Flywire (NASDAQ:FLYW) Shares Gap Up After Better-Than-Expected Earnings

Key Points

• Flywire reported quarterly revenue of $250.3 million, up 25.1% year over year, and EPS of $0.57, beating analyst estimates of $233.3 million and $0.31, respectively.
• The company raised its 2026 growth and adjusted EBITDA margin outlook, and set targets of 25%–27% revenue growth in 2026 and a 25% adjusted EBITDA margin in 2027.
• Shares jumped after the results, opening at $20.90 versus the prior close of $19.15. Analysts’ consensus rating remained “Hold,” with an average price target of $21.19.

Shares of Flywire Corporation (NASDAQ:FLYW - Get Free Report) gapped up before the market opened on Wednesday following a better than expected earnings announcement. The stock had previously closed at $19.15, but opened at $20.90. Flywire shares last traded at $20.9070, with a volume of 766,813 shares traded.

The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.26. Flywire had a return on equity of 4.08% and a net margin of 4.77%. The firm had revenue of $250.30 million for the quarter, compared to analyst estimates of $233.25 million. During the same period in the previous year, the company posted $0.23 earnings per share. The business's revenue was up 25.1% on a year-over-year basis.

Key Flywire News

Here are the key news stories impacting Flywire this week:

• Positive Sentiment: Q3 revenue rose 25.1% year over year to $250.3 million, ahead of analyst expectations of about $233.3 million. EPS was $0.57, versus a $0.31 consensus estimate, and $0.23 a year earlier. Flywire Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Flywire raised the midpoint of its 2026 FX-neutral revenue-growth guidance, excluding ancillary services, by two percentage points and lifted its adjusted EBITDA margin-growth outlook by 30 basis points. It also outlined a 25%–27% revenue-growth target for 2026 and a 25% adjusted EBITDA margin target for 2027. Flywire outlines growth and margin targets
• Positive Sentiment: B. Riley raised its price target on FLYW to $25, signaling a more favorable analyst valuation view. B. Riley raises Flywire price target
• Neutral Sentiment: Shares had rallied after the earnings beat and raised guidance, so some near-term pullback may reflect investors taking profits; the provided coverage does not identify a new fundamental setback. Flywire rally after earnings

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FLYW. BTIG Research increased their target price on shares of Flywire from $20.00 to $22.00 and gave the stock a "buy" rating in a research report on Wednesday. Stephens initiated coverage on shares of Flywire in a research report on Friday, October 16th. They issued an "equal weight" rating and a $20.00 price target on the stock. Morgan Stanley set a $26.00 price target on shares of Flywire in a research note on Wednesday. UBS Group restated a "neutral" rating and set a $21.50 price target on shares of Flywire in a research note on Wednesday. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $24.00 price objective on shares of Flywire in a research note on Wednesday. Seven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Flywire currently has a consensus rating of "Hold" and an average price target of $21.19.

Insider Transactions at Flywire

In related news, General Counsel Peter Butterfield sold 12,156 shares of the company's stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $17.99, for a total transaction of $218,686.44. Following the sale, the general counsel owned 601,022 shares of the company's stock, valued at approximately $10,812,385.78. This represents a 1.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David R. King sold 36,900 shares of the stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $18.32, for a total transaction of $676,008.00. Following the completion of the sale, the insider owned 202,404 shares in the company, valued at $3,708,041.28. This represents a 15.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 592,618 shares of company stock valued at $11,230,341. 5.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FLYW. Wasatch Advisors LP bought a new stake in Flywire during the second quarter worth about $44,026,000. Jennison Associates LLC increased its position in shares of Flywire by 19.9% during the 1st quarter. Jennison Associates LLC now owns 5,298,881 shares of the company's stock valued at $61,679,000 after purchasing an additional 878,248 shares during the last quarter. North Reef Capital Management LP increased its position in shares of Flywire by 83.3% during the 1st quarter. North Reef Capital Management LP now owns 1,100,000 shares of the company's stock valued at $12,804,000 after purchasing an additional 499,999 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Flywire by 110.8% during the 1st quarter. Renaissance Technologies LLC now owns 887,200 shares of the company's stock valued at $10,327,000 after buying an additional 466,300 shares in the last quarter. Finally, Squarepoint Ops LLC raised its holdings in shares of Flywire by 158.4% during the 2nd quarter. Squarepoint Ops LLC now owns 539,307 shares of the company's stock valued at $9,476,000 after buying an additional 330,622 shares in the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Flywire Stock Performance

The stock has a 50-day moving average of $18.29 and a two-hundred day moving average of $15.58. The company has a market cap of $2.55 billion, a P/E ratio of 80.49, a P/E/G ratio of 1.24 and a beta of 1.32.

Flywire Company Profile

Flywire Corp. NASDAQ: FLYW is a global payments and software company that helps organizations receive and manage payments from customers and clients in multiple countries and currencies. Its platform is designed to simplify complex, cross-border transactions while providing payment tracking, reconciliation and related accounts-receivable capabilities.

The company serves several major verticals, including education, healthcare, travel and business-to-business payments. Its products and services include international and domestic payment processing, digital billing and invoicing, payment plans, embedded payment solutions and tools that help organizations automate reconciliation and improve the payment experience.

Flywire was founded in 2009 as peerTransfer and is headquartered in Boston, Massachusetts.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.