BOSTON, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Flywire Corporation (Flywire) (Nasdaq: FLYW), a global payments enablement and software company, announced that its fourth-quarter financial results will be released after market close on Tuesday, February 24, 2026. Flywire will host a conference call to discuss its fourth-quarter financial results at 5:00 pm ET the same day. Hosting the call will be Mike Massaro, CEO, Rob Orgel, President and COO, and Cosmin Pitigoi, CFO. The conference call will be webcast live fr ...

Core 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]

Core Insights - Flywire Corporation has appointed Nicole James as Chief People Officer, effective November 4, 2025, to lead its global HR function [1][2] - CEO Mike Massaro emphasized that James' experience in digital transformation and talent development aligns with Flywire's strategic priorities [2] - James previously held leadership roles at Credit Karma, Unite Us, and Square, where she scaled people functions and led global expansion efforts [2] Company Overview - Flywire is a global payments enablement and software company that combines a proprietary global payments network with vertical-specific software [5] - The company supports over 4,800 clients with diverse payment methods in more than 140 currencies across over 240 countries and territories [7] - Flywire integrates with leading ERP systems to optimize payment experiences and eliminate operational challenges for clients [6] Recognition and Culture - Flywire has been recognized as one of America's Greatest Companies by Newsweek and one of the World's Top FinTech Companies by CNBC [4] - The company is noted for its award-winning culture and high-performing teams, which are central to its operational success [4][3]

Core Insights - Flywire Corporation will release its third-quarter financial results on November 4, 2025, after market close [1] - A conference call to discuss these results will be held at 5:00 pm ET on the same day, hosted by key executives [1] Company Overview - Flywire is a global payments enablement and software company that combines a proprietary global payments network with a next-generation payments platform and vertical-specific software [3] - The company focuses on integrating its software and payments technology into existing accounts receivable workflows across various sectors, including education, healthcare, travel, and key B2B industries [4] - Flywire supports over 4,800 clients, offering diverse payment methods in more than 140 currencies across over 240 countries and territories [5]

Core Insights - Flywire Corporation reported a 27.2% year-over-year increase in revenue for the second quarter of 2025, reaching $131.9 million, compared to $103.7 million in the same quarter of 2024 [1][4] - The company reaffirmed its revenue guidance for fiscal year 2025 and raised its adjusted EBITDA margin guidance by 75 basis points at the midpoint [1][5] - The total payment volume increased by 22% to $5.9 billion in the second quarter of 2025, compared to $4.9 billion in the same quarter of 2024 [7] Financial Performance - Revenue less ancillary services increased by 27.7% to $127.5 million in the second quarter of 2025, compared to $99.9 million in the second quarter of 2024 [7] - Adjusted EBITDA rose to $16.6 million in the second quarter of 2025, compared to $5.8 million in the second quarter of 2024, with adjusted EBITDA margins increasing over 700 basis points year-over-year to 13% [7] - The net loss for the second quarter of 2025 was $12.0 million, an improvement from a net loss of $13.9 million in the second quarter of 2024 [4][7] Business Highlights - The company signed nearly 200 new clients across all verticals, excluding the added Sertifi properties and Invoiced software accounts [4] - Flywire was recognized by luxury travel network Virtuoso as a Technology Partner, gaining access to 2,300 preferred suppliers across 100 countries and $35 billion in annual luxury travel sales [4] - The company deepened its partnership with Ellucian, deploying new integrations to streamline implementations for educational institutions globally [4] Strategic Initiatives - Flywire signed a partnership with a leading provider of stablecoin payment infrastructure to integrate stablecoin payment capabilities into its global payment network [5] - The company has increased its revolving credit facility from $125 million to $300 million with improved terms, enhancing its liquidity position [7] - Flywire's share repurchase program has been increased by $150 million, bringing total authorization for future share repurchases to approximately $200 million [7] Guidance and Outlook - For fiscal year 2025, Flywire anticipates FX-neutral revenue less ancillary services growth of 17-23% year-over-year, with adjusted EBITDA margin growth of 200-350 basis points [6] - The company expects third-quarter FX-neutral revenue less ancillary services growth of 13-21% year-over-year [6]

Company Overview - Flywire Corporation is a global payments enablement and software company that combines a proprietary global payments network, next-gen payments platform, and vertical-specific software to manage complex payments for clients and their customers [3][4]. - The company supports over 4,600 clients with diverse payment methods in more than 140 currencies across over 240 countries and territories [5]. Financial Results Announcement - Flywire will release its second quarter financial results after market close on August 5, 2025, and will host a conference call at 5:00 pm ET on the same day [1]. - The conference call will be led by CEO Mike Massaro, President and COO Rob Orgel, and CFO Cosmin Pitigoi [1]. Conference Call Details - The conference call will be webcast live from Flywire's investor relations website, with a replay available afterward [2].

Core Viewpoint - Flywire has been appointed to the PCI Security Standards Council (PCI SSC) 2025-2027 Board of Advisors, marking its second consecutive term, which underscores its commitment to enhancing payment security standards and protocols [1][2][3] Group 1: Company Representation and Expertise - Flywire's CTO, David King, and CIO/CISO, Barbara Cousins, will represent the company on the PCI SSC Board, leveraging their extensive experience in security and payments [1][2] - David King was part of the original team that drafted the initial version of PCI DSS 1.0, bringing valuable insights to the Board [2] Group 2: Commitment to Security and Compliance - Flywire is PCI DSS Level 1 certified, the highest level for credit card data security, and undergoes annual SOC II Type II audits to ensure strong information management processes [3] - The company actively manages global regulatory requirements, including comprehensive Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) programs, and complies with various data protection laws such as GDPR, CCPA, PIPEDA, HIPAA, and FERPA [3] Group 3: Client Trust and Security Differentiation - Flywire's security capabilities are a key differentiator for its global clients, as evidenced by Nordic Visitor's decision to select Flywire for its international payments due to robust security and compliance features [4] - The company emphasizes that being a leader in security and compliance is about building trust with clients and their customers, not just meeting regulatory requirements [5] Group 4: Industry Collaboration - The PCI SSC Board of Advisors provides industry expertise that influences the development of PCI security standards and programs, highlighting the collaborative effort to enhance payment data security globally [5][6]

Core Insights - Flywire Corporation reported a 17.0% year-over-year increase in revenue for the first quarter of 2025, reaching $133.5 million compared to $114.1 million in the same period of 2024 [4][23] - The company reaffirmed its fiscal year 2025 guidance, indicating strong performance and growth expectations despite macroeconomic challenges [5][6] Financial Performance - Revenue less ancillary services increased by 16.8% year-over-year to $128.7 million in Q1 2025, compared to $110.2 million in Q1 2024 [4][23] - Total payment volume rose by 20.4% to $8.4 billion in Q1 2025, up from $7.0 billion in Q1 2024 [4][23] - Adjusted EBITDA increased to $21.6 million in Q1 2025, compared to $13.2 million in Q1 2024, with adjusted EBITDA margins improving to 16.2% [10][36] Client Acquisition and Market Expansion - The company signed over 200 new clients in the first quarter, primarily in the travel and education sectors [3][4] - Flywire expanded its presence in India by partnering with major financial institutions to tap into the education loan payment market [4][18] Strategic Initiatives - A Chief Payments Officer was appointed to enhance product and payment innovation [4] - The company is focusing on strategic and operational decisions to support clients and strengthen its market position [3][5] Guidance and Future Outlook - Flywire anticipates FX-neutral revenue less ancillary services growth of 17-23% year-over-year for the fiscal year 2025 [6][7] - The company expects to maintain its full-year financial outlook while driving revenue growth and margin expansion [5][6]