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