Filing Flows › Flywire (FLYW) › Q3 2026 › vs Q2 2026
Flywire (FLYW) Q3 2026 vs Q2 2026 (quarter over quarter)
Flywire's revenue rose $82.6M (+49%) from $168M in Q2 2026 to $250M in Q3 2026. The biggest changes: Transactions +$79.2M (+58%); Platform and other revenues +$3.3M (+11%). Operating margin 21.1% against -1.7% (+22.7 pts).
Flywire, Q3 2026: revenue $250M (+25% year over year), operating margin 21.1%, net earnings $74.5M, operating cash flow $125M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 21.1% | -1.7% | +22.7 pts |
| Net margin | 29.8% | -4.9% | +34.6 pts |
| Free cash flow margin | 49.9% | 12.4% | +37.5 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Transactions | $215M | $136M | $79.2M | +58% |
| Platform and other revenues | $35.2M | $31.8M | $3.3M | +11% |
| Revenue | $250M | $168M | $82.6M | +49% |
| Operating profit | $52.8M | −$2.8M | $55.5M | — |
| Costs & expenses | $198M | $171M | $27.0M | +16% |
| Pre-tax earnings | $52.4M | −$5.3M | $57.7M | — |
| Research & development | $16.7M | $18.4M | −$1.7M | -9% |
| Sales & marketing | $42.6M | $38.9M | $3.7M | +9% |
| General & admin | $44.3M | $38.5M | $5.9M | +15% |
| Other operating costs | $94.0M | $74.7M | $19.2M | +26% |
| Income tax benefit | $22.2M | −$2.8M | $25.0M | — |
| Net earnings | $74.5M | −$8.1M | $82.7M | — |
| Share-based compensation | $17.2M | $17.3M | −$60K | -0.3% |
| Working capital & other | $33.4M | $4.7M | $28.7M | +617% |
| Operating cash flow | $125M | $21.1M | $104M | +493% |
| Free cash flow (OCF − capex) | $125M | $20.8M | $104M | +500% |
| Capital expenditures | $209K | $273K | −$64K | -23% |
Questions
How much did Flywire's revenue grow quarter over quarter in Q3 2026?
Flywire's revenue rose $82.6M (+49%) from $168M in Q2 2026 to $250M in Q3 2026.
What drove Flywire's revenue change in Q3 2026?
Transactions +$79.2M (+58%); Platform and other revenues +$3.3M (+11%).