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Flywire Q3 revenue rises, beats analyst estimates

By Reuters News


Overview

  • Payments software provider's Q3 revenue rose yr/yr, beating analyst expectations

  • Adjusted EBITDA for Q3 rose 39% and beat analyst expectations

  • Company raised full-year 2026 guidance for FX-neutral revenue and adjusted EBITDA margin


Outlook

  • Company raises FY 2026 FX-neutral revenue less ancillary services growth outlook to 25-27% YoY

  • Company expects FY 2026 adjusted EBITDA margin to expand by 300-360 bps YoY

  • Company sees Q4 2026 FX-neutral revenue less ancillary services growth of 14-20% YoY


Result Drivers

  • EDUCATION SEASONALITY - Co said Q3 results benefited from seasonal peak in education payments and disciplined execution across all four verticals

  • CLIENT EXPANSION - Co attributed growth to signing 180 new clients across 31 countries, prioritizing larger enterprise relationships

  • TRAVEL & HOSPITALITY MOMENTUM - Co said international travel and hospitality business saw expansion in APAC and EMEA


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$250.30 mln

$235.16 mln (13 Analysts)

Q3 Net Income

$74.50 mln

Q3 Adjusted EBITDA

Beat

$79.50 mln

$73.62 mln (14 Analysts)

Q3 Adjusted Gross Margin

63.70%

Q3 Gross Profit

$152.70 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the business support services peer group is "buy"

  • Wall Street's median 12-month price target for Flywire Corporation is $21.00, about 7.7% above its November 2 closing price of $19.49

  • The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 31 three months ago


Reuters Recommended Reads

  • Nov 2 - Paymentus Q3 revenue beats on higher billers and transaction volumes

  • Nov 3 - Fiserv Q3 adjusted EPS beats, revenue slightly tops estimates

  • Nov 2 - Palantir Q3 revenue jumps 96%, beats analyst expectations


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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