Flywire (FLYW) Gross Margin (2020 - 2026)
Flywire (FLYW) posted Gross Margin of 78.47% for Q1 2026, up 5.3% sequentially from 74.53% in Q4 2025, and up 588.0% YoY from 11.41% in Q1 2025.
Flywire (FLYW) Gross Margin (2020 - 2026) Analysis & Trends
Flywire (FLYW) has 7 years of Gross Margin data on file, last reported at 78.47% in Q1 2026.
- Quarterly Gross Margin rose 588.0% year-over-year to 78.47% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 76.26% (up 283.0% YoY) and the FY2025 annual result came in at 74.8%, up 110.0% from the prior year.
- Gross Margin advanced to 78.47% in Q1 2026 per FLYW's latest filing, from 74.53% in the prior quarter.
- The five-year high for Gross Margin was 79.06% in Q3 2025, with the low at 66.59% in Q2 2022.
- Average Gross Margin over 5 years is 73.44%, with a median of 72.72% recorded in 2022.
- Year-over-year, Gross Margin tumbled 426 bps in 2022 and surged 588 bps in 2026.
- Flywire's Gross Margin stood at 72.23% in 2022, then dropped by 1 bps to 71.33% in 2023, then advanced by 0 bps to 71.63% in 2024, then gained by 4 bps to 74.53% in 2025, then climbed by 5 bps to 78.47% in 2026.
- Business Quant data shows FLYW's Gross Margin at 78.47% in Q1 2026, 74.53% in Q4 2025, and 79.06% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 67.63% |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 89.22% |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 86.78% |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 73.59% |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 76.12% |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 80.29% |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 71.21% |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 73.54% |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 48.03% |
| 10 | Flywire | 2.27 Bn | 1.94 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% |