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 has reported Operating Expenses for 7 years, with the latest figure 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.
- Over five years, Operating Expenses peaked at $177.3 million in Q1 2026 and troughed at $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.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses soared 66.01% in 2022, then climbed 11.53% in 2024.
- Over 5 years, Operating Expenses stood at $82.4 million in 2022, then soared by 34.15% to $110.6 million in 2023, then gained by 11.53% to $123.3 million in 2024, then advanced by 28.53% to $158.5 million in 2025, then rose by 11.87% to $177.3 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $177.3 million, $158.5 million, and $167.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 12.28 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 726.59 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 13.05 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 2.21 Bn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 953.90 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 705.21 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 1.57 Bn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 2.62 Bn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 2.72 Bn |
| 10 | Flywire | 2.23 Bn | 1.93 Bn | - | 170.52 Mn |
Historic Data
Download 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 |