Flywire Corporation (FLYW) Earnings
Flywire Corporation is expected to report next earnings on August 4, 2026 (in NaN days), with a consensus EPS estimate of $-0.03. FLYW has beaten EPS estimates in 5 of its last 6 reported quarters (average surprise +137.6% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 5, 2026 | $0.03 | $0.10 | +233.3% | $184M | +8.1% |
| Feb 24, 2026 | $-0.01 | $0.00 | +102.6% | $158M | -6.2% |
| Nov 7, 2024 | $0.15 | $0.30 | +100.0% | $157M | +31.9% |
| Feb 27, 2024 | $-0.07 | $0.01 | +114.3% | $101M | -8.5% |
| Feb 28, 2023 | $-0.11 | $-0.01 | +90.9% | $73M | -13.4% |
| Mar 2, 2022 | $-0.08 | $-0.11 | -37.5% | $51M | +24.9% |
| Jun 1, 2021 | — | $-0.09 | — | $45M | — |
| Sep 30, 2020 | — | $0.06 | — | $42M | — |
| Jun 30, 2020 | — | $-0.18 | — | $24M | — |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 5, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
First, optimizing and strengthening the core platform where the payment platform moves well over $30 billion per year, adds value to clients in more than 50 countries, and accepts payments from 240 countries and territories. Second, accelerating the revenue flywheel with bigger deals, more enterprise wins, and decreasing time to signature. Third, innovating to deepen ownership of critical workflows by expanding software platform to reduce operational burden. Fourth, AI is an enabler with internal AI benefits like 40% of customer inquiries auto resolved, 30% reduction in support handling time and cost per contact. Rob talked about three themes: strategic vendor consolidation, geographic diversification, and accelerated software-led monetization across travel, B2B, etc.
Guidance
Raising both revenue and EBITDA guidance for full year 2026. Now expect 18 to 24% FX neutral revenue growth with approximately three to four points from payment processing ramps in B2B and healthcare, and roughly one and a half points of inorganic contribution. Adjusted gross profit expected to grow just above the mid-teens year-over-year at spot. Expect approximately 175 to 375 basis points of full-year EBITDA margin expansion, reaching approximately 22.8% at the midpoint. Q2 2026 expected FX neutral revenue growth of 18 to 24%, gross profit dollar growth in mid-teens range, adjusted EBITDA margin expected to expand by approximately 75 basis points year over year at the midpoint of guidance
Segment performance
Total revenue reached $184 million, up 43% on a spot basis, and 37% FX-neutral growth. Transaction revenue was $155 million up 43% year over year, driven by 45% growth in transaction payment volume. Platform and other revenues were $29 million, up 40% year-over-year. Adjusted gross profit reached $110.5 million, increasing 34% year-over-year at spot. Adjusted EBITDA was $39 million, resulting in a 21.4% margin expanding at 452 BPS year-over-year
Analyst Q&A
Q: Ken Sakachi with Autonomous Research asked about success in non-big four education markets.
A: Rob said it's product of strategy and capabilities with distinctive software, global payment network, local team and service.
Q: Ken asked about Certify scaling globally.
A: Mike said synergies clear, tech teams integrating travel capabilities, expecting growth in Europe and Southeast Asia.
Q: Chenjin Huang with JP Morgan asked about second quarter margin variance.
A: Cosman said Q2 is small base, lapping one-offs, investing in domestic expansion, data, AI infrastructure.
Q: Dan Perlin with RBC Capital Markets asked about vendor consolidation.
A: Mike said combination of solving complexity, innovation leveraging AI, teams delivering better results.
Q: Dan asked about travel and oil prices.
A: Mike said haven't seen impacts yet, clients adjusting.
Q: Chris Kennedy with William Blair asked about data platform initiative.
A: Cosman said past early innings, deep in architecture, seeing early results, expecting more.
Q: Chris asked about SFS traction in US.
A: Rob said momentum from vendor consolidation, modernization push, growing reference base.
Q: Michael Infante with Morgan Stanley asked about payer retention and macro.
A: Mike and Cosman said SFS owns student account portal, macro assumptions unchanged, seeing good trends.
Q: Jeff Cantwell with Seaport Research asked about LAS growth.
A: Cosman said spreads stable, feel good about rest of year.
Q: Jeff asked about AI and OpEx.
A: Mike said huge opportunity, leveraging AI for efficiency.
Q: Nate Svensson with Deutsche Bank asked about SFS deal ramp.
A: Rob said ramp initiates right away, takes into second year to reach target ARR.
Q: Nate asked about January education outperformance.
A: Rob said US, UK, Australia had strong destination market performance.
Q: Patrick Ennis with VBS asked about Cleveland Clinic margin.
A: Rob said payment processing first, software launching in Q2 to improve margin.
Q: Madison Sir with Raymond James asked about payment processing ramps.
A: Cosman said driven by existing signings like Cleveland Clinic.
Q: Madison asked about incremental margins.
A: Cosman said lapping last year, investments paying off, expecting acceleration in second half