NASDAQ$FLYW
Flywire Corporation · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Flywire achieved its highest quarter of revenue and adjusted EBITDA, driven by go-to-market strategy optimization and new client wins.
Flywire reported a strong third quarter with revenue increasing by 29.5% year-over-year to $123.3 million and net income of $10.6 million. The company also raised its full-year outlook before FX impacts.
- Revenue increased by 29.5% to $123.3 million compared to Q3 2022.
- Net income reached $10.6 million, a significant improvement from the $(4.3) million loss in Q3 2022.
- Total Payment Volume increased by 26% to $8.9 billion.
- Company signed more than 185 new clients.
Headline financials
Revenue & EPS history
Flywire · Revenue · Quarterly
$123M
Forward guidance
For the fourth quarter of 2023, Flywire anticipates revenue between $91.5 to $96.5 million and Revenue Less Ancillary Services between $86.5 to $90.5 million. Adjusted EBITDA is projected to be between $1.0 to $4.0 million.
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 Q3 2023
-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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