Flywire (FLYW) Operating Margin (2020 - 2026)
Flywire (FLYW) posted Operating Margin of -1.65% for Q2 2026, up 5.18 percentage points from -6.83% a year earlier but down 7.38 percentage points from the prior quarter.
Powered by 
Analysis
Flywire (FLYW) Operating Margin (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Flywire was 5.51%, up 6.53 percentage points year-over-year; for FY2025, it came in at 1.81%, up 3.29 percentage points from FY2024.
- Annual Operating Margin has increased for three consecutive years, with a five-year change of +13.81 percentage points (FY2020 to FY2025).
- In prior years, Flywire's Operating Margin was -1.47% in FY2024 (+3.86 pp), -5.34% in FY2023 (+5.10 pp), -10.44% in FY2022 (-3.85 pp) and -6.59% in FY2021 (+5.41 pp).
- Quarterly Operating Margin has run from a low of -30.77% in Q2 2022 to a high of 16.37% in Q3 2021 over five years.
- On a year-over-year basis, Operating Margin has increased in each of the last five quarters, with an average year-over-year change of +5.05 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q1 2026, with a gain of 13.97 percentage points; the weakest was Q3 2022, with a drop of 12.53 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 5.73% (Q1 2026), -0.61% (Q4 2025) and 16.12% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 51.56 Bn | 23.34 Bn | 3.24 Bn | 6.38% |
| 2 | PayPal Holdings | 50.29 Bn | 8.99 Bn | - | 16.33% |
| 3 | Coinbase Global | 35.53 Bn | -4.11 Bn | - | 5.07% |
| 4 | Fiserv | 33.43 Bn | 30.64 Bn | 2.76 Bn | -105.74% |
| 5 | Corpay | 29.86 Bn | 18.68 Bn | - | 44.96% |
| 6 | Global Payments | 25.78 Bn | 604.58 Mn | 2.01 Bn | 7.45% |
| 7 | Guidewire Software | 13.57 Bn | 10.14 Bn | 269.68 Mn | 15.16% |
| 8 | Jack Henry & Associates | 12.44 Bn | 12.35 Bn | 273.85 Mn | 21.24% |
| 9 | Chime Financial | 11.95 Bn | 7.64 Bn | 646.07 Mn | 4.78% |
| 10 | Flywire | 2.62 Bn | 1.24 Bn | - | 21.08% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 21.08% |
| Jun 30, 2026 | -1.65% |
| Mar 31, 2026 | 5.73% |
| Dec 31, 2025 | -0.61% |
| Sep 30, 2025 | 16.12% |
| Jun 30, 2025 | -6.83% |
| Mar 31, 2025 | -8.23% |
| Dec 31, 2024 | -4.91% |
| Sep 30, 2024 | 12.93% |
| Jun 30, 2024 | -15.23% |
| Mar 31, 2024 | -5.23% |
| Dec 31, 2023 | -9.97% |
| Sep 30, 2023 | 9.64% |
| Jun 30, 2023 | -19.80% |
| Mar 31, 2023 | -6.96% |
| Dec 31, 2022 | -12.83% |
| Sep 30, 2022 | 3.83% |
| Jun 30, 2022 | -30.77% |
| Mar 31, 2022 | -11.00% |
| Dec 31, 2021 | -20.09% |
API Access
Flywire Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=FLYW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "FLYW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=FLYW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();