Growth Metrics

Flywire (FLYW) Operating Expenses (2020 - 2025)

Flywire's Operating Expenses history spans 6 years, with the latest figure at $158.5 million for Q4 2025.

  • For Q4 2025, Operating Expenses rose 28.53% year-over-year to $158.5 million; the TTM value through Dec 2025 reached $611.7 million, up 22.49%, while the annual FY2025 figure was $611.7 million, 22.49% up from the prior year.
  • Operating Expenses for Q4 2025 was $158.5 million at Flywire, down from $167.9 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $167.9 million in Q3 2025 and bottomed at $44.5 million in Q2 2021.
  • The 5-year median for Operating Expenses is $106.1 million (2023), against an average of $103.5 million.
  • The largest annual shift saw Operating Expenses surged 271.73% in 2021 before it increased 11.53% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $61.7 million in 2021, then skyrocketed by 33.54% to $82.4 million in 2022, then surged by 34.15% to $110.6 million in 2023, then rose by 11.53% to $123.3 million in 2024, then grew by 28.53% to $158.5 million in 2025.
  • Per Business Quant, the three most recent readings for FLYW's Operating Expenses are $158.5 million (Q4 2025), $167.9 million (Q3 2025), and $140.9 million (Q2 2025).