NASDAQ$FLYW
Flywire Corporation · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported resilient performance with revenue growth and strategic acquisition.
Flywire reported a 22% increase in revenue to $103.7 million for Q2 2024, driven by new client acquisitions and expansion within existing accounts, despite headwinds from Canadian government actions. The company also announced the acquisition of Invoiced and authorized a $150 million share repurchase program.
- Revenue increased by 22% year-over-year to $103.7 million.
- Revenue less ancillary services increased by 26% year-over-year to $99.9 million.
- Signed more than 200 new clients across all verticals.
- Acquired Invoiced, an Accounts Receivable SaaS platform, to bolster B2B payment network.
Headline financials
Revenue & EPS history
Flywire · Revenue · Quarterly
$104M
Forward guidance
Flywire anticipates revenue between $146 to $157 million and adjusted EBITDA between $37 to $43 million for Q3 2024. For fiscal year 2024, the company projects revenue between $483 to $506 million and adjusted EBITDA between $72 to $80 million.
Tailwinds
- Expects strong performance in key operating metrics.
- Anticipates continued growth in revenue.
- Projects significant adjusted EBITDA.
- Share repurchase program reflects confidence in long-term potential.
- Strategic acquisitions expected to enhance value.
Headwinds
- Lowering revenue outlook due to external headwinds in Canada.
- Softer than expected performance in Canadian education business.
- Uncertainty in foreign exchange rates may impact revenue.
- Inability to reconcile forecasted Adjusted EBITDA to GAAP net income.
- Potential risks associated with forward-looking statements.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
-0.1%
Avg return
Earnings day
+2.4%
Avg return
5 days after
+2.0%
Avg return
30 days after
64%
14 / 22 earnings
Positive
+19.6%
Q4 2023
Best reaction
-37.4%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.2% | +21.2% | +2.5% | |
| Q4 2025 | +11.4% | +10.6% | +1.1% | |
| Q3 2025 | +0.1% | +2.2% | +0.5% | |
| Q1 2025 | +8.4% | +12.5% | +4.6% | |
| Q4 2024 | -37.4% | -39.0% | -45.6% | |
| Q3 2024 | +16.9% | +26.1% | +19.6% | |
| Q2 2024 | +1.5% | +0.0% | -2.6% | |
| Q1 2024 | -13.8% | -12.1% | -13.2% | |
| Q4 2023 | +19.6% | +17.1% | +2.9% | |
| Q3 2023 | -24.2% | -27.1% | -17.9% | |
| Q2 2023 | +2.3% | -8.3% | -2.2% | |
| Q1 2023 | -0.9% | -0.1% | +8.5% | |
| Q4 2022 | +5.0% | +12.7% | +18.3% | |
| Q3 2022 | +6.0% | +22.9% | +19.2% | |
| Q2 2022 | +10.2% | +8.6% | +6.0% | |
| Q1 2022 | -14.0% | -10.5% | -20.9% | |
| Q4 2019 | +5.9% | +8.8% | +10.7% | |
| Q4 2021 | +1.8% | -3.1% | +22.7% | |
| Q3 2020 | -1.3% | +0.1% | -9.1% | |
| Q3 2021 | -0.6% | -1.3% | -11.8% | |
| Q4 2020 | -4.5% | -1.1% | +16.9% | |
| Q2 2021 | +3.9% | +11.8% | +34.1% | |
| Q1 2021 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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