Quarterly ResultMay 5, 2026, 04:08 PM
Flywire Q1 Revenue +41%; Raises FY26 Guidance; Announces $50M ASR
AI Summary
Flywire Corporation reported strong first-quarter 2026 financial results, exceeding expectations with significant revenue and Adjusted EBITDA growth. Revenue increased 41.0% to $188.1 million, and net income reached $12.5 million, a substantial improvement from a net loss in the prior year. The company also announced an accelerated share repurchase program of up to $50 million, its largest capital return action to date, reflecting confidence in its intrinsic value. Following these robust results, Flywire raised its fiscal year 2026 guidance for both Revenue Less Ancillary Services growth and Adjusted EBITDA margin growth.
Key Highlights
- Announced up to $50 million accelerated share repurchase (ASR) program.
- Q1 2026 Revenue increased 41.0% year-over-year to $188.1 million.
- Q1 2026 Net income was $12.5 million, compared to a net loss of ($4.2) million in Q1 2025.
- Q1 2026 Adjusted EBITDA grew 81.8% to $39.3 million, with margin up 452 bps to 21.4%.
- FY26 Revenue Less Ancillary Services growth guidance raised by 300 bps at midpoint.
- FY26 Adjusted EBITDA margin growth guidance raised by 25 bps at midpoint.
- Repurchased 0.9 million shares for $10 million in Q1 2026.
- Total Payment Volume increased 36.5% to $11.4 billion in Q1 2026.