Flywire (FLYW) Tax Rate (2021 - 2026)
Flywire (FLYW) posted Tax Rate of -53.23% for Q2 2026, up 85.67 percentage points from -138.90% a year earlier but down 68.00 percentage points from the prior quarter.
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Analysis
Flywire (FLYW) Tax Rate (2021 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Tax Rate at Flywire was 16.75%, up 38.82 percentage points year-over-year; for FY2025, it came in at 37.05%, up 92.96 percentage points from FY2024.
- Annual Tax Rate shows a five-year change of -2.18 percentage points (FY2020 to FY2025).
- In prior years, Flywire's Tax Rate was -55.91% in FY2024 (+40.92 pp), -96.83% in FY2023 (-91.51 pp), -5.32% in FY2022 (+3.00 pp) and -8.32% in FY2021 (-47.55 pp).
- Quarterly Tax Rate has run from a low of -138.90% in Q2 2025 to a high of 89.39% in Q4 2025 over five years.
- On a year-over-year basis, Tax Rate increased in four of the last eight quarters, with an average year-over-year change of +9.40 percentage points.
- The strongest year-over-year quarter for Tax Rate in the past five years was Q4 2025, with a gain of 96.07 percentage points; the weakest was Q2 2025, with a drop of 88.08 percentage points.
- According to Business Quant data, Tax Rate for the three prior quarters was 14.77% (Q1 2026), 89.39% (Q4 2025) and 5.03% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | - |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | 15.73% |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 71.11% |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | - |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | 26.96% |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | 20.13% |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | - |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | - |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 30.70% |
| 10 | Flywire | 2.10 Bn | 752.23 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 14.77% |
| Dec 31, 2025 | 89.39% |
| Sep 30, 2025 | 5.03% |
| Dec 31, 2023 | 60.09% |
| Sep 30, 2023 | 6.60% |
| Sep 30, 2021 | 3.35% |
API Access
Flywire Tax Rate 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=tax-rate&ticker=FLYW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=FLYW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();