Flywire FLYW
NASDAQ FLYW
$17.91 -0.64 (-3.45%)
As of: Sep 8, 2026 · 3:23 PM EDT

Flywire (FLYW) Operating Expenses (2020 - 2026)

Flywire's (FLYW) quarterly Operating Expenses came in at $170.5 million in Q2 2026, up 21.02% year-over-year from $140.9 million in Q2 2025, and down 3.84% quarter-over-quarter from $177.3 million in Q1 2026.

Analysis

Flywire (FLYW) Operating Expenses (2020 - 2026) Analysis & Trends

Flywire has disclosed Operating Expenses across 7 years of filings, most recently posting $170.5 million for Q2 2026.

  • In Q2 2026, Operating Expenses rose 21.02% year-over-year to $170.5 million; the TTM figure through Jun 2026 stood at $674.2 million (up 23.67% YoY), while the FY2025 annual figure was $611.7 million, up 22.49% from the prior year.
  • Operating Expenses came in at $170.5 million for Q2 2026 at Flywire, down from $177.3 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $177.3 million in Q1 2026 to a low of $71.7 million in Q1 2022.
  • Average Operating Expenses over 5 years is $122.4 million, with a median of $119.8 million recorded in 2024.
  • Year-over-year, Operating Expenses surged 66.01% in 2022 and advanced 11.53% in 2024.
  • Over 5 years, Operating Expenses stood at $82.4 million in 2022, then jumped by 34.15% to $110.6 million in 2023, then increased by 11.53% to $123.3 million in 2024, then rose by 28.53% to $158.5 million in 2025, then advanced by 7.57% to $170.5 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $170.5 million in Q2 2026, $177.3 million in Q1 2026, and $158.5 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Block 48.08 Bn 41.65 Bn 3.17 Bn 2.72 Bn
2 PayPal Holdings 46.69 Bn 35.43 Bn - 7.26 Bn
3 Fiserv 26.99 Bn 26.37 Bn 3.59 Bn 4.28 Bn
4 Corpay 26.78 Bn 19.78 Bn 1.19 Bn 260.40 Mn
5 Global Payments 24.15 Bn 18.74 Bn 2.03 Bn 2.98 Bn
6 Wex 6.49 Bn 383.66 Mn 463.80 Mn 233.50 Mn
7 Aci Worldwide 5.27 Bn 5.10 Bn 181.57 Mn 385.77 Mn
8 Paymentus Holdings 4.47 Bn 4.09 Bn 94.31 Mn 61.69 Mn
9 dLocal 4.39 Bn 3.51 Bn 127.15 Mn -46.35 Mn
10 Flywire 2.19 Bn 1.90 Bn - 170.52 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 170.52 Mn
Mar 31, 2026 177.33 Mn
Dec 31, 2025 158.51 Mn
Sep 30, 2025 167.89 Mn
Jun 30, 2025 140.90 Mn
Mar 31, 2025 144.44 Mn
Dec 31, 2024 123.33 Mn
Sep 30, 2024 136.55 Mn
Jun 30, 2024 119.46 Mn
Mar 31, 2024 120.07 Mn
Dec 31, 2023 110.57 Mn
Sep 30, 2023 111.44 Mn
Jun 30, 2023 101.68 Mn
Mar 31, 2023 100.93 Mn
Dec 31, 2022 82.42 Mn
Sep 30, 2022 91.58 Mn
Jun 30, 2022 73.93 Mn
Mar 31, 2022 71.66 Mn
Dec 31, 2021 61.72 Mn
Sep 30, 2021 56.69 Mn