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
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