Flywire (FLYW) Operating Expenses (2020 - 2026)
Flywire (FLYW) reported Operating Expenses of $177.3 million for Q1 2026, up 22.77% on a YoY basis from $144.4 million in Q1 2025, and up 11.87% sequentially from $158.5 million in Q4 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.
- For the quarter ending Q1 2026, Operating Expenses rose 22.77% year-over-year to $177.3 million; the trailing twelve-month figure through Mar 2026 stood at $644.6 million (up 23.07% YoY), and the FY2025 full-year result was $611.7 million, up 22.49% from the prior year.
- Operating Expenses grew to $177.3 million in Q1 2026, from $158.5 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.
- A 5-year average of $119.6 million and a median of $119.5 million in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses jumped 66.01% in 2022 and gained 11.53% in 2024, its largest moves.
- Tracing FLYW's Operating Expenses over 5 years: stood at $82.4 million in 2022, then soared by 34.15% to $110.6 million in 2023, then grew by 11.53% to $123.3 million in 2024, then increased by 28.53% to $158.5 million in 2025, then climbed 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 | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 8.75 Bn |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | -363.49 Mn |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | 13.05 Bn |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | 662.79 Mn |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 1.51 Bn |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | 979.89 Mn |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 905.10 Mn |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | 517.59 Mn |
| 10 | Flywire | 2.01 Bn | 1.68 Bn | - | 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 |