Flywire Reports Third Quarter 2026 Financial Results
Globe Newswire•03/11/2026•16:01 ET
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Key Highlights
- ➤Q3 revenue $250.3 million, up 25.1% year-over-year
- ➤Adjusted EBITDA $79.5 million, up 39.2%; margin expanded 310 bps
- ➤Total Payment Volume reached $17.8 billion, up 27.7% year-over-year
- ➤FY2026 FX-neutral revenue growth guidance raised to 25%-27%
- ➤Q3 net income $74.5 million included a nonrecurring $39.2 million tax benefit
Expert Statements
Mike Massaro, CEO of Flywire
“Q3 showed the sustainability of our growth. Through our seasonal education peak, we delivered strong top-line growth with disciplined execution across all four verticals. The financial profile reflects it: expanding adjusted EBITDA margins, and more profit and free cash flow than at any point in our history. That gives us real choices, and the best returns we see today are in our own business: deepening our competitive moat, gaining share and solving complex, high-friction financial workflows around the world”
Cosmin Pitigoi, CFO of Flywire
“We delivered another quarter of disciplined execution during our highest-volume peak, exceeding guidance across revenue-less ancillary services, and Adjusted EBITDA while generating robust free cash flow and sustained GAAP profitability. With strong execution across all verticals, we are raising our full-year 2026 outlook across revenue growth and adjusted EBITDA margin expansion. We have been GAAP profitable before, but this quarter marked a step change in scale of our GAAP profitability. This is true even when adjusting for a one-time, non-cash tax benefit tied to the release of our U.S. valuation allowance.”
Third Quarter Revenue Less Ancillary Services Increased 26.0% Year-over-Year
Previous Fiscal Year 2026 FX-Neutral Revenue Less Ancillary Services growth guidance raised by 2 pts at midpoint, Adjusted EBITDA margin growth guidance raised by 30 bps at midpoint
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