Flywire (FLYW) Operating Expenses (2020 - 2026)
Flywire (FLYW) posted Operating Expenses of $177.3 million for Q1 2026, up 11.87% sequentially from $158.5 million in Q4 2025, and up 22.77% YoY from $144.4 million in Q1 2025.
Flywire (FLYW) Operating Expenses (2020 - 2026) Analysis & Trends
Flywire (FLYW) has 7 years of Operating Expenses data on file, last reported at $177.3 million in Q1 2026.
- Quarterly Operating Expenses rose 22.77% year-over-year to $177.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $644.6 million (up 23.07% YoY) and the FY2025 annual result came in at $611.7 million, up 22.49% from the prior year.
- Operating Expenses grew to $177.3 million in Q1 2026 per FLYW's latest filing, from $158.5 million in the prior quarter.
- The five-year high for Operating Expenses was $177.3 million in Q1 2026, with the low at $71.7 million in Q1 2022.
- Average Operating Expenses over 5 years is $119.6 million, with a median of $119.5 million recorded in 2024.
- Year-over-year, Operating Expenses surged 66.01% in 2022 and increased 11.53% in 2024.
- Flywire's Operating Expenses stood at $82.4 million in 2022, then jumped by 34.15% to $110.6 million in 2023, then advanced by 11.53% to $123.3 million in 2024, then climbed by 28.53% to $158.5 million in 2025, then gained by 11.87% to $177.3 million in 2026.
- Business Quant data shows FLYW's Operating Expenses at $177.3 million in Q1 2026, $158.5 million in Q4 2025, and $167.9 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 10.85 Bn |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 13.05 Bn |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 662.79 Mn |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 1.51 Bn |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 979.89 Mn |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 905.10 Mn |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 517.59 Mn |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 1.57 Bn |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 3.08 Bn |
| 10 | Flywire | 2.27 Bn | 1.94 Bn | 147.62 Mn | 177.33 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 44.54 Mn |