Flywire(US:FLYW) Globenewswire·2025-11-04 21:02Core Insights - Flywire Corporation reported a 27.6% year-over-year increase in revenue for the third quarter of 2025, reaching $200.1 million, compared to $156.8 million in the same quarter of 2024 [4] - The company raised its fiscal year 2025 revenue guidance by 400 basis points at the midpoint and adjusted EBITDA margin guidance by 75 basis points at the midpoint [1][5] Financial Performance - Revenue less ancillary services increased by 28.2% year-over-year to $194.1 million in Q3 2025, compared to $151.4 million in Q3 2024 [4] - Total payment volume rose by 26.4% to $13.9 billion in Q3 2025, up from $11 billion in Q3 2024 [4] - Net income for Q3 2025 was $29.6 million, down from $38.9 million in Q3 2024 [4] - Adjusted EBITDA increased to $57.1 million in Q3 2025, compared to $42.2 million in Q3 2024, with an adjusted EBITDA margin of 29.4% [4] Client Acquisition and Market Position - The company added over 200 new clients across all verticals in Q3 2025, excluding the added Sertifi properties [4][10] - Flywire deepened its partnership with Workday to integrate into the Workday Student Information System, enhancing its service offerings [4] Guidance and Future Outlook - For fiscal year 2025, Flywire anticipates FX-neutral revenue less ancillary services growth of 23-25% year-over-year, with adjusted EBITDA margin growth of 330-370 basis points [6] - For Q4 2025, the company expects FX-neutral revenue less ancillary services growth of 23-27% year-over-year [7] Strategic Developments - The company repurchased approximately 0.8 million shares for about $10 million, with $192 million remaining in the share repurchase program [4] - Flywire paid down $45 million of debt related to the Sertifi acquisition, leaving $15 million of debt outstanding [4]