. We combine our proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for our clients and their customers.
Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare, and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges.
Flywire supports approximately 5,300** clients with diverse payment methods in more than 140 currencies across more than 240 countries and territories around the world. Flywire is headquartered in Boston, MA, USA, with global offices. For more information, visit www.flywire.com. Follow Flywire on X (formerly known as Twitter), LinkedIn and Facebook.
**Excludes clients from Flywire’s Sertifi and Invoiced acquisitions
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding Flywire’s future operating results and financial position, Flywire’s business strategy and plans, market growth, and Flywire’s objectives for future operations. Flywire intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terms such as, but not limited to, “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “target,” “plan,” “expect,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. Such forward-looking statements are based upon current expectations that involve risks, changes in circumstances, assumptions, and uncertainties. Important factors that could cause actual results to differ materially from those reflected in Flywire's forward-looking statements include, among others, Flywire’s future financial performance, including its expectations regarding FX Neutral Revenue Less Ancillary Services growth, Adjusted EBITDA margin growth and foreign exchange rates. Risks that may cause actual results to differ materially from these forward looking statements include, but are not limited to: Flywire’s ability to execute its business plan and effectively manage its growth; Flywire’s cross-border expansion plans and ability to expand internationally; anticipated trends, growth rates, and challenges in Flywire’s business and in the markets in which Flywire operates; the sufficiency of Flywire’s cash and cash equivalents to meet its liquidity needs; political, economic, foreign currency exchange rate, inflation, legal, social and health risks, that may affect Flywire’s business or the global economy; Flywire’s beliefs and objectives for future operations; Flywire’s ability to develop and protect its brand; Flywire’s ability to maintain and grow the payment volume that it processes; Flywire’s ability to further attract, retain, and expand its client base; Flywire’s ability to develop new solutions and services and bring them to market in a timely manner; Flywire’s expectations concerning relationships with third parties, including financial institutions and strategic partners; the effects of increased competition in Flywire’s markets and its ability to compete effectively; recent and future acquisitions or investments in complementary companies, products, services, or technologies; uncertainties associated with the timing and scope of future repurchases by FLYW of its common stock under its repurchase program, which may be discontinued, accelerated, suspended or delayed at any time due to various factors, including market conditions and the level of other investing activities and uses of cash; Flywire’s ability to enter new client verticals, including its relatively new hospitality sector; Flywire’s expectations regarding anticipated technology needs and developments and its ability to address those needs and developments with its solutions; Flywire’s expectations regarding its ability to meet existing performance obligations and maintain the operability of its solutions; Flywire’s expectations regarding the effects of existing and developing laws and regulations, including with respect to payments and financial services, taxation, privacy and data protection; Flywire’s ability to adapt its business to changes in government policy regarding tariffs and immigration; economic and industry trends, including the risk of a global recession, projected growth, or trend analysis; the effects of global events and geopolitical conflicts, including without limitation the ongoing hostilities in Ukraine and involving Israel, Hamas and Iran; Flywire’s ability to adapt to recommended or implemented U.S. policy changes, in particular those that impact higher education, the desire for foreign students to study in the U.S., immigration and visa policy, and changes to regulatory agencies and depth of enforcement of regulations; Flywire’s ability to adapt to changes in U.S. federal income or other tax laws or the interpretation of tax laws, including the Inflation Reduction Act of 2022 and The One Big Beautiful Bill Act of 2025; Flywire’s ability to attract and retain qualified employees; Flywire’s ability to maintain, protect, and enhance its intellectual property; Flywire’s ability to maintain the security and availability of its solutions; the increased expenses associated with being a public company; the future market price of Flywire’s common stock; and other factors that are described in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of Flywire's Annual Report on Form 10-K for the year ended December 31, 2025 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, which are on file with the Securities and Exchange Commission (SEC) and available on the SEC's website at https://www.sec.gov/. Additional factors may be described in those sections of Flywire’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, expected to be filed in the third quarter of 2026. The information in this release is provided only as of the date of this release, and Flywire undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)(Unaudited) (Amounts in thousands, except share and per share amount) Three Months Ended June 30, Six Months Ended June 30, 2026
2025
2026
2025
Revenue$167,744 $131,891 $355,856 $265,343 Costs and operating expenses: Payment processing services costs 74,748 53,887 152,199 104,450 Technology and development 18,387 17,106 37,819 34,017 Selling and marketing 38,913 38,377 79,407 74,946 General and administrative 38,467 30,175 78,420 63,233 Restructuring — 1,351 — 8,690 Total costs and operating expenses 170,515 140,896 347,845 285,336 (Loss) income from operations$(2,771) $(9,005) $8,011 $(19,993)Other income (expense): Interest expense (312) (1,065) (615) (1,789)Interest income 656 1,089 1,571 4,023 (Loss) gain from remeasurement of foreign currency (2,890) 3,947 404 7,523 Gain on available-for-sale debt securities — 8 — 166 Total other income (expense), net (2,546) 3,979 1,360 9,923 (Loss) income before income taxes (5,317) (5,026) 9,371 (10,070)Provision for income taxes 2,830 6,981 5,000 6,097 Net (loss) income$(8,147) $(12,007) $4,371 $(16,167)Foreign currency translation adjustment 2,877 6,655 1,976 9,332 Unrealized losses on available-for-sale debt securities, net of taxes (13) (36) (47) (165)Total other comprehensive income$2,864 $6,619 $1,929 $9,167 Comprehensive (loss) income$(5,283) $(5,388) $6,300 $(7,000)Net (loss) income attributable to common stockholders – basic and diluted$(8,147) $(12,007) $4,371 $(16,167)Net (loss) income per share attributable to common stockholders – basic$(0.07) $(0.10) $0.04 $(0.13)Net (loss) income per share attributable to common stockholders – diluted$(0.07) $(0.10) $0.03 $(0.13)Weighted average common shares outstanding – basic 122,404,404 121,852,349 122,290,676 122,539,986 Weighted average common shares outstanding – diluted 122,404,404 121,852,349 128,361,845 122,539,986 Condensed Consolidated Balance Sheets(Unaudited) (Amounts in thousands, except par value per share and share amounts) June 30, December 31, 2026
2025
Assets Current assets: Cash and cash equivalents$282,392 $330,303 Short-term investments 11,792 24,692 Accounts receivable, net 38,836 34,776 Unbilled receivables, net 21,291 20,522 Funds receivable from payment partners 108,703 155,455 Prepaid expenses and other current assets 41,458 36,540 Total current assets 504,472 602,288 Property and equipment, net 26,420 22,125 Intangible assets, net 177,743 189,050 Goodwill 407,025 406,507 Other assets 47,326 33,343 Total assets$1,162,986 $1,253,313 Liabilities and Stockholders’ Equity Current liabilities: Accounts payable$18,208 $15,298 Funds payable to clients 235,496 310,799 Accrued expenses and other current liabilities 56,739 55,715 Deferred revenue 20,474 19,951 Total current liabilities 330,917 401,763 Deferred tax liabilities 12,648 12,900 Other liabilities 2,831 3,479 Total liabilities 346,396 418,142 Commitments and contingencies Stockholders’ equity: Preferred stock, $0.0001 par value; 10,000,000 shares authorized, none issued and outstanding as of June 30, 2026 and December 31, 2025 — — Voting common stock, $0.0001 par value; 2,000,000,000 shares authorized, 133,968,610 shares issued and 121,609,147 shares outstanding as of June 30, 2026; 130,335,519 shares issued and 120,086,090 shares outstanding as of December 31, 2025 13 13 Non-voting common stock, $0.0001 par value; 10,000,000 shares authorized, none issued and outstanding as of June 30, 2026, and 1,873,320 shares issued and outstanding as of December 31, 2025, respectively — — Treasury voting common stock, at cost; 12,359,463 and 10,249,429 shares as of June 30, 2026 and December 31, 2025, respectively (177,411) (118,636)Additional paid-in capital 1,142,573 1,108,679 Accumulated other comprehensive income 4,417 2,488 Accumulated deficit (153,002) (157,373)Total stockholders’ equity 816,590 835,171 Total liabilities and stockholders’ equity$1,162,986 $1,253,313 Condensed Consolidated Statement of Cash Flows(Unaudited) (Amounts in thousands) Six Months Ended June 30, 2026
2025
Cash flows from operating activities: Net income (loss)$4,371 $(16,167)Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Unrealized gain from remeasurement of foreign currency (4,397) (9,747)Depreciation and amortization 15,302 12,270 Stock-based compensation expense 34,847 35,740 Amortization of deferred contract costs 1,130 768 Change in fair value of contingent consideration 1,727 (502)Deferred tax provision (2,387) 1,003 Change in provision for uncollectible accounts 607 252 Amortization of debt issuance costs 197 92 Net accretion of discounts and amortization of premiums on investments (16) (595)Other — (166)Changes in operating assets and liabilities, net of acquisitions: Accounts receivable (4,709) 94 Unbilled receivables (752) (1,518)Funds receivable from payment partners 49,244 2,090 Prepaid expenses, other current assets and other assets (16,989) (16,247)Funds payable to clients (73,365) (62,572)Accounts payable, accrued expenses and other current liabilities 736 (2,138)Other liabilities (793) (622)Deferred revenue 501 (2,914)Net cash provided by (used in) operating activities 5,254 (60,879)Cash flows from investing activities: Acquisitions of businesses, net of cash acquired — (319,835)Purchase of short-term and long-term investments — (14,802)Proceeds from the maturity and sale of short-term and long-term investments 12,707 142,334 Capitalization of internally developed software (6,492) (3,392)Purchases of property and equipment (412) (734)Net cash provided by (used in) investing activities 5,803 (196,429)Cash flows from financing activities: Proceeds from issuance of revolving credit facility — 125,000 Payment of revolving credit facility — (65,000)Contingent consideration paid for acquisitions — (2,710)Payments of tax withholdings for net settled equity awards (5,351) (2,364)Common stock repurchased including related costs (30,523) (54,304)Non-voting common stock repurchased and retired (29,036) — Proceeds from the issuance of stock under Employee Stock Purchase Plan 1,592 1,242 Proceeds from exercise of stock options 2,157 1,753 Net cash (used in) provided by financing activities (61,161) 3,617 Effect of exchange rates changes on cash and cash equivalents 2,193 8,135 Net change in cash and cash equivalents (47,911) (245,556)Cash and cash equivalents, beginning of period 330,303 495,242 Cash and cash equivalents, end of period$282,392 $249,686 * We have revised the six months ended June 30, 2025, Condensed Consolidated Statements of Cash Flows to correct classification errors identified and previously disclosed in our Form 10-Q during the nine month ended September 30, 2025.
Reconciliation of Non-GAAP Financial Measures
(Unaudited) (Amounts in millions, except percentages)
All dollar amounts in the tables below are rounded and as a result, certain amounts may not recalculate using the rounded amounts provided. Revenue Less Ancillary Services, Adjusted Gross Profit, and Adjusted Gross Margin Three Months Ended June 30, Six Months Ended June 30,(dollars in millions) 2026
2025
2026
2025
Revenue $167.7 $131.9 $355.9 $265.3 Adjusted to exclude gross up for: Pass-through cost for printing and mailing (3.9) (4.2) (7.9) (8.7)Marketing fees — (0.1) (0.1) (0.5)Revenue Less Ancillary Services $163.8 $127.5 $347.8 $256.2 Payment processing services costs 74.7 53.9 152.2 104.5 Hosting and amortization costs within technology and development expenses 3.4 2.9 7.3 5.3 Cost of Revenue $78.2 $56.7 $159.5 $109.8 Adjusted to: Exclude printing and mailing costs (3.9) (4.2) (7.9) (8.7)Offset marketing fees against related costs — (0.1) (0.1) (0.5)Exclude depreciation and amortization (3.1) (2.7) (6.9) (4.8)Adjusted Cost of Revenue $71.1 $49.7 $144.6 $95.8 Gross Profit $89.6 $75.1 $196.4 $155.6 Gross Margin 53.4% 57.0% 55.2% 58.7%Adjusted Gross Profit $92.7 $77.9 $203.2 $160.4 Adjusted Gross Margin 56.6% 61.1% 58.4% 62.6% Revenue Less Ancillary Services Disaggregated by Revenue Type(Unaudited)
Three Months Ended June 30, 2026 Three Months Ended June 30, 2025(dollars in millions) Transaction Platform and other revenues Revenue Transaction Platform and other revenues RevenueRevenue $135.9 $31.8 $167.7 $100.6 $31.3 $131.9 Adjusted to exclude gross up for: Pass-through cost for printing and mailing — (3.9) (3.9) — (4.2) (4.2)Marketing fees — — — (0.1) — (0.1)Revenue Less Ancillary Services $135.9 $28.0 $163.8 $100.5 $27.1 $127.5 Percentage of Revenue 81.0% 19.0% 100.0% 76.3% 23.7% 100.0%Percentage of Revenue Less Ancillary Services 82.9% 17.1% 100.0% 78.8% 21.2% 100.0% Six Months Ended June 30, 2026 Six Months Ended June 30, 2025(dollars in millions) Transaction Platform and other revenues Revenue Transaction Platform and other revenues RevenueRevenue $291.1 $64.8 $355.9 $209.1 $56.3 $265.3 Adjusted to exclude gross up for: Pass-through cost for printing and mailing — (7.9) (7.9) — (8.7) (8.7)Marketing fees (0.1) — (0.1) (0.5) — (0.5)Revenue Less Ancillary Services $291.0 $56.8 $347.8 $208.6 $47.6 $256.2 Percentage of Revenue 81.8% 18.2% 100.0% 78.8% 21.2% 100.0%Percentage of Revenue Less Ancillary Services 83.7% 16.3% 100.0% 81.4% 18.6% 100.0% FX Neutral Revenue Less Ancillary Services (Unaudited) Three Months Ended June 30, Growth Six Months Ended June 30, Growth(dollars in millions) 2026
2025
Rate 2026
2025
RateRevenue $167.7 $131.9 27.2% $355.9 $265.3 34.1%Ancillary services (3.9) (4.3) (8.1) (9.2) Revenue Less Ancillary Services 163.8 127.5 28.5% 347.8 256.2 35.7%Effects of foreign currency rate fluctuations (2.0) — (9.4) — FX Neutral Revenue Less Ancillary Services $161.8 $127.5 26.9% $338.4 $256.2 32.1% Reconciliation of Non-GAAP Operating Expenses (Unaudited) Three Months Ended June 30, Six Months Ended June 30,(dollars in millions) 2026
2025
2026
2025
GAAP Technology and development $18.4 $17.1 $37.8 $34.0 (-) Stock-based compensation expense and related taxes (2.5) (3.2) (5.8) (6.4)(-) Depreciation and amortization (1.6) (1.6) (3.4) (3.3)Non-GAAP Technology and development $14.2 $12.3 $28.6 $24.3 GAAP Selling and marketing $38.9 $38.4 $79.4 $74.9 (-) Stock-based compensation expense and related taxes (6.0) (4.9) (11.1) (9.2)(-) Depreciation and amortization (4.5) (4.3) (9.8) (7.3)Non-GAAP Selling and marketing $28.5 $29.2 $58.6 $58.4 GAAP General and administrative $38.5 $30.2 $78.4 $63.2 (-) Stock-based compensation expense and related taxes (9.2) (9.3) (18.6) (17.7)(-) Depreciation and amortization (1.0) (0.8) (2.0) (1.6)(-) Change in fair value of contingent consideration (0.5) 0.7 (1.7) 0.5 (-) Acquisition related transaction costs — (0.1) — (2.5)Non-GAAP General and administrative $27.7 $20.7 $56.0 $41.9 EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin (Unaudited)
Three Months Ended June 30, Six Months Ended June 30,(dollars in millions) 2026
2025
2026
2025
Net (loss) income $(8.1) $(12.0) $4.4 $(16.2)Interest expense 0.3 1.0 0.6 1.8 Interest income (0.7) (1.1) (1.6) (4.0)Provision for income taxes 2.8 7.0 5.0 6.1 Depreciation and amortization expense 7.9 7.2 16.5 13.0 EBITDA 2.2 2.1 24.9 0.7 Stock-based compensation expense and related taxes 17.8 17.3 35.5 33.3 Change in fair value of contingent consideration 0.5 (0.7) 1.7 (0.5)Loss (gain) from remeasurement of foreign currency 2.9 (3.9) (0.4) (7.5)Gain on available-for-sale debt securities — — — (0.2)Indirect taxes related to intercompany activity 0.6 0.4 1.5 1.0 Acquisition-related transaction costs — 0.1 — 2.5 Restructuring — 1.4 — 8.7 Adjusted EBITDA $24.0 $16.6 $63.3 $38.0 Adjusted EBITDA margin 14.6% 13.0% 18.2% 14.8%
Key Takeaways dLocal offers the stronger setup, backed by wide reach, profitable operations and expanding client use.Existing-merchant revenues rose 58%, net revenue retention hit 152%, and payment volume grew 73%.Flywire has a strong niche, but education exposure, acquisition effects and margin pressure weigh on appeal. Flywire Corporation (FLYW - Free Report) and DLocal Limited (DLO - Free Report) both simplify cross-border payments, but they are built around different opportunities. Flywire focuses on complex, high-value payment flows in industries such as education, healthcare, travel and business services. Its software becomes part of clients’ billing and collection processes, which can support long relationships and deeper product use. dLocal takes a broader infrastructure approach, helping global companies accept payments and send funds across emerging markets through a single connection.
That difference shapes the investment debate. Flywire offers a specialized platform with room to expand inside established industries, while dLocal benefits from rising digital commerce and financial activity across markets that remain difficult for multinational companies to serve directly.
Recent results show healthy demand at both businesses, but quarterly growth alone does not settle the question. Investors must also consider competitive advantages, customer expansion, geographic exposure, execution risk, profitability and the price attached to each stock before deciding which opportunity looks stronger.
The Case for FLYWFlywire’s strongest feature is its industry focus. Payments in education, healthcare, travel, and business services involve multiple currencies, regulatory requirements and complicated reconciliation. By combining payment processing with software, Flywire can solve operational problems that a basic checkout provider may not address. This makes the platform more useful and can raise switching costs for its clients.
The company has ways to deepen existing relationships. A university can begin with international tuition payments and later add domestic billing, payment plans, collections or scholarship disbursements. The Scholarship America partnership and Flywire’s work with Penn State show how the platform can move beyond one transaction type. Its Driftwood relationship points to a similar strategy in travel.
Financial progress supports the broader case. First-quarter payment volume grew 36.5%, adjusted EBITDA increased sharply, and more than 200 clients were added. Those figures suggest that Flywire is winning business and gaining operating leverage. Still, acquisitions contributed to growth, and lower adjusted gross margin shows that expansion does not automatically produce better economics.
Flywire’s risks are concentrated. Education remains important, leaving the business sensitive to international student mobility, visa policies and university spending. Its move into several verticals creates opportunity, but it also requires careful execution across markets with varied customer needs.
Overall, Flywire has a credible niche and improving financial discipline. Compared with dLocal, however, its growth engine looks more dependent on vertical expansion, acquisitions and steady client adoption.
The Case for DLOdLocal’s advantage comes from simplifying markets that are difficult for global merchants to enter. Instead of building separate connections to banks, wallets, card networks and regulators in each country, a merchant can use dLocal’s platform to accept payments, send payouts and manage local processing. Each additional market and payment method can make that network more useful.
dLocal’s advantage comes from simplifying markets that are difficult for global merchants to enter. Global companies want access to emerging markets, but local payment methods, currencies and regulations make expansion difficult. dLocal offers one connection supporting pay-ins and payouts across more than 60 countries. That reach can reduce the need to build separate infrastructure market by market.
Its model benefits from customer expansion. Once a major merchant connects to dLocal, it can add countries, payment methods and transaction types without replacing the core integration. First-quarter revenues from existing merchants rose 58%, while net revenue retention reached 152%. Those figures show clients are increasing their use of the platform.
dLocal has a fast-moving payment network. Quarterly payment volume reached $14.1 billion and grew 73%, helped by strong local-to-local and cross-border activity. Scale can strengthen the platform by supporting licenses, banking relationships and merchant services. It may spread technology and compliance costs across a broader transaction base.
However, emerging-market exposure also brings currency, regulatory, political and settlement risks for investors. Even with those risks, dLocal’s setup looks stronger. It combines wide geographic coverage, expanding customer relationships, profitable operations and exposure to markets where digital payments have room to grow. Compared with Flywire’s specialized approach, dLocal offers a broader runway and clearer evidence that its platform becomes more valuable as customers expand across more products, countries and regions over time.
How Do Estimates Compare for FLYW & DLO?The Zacks Consensus Estimate for Flywire’s 2026 and 2027 sales implies year-over-year growth of 22.41% and 15.66%, respectively. The consensus mark for 2026 and 2027 EPS suggests a year-over-year increase of 736.36% and 40.58%, respectively. Over the past 60 days, estimates for FLYW’s 2026 and 2027 EPS have remained unchanged.
For Flywire:
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for dLocal’s 2026 and 2027 sales calls for year-over-year growth of 38.34% and 25.48%, respectively. The consensus estimate for 2026 EPS has been revised upward over the past week, while the same for 2027 has been kept unchanged. The figures suggest a year-over-year increase of 2.50% and 31.30%, respectively.
For DLocal:
Image Source: Zacks Investment Research
Price Performance and Valuation of FLYW & DLOSo far in the year, Flywire shares have rallied 16.9%, while dLocal shares have risen 3.2%. In comparison, the S&P 500 composite has advanced 6.7% in the same time frame.
Image Source: Zacks Investment Research
FLYW is trading at a forward price-to-sales of 2.54X, which is above its one-year median of 2.47X.
Meanwhile, DLO is presently trading at a forward price-to-sales of 2.48X, which is below its one-year median of 2.87X and comparatively looks attractive.
Image Source: Zacks Investment Research
ConclusionFlywire remains a solid payments company with specialized software, improving profitability and opportunities to expand across several industries. Its platform can become deeply embedded in client workflows, but education exposure, acquisition effects and gross-margin pressure make the near-term risk-reward less compelling.
While dLocal carries its own risks, especially the complexity of emerging markets, its wider geographic reach, faster payment growth, strong customer expansion and profitable model create the better long-term setup. Investors choosing one of these stocks may find dLocal more attractive for fresh investments, while Flywire looks better suited to continued ownership and careful monitoring.
DLO has a Zacks Rank #2 (Buy), while FLYW carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
BOSTON, July 21, 2026 (GLOBE NEWSWIRE) -- Today, Flywire Corporation (Flywire) (Nasdaq: FLYW), a global payments enablement and software company, announced that its second quarter financial results will be released after market close on Tuesday, August 4, 2026. Flywire will host a conference call to discuss its second-quarter financial results at 5:00 pm ET the same day. Hosting the call will be Mike Massaro, CEO, Rob Orgel, President and COO, and Cosmin Pitigoi, CFO.
The conference call will be webcast live from Flywire’s investor relations website at https://ir.flywire.com/. A replay will be available on the investor relations website following the call.
About Flywire
Flywire is a global payments enablement and software company. We combine our proprietary global payments network, next-generation payments platform, and vertical-specific software to deliver the most complex and critical payments for our clients and their customers.
Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare, and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges.
Flywire supports over 5,100** clients with diverse payment methods in more than 140 currencies across over 240 countries and territories worldwide. The company is headquartered in Boston, MA, USA, with global offices. For more information, visit www.flywire.com. Follow Flywire on X, LinkedIn, and Facebook.
Key Takeaways Flywire's Q1 2026 revenues rose 41% as B2B, Education, Travel and Healthcare drove growth.Flywire raised FY2026 payment-processing ramp-up contribution outlook to 3-4 percentage points.Flywire expects broader B2B software adoption to strengthen long-term growth and profitability. Flywire Corp.'s (FLYW - Free Report) B2B business is becoming a key growth driver as enterprises look to modernize manual, fragmented invoice-to-cash workflows. Its software-enabled payment platform automates invoicing, collections and accounts receivable processes, enabling customers to improve efficiency while expanding payment volumes and software adoption over time.
The momentum was evident in the first quarter of 2026. Flywire reported revenues of $188.1 million, up 41% year over year, while Revenue Less Ancillary Services rose 43% to $184 million, or 37.2% on a constant-currency basis. Management attributed the strong performance to a better-than-expected education season, continued strength in Travel, and payment-processing ramp-up in Healthcare and B2B.
B2B growth is being fueled primarily by expanding existing customer relationships rather than new client wins. Increased payment-processing volumes from B2B invoice migration initiatives, along with the Cleveland Clinic implementation, contributed a mid-single-digit percentage-point tailwind to first-quarter revenue growth. Management expects a similar contribution in the second quarter before these ramp-up benefits moderate in the second half of 2026. It also raised its expected full-year 2026 revenue contribution from payment-processing ramp-up to 3-4 percentage points.
While these B2B ramp-ups carry a lower-margin profile, weighing on adjusted gross margin, they are meaningfully boosting revenue growth and payment volume. As Flywire expands software adoption across its B2B customer base and moves beyond the initial ramp-up period, the business is expected to deliver a stronger mix of software revenues alongside payment processing, supporting long-term growth and profitability.
How Are FLYW’s Competitors Fairing?BILL Holdings (BILL - Free Report) is a listed competitor in AP/AR automation, SMB payments and financial workflows. In its March 2026 quarter, BILL served 493,800 businesses, processed $89 billion in TPV (+12% year over year) and handled 34 million transactions (+14% year over year), showing BILL’s scale in B2B payments.
Corpay (CPAY - Free Report) is another listed competitor in corporate payments, payables, cards and vendor-payment workflows. In first-quarter 2026, CPAY reported 25% year-over-year revenue growth, 11% organic revenue growth and 29% adjusted EPS growth, underscoring CPAY’s commercial payment strength.
FLYW’s Price Performance, Valuation & EstimatesShares of FLYW have rallied 50.6% over the past three months, outperforming the broader industry and the S&P 500 Index.
Image Source: Zacks Investment Research
In terms of forward 12-month P/E, FLYW stock is trading at 15.82X, which is at a discount to the Zacks Internet Software industry’s 27.31X.
Image Source: Zacks Investment Research
Flywire’s estimate revisions reflect a positive trend. The Zacks Consensus Estimate for full-year 2026 EPS has been significantly revised upward. It indicates a significant year-over-year increase.
Image Source: Zacks Investment Research
Flywire currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Throughout the Iran war over the last several months, global travel has been affected, with impacts ranging from shifts in airspace usage to increased fuel costs and even changes in traveler behavior, as some have chosen to postpone international trips due to safety or cost concerns. Although it remains to be seen at the start of H2 2026 how the conflict between the United States and Iran may continue or be resolved, a post-ceasefire scenario may lead to increased stability in the travel industry.
Boosts to consumer confidence, lower fuel and ticket prices, restored flight routes, and other changes could all lead to a boom for certain companies operating within the industry. Of course, there may be an upper limit to the benefits for the leisure travel space in parts of the world outside of the Middle East, and there are other reasons why the cost of air travel is likely to remain high regardless of an Iran conflict. However, two stocks to keep an eye on include Flywire Corp. NASDAQ: FLYW and Airbnb, Inc. NASDAQ: ABNB.
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A Payments Company Tied to Global TravelFlywire is not likely the first company investors will think of when it comes to the travel industry—the firm is a global payments enablement company that is in the business of cross-border transactions. Travel is one of its verticals, but it is also involved in education, health care, and commercial services.
Flywire Today
$18.75 0.00 (0.00%)
As of 07/2/2026 04:00 PM Eastern
52-Week Range$10.10▼
$18.92P/E Ratio81.52
Price Target$18.07
Nonetheless, even for portions of Flywire's business that are not specifically related to hospitality, travel can have an impact. For example, international education payments often relate to students or their families traveling abroad—more robust travel rates may mean more opportunities to facilitate payments.
A rebound in travel could also mean more international hotels being booked, more tour operators facilitating payments around the world, and so on. Flywire's business benefits from stronger payment volume, rather than just from airline ticket sales or hotel bookings.
Fortunately for Flywire, it has already been thriving even prior to a resolution of the U.S.-Iran conflict. In the first quarter of 2026, for instance, the company reported 41% year over year (YOY) gains to revenue and adjusted EBITDA of $39 million while raising full-year revenue and EBITDA forecasts. Many of these improvements were the result of new education clients, meaning that there could be additional room for leisure- and business-travel growth.
Analysts do see overall earnings momentum continuing and expect earnings growth to reach about 111% in the coming year. For investors, the question may be whether FLYW shares can keep up with this momentum after having already returned about 32% year to date (YTD). The stock is not cheap—it trades at about 81x earnings—but Wall Street is optimistic, as FLYW has nine Buy ratings, one Strong Buy, and five Holds.
A More Direct Travel Marketplace FirmAirbnb is known for its host-driven lodging platform, with accommodations available around the world. The company's broad geographic distribution means that many portions of its business were only minimally impacted by the conflict. A ceasefire may boost bookings in certain regions surrounding the Middle East, for instance, or thanks to restored consumer confidence among those taking international trips.
Airbnb Today
$148.93 0.00 (0.00%)
As of 07/2/2026 04:00 PM Eastern
52-Week Range$110.81▼
$150.19P/E Ratio36.68
Price Target$158.36
A bigger sign to watch for might be whether an end to the U.S.-Iran conflict helps reduce travel costs. Cost-conscious travelers have historically turned to Airbnb for its value relative to hotels in many regions. If a ceasefire drives down prices offered by hosts—or if hotel costs rise faster than Airbnb costs—the company may benefit.
Revenue for Airbnb has been solid—it climbed 18% YOY to $2.7 billion in the latest reported quarter, and the company expects low-to-mid-teen revenue growth for the full year. Emphasizing the importance of cost, the company's Reserve Now, Pay Later policy has helped to power growth in stays and other metrics. The company is also keeping costs down by increasingly utilizing AI in coding and customer assistance.
Airbnb estimated that the Middle East conflict posed a drag of about 100 basis points on nights/seats, so a resolution there could have a noticeable bearing going forward. Still, with lingering concerns about housing regulation, competition, consumer discretionary spending, and more, there are additional factors for investors to keep in mind. Nonetheless, analysts see ABNB stock as a strong option: the company enjoys 23 Buy ratings, two Strong Buy ratings, 13 Holds, and one Sell, in addition to modest upside potential of 6% even after rising by more than 8% YTD.
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Edwin J Santos, Director at Flywire Corporation (FLYW +3.91%), reported the sale of Common Stock in an open-market transaction on June 8, 2026, according to a SEC Form 4 filing.
Transaction summaryMetricValueShares sold (direct)6,524Transaction value~$92KPost-transaction shares (direct)11,558Post-transaction value (direct ownership)~$160KTransaction value based on SEC Form 4 weighted average purchase price ($14.12); post-transaction value based on June 8, 2026 market close (using $14.12).
Key questionsHow does the size of this transaction compare to Santos’s previous sales?
The 6,524 shares sold represent the smallest of Santos’s last three open-market sales, which have ranged from 6,524 to 10,466 shares, reflecting a decline in transaction size as his available holdings have decreased.What proportion of Santos’s direct Common Stock holdings was impacted?
This sale accounted for 36.08% of his direct Common Stock holdings at the time of the transaction, a considerable reduction that aligns with his recent pattern of sizable proportional dispositions.Were any indirect holdings or derivative securities involved?
No indirect or derivative positions were disclosed; all shares sold were held and disposed of directly by Santos, with no trust, LLC, or options activity reported in this filing.What does this activity indicate about future capacity for similar transactions?
With post-sale direct holdings at 11,558 shares (about 23.4% of his year-ago position), the declining trade size is primarily a function of reduced share inventory, signaling that future sales may be smaller unless additional shares are acquired or vested.Company overviewMetricValuePrice (as of market close 2026-06-08)$13.88Market capitalization$1.71 billionRevenue (TTM)$677.69 millionNet income (TTM)$30.18 million* 1-year performance is calculated using June 8th, 2026 as the reference date.
Company snapshotProvides a global payment processing platform and software solutions, with integration to leading alternative payment methods such as Alipay, Boleto, and PayPal/Venmo; core revenue is generated from transaction fees and software services across education, healthcare, travel, and B2B sectors.Operates a technology-driven business model, facilitating cross-border and domestic payments in multiple currencies and payment types, leveraging direct integrations and value-added services to monetize payment flows.Primary customers include educational institutions, healthcare providers, travel companies, and business enterprises seeking efficient, secure, and flexible payment solutions for their clients and payers worldwide.Flywire Corporation is a Boston-based provider of global payment technology, serving clients across diverse verticals. The company leverages a proprietary platform to streamline complex payment processes, enabling efficient cross-border transactions and compliance for institutions and their customers.
With a focus on high-growth sectors such as education and healthcare, Flywire differentiates itself through its robust integrations with alternative payment methods and its ability to handle multi-currency, high-value payments at scale.
What this transaction means for investorsSantos’s sale of more shares of Flywire stock is likely not a surprise for investors observing his behavior. He has made multiple share sales in the past.
Nonetheless, this transaction alone accounted for 36% of his holdings, and when considering past sales, it appears Santos has been a seller of his own company’s stock for some time. Also, that attitude might be understandable as the stock had lost around three-fourths of its value over the last five years.
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However, given the improved metrics, one has to wonder whether Santos sold too much stock. During the last 12 months, the stock rose by 32%. Also, its price-to-sales (P/S) ratio is less than 3.
That is a bargain, considering its $188 million in revenue for the first quarter of 2026 was up 41%. It was also a significant spike from the 26% revenue growth for 2025. That growth occurred as it expanded into travel and hospitality and integrated its software with more systems.
Given the improved financial performance and Flywire’s growing presence in the marketplace, it looks more like a fintech stock to buy than one to sell right now.
Will Healy has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Chief Payments Officer Mohit Kansal reported the sale of a portion of his stake in Flywire Corporation (FLYW +4.74%) in an open-market transaction,, according to a SEC Form 4 filing.
Transaction summaryMetricValueShares sold (direct)54,543Transaction value$827,000Post-transaction shares (direct)504,320Post-transaction value (direct ownership)~$7.72 millionTransaction value based on SEC Form 4 weighted average purchase price ($15.15); post-transaction value based on June 15, 2026 market close ($15.15).
Key questionsHow material was this sale relative to Kansal’s prior disposition activity?
This transaction is the largest single sale by Kansal on record, representing 9.8% of his direct ownership, compared to the previous sale of 16,101 shares (2.8%) in May 2026; the increase in size is a function of remaining share capacity following prior sales.What is the current market context for Flywire shares?
Shares were sold at a weighted average price of around $15.15 per share, near the June 15, 2026, close of $15.31; Flywire has appreciated 43% over the past year as of the transaction date.Does Kansal retain a substantial ownership position after this sale?
Following the transaction, Kansal directly holds 504,320 shares (0.41% of shares outstanding) and maintains his entire position in Voting Common Stock, which is convertible to Common Stock, preserving meaningful alignment with shareholders.Company overviewMetricValuePrice (as of market close 6/15/26)$15.15Market capitalization$1.89 billionRevenue (TTM)$677.69 millionNet income (TTM)$30.18 million* 1-year performance metrics use June 15, 2026 as the reference date.
Company snapshotOffers a global payment processing platform serving education, healthcare, travel, and B2B sectors, with integrated support for multiple currencies and payment methods.Generates revenue through transaction fees and value-added software solutions that facilitate cross-border and domestic payments for institutional clients.Primary customers include universities, hospitals, travel companies, and corporate enterprises requiring secure, efficient, and flexible payment solutions.Flywire Corporation is a leading provider of payment technology and software solutions, enabling seamless transactions for institutional clients across diverse industries and geographies. The company leverages a proprietary platform with direct integrations to major alternative payment providers, supporting complex, multi-currency transactions. Its global reach and sector-focused approach provide competitive differentiation in the information technology services market.
What this transaction means for investorsSince SEC filings never reveal why an executive sells shares, investors are often left to wonder about the rationale for the transaction. Although we do not know why Kansal chose to sell some shares, this sale likely should not concern investors.
For one, he joined the company 10 years ago, an indication of his confidence in the company. Another reason is the size of the transaction. As previously mentioned, Kansal sold just 9.8% of his shares in the fintech stock, and the value of his remaining shares is approximately $7.72 million, another indication of confidence in the company.
However, Kansal has exercised tremendous patience with the company, and the 43% gain in the stock price over the previous year came after the stock still sells at a discount of more than 70% from its 2021 high.
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Still, the company has turned profitable, which makes its 66 P/E ratio more understandable. Moreover, given its 15 P/E ratio, the stock is arguably inexpensive at these levels. Those factors make it likely Kansal sold shares for personal reasons instead of concerns about the fundamentals of Flywire stock.
Will Healy has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Flywire Corp (FLYW +2.79%) and Visa Inc (V 0.80%) both play vital roles in moving money, but they represent very different paths for your portfolio. This comparison examines their financials and risks to help you decide which fits your goals.
Flywire focuses on solving complex, high-value payment problems in specific industries like education and healthcare. Visa operates the massive underlying infrastructure that powers billions of daily transactions globally. We compare their financials and risks to help you decide which stock is the better buy.
The case for FlywireFlywire operates as a global payments enablement and software company, often categorized among high-growth tech stocks. It processes both cross-border and domestic payments for specialized clients in the education, healthcare, and travel industries. By focusing on these complex verticals, the company provides tailored software that automates high-value transactions for more than 5,100 clients across 240 countries.
In FY 2025, revenue reached $603 million, representing approximately 27% year-over-year growth. The company reported a net income of $13.5 million for the year, marking a notable improvement over prior years. This results in a net margin of roughly 2.2%, representing the percentage of total revenue remaining after the company pays all operating costs and taxes.
As of its December 2025 balance sheet, the company had no debt. The current debt level is just $1.45 million, compared to more than $325 million in cash on hand for the business, indicating the company has more than enough short-term assets to cover its immediate liabilities.
The case for VisaVisa operates as a global payments technology company that serves billions of consumers, businesses, and government entities. It enables digital payments to replace cash and checks in more than 200 countries and territories worldwide. This massive scale creates a powerful network effect where a growing number of cardholders makes the network more valuable to merchants.
In FY 2025, revenue reached $40 billion, representing approximately 11.4% growth over the previous year. The company reported a net income of nearly $20.1 billion for the same period. This results in a net margin of roughly 50.1%, indicating the percentage of each dollar of revenue retained as profit.
As of its September 2025 balance sheet, the debt-to-equity ratio is approximately 0.7x, which compares total debt to shareholder equity, a metric used to evaluate if a business can pay its short-term debts with its current assets. The current ratio is about that as well.
Risk profile comparisonFlywire faces risks from global government policies that restrict international student movement, such as visa caps in Canada, the U.S., and Australia. Geopolitical friction between major economies such as China and the U.S. also threatens to slow cross-border transaction volumes. Furthermore, intense competition from legacy payment providers puts constant pressure on the company to maintain its pricing and market share.
Visa operates under heavy regulatory scrutiny, specifically regarding the interchange fees it charges for processing transactions. The company faces stiff competition from other global networks like Mastercard (MA 0.48%) and American Express (AXP 0.51%), as well as new real-time payment systems. Additionally, any significant cybersecurity breach could lead to data loss and substantial regulatory fines.
Valuation comparisonVisa and Flywire are equally good buys based on their identical Forward P/E ratio, comparing price to future earnings estimates. Flywire carries a lower P/S ratio, measuring price against revenue.
MetricFlywireVisaSector BenchmarkForward P/E22.2x22.2x32.2xP/S ratio3.0x16.8xSector benchmark uses the SPDR XLK sector ETF.
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
Encrypted payment system providers like Visa have been under attack from fintechs and neobanks for years, as a shift toward mobile banking and innovation in financial products and transaction speed has allowed new entrants like Flywire to gain a foothold.
While both companies are profitable —Visa more so —and have equal price-to-forward earnings ratios that are cheaper than the financial services sector overall, each has a forward P/E of 22.2 in recent trading; the younger and more nimble Flywire gets the nod.
The knee-jerk reaction to the U.S. tamping down on foreign students is that it’s bad for Flywire, which has established a strong niche in serving students. But the company’s experience with similar admissions tightening in Canada and Australia shows that such restrictions don’t reduce Flywire’s business; they simply shift where students go to school. Given that Flywire has a global network that is especially strong in countries like India, which send many students abroad, this doesn’t really affect its business.
The global nature of Flywire’s network — it accepts payments from 240 countries — has not only given it real strength in the student realm but has also enabled it to grow businesses in travel and health care, which see lots of cross-border payments. Revenue is expected to rise about 24% to $747 million this year, with net income improving. Growth-wise, Visa’s scale works against it: its sales are expected to rise about 14%, still impressive, but not at a forward price-to-sales ratio so much larger than its smaller competitor.
Flywire (FLYW - Free Report) reported $184 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 43%. EPS of $0.10 for the same period compares to $0.03 a year ago.
The reported revenue represents a surprise of +9.4% over the Zacks Consensus Estimate of $168.19 million. With the consensus EPS estimate being $0.03, the EPS surprise was +218.47%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Flywire performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total Payment Volume: $11.4 billion compared to the $10.42 billion average estimate based on four analysts.Revenue- Transaction: $155.2 million versus the three-analyst average estimate of $139.74 million. The reported number represents a year-over-year change of +43.1%.Revenue Less Ancillary Services- Transaction: $155.1 million versus $138.38 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +43.4% change.Revenue Less Ancillary Services- Platform and other revenues: $28.8 million versus $26.7 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +39.8% change.Revenue- Platform and other revenues: $32.9 million versus the three-analyst average estimate of $27.5 million. The reported number represents a year-over-year change of +31.8%.View all Key Company Metrics for Flywire here>>>
Shares of Flywire have returned +19.5% over the past month versus the Zacks S&P 500 composite's +9.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
BOSTON, May 14, 2026 (GLOBE NEWSWIRE) -- Flywire Corporation (Nasdaq: FLYW)("Flywire" or the “Company"), a global payments enablement and software company, today announced that the Company will be attending the following upcoming investor conferences:
On Wednesday, May 20, 2026, the Company will attend the J.P. Morgan 47th Global Technology, Media, and Communications Conference in Boston, MA. Flywire CEO, Mike Massaro will participate in a fireside chat discussion which will begin at 09:20 am EST.On Thursday, June 4, 2026, the Company will attend the William Blair 46th Annual Growth Stock Conference in Chicago, IL.
The fireside chat discussion will be webcast live from Flywire’s investor relations website at https://ir.flywire.com/. A replay of the webcast will be available on the investor relations website for 90 days following the discussions.
About Flywire
Flywire is a global payments enablement and software company. We combine our proprietary global payments network, next-gen payments platform, and vertical-specific software to deliver the most important and complex payments for our clients and their customers.
Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare, and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges.
Flywire supports approximately 5,100 clients with diverse payment methods in more than 140 currencies across more than 240 countries and territories around the world. The company is headquartered in Boston, MA, USA, with global offices. For more information, visit www.flywire.com. Follow Flywire on X, LinkedIn , and Facebook
BOSTON, May 15, 2026 (GLOBE NEWSWIRE) -- Flywire Corporation (Nasdaq: FLYW) (“Flywire” or the “Company”), a global payments enablement and software company, today announced a significant step in the execution of its previously announced plan to repurchase up to $50 million shares of its common stock. In connection with its First Quarter 2026 earnings release, Flywire announced an intention to enter into an accelerated share repurchase (ASR) program of up to $50 million in shares as part of its existing $300 million share repurchase program - a direct expression of the Company's confidence in its long-term value and its disciplined approach to capital allocation.
Flywire maintains a buy rating as growth accelerates across Education, Travel, Healthcare, and B2B, with strong Q1 2026 results. Q1 revenue grew 41% y/y, with adjusted EBITDA up 81.8% and margin expanding 452 bps to 21.4%, despite gross margin pressure. Education remains a core driver, but SFS penetration, geographic diversification, and non-Education verticals are increasingly contributing to growth.
May 20, 2026 09:00 ET | Source: Flywire Corporation
Flywire’s hospitality solutions power digital payments, signatures, and authorizations for nearly 90 Driftwood hotel properties throughout the United States
Flywire’s solutions help Driftwood reduce operational friction and enhance the guest experience across its portfolio of leading hospitality brands such as Hyatt, Marriott, Hilton, IHG and more
BOSTON, May 20, 2026 (GLOBE NEWSWIRE) -- Flywire Corporation (Nasdaq: FLYW), a global payments enablement and software company, today announced the expansion of its partnership with Driftwood Hospitality Management (“Driftwood”), a leading hotel management company, to deploy Flywire's hospitality solutions across nearly 90 U.S. hotel locations. Driftwood, an existing customer of Flywire’s solutions for payments, signatures and authorizations, is rolling out enhanced payments capabilities to further streamline guest transactions and back-office operations.
Driftwood Hospitality Management is renowned for its fully integrated approach to hospitality services. Driftwood manages over 15,000+ rooms across nearly 90 hotels, including brands such as Marriott, Hyatt, Hilton, IHG, and more, as well as with independent boutique hotels. Strong partnerships with these major brands and industry leaders keep Driftwood at the forefront of hospitality. Over its 27-year history, Driftwood’s talented teams have won over 110 awards reflecting its innovation, flexibility, diversity, and focus on results.
Driftwood had already been benefiting from payments, authorization and e-signature solutions - part of Flywire’s portfolio of hospitality solutions - which allowed the hotel management company to significantly accelerate their sales cycle across locations by enabling guests to sign contracts and submit deposits securely from any device, often resulting in a 90% faster turnaround time. To support its growing portfolio and elevate the guest experience, Driftwood moved to modernize its payments infrastructure, replacing outdated manual workflows - including the scanning and emailing of sensitive data - with a secure, scalable solution. In particular, Driftwood needed a platform that could accept and process a variety of payment types - and especially ACH payments - which help them slim down their fees and reduce hidden costs.
Driftwood selected Flywire for its robust global payment capabilities, which not only help eliminate hidden costs but also gives guests a seamless experience. With the rollout of additional Flywire’s payments offerings, Driftwood properties will now be able to:
Guarantee payment by requesting it alongside an e-signature.Implement a lower-risk way to process cards.Accept ACH payments, which cost significantly less to process than credit cards and are less risky than sharing wire instructions. These new payments solutions, combined with existing features like secure online portals, fraud prevention, multi-currency support, and automated reminders, are poised to enhance efficiency and the guest experience across Driftwood's properties. In just five months, Flywire's solutions have already reduced payment processing costs by nearly 30% across 10 of Driftwood properties - with ACH adoption and electronic authorization workflows driving measurable savings across millions in total payment volume.
"Flywire's comprehensive travel and hospitality solutions have really up-leveled our operations,” said Carol Davies, Senior Vice President of Commercial Strategy at Driftwood. “They’ve helped us significantly reduce turnaround time for both payments and contract signatures, while simultaneously lowering the burden of reconciliation and manual data entry. The platform also helps us reduce chargebacks and fosters improved transparency between our sales and finance teams. This technology allows us to operate more efficiently and deliver the elevated, seamless service our guests expect."
“The demands of the hospitality industry are constantly evolving, requiring sophisticated solutions that go beyond basic payment processing to truly embed within and optimize a hotel’s operational workflow,” said Colin Smyth, SVP and GM of Travel at Flywire. “Our hospitality solutions are designed specifically to meet these needs, offering a unified, secure platform for contracts, authorizations, and payments. By expanding their use of Flywire's technology, Driftwood is strategically investing in a best-in-class technology that simplifies complex transactions, elevates the guest journey, and drives tangible efficiencies for their staff.”
About Flywire
Flywire is a global payments enablement and software company. We combine our proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for our clients and their customers. Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges.
Flywire supports more than 5,100** clients with diverse payment methods in more than 140 currencies across 240 countries and territories around the world. Flywire is headquartered in Boston, MA, USA with global offices. For more information, visit www.flywire.com. Follow Flywire on X, LinkedIn and Facebook.
**Not including Flywire’s Invoiced and Sertifi acquisitions.
About Driftwood Hospitality Management (DHM)
Driftwood Hospitality Management is an award-winning, third-party hotel management company with a portfolio that includes more than 80 hotels totaling 15,000 rooms throughout North America, Latin America and the Caribbean. Ranked among the Top 20 Hotel Management Companies in the U.S., DHM helps hotel and resort owners achieve success in daily operations, acquisitions and new development, renovations/repositioning, and receiverships. Founded 27 years ago, DHM offers unparalleled expertise in the areas of sales/marketing, revenue management, technology, human resources, procurement, quality control, food & beverage, and accounting/legal services. For more information, visit www.driftwoodhospitality.com.
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding Flywire's business strategy, expectations and plans, market growth and trends. Flywire intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terms such as, but not limited to, "believe," "may," "will," "potentially," "estimate," "continue," "anticipate," "intend," "could," "would," "project," "target," "plan," "expect," or the negative of these terms, and similar expressions intended to identify forward-looking statements. Such forward-looking statements are based upon current expectations that involve risks, changes in circumstances, assumptions, and uncertainties. Important factors that could cause actual results to differ materially from those reflected in Flywire's forward-looking statements include, among others, the factors that are described in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of Flywire's Annual Report on Form 10-K for the year ended December 31, 2025 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, which are on file with the Securities and Exchange Commission (SEC) and available on the SEC's website at https://www.sec.gov/.The information in this release is provided only as of the date of this release, and Flywire undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
Flywire NASDAQ: FLYW CEO Mike Massaro said the payments company is seeing benefits from a strategic review that focused on streamlining operations, improving data and systems, and reinvesting in priority areas.
Speaking in a fireside chat with Tien-Tsin Huang, Payments and IT Services Analyst at JPMorgan, Massaro said Flywire responded to changes in some of its end markets with a “three-pronged approach” that included organizational streamlining, optimization across geographies and products, and reinvestment in selected regions, products and teams.
“We feel really good about the work we did, and I think we’re in a great position to scale,” Massaro said.
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Complex Payments Remain Core to Flywire’s Strategy Massaro said Flywire’s businesses in education, travel, healthcare and B2B payments are tied together by a focus on complex payment flows. He said the company targets clients with challenging billing processes, international payment needs or industry-specific systems of record.
“We like to run in towards complexity as a team,” Massaro said, adding that Flywire uses industry-focused software along with a shared payments platform and infrastructure.
He cited wins with educational institutions such as Cornell and Penn State, as well as Cleveland Clinic in healthcare, as examples of the types of complex payment problems Flywire aims to solve.
Travel Business Focused on Hospitality Expansion Massaro said Flywire’s travel business has two main parts: a hospitality business that is currently “heavily U.S.-centric” and a luxury and experiential travel business. He said the two are about equal in size and both are growing well within Flywire.
The hospitality business includes Sertifi, which Flywire acquired to expand into hotel back-office workflows such as documentation, signatures and payment processing for events including weddings, conferences and corporate gatherings. Massaro said the company is preparing for an international launch of the hospitality product from the end of this year into next year.
He said Sertifi is ahead of schedule on monetizing about $3 billion of payments that had not previously been monetized. Flywire acquired roughly 20,000 hotel locations through Sertifi, mostly in the United States, and has spent the past year integrating the product with Flywire payments and preparing it for global use.
On the luxury and experiential side, Massaro said Flywire has opportunities to expand by geography, subsector and software. He pointed to Southeast Asia, Australia and New Zealand as areas where the company has added go-to-market teams, and cited specialized travel categories such as ocean experiences, golf and cycling.
Massaro said Flywire has not seen an impact yet from Middle East conflict on its travel business, though the company is monitoring international travel flows and fuel-related pressures. He said the Middle East could eventually become a growth region for Flywire in education and travel B2B payments, but it is not a current focus for luxury experiential expansion given the conflict.
Education Business Navigates Visa Headwinds In education, Massaro said Flywire has taken a cautious approach to visa-related assumptions in its guidance. He said the company is assuming flat visa issuance in the U.K. and Canada, and that a 30% drop in U.S. visas is already baked into the company’s guide.
Despite those headwinds, Massaro said Flywire has continued to gain share and grow in education markets. He attributed that performance to the company’s land-and-expand strategy, including deployment of more software to existing clients.
A key priority is Flywire’s Student Financials Solution, or SFS, which Massaro described as a student account portal and billing and payment suite that can handle domestic and international tuition payments, one-time payments and payment plans.
Massaro said SFS is only about 10% penetrated across Flywire’s existing education customers, leaving significant cross-sell opportunity. He said Flywire is currently focused on the top four education geographies, but sees demand in many additional countries where universities still rely on PDF invoices and email-based billing processes.
Healthcare Momentum Includes Large Logo Wins Massaro said Flywire’s healthcare team has made progress in a complex market that typically has lower growth. He highlighted Cleveland Clinic, Endeavor, Cook County and Jackson Health as significant wins.
Flywire is finishing its Cleveland Clinic implementation and is seeing payment volume ramp, Massaro said. He noted that this has contributed to a mix shift in gross margin discussed by the company.
Massaro said there are only so many large hospital systems comparable to Cleveland Clinic, but Flywire will continue pursuing large healthcare deals. He said the business is on a better growth trajectory than it was last year.
AI and Stablecoins Seen as Opportunities Asked whether artificial intelligence could threaten Flywire’s business, Massaro said the company must continue to innovate but argued that Flywire’s regulated global payments infrastructure, embedded industry-specific software, multi-year customer agreements and subject-matter expertise create barriers to disruption.
He said Flywire is using AI internally to improve product and engineering workflows, triage support tickets and increase efficiency. Massaro said the company has seen a 40% reduction in payer support tickets as work has shifted from manual queues to automated agentic processes.
On stablecoins, Massaro said Flywire is evaluating the technology across three areas: acceptance, internal money movement and payout or settlement. He said a stablecoin pilot announced several quarters ago is active across more than 1,000 clients.
Massaro said stablecoin volume remains small relative to Flywire’s total payment volume, but economics so far have been on par with bank transfer. He said demand from Flywire’s large enterprise clients to settle in stablecoins is not yet significant.
However, Massaro said stablecoins could help Flywire move money more efficiently when traditional currency markets are closed, potentially improving speed or economics in certain situations.
Looking broadly at the business, Massaro said Flywire started the year strongly, has continued to gain share and is becoming more efficient. He said the company expanded EBITDA margin by 300 basis points last year and has guided for 275 basis points of expansion this year, while continuing to invest in systems, data and AI to support future scale.
About Flywire NASDAQ: FLYWFlywire Corp NASDAQ: FLYW is a global payments enablement and software company that specializes in facilitating complex cross-border transactions. Its cloud-based platform streamlines receivables and payer workflows across key verticals including education, healthcare, travel and hospitality, and commercial services. Flywire's technology integrates with institutional systems to automate payment posting, reconciliation and reporting, aiming to improve the payer experience and accelerate cash flow for its clients.
Founded in 2009 by entrepreneur Iker Marcaide as peerTransfer, the company rebranded as Flywire in 2015.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
Should You Invest $1,000 in Flywire Right Now?Before you consider Flywire, you'll want to hear this.
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Flywire (FLYW - Free Report) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.
Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.
Therefore, the Zacks rating upgrade for Flywire basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Flywire imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for FlywireThis payments company is expected to earn $0.42 per share for the fiscal year ending December 2026, which represents no year-over-year change.
Analysts have been steadily raising their estimates for Flywire. Over the past three months, the Zacks Consensus Estimate for the company has increased 48.7%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Flywire to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
FLYWIRE CORP (FLYW - Free Report) : This company, which operates as a payment enablement and software company, has seen the Zacks Consensus Estimate for its current year earnings increasing 23.5% over the last 60 days.
Lifetime Brands (LCUT - Free Report) : This company, which is a leading designer, marketer and distributor of kitchenware, cutlery & cutting boards, bakeware & cookware, pantryware & spices, tabletop and bath accessories, has seen the Zacks Consensus Estimate for its current year earnings increasing 19.7% over the last 60 day.
Great Elm Capital Group (GECC - Free Report) : This diversified investment company, which operates in investment management, financial products and merchant banking, has seen the Zacks Consensus Estimate for its current year earnings increasing 18.3% over the last 60 days.
Atlanticus (ATLC - Free Report) : This company, which provides credit and related financial services and products, has seen the Zacks Consensus Estimate for its current year earnings increasing 11.8% over the last 60 days.
Orla Mining (ORLA - Free Report) : This company, which is primarily engaged in developing the Camino Rojo Oxide Gold Project, an advanced gold and silver open-pit and heap leach project, located in Zacatecas State, Central Mexico, has seen the Zacks Consensus Estimate for its current year earnings increasing 8.6% over the last 60 days.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, May 29th:
Lifetime Brands (LCUT - Free Report) : This company, which is a leading designer, marketer and distributor of kitchenware, cutlery & cutting boards, bakeware & cookware, pantryware & spices, tabletop and bath accessories, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 19.7% over the last 60 days.
Lifetime Brands' shares gained 166.6% over the last three month compared with the S&P 500’s gain of 10%. The company possesses a Momentum Score of A.
FLYWIRE CORP (FLYW - Free Report) : This company, which operates as a payment enablement and software company, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 23.5% over the last 60 days.
FLYWIRE CORP’s shares gained 27.5% over the last three month compared with the S&P 500’s gain of 10%. The company possesses a Momentum Score of A.
Pelagos Insurance Capital Limited (PLGO - Free Report) : This insurance holding company, which has insurance and reinsurance operations principally in Bermuda, Ireland and the United Kingdom, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.9% over the last 60 days.
Pelagos Insurance Capital Limited’s shares gained 11.7% over the last three month compared with the S&P 500’s gain of 10%. The company possesses a Momentum Score of A.
See the full list of top ranked stocks here
Learn more about the Momentum score and how it is calculated here.
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Flywire (FLYW - Free Report) , which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Flywire currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market? In order to see if FLYW is a promising momentum pick, let's examine some Momentum Style elements to see if this payments company holds up.
Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.
For FLYW, shares are up 0.37% over the past week while the Zacks Internet - Software industry is up 1.79% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 17.32% compares favorably with the industry's 2.18% performance as well.
While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of Flywire have increased 19.35% over the past quarter, and have gained 53.29% in the last year. On the other hand, the S&P 500 has only moved 10.24% and 29.77%, respectively.
Investors should also pay attention to FLYW's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. FLYW is currently averaging 2,510,809 shares for the last 20 days.
Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with FLYW.
Over the past two months, 8 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost FLYW's consensus estimate, increasing from $0.34 to $0.42 in the past 60 days. Looking at the next fiscal year, 8 estimates have moved upwards while there have been no downward revisions in the same time period.
Bottom LineGiven these factors, it shouldn't be surprising that FLYW is a #1 (Strong Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Flywire on your short list.
Flywire (FLYW - Free Report) closed the last trading session at $15.14, gaining 4.2% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $19.13 indicates a 26.4% upside potential.
The average comprises 15 short-term price targets ranging from a low of $16.00 to a high of $22.00, with a standard deviation of $1.88. While the lowest estimate indicates an increase of 5.7% from the current price level, the most optimistic estimate points to a 45.3% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.
However, an impressive consensus price target is not the only factor that indicates a potential upside in FLYW. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.
Price, Consensus and EPS Surprise
Here's What You Should Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Why FLYW Could Witness a Solid UpsideThere has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current year, eight estimates have moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 20.6%.
Moreover, FLYW currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Therefore, while the consensus price target may not be a reliable indicator of how much FLYW could gain, the direction of price movement it implies does appear to be a good guide.
June 09, 2026 09:00 ET | Source: Flywire Corporation
Flywire partners with the nation's largest nonprofit scholarship administrator to modernize the billion-dollar industry of scholarship disbursements
Flywire replicates its proven 529 digital delivery model to further embed across the student financial lifecycle
BOSTON, June 09, 2026 (GLOBE NEWSWIRE) -- Flywire Corporation (Flywire) (Nasdaq: FLYW), a global payments enablement and software company, today announced a partnership with Scholarship America, the nation's largest nonprofit scholarship administrator, to power electronic scholarship disbursements to students and institutions in the United States. Following an extensive evaluation, Scholarship America selected Flywire for its reach across nearly 1,000 U.S. higher education institutions and its proven track record digitizing 529 college savings plan disbursements - providing Scholarship America a partner with broad reach and infrastructure already in place from day one. Through the partnership, Flywire will help Scholarship America expand its digital disbursement capabilities, increasing ACH payments delivered directly to students and institutions, while reducing reliance on more than 110,000 paper checks issued annually.
Flywire’s Proven Model, Applied at New Scale
The partnership replicates Flywire’s successful 529 college savings plan disbursement model and applies automation to scholarship payments at significant scale to drive efficiency. In both cases, Flywire solves the same fundamental problem: eliminating paper checks that are slow, difficult to reconcile, and prone to delays that can block student registration and create administrative backlogs for institutions. The Flywire solution digitizes these flows end-to-end, posting disbursements directly into institutions’ student systems and giving all parties real-time visibility into the 529 payment or scholarship award status.
With 529 disbursements, Flywire demonstrated it could eliminate a multi-step, manual process and replace it with a fully digital path to payment and reconciliation. Since launching the 529 solution, Flywire has delivered more than $9 billion in electronic 529 tuition payments directly to colleges and universities, across more than 800 institutions. The Scholarship America partnership extends that proven capability to a new, high-volume funding source, with the same streamlined institutional integration at its core.
Enabling More of the Student Financial Journey
The partnership brings together two organizations with complementary strengths across the student funding lifecycle at a time when affordability remains a growing concern for students and institutions worldwide. Combining Scholarship America’s expertise in scholarship administration, donor stewardship, and student support with Flywire’s global payment infrastructure and digital disbursement capabilities, the collaboration creates a more seamless scholarship experience for donors, institutions, and students alike. Together, the organizations are working to reduce friction in the student funding process, helping scholarship dollars reach recipients more efficiently and securely while maximizing their impact on student success.
The market opportunity is substantial. Scholarship America alone has distributed more than $6 billion in scholarships to over 3.5 million students since 1958. Each year, Scholarship America administers more than 1,350 unique scholarship programs on behalf of Fortune 500 companies, federal agencies, local governments, small businesses, foundations, and individual philanthropists. In 2025 alone, the organization awarded more than 100,000 students with $337 million in scholarships. By combining Scholarship America’s scale and trusted relationships with Flywire’s digital payment capabilities, the partnership has the potential to improve the student experience, helping scholarship funds reach recipients more quickly and efficiently while strengthening support for students throughout their educational journey.
“Scholarship America is committed to eliminating every possible barrier to educational success, and that includes the administrative friction of fund distribution,” said Mike Nylund, President & CEO of Scholarship America. “In evaluating a partner to modernize our disbursement process, Flywire’s proven track record with 529 plans and their deep integration into the higher education ecosystem made them the clear choice. Providing a seamless digital experience, powered by Flywire, allows us to serve our students and institutional partners with the speed, transparency, and security they deserve.”
“Our partnership with Scholarship America represents a natural extension of our mission to solve the most complex payment challenges in higher education,” said Sharon Butler, Co-President of Global Education at Flywire. “By digitizing the manual, paper-based processes that have historically slowed down scholarship distribution, we are not only driving massive administrative efficiencies for institutions, but more importantly, we are ensuring students get the financial support they need, exactly when they need it. This further solidifies Flywire’s role as an essential component of the student financial journey.”
Better Outcomes for Every Stakeholder
The shift to electronic payments delivers meaningful improvements across the board. Students receive funds faster and directly into their institutional accounts, eliminating delays to registration and billing. Built-in tracking tools give recipients real-time visibility into payment status. Scholarship sponsors gain enhanced reporting and fewer administrative issues. And institutions benefit from reduced back-office processing.
Resources
To learn more about Flywire’s scholarship disbursement solution, visit here Flywire and Scholarship America will be hosting a webinar, Moving Beyond the Paper Check, on June 10th from 1-2 pm ET. To register live or watch the recording, sign up here. About Flywire
Flywire is a global payments enablement and software company. We combine our proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for our clients and their customers. Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges.
Flywire supports more than 5,100** clients with diverse payment methods in more than 140 currencies across 240 countries and territories around the world. Flywire is headquartered in Boston, MA, USA with global offices. For more information, visit www.flywire.com. Follow Flywire on X (formerly known as Twitter), LinkedIn, and Facebook.
**Not including Flywire’s Invoiced and Sertifi acquisitions.
About Scholarship America
Scholarship America is the nation's largest nonprofit scholarship administrator, dedicated to eliminating barriers to educational success. Since 1958, Scholarship America has distributed more than $6 billion to over 3.5 million students, administering 1,350+ unique scholarship programs on behalf of Fortune 500 companies, federal agencies, foundations, and individual philanthropists. In 2025, Scholarship America awarded more than 100,000 students with $337 million in scholarships. Learn more at scholarshipamerica.org.
Forward Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding Flywire's education business, business strategy, expectations and plans, market growth and trends. Flywire intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terms such as, but not limited to, "believe," "may," "will," "potentially," "estimate," "continue," "anticipate," "intend," "could," "would," "project," "target," "plan," "expect," or the negative of these terms, and similar expressions intended to identify forward-looking statements. Such forward-looking statements are based upon current expectations that involve risks, changes in circumstances, assumptions, and uncertainties. Important factors that could cause actual results to differ materially from those reflected in Flywire's forward-looking statements include, among others, the factors that are described in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of Flywire's Annual Report on Form 10-K for the year ended December 31, 2025 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, which are on file with the Securities and Exchange Commission (SEC) and available on the SEC's website at https://www.sec.gov/.The information in this release is provided only as of the date of this release, and Flywire undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
On June 4, 2026, Edwin J Santos, Director, reported the sale of 10,466 shares of Flywire Corporation (FLYW 0.07%) common stock in an open-market transaction, according to the SEC Form 4 filing.
Transaction summaryMetricValueShares sold (direct)10,466Transaction value~$154KPost-transaction shares (direct)18,082Post-transaction value (direct ownership)~$264KTransaction value based on SEC Form 4 weighted average purchase price ($14.69); post-transaction value calculated using transaction date share holdings and filing-reported position value.
Key questionsHow does this transaction compare to Santos's typical selling pattern?
The 10,466-share sale is in line with the average size of Santos's prior open-market dispositions, with each of his last three sell trades involving approximately 10,460–10,466 shares, reflecting a deliberate and consistent divestment approach.What impact does the sale have on Santos's remaining direct ownership?
After this transaction, Santos's direct holdings decreased by 36.66%, leaving him with 18,082 shares, or approximately 0.015% of the company's outstanding shares as of the latest available data.Was there any indirect or derivative activity associated with this transaction?
This filing reports exclusively on direct ownership activity; Santos has no indirect, trust, or derivative positions affected by this sale, and no options were exercised, nor were any indirect entities involved.Does the sale reflect a change in disposition strategy or capacity-driven moderation?
The size and cadence of recent sales are explained by the reduced remaining share capacity; as Santos's direct holdings have declined over time, the sale size has remained stable, indicating a methodical unwind rather than a shift in strategy.Company overviewMetricValuePrice (as of market close 2026-06-04)$14.69Market capitalization$1.69 billionRevenue (TTM)$677.69 millionNet income (TTM)$30.18 million* 1-year performance data is calculated using June 4th, 2026 as the reference date.
Company snapshotProvides a global payment processing platform and software solutions, supporting cross-border and domestic transactions for sectors including education, healthcare, travel, and B2B.Generates revenue primarily through transaction fees and value-added services, leveraging direct integrations with alternative payment methods such as Alipay, Boleto, and PayPal/Venmo.Targets institutions and organizations seeking efficient, multi-currency payment solutions, with a focus on educational institutions, healthcare providers, and global businesses.Flywire Corporation operates at scale as a specialized provider of payment technology, facilitating seamless, multi-currency transactions for institutional clients worldwide. The company’s strategy centers on deep vertical integration and broad payment method coverage, enabling clients to optimize receivables and enhance customer payment experiences. Flywire’s competitive advantage lies in its sector-specific solutions and robust global payment infrastructure.
What this transaction means for investorsEdwin Santos, Director at Flywire Corporation (FLYW), recently sold about 10,500 shares of NovoCure stock for approximately $155,000. Here are some key takeaways for investors.
First, let’s dig into Flywire’s stock performance. The company’s shares have struggled to gain traction in the market. Since 2021, Flywire stock has dropped by about 60%, resulting in a compound annual growth rate (CAGR) of -16.8%. By contrast, the benchmark S&P 500 has delivered a total return of 89%, with a CAGR of 13.5%.
Zooming in on 2026 alone, Flywire has performed slightly better, although the stock has still underperformed the market. Shares have declined by 2% year to date, while the S&P 500 is up about 9%.
Turning to fundamentals, many measures look solid. Revenue, net income, and free cash flow all appear to be trending in the right direction, with steady increases over the last five years. However, gross margins have slipped from 62% in 2021 to around 56% today as the company enters new, less profitable channels.
In summary, Flywire stock offers a mixed picture. Many fundamentals are moving in the right direction, with revenue in particular showing steady, impressive growth. However, that performance hasn’t translated to the stock price, which continues to underperform the market on both short and long-term time horizons.
Investors with an interest in Internet - Software stocks have likely encountered both Flywire (FLYW - Free Report) and Cloudflare (NET - Free Report) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.
We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.
Flywire and Cloudflare are sporting Zacks Ranks of #2 (Buy) and #3 (Hold), respectively, right now. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that FLYW has an improving earnings outlook. But this is only part of the picture for value investors.
Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels.
The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.
FLYW currently has a forward P/E ratio of 33.25, while NET has a forward P/E of 209.19. We also note that FLYW has a PEG ratio of 0.95. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. NET currently has a PEG ratio of 7.80.
Another notable valuation metric for FLYW is its P/B ratio of 2.01. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, NET has a P/B of 57.37.
These metrics, and several others, help FLYW earn a Value grade of B, while NET has been given a Value grade of F.
FLYW stands above NET thanks to its solid earnings outlook, and based on these valuation figures, we also feel that FLYW is the superior value option right now.
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
Flywire Corporation (FLYW - Free Report) : This payment technology company has seen the Zacks Consensus Estimate for its current year earnings increasing 23.5% over the last 60 days.
EZCORP, Inc. (EZPW - Free Report) : This pawn services company has seen the Zacks Consensus Estimate for its current year earnings increasing 11.1% over the last 60 days.
Expeditors International of Washington, Inc. (EXPD - Free Report) : This logistics services company has seen the Zacks Consensus Estimate for its current year earnings increasing 10.1% over the last 60 days.
Unisys Corporation (UIS - Free Report) : This information technology solutions company has seen the Zacks Consensus Estimate for its current year earnings increasing 21.3% over the last 60 days.
Bread Financial Holdings, Inc. (BFH - Free Report) : This fintech company has seen the Zacks Consensus Estimate for its current year earnings increasing 12.1% over the last 60 days.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
