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| Date | Value |
|---|---|
| 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 |