Growth Metrics

Flywire (FLYW) Gross Margin (2020 - 2025)

Flywire's Gross Margin history spans 6 years, with the latest figure at 74.53% for Q4 2025.

  • For Q4 2025, Gross Margin rose 290.0% year-over-year to 74.53%; the TTM value through Dec 2025 reached 74.8%, up 110.0%, while the annual FY2025 figure was 74.8%, 110.0% up from the prior year.
  • Gross Margin for Q4 2025 was 74.53% at Flywire, down from 79.06% in the prior quarter.
  • Across five years, Gross Margin topped out at 81.47% in Q3 2021 and bottomed at 66.59% in Q2 2022.
  • The 5-year median for Gross Margin is 72.66% (2022), against an average of 73.23%.
  • The largest annual shift saw Gross Margin soared 471bps in 2021 before it tumbled -423bps in 2022.
  • A 5-year view of Gross Margin shows it stood at 69.07% in 2021, then rose by 5bps to 72.23% in 2022, then decreased by -1bps to 71.33% in 2023, then rose by 0bps to 71.63% in 2024, then increased by 4bps to 74.53% in 2025.
  • Per Business Quant, the three most recent readings for FLYW's Gross Margin are 74.53% (Q4 2025), 79.06% (Q3 2025), and 70.9% (Q2 2025).