Flywire Corp

Flywire Reports Third Quarter 2026 Financial Results

Flywire reported Q3 2026 revenue of $250.3 million, up 25.1% year-over-year, with Total Payment Volume up 27.7% to $17.8 billion. Adjusted EBITDA grew 39.2% to $79.5 million (32.5% margin, +310 bps YoY), and GAAP net income of $74.5 million included a one-time non-cash tax benefit of roughly $39.2 million from a U.S. valuation allowance release that management does not expect to recur. Flywire raised FY26 guidance: FX-neutral revenue less ancillary services growth to 25-27% YoY and adjusted EBITDA margin growth to +300-360 bps, while noting prudent visa assumptions for its education business in Q4. Separately, Alex Finkelstein resigned from the board after 15 years, and Sabrina Farmer (Microsoft, formerly Google and GitLab CTO) joined the board.

•5d ago

Liquidity Services Inc. Implements Flywire to Process Domestic and Cross-Border B2B Payments for Global E-Commerce Platform

Flywire announced that Liquidity Services has implemented its platform to run domestic and cross-border B2B payments for its global e-commerce marketplace. Liquidity Services operates what it describes as the world's largest B2B marketplace for surplus assets, with more than 6 million buyers and 15,000 sellers and over $15 billion in completed transactions over 25 years. Flywire says it localizes payments across 240+ countries and 140 currencies, automates reconciliation, and embeds KYC compliance via API integration into the customer portal — a validation case for its B2B vertical expansion.

•10d ago

Flywire Transforms Guest Payments and Operations for Leading Hospitality Management Company Davidson Hospitality Group

Flywire (Nasdaq: FLYW) is deepening its partnership with Davidson Hospitality Group, rolling out advanced payment and transaction management capabilities across Davidson's portfolio of 88 hotels and resorts after early deployments delivered meaningful processing-fee savings. Since adopting Flywire's payments and digital signature platform, Davidson has compressed guest deposit collection and contract execution into a single mobile-first workflow, cutting signature turnaround times by roughly 75% and reducing back-office reconciliation work. ACH acceptance shifts payment volume to lower-cost rails, while Flywire's chargeback response achieves over 70% win or no-contest rates on disputes with chargeback ratios below 0.03%. No financial terms or contract values were disclosed, making this a customer-success marketing announcement that supports Flywire's travel-vertical narrative rather than a quantified revenue event.

•1mo ago

Premium Inbound Tour Operator Travelling the Fairways Selects Flywire as Exclusive Payments Partner

Travelling the Fairways, a premium inbound golf tour operator, selected Flywire as its exclusive payments partner to power guest bookings across its UK and Ireland entities, replacing a large legacy processor. The partnership aims to resolve operational inefficiencies such as high transaction fees and manual reconciliation by providing a localized, transparent payment experience for international golfers. This win underscores Flywire's continued momentum in the experiential travel sector and its expansion within the luxury golf market.

•2mo ago

Flywire Expands Trustly Partnership to Deliver Open Banking Payments Across the U.S. and Canada

Flywire expanded its partnership with Trustly to offer open banking payments to payers in the U.S. and Canada. The integration allows payers to authorize secure domestic and cross-border transfers directly from bank accounts using existing login credentials, aiming to reduce friction and payment failures. This expansion builds on a collaboration dating back to 2017 and leverages Flywire's compliance infrastructure to manage distinct regulatory landscapes across North America.

•2mo ago

Flywire Reports Second Quarter 2026 Financial Results

Flywire delivered strong Q2 results with revenue increasing 27.2% year-over-year to $167.7 million and Total Payment Volume growing 38.2% to $8.2 billion. Adjusted EBITDA rose 44.5% to $24.0 million with margins expanding 160 basis points to 14.6%, driving operating leverage and free cash flow generation. The company raised full-year FY26 guidance, citing momentum across verticals, and repurchased $49 million of stock during the quarter.

•3mo ago

Flywire Partners with Scholarship America to Digitize Scholarship Disbursements Across U.S. Higher Education

Flywire announced a partnership with Scholarship America, the nation's largest nonprofit scholarship administrator, to digitize scholarship disbursements across U.S. higher education. The deal replicates Flywire’s proven 529 plan model, which has already processed over $9 billion in payments, applying it to the $6 billion scholarship industry to eliminate paper checks and improve reconciliation. This embeds Flywire deeper into the student financial lifecycle, leveraging its existing infrastructure across nearly 1,000 U.S. institutions to capture a new high-volume funding source.

•4mo ago

Driftwood Hospitality Management Expands with Flywire to Streamline Guest Payments Throughout 90 U.S. Locations

Flywire is expanding its partnership with Driftwood Hospitality Management to deploy digital payment and authorization solutions across nearly 90 U.S. hotel locations. Driftwood manages over 15,000 rooms for major brands including Marriott, Hyatt, Hilton, and IHG, representing a significant operational footprint for Flywire’s hospitality vertical. Early adoption at 10 properties has already reduced payment processing costs by nearly 30% and accelerated contract turnaround times by 90%, driven by ACH adoption and electronic workflows.

•5mo ago

Flywire Continues Execution on Buyback Plan Through Direct Repurchase Agreement

Flywire completed a $29 million direct repurchase of approximately 1.87 million shares of non-voting common stock from a pre-IPO shareholder. The transaction was executed at a discount to the May 13 closing market price and funded entirely with cash on the balance sheet, replacing a previously announced $50 million accelerated share repurchase (ASR) plan. The company remains committed to its $300 million share repurchase authorization and targets maintaining annual net dilution at approximately 3% while continuing to invest in organic growth and selective M&A.

•5mo ago

Flywire Reports First Quarter 2026 Financial Results

Flywire reported strong Q1 2026 financial results, with revenue increasing 41% year-over-year to $188.1 million and Adjusted EBITDA growing 81.8% to $39.3 million. Management raised full-year 2026 guidance, increasing the midpoint target for FX-neutral revenue growth by 300 basis points and Adjusted EBITDA margin growth by 25 basis points. The company also authorized a $50 million accelerated share repurchase program, marking the largest capital return action in its history as a public company.

•6mo ago

Penn State University Selects Flywire to Power Tuition Management Processes for 100,000+ Students

Penn State University selected Flywire to manage all tuition payments for its more than 100,000 students, expanding a decade-long relationship focused on international payments to include domestic processes. The university will implement Flywire's full Student Financial Software suite, including e-billing, payment plans, and third-party invoicing, integrated with its PeopleSoft system. This win underscores momentum in Flywire's education vertical, where existing clients are adopting broader solutions for fiscal stewardship and student experience modernization.

•6mo ago

KnowBe4 Selects Flywire as Global Payments Partner to Transform International Invoice-to-Cash Operations

Flywire secured a three-year partnership with KnowBe4 to serve as its preferred partner for global accounts receivable and international payments. The agreement covers millions in annual payment volume and leverages Flywire’s network across 140 currencies and 240 territories to automate KnowBe4's invoice-to-cash lifecycle. KnowBe4 expects the integration to reduce manual reconciliation time by approximately 95% while capturing millions in savings through optimized exchange rates.

•6mo ago