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.
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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 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | -9.30% |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | 16.44% |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 6.75% |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | -452.09% |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | 35.28% |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | 19.18% |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | 10.15% |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | -25.50% |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 15.16% |
| 10 | Flywire | 2.10 Bn | 752.23 Mn | - | -1.65% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 16.37% |
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();