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]