Flywire (FLYW) EV to FCF (2021 - 2026)
Flywire's (FLYW) EV to FCF stood at 11.15 in Q2 2026, down 7.4% from 12.04 a year earlier but up 67.8% from the prior quarter.
Powered by 
Analysis
Flywire (FLYW) EV to FCF (2021 - 2026) Analysis & Trends
On a TTM basis, Flywire's EV to FCF came in at 4.75 as of Jun 30, 2026; for FY2025, it was 13.61, down 30.3% from FY2024.
- Annual EV to FCF has declined for three straight years.
- Across earlier years, EV to FCF came in at 19.52 in FY2024 (-31.3%), 28.40 in FY2023 (-94.9%), 559.82 in FY2022 (+287.5%) and 144.47 in FY2021.
- Quarterly EV to FCF has ranged from 6.65 in Q1 2026 to 559.82 in Q4 2022 over the past five years.
- On a year-over-year basis, EV to FCF has declined for three consecutive quarters, with an average decline of 22.4% over the last eight quarters.
- Peak year-over-year performance for EV to FCF in the last five years was growth of 287.5% in Q4 2022, against a decline of 94.9% in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 6.65 (Q1 2026), 13.61 (Q4 2025) and 19.04 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Block | 51.56 Bn | 23.34 Bn | 3.24 Bn |
| 2 | PayPal Holdings | 50.29 Bn | 8.99 Bn | - |
| 3 | Coinbase Global | 35.53 Bn | -4.11 Bn | - |
| 4 | Fiserv | 33.43 Bn | 30.64 Bn | 2.76 Bn |
| 5 | Corpay | 29.86 Bn | 18.68 Bn | - |
| 6 | Global Payments | 25.78 Bn | 604.58 Mn | 2.01 Bn |
| 7 | Guidewire Software | 13.57 Bn | 10.14 Bn | 269.68 Mn |
| 8 | Jack Henry & Associates | 12.44 Bn | 12.35 Bn | 273.85 Mn |
| 9 | Chime Financial | 11.95 Bn | 7.64 Bn | 646.07 Mn |
| 10 | Flywire | 2.62 Bn | 1.24 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 12.91 |
| Jun 30, 2026 | 11.15 |
| Mar 31, 2026 | 6.65 |
| Dec 31, 2025 | 13.61 |
| Sep 30, 2025 | 19.04 |
| Jun 30, 2025 | 12.04 |
| Mar 31, 2025 | 16.09 |
| Dec 31, 2024 | 19.52 |
| Sep 30, 2024 | 7.30 |
| Jun 30, 2024 | 33.20 |
| Mar 31, 2024 | 41.40 |
| Dec 31, 2023 | 28.40 |
| Sep 30, 2023 | 60.02 |
| Jun 30, 2023 | 506.59 |
| Dec 31, 2022 | 559.82 |
| Mar 31, 2022 | 178.85 |
| Dec 31, 2021 | 144.47 |
| Sep 30, 2021 | 118.96 |
| Jun 30, 2021 | 42.61 |
API Access
Flywire EV to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=FLYW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "ticker": "FLYW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=FLYW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();