Flywire Reports Strong Q3 2026 Results with Revenue Growth and Raised Full-Year Guidance
Flywire (FLYW) reported robust third-quarter 2026 financial results, highlighted by a 26% FX-neutral revenue increase to $244.5 million and a significant 39.2% year-over-year growth in adjusted EBITDA to $79.5 million. The company's performance was driven by strong tuition payment peaks in the U.K. and expansion within the travel, hospitality, and B2B sectors. Total Payment Volume grew by 27.7% to reach $17.8 billion. Despite a slight compression in adjusted gross margins due to shifts into lower-margin healthcare and B2B processing, Flywire demonstrated strong operating leverage as non-GAAP expenses grew only 9%. Management raised its full-year revenue guidance to a 25%-27% growth range on an FX-neutral basis. The company also reported significant GAAP net income of $74.5 million, bolstered by a one-time tax valuation allowance benefit.
Topics: EBITDA education sector hospitality payments net income payment volume revenue growth