Flywire (FLYW) Operating Expenses (2020 - 2026)

Flywire's (FLYW) quarterly Operating Expenses came in at $177.3 million in Q1 2026, up 22.77% year-on-year from $144.4 million in Q1 2025, and up 11.87% quarter-over-quarter from $158.5 million in Q4 2025.

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

Flywire has disclosed Operating Expenses across 7 years of filings, most recently posting $177.3 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $177.3 million, up 22.77% year-over-year; the trailing twelve-month figure through Mar 2026 was $644.6 million (up 23.07% YoY), and the FY2025 annual result was $611.7 million, up 22.49% from the prior year.
  • Operating Expenses came in at $177.3 million for Q1 2026 at Flywire, up 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.
  • The 5-year median for Operating Expenses is $119.5 million (2024), against an average of $119.6 million.
  • Across the five-year window, Operating Expenses jumped 66.01% in 2022 and gained 11.53% in 2024, its largest moves.
  • Flywire's 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 grew by 11.87% to $177.3 million in 2026.
  • The last three Operating Expenses figures came in at $177.3 million (Q1 2026), $158.5 million (Q4 2025), and $167.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Microsoft 2,998.30 Bn 2,920.03 Bn 56.06 Bn 10.85 Bn
2 Alarum Technologies 1,040.72 Bn 1,026.57 Bn 7.23 Mn 6.42 Mn
3 Oracle 590.32 Bn 551.74 Bn 15.14 Bn 11.73 Bn
4 Palantir Technologies 316.31 Bn 308.39 Bn 1.42 Bn 662.79 Mn
5 Palo Alto Networks 181.17 Bn 176.63 Bn 1.91 Bn 1.51 Bn
6 CrowdStrike Holdings 161.69 Bn 158.63 Bn 993.68 Mn 979.89 Mn
7 Fortinet 102.35 Bn 99.06 Bn 1.49 Bn 905.10 Mn
8 Synopsys 88.25 Bn 88.13 Bn 1.77 Bn 1.57 Bn
9 Cloudflare 83.26 Bn 82.32 Bn 455.60 Mn 517.59 Mn
10 Flywire 1.73 Bn 1.40 Bn 147.62 Mn 177.33 Mn

Historic Data

Download Data
DateValue
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