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| Date | Value |
|---|---|
| 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 |