| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 28 | 66.2x | 17.8x | Bottom tier | |
Growth | 95 | 32.2% | 7.1% | Top tier | |
Quality | 72 | 3.9% | 4.5% | Top tier | |
Safety | 84 | — | 2.6x | Top tier | |
Capital Return | 84 | — | 2.12% | Top tier | |
Momentum | 88 | 35.6% | 2.9% | Top tier | |
Sentiment | 37 | 7 | 3 | Bottom tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Flywire provides a software and payments platform embedded in complex and sensitive financial workflows for institutions, particularly in education, travel and hospitality, healthcare, and business-to-business. The company generates revenue from transaction processing and from platform and other service fees, benefiting from connecting payments with billing, payment plans, collections, settlement, and integration with enterprise resource planning systems. In Q2 FY2026, transaction revenue represented $135.9 million of the $164 million in revenue less ancillary services, while platform and other revenue totaled $28 million.
In Q2 FY2026, revenue less ancillary services increased by more than 28% at spot exchange rates and by 27% on a constant-currency basis, supported by 43% growth in transaction payment volume and 35% growth in transaction revenue. Adjusted gross profit reached $93 million, up 19%, and adjusted earnings before interest, taxes, depreciation, and amortization reached $24 million at a 14.6% margin, improving by approximately 160 basis points. In contrast, the adjusted gross profit margin declined by approximately 450 basis points to 56.6%, and the company recorded a generally accepted accounting principles net loss of $8 million compared with a $12 million loss a year earlier.
EDGAR data shows a shift toward profitability over longer periods: FY2025 revenue totaled approximately $623 million and net income was $13.5 million, while the twelve-month period ended in FY2026 recorded revenue of $677.7 million and net income of $30.2 million. Q1 FY2026 revenue totaled approximately $188.1 million, with net income of $12.5 million. The Q2 FY2026 mix reflects greater reliance on transactions, while travel drove performance above expectations and accelerated healthcare and business-to-business payments contributed approximately 7 points to payment-processing growth.
Automated analysis for informational purposes only — not investment advice.
The average analyst price target is $21.27, above the upper end of the 52-week range of $19.73, while the target range extends from $16 to $25 and the consensus rates the stock a "Buy." No displayed price-to-earnings ratio is available for the stock despite recording $30.2 million in net income and earnings per share of approximately $0.24 during the twelve-month period ended in FY2026, so its valuation depends heavily on achieving FY2026 growth and expanding the adjusted earnings margin versus the risks of gross profit margin compression and slowing growth.
Figures in the text are as of 2026-09-01; the live price is shown at the top of the page.
Travel drove Q2 FY2026 performance above management's expectations, particularly the acceleration in hospitality payments. Healthcare payments and the carryover of business-to-business billing added approximately 7 points to payment-processing growth, exceeding the previously expected mid-single-digit impact. Accordingly, the company raised its FY2026 constant-currency revenue growth guidance to a range between 21% and 27%.
SFS combines billing, payment plans, collections, and domestic and cross-border payments within a single platform connected to institutional systems. In Q2 FY2026, Flywire signed three U.S. SFS deals with annual recurring value equal to twice the value of deals signed in the corresponding quarter of FY2025, and it also signed University of Liverpool to use the platform in the United Kingdom. The company says its clients collected more than $360 million in arrears through tuition recovery solutions and saved more than $70 million in collection agency fees.
The company assumed a 30% decline in United States visas in its FY2026 guidance and also accounted for higher rejection rates and slower growth in the United Kingdom. In contrast, education revenue outside the United States, United Kingdom, Canada, and Australia grew by more than 30% in Q2 FY2026, and approximately two-thirds of new education clients came from those markets. The company also uses SFS and domestic payments to increase revenue from existing institutions, with domestic activity representing approximately one-third of its U.S. education business and growing above the company average, according to management.
The adjusted gross profit margin was 56.6% in Q2 FY2026, down approximately 450 basis points. Management attributed approximately 300 basis points of the decline to a higher mix of healthcare and business-to-business payment processing, which are lower-margin flows but require limited additional operating expenses. Excluding this impact, the normalized decline was approximately 150 basis points, within management's typical annual range of between 100 and 200 basis points.
Management targets $1 billion in annual organic revenue and an adjusted earnings before interest, taxes, depreciation, and amortization margin of 30% over the following few years, without specifying a particular fiscal year. FY2027 represents an intermediate milestone, as the company targets a margin of approximately 25% and expects digital transformation investments to peak during that year. For FY2026, it expects a margin of approximately 23% at the midpoint of the range and free cash flow equal to 70% to 75% of adjusted earnings before interest, taxes, depreciation, and amortization.
The analyst consensus rates FLYW stock a "Buy," with an average price target of $21.27. Targets range between $16 and $25, revealing a meaningful divergence in estimates of the growth and margin trajectory. The average target is above the top of the 52-week range of $19.73, but the absence of a displayed price-to-earnings ratio makes the stock's valuation more closely tied to executing FY2026 guidance and achieving its multiyear profitability targets.
