Filing Flows › Flywire (FLYW) › Q3 2026 › vs Q3 2025
Flywire (FLYW) Q3 2026 vs Q3 2025 (year over year)
Flywire's revenue rose $50.2M (+25%) from $200M in Q3 2025 to $250M in Q3 2026. The biggest changes: Transactions +$47.9M (+29%); Platform and other revenues +$2.2M (+7%). Operating margin 21.1% against 16.1% (+5.0 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 21.1% | 16.1% | +5.0 pts |
| Net margin | 29.8% | 14.8% | +15.0 pts |
| Free cash flow margin | 49.9% | 77.9% | -28.0 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Transactions | $215M | $167M | $47.9M | +29% |
| Platform and other revenues | $35.2M | $33.0M | $2.2M | +7% |
| Revenue | $250M | $200M | $50.2M | +25% |
| Operating profit | $52.8M | $32.3M | $20.5M | +64% |
| Costs & expenses | $198M | $168M | $29.7M | +18% |
| Pre-tax earnings | $52.4M | $31.2M | $21.2M | +68% |
| Research & development | $16.7M | $17.6M | −$998K | -6% |
| Sales & marketing | $42.6M | $41.9M | $659K | +2% |
| General & admin | $44.3M | $36.0M | $8.3M | +23% |
| Other operating costs | $94.0M | $72.3M | $21.7M | +30% |
| Income tax benefit | $22.2M | −$1.6M | $23.8M | — |
| Net earnings | $74.5M | $29.6M | $44.9M | +152% |
| Share-based compensation | $17.2M | $17.7M | −$483K | -3% |
| Working capital & other | $33.4M | $102M | −$68.7M | -67% |
| Operating cash flow | $125M | $156M | −$31.0M | -20% |
| Free cash flow (OCF − capex) | $125M | $156M | −$31.0M | -20% |
| Capital expenditures | $209K | $226K | −$17K | -8% |
Questions
How much did Flywire's revenue grow year over year in Q3 2026?
Flywire's revenue rose $50.2M (+25%) from $200M in Q3 2025 to $250M in Q3 2026.
What drove Flywire's revenue change in Q3 2026?
Transactions +$47.9M (+29%); Platform and other revenues +$2.2M (+7%).