Flywire (FLYW) Cost of Revenue (2020 - 2026)

Flywire (FLYW) posted Cost of Revenue of $40.5 million for Q1 2026, up 0.89% sequentially from $40.1 million in Q4 2025, and up 10.73% YoY from $36.6 million in Q1 2025.

Flywire (FLYW) Cost of Revenue (2020 - 2026) Analysis & Trends

Flywire (FLYW) has 7 years of Cost of Revenue data on file, last reported at $40.5 million in Q1 2026.

  • Quarterly Cost of Revenue rose 10.73% year-over-year to $40.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $160.9 million (up 18.39% YoY) and the FY2025 annual result came in at $157.0 million, up 21.29% from the prior year.
  • Cost of Revenue climbed to $40.5 million in Q1 2026 per FLYW's latest filing, from $40.1 million in the prior quarter.
  • The five-year high for Cost of Revenue was $41.9 million in Q3 2025, with the low at $17.6 million in Q1 2022.
  • Average Cost of Revenue over 5 years is $30.2 million, with a median of $30.1 million recorded in 2024.
  • Year-over-year, Cost of Revenue surged 73.18% in 2022 and rose 10.73% in 2026.
  • Flywire's Cost of Revenue stood at $20.3 million in 2022, then soared by 42.11% to $28.8 million in 2023, then increased by 15.69% to $33.4 million in 2024, then increased by 20.33% to $40.1 million in 2025, then rose by 0.89% to $40.5 million in 2026.
  • Business Quant data shows FLYW's Cost of Revenue at $40.5 million in Q1 2026, $40.1 million in Q4 2025, and $41.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Microsoft 2,853.66 Bn 2,775.39 Bn 56.06 Bn 6.81 Bn
2 Oracle 408.21 Bn 376.86 Bn 17.12 Bn 2.07 Bn
3 Palantir Technologies 300.98 Bn 293.06 Bn 1.42 Bn 215.80 Mn
4 Palo Alto Networks 247.84 Bn 243.30 Bn 1.91 Bn 823.00 Mn
5 CrowdStrike Holdings 193.63 Bn 190.57 Bn 993.68 Mn 463.58 Mn
6 Fortinet 117.45 Bn 114.16 Bn 1.49 Bn 636.30 Mn
7 Cloudflare 86.88 Bn 85.93 Bn 455.60 Mn 184.16 Mn
8 Synopsys 86.18 Bn 86.06 Bn 1.77 Bn 396.38 Mn
9 Block 46.10 Bn 39.21 Bn 2.91 Bn 3.15 Bn
10 Flywire 2.27 Bn 1.94 Bn 147.62 Mn 40.49 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 40.49 Mn
Mar 31, 2026 40.49 Mn
Dec 31, 2025 40.13 Mn
Dec 31, 2025 40.13 Mn
Sep 30, 2025 41.91 Mn
Sep 30, 2025 41.91 Mn
Jun 30, 2025 38.38 Mn
Jun 30, 2025 38.38 Mn
Mar 31, 2025 36.57 Mn
Mar 31, 2025 36.57 Mn
Dec 31, 2024 33.35 Mn
Dec 31, 2024 33.35 Mn
Sep 30, 2024 34.23 Mn
Sep 30, 2024 34.23 Mn
Jun 30, 2024 31.77 Mn
Jun 30, 2024 31.77 Mn
Mar 31, 2024 30.08 Mn
Mar 31, 2024 30.08 Mn
Dec 31, 2023 28.83 Mn
Dec 31, 2023 28.83 Mn