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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |