Flywire (FLYW) Net Margin (2020 - 2026)
Flywire (FLYW) reported Net Margin of -4.86% for Q2 2026, up 4.25 percentage points from -9.10% a year earlier but down 11.51 percentage points from the prior quarter.
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Analysis
Flywire (FLYW) Net Margin (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Flywire's Net Margin came in at 4.77%, up 3.50 percentage points year-over-year; for FY2025, it came in at 2.17%, up 1.58 percentage points from FY2024.
- Net Margin has increased for four consecutive years, with a five-year change of +10.61 percentage points (FY2020 to FY2025).
- By year, Net Margin came in at 0.59% in FY2024 (+2.71 pp), -2.13% in FY2023 (+11.47 pp), -13.60% in FY2022 (+0.37 pp) and -13.97% in FY2021 (-5.53 pp).
- Five-year quarterly Net Margin spans a low of -42.09% in Q2 2022 and a high of 24.80% in Q3 2024.
- Year over year, Net Margin has now increased in each of the last three quarters, with an average year-over-year change of +3.19 percentage points over the last eight quarters.
- The high point for year-over-year Net Margin in five years was Q2 2023 (a gain of 22.28 percentage points); the low point was Q3 2022 (a drop of 19.23 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 6.65% (Q1 2026), 0.02% (Q4 2025) and 14.81% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | -29.46% |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | 12.72% |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 1.34% |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | -498.45% |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | 18.55% |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | 11.85% |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | 0.39% |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | -179.60% |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 7.64% |
| 10 | Flywire | 2.10 Bn | 752.23 Mn | - | -4.86% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -4.86% |
| Mar 31, 2026 | 6.65% |
| Dec 31, 2025 | 0.02% |
| Sep 30, 2025 | 14.81% |
| Jun 30, 2025 | -9.10% |
| Mar 31, 2025 | -3.12% |
| Dec 31, 2024 | -13.53% |
| Sep 30, 2024 | 24.80% |
| Jun 30, 2024 | -13.39% |
| Mar 31, 2024 | -5.45% |
| Dec 31, 2023 | 1.28% |
| Sep 30, 2023 | 8.63% |
| Jun 30, 2023 | -19.81% |
| Mar 31, 2023 | -3.90% |
| Dec 31, 2022 | -1.55% |
| Sep 30, 2022 | -4.49% |
| Jun 30, 2022 | -42.09% |
| Mar 31, 2022 | -15.72% |
| Dec 31, 2021 | -21.95% |
| Sep 30, 2021 | 14.74% |
API Access
Flywire Net Margin 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=net-margin&ticker=FLYW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=FLYW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();