Flywire (FLYW) Gross Margin (2020 - 2026)

Flywire's (FLYW) quarterly Gross Margin came in at 78.47% in Q1 2026, up 588.0% year-on-year from 11.41% in Q1 2025, and up 5.3% quarter-over-quarter from 74.53% in Q4 2025.

Flywire (FLYW) Gross Margin (2020 - 2026) Analysis & Trends

Flywire has disclosed Gross Margin across 7 years of filings, most recently posting 78.47% for Q1 2026.

  • Gross Margin for Q1 2026 came in at 78.47%, up 588.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 76.26% (up 283.0% YoY), and the FY2025 annual result was 74.8%, up 110.0% from the prior year.
  • Gross Margin came in at 78.47% for Q1 2026 at Flywire, up from 74.53% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 79.06% in Q3 2025 to a low of 66.59% in Q2 2022.
  • The 5-year median for Gross Margin is 72.72% (2022), against an average of 73.44%.
  • Across the five-year window, Gross Margin sank 426 bps in 2022 and jumped 588 bps in 2026, its largest moves.
  • Flywire's Gross Margin stood at 72.23% in 2022, then retreated by 1 bps to 71.33% in 2023, then increased by 0 bps to 71.63% in 2024, then grew by 4 bps to 74.53% in 2025, then rose by 5 bps to 78.47% in 2026.
  • The last three Gross Margin figures came in at 78.47% (Q1 2026), 74.53% (Q4 2025), and 79.06% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Microsoft 2,998.30 Bn 2,920.03 Bn 56.06 Bn 67.63%
2 Alarum Technologies 1,040.72 Bn 1,026.57 Bn 7.23 Mn 61.73%
3 Oracle 590.32 Bn 551.74 Bn 15.14 Bn 88.06%
4 Palantir Technologies 316.31 Bn 308.39 Bn 1.42 Bn 86.78%
5 Palo Alto Networks 181.17 Bn 176.63 Bn 1.91 Bn 73.59%
6 CrowdStrike Holdings 161.69 Bn 158.63 Bn 993.68 Mn 76.12%
7 Fortinet 102.35 Bn 99.06 Bn 1.49 Bn 80.29%
8 Synopsys 88.25 Bn 88.13 Bn 1.77 Bn 73.54%
9 Cloudflare 83.26 Bn 82.32 Bn 455.60 Mn 71.21%
10 Flywire 1.73 Bn 1.40 Bn 147.62 Mn 78.47%

Historic Data

Download Data
DateValue
Mar 31, 2026 78.47%
Dec 31, 2025 74.53%
Sep 30, 2025 79.06%
Jun 30, 2025 70.90%
Mar 31, 2025 72.60%
Dec 31, 2024 71.63%
Sep 30, 2024 78.17%
Jun 30, 2024 69.36%
Mar 31, 2024 73.64%
Dec 31, 2023 71.33%
Sep 30, 2023 78.04%
Jun 30, 2023 67.86%
Mar 31, 2023 74.10%
Dec 31, 2022 72.23%
Sep 30, 2022 77.24%
Jun 30, 2022 66.59%
Mar 31, 2022 72.72%
Dec 31, 2021 69.07%
Sep 30, 2021 81.50%
Jun 30, 2021 70.51%