NASDAQ$FLYW
Flywire Corporation · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Flywire's Q3 2024 performance was marked by revenue growth, increased payment volumes, and net income profitability.
Flywire reported a 27.2% increase in revenue to $156.8 million, a 24.2% increase in total payment volume to $11.0 billion, and a net income of $38.9 million for the third quarter of 2024. The company signed over 200 new clients and repurchased 1.3 million shares.
- Revenue increased by 27.2% year-over-year, reaching $156.8 million.
- Total Payment Volume grew by 24.2% year-over-year, totaling $11.0 billion.
- Net income significantly increased to $38.9 million, compared to $10.6 million in the previous year.
- The company signed more than 200 new clients across all verticals.
Headline financials
Revenue & EPS history
Flywire · Revenue · Quarterly
$157M
Forward guidance
Flywire anticipates revenue between $121 to $129 million and Adjusted EBITDA between $15 to $19 million for the fourth quarter of 2024. For the full year 2024, they expect revenue between $495 to $503 million and Adjusted EBITDA between $76 to $80 million.
Tailwinds
- Revenue is projected to be between $121 million and $129 million for Q4 2024.
- Adjusted EBITDA is expected to be between $15 million and $19 million for Q4 2024.
- Full year revenue is forecasted to be between $495 million and $503 million.
- Full year Adjusted EBITDA is projected to be between $76 million and $80 million.
- Company expects to continue to be a Rule of 40 company with strong Free Cash Flow and GAAP net income profitability trajectory.
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 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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