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 (FLYW) has 7 years of Operating Expenses data on file, last reported 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.
  • The five-year high for Operating Expenses was $177.3 million in Q1 2026, with the low at $71.7 million in Q1 2022.
  • Average Operating Expenses over 5 years is $119.6 million, with a median of $119.5 million recorded in 2024.
  • Year-over-year, Operating Expenses surged 66.01% in 2022 and increased 11.53% in 2024.
  • Flywire's Operating Expenses stood at $82.4 million in 2022, then jumped by 34.15% to $110.6 million in 2023, then advanced by 11.53% to $123.3 million in 2024, then climbed by 28.53% to $158.5 million in 2025, then gained 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 2,853.66 Bn 2,775.39 Bn 56.06 Bn 10.85 Bn
2 Oracle 408.21 Bn 376.86 Bn 17.12 Bn 13.05 Bn
3 Palantir Technologies 300.98 Bn 293.06 Bn 1.42 Bn 662.79 Mn
4 Palo Alto Networks 247.84 Bn 243.30 Bn 1.91 Bn 1.51 Bn
5 CrowdStrike Holdings 193.63 Bn 190.57 Bn 993.68 Mn 979.89 Mn
6 Fortinet 117.45 Bn 114.16 Bn 1.49 Bn 905.10 Mn
7 Cloudflare 86.88 Bn 85.93 Bn 455.60 Mn 517.59 Mn
8 Synopsys 86.18 Bn 86.06 Bn 1.77 Bn 1.57 Bn
9 Block 46.10 Bn 39.21 Bn 2.91 Bn 3.08 Bn
10 Flywire 2.27 Bn 1.94 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