Filing Flows › Flywire (FLYW) › How it makes money
How Flywire (FLYW) makes money
Flywire (FLYW) made $250M of revenue in the third quarter 2026 (Q3 2026), +25% from a year earlier. Transactions brought in $215M (86%); Platform and other revenues brought in $35.2M (14%). Of every dollar of revenue, 21¢ was left as operating profit, 30¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Transactions | $215M | 85.9% | +58% | +29% |
| Platform and other revenues | $35.2M | 14.1% | +11% | +7% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $250M | 100.0% |
| Operating profit | $52.8M | 21.1% |
| Net earnings | $74.5M | 29.8% |
| Operating cash flow | $125M | 50.0% |
| Free cash flow | $125M | 49.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $250M | +25% |
| Q2 2026 | $168M | +27% |
| Q1 2026 | $188M | +41% |
| Q4 2025 | $158M | +34% |
| Q3 2025 | $200M | +28% |
| Q2 2025 | $132M | +27% |
| Q1 2025 | $133M | +17% |
From Flywire's 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does Flywire make money?
Flywire (FLYW) made $250M of revenue in the third quarter 2026 (Q3 2026), +25% from a year earlier. Transactions brought in $215M (86%); Platform and other revenues brought in $35.2M (14%). Of every dollar of revenue, 21¢ was left as operating profit, 30¢ was left as net earnings.
What is Flywire's biggest business?
Transactions: $215M in the third quarter 2026, 86% of revenue, +29% from a year earlier.
What is Flywire's profit margin?
Net earnings were $74.5M, 29.8% of revenue, in the third quarter 2026; the operating margin was 21.1%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.