Filing Flows › Flywire (FLYW) › Q3 2025
Flywire (FLYW) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
Flywire (FLYW) reported revenue of $200M for the third quarter 2025 (Q3 2025), +28% from a year earlier and +52% from the quarter before. Operating margin was 16.1%, net earnings $29.6M (14.8% of revenue).
Flywire, Q3 2025: revenue $200M (+28% year over year), operating margin 16.1%, net earnings $29.6M, operating cash flow $150M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $200M | +52% | +28% |
| Operating profit | $32.3M | — | +59% |
| Net earnings | $29.6M | — | -24% |
| Operating cash flow | $150M | +478% | -19% |
| Free cash flow | $150M | +489% | -19% |
What changed
Revenue was $200.1M in Q3 2025, up 28% year over year and up 52% from the previous quarter. Transactions was the largest line at 84% of revenue. Transactions added $32.7M year over year (up 24%), 76% of the total change.
Operating profit was $32.3M, a 16.1% margin (up 3.2 points year over year). Of the extra revenue versus a year earlier, 28% reached operating profit, above the 13% margin then. Total costs grew 23% against revenue growth of 28%. The fastest-growing cost line was Other operating costs (+33%). Net earnings were $29.6M, down 24% year over year. The effective tax rate was 5.0%.
Operating cash flow was $150.1M (down 19% year over year), 507% of net earnings. Non-cash charges added back $6.8M of depreciation and amortization and $17.7M of share-based compensation. Working capital and other items added $96.0M. Capital expenditures of $226K left free cash flow of $149.9M.
Questions
What was Flywire's revenue in the third quarter 2025?
Flywire (FLYW) reported revenue of $200M for the third quarter 2025 (Q3 2025), +28% from a year earlier and +52% from the quarter before.
Was Flywire profitable in the third quarter 2025?
Operating profit was $32.3M (16.1% of revenue) and net earnings $29.6M.
Source: Flywire 10-Q on SEC EDGAR.