Flywire (FLYW) Research & Development (2020 - 2026)
Flywire's (FLYW) quarterly Research & Development came in at $38.9 million in Q2 2026, up 1.4% year-over-year from $38.4 million in Q2 2025, and down 3.9% quarter-over-quarter from $40.5 million in Q1 2026.
Analysis
Flywire (FLYW) Research & Development (2020 - 2026) Analysis & Trends
Flywire has disclosed Research & Development across 7 years of filings, most recently posting $38.9 million for Q2 2026.
- In Q2 2026, Research & Development rose 1.4% year-over-year to $38.9 million; the TTM figure through Jun 2026 stood at $161.5 million (up 13.28% YoY), while the FY2025 annual figure was $157.0 million, up 21.29% from the prior year.
- Research & Development came in at $38.9 million for Q2 2026 at Flywire, down from $40.5 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $41.9 million in Q3 2025 to a low of $17.6 million in Q1 2022.
- Average Research & Development over 5 years is $30.7 million, with a median of $30.9 million recorded in 2024.
- Year-over-year, Research & Development surged 73.18% in 2022 and increased 1.4% in 2026.
- Over 5 years, Research & Development stood at $20.3 million in 2022, then soared by 42.11% to $28.8 million in 2023, then advanced by 15.69% to $33.4 million in 2024, then advanced by 20.33% to $40.1 million in 2025, then declined by 3.04% to $38.9 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $38.9 million in Q2 2026, $40.5 million in Q1 2026, and $40.1 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 48.08 Bn | 41.65 Bn | 3.17 Bn | 664.96 Mn |
| 2 | PayPal Holdings | 46.69 Bn | 35.43 Bn | - | 849.00 Mn |
| 3 | Fiserv | 26.99 Bn | 26.37 Bn | 3.59 Bn | - |
| 4 | Corpay | 26.78 Bn | 19.78 Bn | 1.19 Bn | - |
| 5 | Global Payments | 24.15 Bn | 18.74 Bn | 2.03 Bn | - |
| 6 | Wex | 6.49 Bn | 383.66 Mn | 463.80 Mn | 112.70 Mn |
| 7 | Aci Worldwide | 5.27 Bn | 5.10 Bn | 181.57 Mn | 47.90 Mn |
| 8 | Paymentus Holdings | 4.47 Bn | 4.09 Bn | 94.31 Mn | 33.05 Mn |
| 9 | dLocal | 4.39 Bn | 3.51 Bn | 127.15 Mn | -9.89 Mn |
| 10 | Flywire | 2.19 Bn | 1.90 Bn | - | 38.91 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 38.91 Mn |
| Mar 31, 2026 | 40.49 Mn |
| Dec 31, 2025 | 40.13 Mn |
| Sep 30, 2025 | 41.91 Mn |
| Jun 30, 2025 | 38.38 Mn |
| Mar 31, 2025 | 36.57 Mn |
| Dec 31, 2024 | 33.35 Mn |
| Sep 30, 2024 | 34.23 Mn |
| Jun 30, 2024 | 31.77 Mn |
| Mar 31, 2024 | 30.08 Mn |
| Dec 31, 2023 | 28.83 Mn |
| Sep 30, 2023 | 27.08 Mn |
| Jun 30, 2023 | 27.27 Mn |
| Mar 31, 2023 | 24.43 Mn |
| Dec 31, 2022 | 20.29 Mn |
| Sep 30, 2022 | 21.67 Mn |
| Jun 30, 2022 | 18.89 Mn |
| Mar 31, 2022 | 17.61 Mn |
| Dec 31, 2021 | 15.90 Mn |
| Sep 30, 2021 | 12.54 Mn |