NASDAQ$FLYW
Flywire Corporation · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Flywire reported strong fourth quarter and fiscal-year 2024 financial results, with significant revenue and adjusted EBITDA growth.
Flywire concluded a strong 2024 with robust fourth-quarter performance, achieving 17% revenue growth and a 680 basis point increase in adjusted EBITDA margin, despite a complex macroeconomic environment. The company also announced the acquisition of Sertifi to expand its Travel vertical.
- Fourth quarter revenue increased 17.0% year-over-year to $117.6 million.
- Adjusted EBITDA grew to $16.7 million in Q4 2024, up from $7.7 million in Q4 2023, with adjusted EBITDA margins increasing by 680 bps.
- Total Payment Volume increased 27.6% to $6.9 billion in the fourth quarter of 2024.
- The company signed over 800 new clients in fiscal-year 2024, surpassing the 700 new clients signed in fiscal-year 2023.
Headline financials
Revenue & EPS history
Flywire · Revenue · Quarterly
$118M
Forward guidance
Flywire anticipates FX-neutral revenue less ancillary services growth of 10-14% and an increase in adjusted EBITDA margin of 200-400 basis points for fiscal-year 2025, excluding the Sertifi acquisition.
Tailwinds
- Anticipated revenue less ancillary services growth of 10-14% on an FX-neutral basis for fiscal-year 2025.
- Projected increase in adjusted EBITDA margin of 200-400 basis points for fiscal-year 2025.
- Expected strong performance from the combined travel vertical.
- Emerging B2B vertical is expected to exceed historical growth rates.
- Sertifi acquisition is expected to provide incremental revenue of $30.0-40.0 million in fiscal year 2025.
Headwinds
- Approximately 3 percentage points of headwind from FX throughout the year.
- Guidance excludes any potential lessening of macroeconomic headwinds.
- Restructuring impacting approximately 10% of the workforce.
- Sertifi acquisition is expected to have a flat to slightly positive effect on adjusted EBITDA in the first quarter and fiscal year 2025 due to investment plans.
- Unpredictable fluctuations in market price of Flywire's stock and foreign currency exchange rates may impact income taxes.
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 Q4 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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