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Companies / Industrials / Flywire Corp
FLYW

Flywire Corp

IndustrialsBusiness Services
Ticker FLYWBOSTON, MAFiscal year ends DecemberBook value per share $6.36Diluted shares 128.4M

Flywire Corporation (NASDAQ: FLYW) is a leading global payments enablement and software company that transforms how organizations in education, healthcare, travel, and business-to-business sectors manage accounts receivable and facilitate complex domestic and cross-border payments. The company operates through its… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$623.02M
+26.6% year over year
Last 12 mo $713.54M
1.81%
+3.3 percentage points
Last 12 mo 5.51%
$13.50M
+365.4% year over year
Last 12 mo $34.04M
2.12%
+1.8 percentage points
Last 12 mo 4.17%
Cash & financing
$100.17M
+1.5% year over year
Last 12 mo $160.24M
$90.32M
−2.3% year over year
Last 12 mo $147.61M
—
127.7M
−1.2% year over year
Last 12 mo 128.4M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Flywire Corp does

In the company’s own words

Flywire Corporation (NASDAQ: FLYW) is a leading global payments enablement and software company that transforms how organizations in education, healthcare, travel, and business-to-business sectors manage accounts receivable and facilitate complex domestic and cross-border payments. The company operates through its integrated Flywire Advantage, which combines three core elements: a next-generation payments platform, a proprietary global payment network, and vertical-specific software backed by deep industry expertise.

The company's payments platform automates the complete transaction lifecycle from invoicing through settlement and reconciliation, supporting payment flows across more than 240 countries and territories in over 140 currencies. Flywire's global payment network comprises strategic partnerships with banks, payment providers, and technology companies, enabling clients to accept diverse payment methods including local bank transfers, cards, and alternative payment options such as Alipay, Boleto, PayPal, and Trustly. The platform processes over $37.6 billion in annual payment volume and serves approximately 5,000 clients worldwide, including more than 3,200 educational institutions, over 150 healthcare systems including four of the top ten U.S. healthcare systems by hospital size, and approximately 1,600 travel and B2B clients.

Flywire generates revenue through transaction fees and platform services, with a highly recurring business model driven by the mission-critical nature of its solutions. The company reported revenue of $623.0 million for the year ended December 31, 2025, and net income of $13.5 million. The company maintains strong client relationships evidenced by an annual net dollar-based retention rate of approximately 110 percent, reflecting both retention and expansion within existing accounts.

The company has expanded through strategic acquisitions including Sertifi in February 2025, Invoiced in August 2024, and StudyLink in November 2023. Flywire operates globally with regional sales teams across the United States, Canada, Latin America, Europe, and Asia Pacific. The company's website is www.flywire.com.

Company details
Sector
Industrials
Industry
Business Services
Headquarters
BOSTON, MA
Fiscal year end
December
CIK
1580560
SIC
7389

Financial performance, year by year

Fiscal 2021–2025 · USD
$-114.64M$111.23M$337.10M$562.96M$788.83M20212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Flywire Corp — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

234
funds hold it
0 of 35
superinvestors hold it
$615.66M
held by funds, at market
30.9%
of shares held by funds

Largest fund holders · Flywire Corp’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.07%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.02%of fund net assets
PGIM Jennison Small Company Fund
PGOAX · Prudential Jennison Small Co Fund, Inc.
0.99%of fund net assets
FULLERTHALER BEHAVIORAL SMALL-CAP GROWTH
FTXNX · Capitol Series Trust
0.45%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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