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Global payments platform specializing in high-value cross-border payments for education, healthcare, travel and B2B sectors.
Global payments platform specializing in high-value cross-border payments for education, healthcare, travel and B2B sectors.
Takes a small fee on each payment moved, often including a currency-conversion margin when a student or patient pays from abroad, and adds software fees for billing tools. Education is the largest vertical. It has bought payments-software firms, including Invoiced in 2022, to extend beyond collecting tuition.
Moat: narrow (switching costs, distribution, network effects). Deep integrations into university/hospital billing systems and global payment rails create high switching costs.
Headquarters: Boston, Massachusetts · Founded: 2009 · Employees: 1,400
Size Flywire (FLYW) is a United States Financials company (Miscellaneous Commercial Services) with a market value of $2.62B, the 1624th largest of 3,117 United States companies the cockpit tracks. Shares closed at $21.57 on 6 Nov 2026.
Performance Over six months the shares gained 25.2%, against +7.3% for the median peer and -1.1% for the United States market (cap-weighted) — 6th highest of 17 in its peer set.
Growth Revenue grew 31.0% over the last twelve months (peer median +16.8%); the operating margin is 8.6% (peer median 11.7%).
Valuation It trades at 33.9× forward earnings against a peer median of 15.7× (5th most expensive of 16).
Backlog Backlog (remaining performance obligations) was $20.3M at 30 Sep 2026 — 0.0 years of trailing revenue. Backlog detail →
Short interest Short interest is 9.6% of the free float (15 Oct 2026).
Next results Next results expected around 2 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $764M | $623M | $492M | $403M | $289M |
| Revenue growth | — | +27% | +22% | +39% | — |
| Gross profit | $422M | $355M | $296M | $238M | $167M |
| EBITDA | $97.9M | $49.7M | $12.9M | -$285,000 | -$15.1M |
| Net income | $78.9M | $13.5M | $2.90M | -$8.57M | -$39.3M |
| Free cash flow | $134M | $98.1M | $97.0M | $79.6M | -$1.64M |
| Capital expenditure | $22.8M | $9.86M | $6.24M | $6.01M | $7.07M |
| Total debt | $1.41M | $1.35M | $1.72M | $1.47M | $3.15M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Flywire FLYW | $2.62B | +25% | +31% | 9% | 33.9× | n/a |
| Wise WSE | $13.2B | -23% | +20% | 22% | 17.4× | n/a |
| Western Union WU | $2.15B | -24% | -2% | 17% | 4.8× | n/a |
| Payoneer Global PAYO | $2.42B | +39% | +6% | 12% | 33.9× | n/a |
| Corpay CPAY | $29.9B | +32% | +20% | 46% | 14.7× | n/a |
| Paymentus PAY | $3.70B | +20% | +26% | 8% | 32.3× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | FLYW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +17.0% | +0.7% | 2nd highest of 17 |
| 6-month return | +25.2% | +7.3% | 6th highest of 17 |
| Distance from 52-week high | -2.7% | -18.4% | 2nd highest of 17 |
| Revenue growth (TTM) | +31.0% | +16.8% | 5th highest of 17 |
| Operating margin | 8.6% | 11.7% | 6th lowest of 17 |
| Forward P/E | 33.9× | 15.7× | 5th most expensive of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Flywire FLYW | United States | $2.62B | +25% | +31% | 9% | 33.9× | n/a | n/a |
| Euronet Worldwide EEFT | United States | $2.65B | +3% | +5% | 11% | 6.2× | n/a | n/a |
| Payoneer Global PAYO | United States | $2.42B | +39% | +6% | 12% | 33.9× | n/a | n/a |
| PagSeguro Digital PAGS | United States | $2.11B | -25% | +11% | 38% | 4.5× | n/a | n/a |
| EVERTEC EVTC | United States | $2.00B | +40% | +16% | 20% | 7.8× | n/a | n/a |
| Shift4 Payments FOUR | United States | $3.47B | +3% | +32% | 10% | 8.4× | n/a | n/a |
| Marqeta MQ | United States | $1.93B | +11% | +17% | 2% | 38.5× | n/a | n/a |
| Paymentus PAY | United States | $3.70B | +20% | +26% | 8% | 32.3× | n/a | n/a |
| StoneCo STNE | United States | $1.83B | -30% | -30% | -130% | 3.7× | n/a | n/a |
| Remitly Global RELY | United States | $4.72B | -7% | +24% | 10% | 22.7× | n/a | n/a |
| Klarna KLAR | United States | $5.13B | -6% | +34% | -1% | 106.5× | n/a | n/a |
| WEX WEX | United States | $5.99B | +29% | +10% | 27% | 8.0× | n/a | n/a |
| Katapult KPLT | United States | $939M | +64% | +13% | 17% | n/a | n/a | n/a |
| PicS PICS | United States | $889M | -44% | +89% | 6% | 2.8× | n/a | n/a |
| Paysign PAYS | United States | $829M | +155% | +47% | 17% | 40.3× | n/a | n/a |
| Cass Information Systems CASS | United States | $694M | +14% | +2% | 22% | 15.7× | n/a | n/a |
| PayPay Corporation Sponsored ADR PAYP | United States | $9.97B | -24% | +29% | 24% | 16.9× | n/a | n/a |
Flywire reported $20.3M of remaining performance obligations at 30 Sep 2026. That is 0.0 years of trailing revenue already under contract.