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Flywire Overview
About Flywire
Flywire Corp provides a secure payment platform, offering its clients a streamlined process to receive reconciled domestic and international payments more cost-effectively and efficiently. The company's solutions are built on three core elements, namely a payments platform, a proprietary payment network, and vertical-specific software backed by its deep industry expertise. Geographically, the majority of revenue is from the Americas.
Founded
2009
HQ
Employees
1.4K
Website
Financials (LTM)
EV
$1B
Flywire Financials
Flywire reported last 12-month revenue of $625M and EBITDA of $128M.
In the same LTM period, Flywire generated $369M in gross profit, $128M in EBITDA, and $19M in net income.
Revenue (LTM)
Flywire P&L
In the most recent fiscal year, Flywire reported revenue of $623M and EBITDA of $121M.
Flywire expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $625M | XXX | $623M | XXX | XXX | XXX |
| Gross Profit | $369M | XXX | $383M | XXX | XXX | XXX |
| Gross Margin | 59% | XXX | 61% | XXX | XXX | XXX |
| EBITDA | $128M | XXX | $121M | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 19% | XXX | XXX | XXX |
| EBIT Margin | 3% | XXX | 3% | XXX | XXX | XXX |
| Net Profit | $19M | XXX | $13M | XXX | XXX | XXX |
| Net Margin | 3% | XXX | 2% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Flywire Stock Performance
Flywire has current market cap of $2B, and enterprise value of $1B.
Market Cap Evolution
Flywire's stock price is $12.44.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $2B | 0.0% | XXX | XXX | XXX | $0.11 |
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Start Free TrialFlywire Valuation Multiples
Flywire trades at 1.9x EV/Revenue multiple, and 9.0x EV/EBITDA.
EV / Revenue (LTM)
Flywire Financial Valuation Multiples
As of March 10, 2026, Flywire has market cap of $2B and EV of $1B.
Equity research analysts estimate Flywire's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Flywire has a P/E ratio of 78.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | 1.9x | XXX | 1.9x | XXX | XXX | XXX |
| EV/EBITDA | 9.0x | XXX | 9.6x | XXX | XXX | XXX |
| EV/EBIT | 58.5x | XXX | 57.9x | XXX | XXX | XXX |
| EV/Gross Profit | 3.1x | XXX | 3.0x | XXX | XXX | XXX |
| P/E | 78.2x | XXX | 112.5x | XXX | XXX | XXX |
| EV/FCF | 18.1x | XXX | 12.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Flywire Valuation Multiples
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Flywire Margins & Growth Rates
Flywire's revenue in the last 12 month grew by 18%.
Flywire's revenue per employee in the last FY averaged $0.4M.
Flywire's rule of 40 is 39% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Flywire's rule of X is 66% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Flywire Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 18% | XXX | 15% | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 19% | XXX | XXX | XXX |
| EBITDA Growth | 31% | XXX | 33% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 39% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 66% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 25% | XXX | 25% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 22% | XXX | 22% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 11% | XXX | 11% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 58% | XXX | XXX | XXX |
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Flywire Public Comps
See public comps and valuation multiples for other Payment Service Providers and Money Transfer comps.
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Flywire M&A Activity
Flywire acquired XXX companies to date.
Last acquisition by Flywire was on XXXXXXXX, XXXXX. Flywire acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Flywire
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialFlywire Investment Activity
Flywire invested in XXX companies to date.
Flywire made its latest investment on XXXXXXXX, XXXXX. Flywire invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Flywire
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Flywire
| When was Flywire founded? | Flywire was founded in 2009. |
| Where is Flywire headquartered? | Flywire is headquartered in United States. |
| How many employees does Flywire have? | As of today, Flywire has over 1K employees. |
| Who is the CEO of Flywire? | Flywire's CEO is Michael Massaro. |
| Is Flywire publicly listed? | Yes, Flywire is a public company listed on Nasdaq. |
| What is the stock symbol of Flywire? | Flywire trades under FLYW ticker. |
| When did Flywire go public? | Flywire went public in 2021. |
| Who are competitors of Flywire? | Flywire main competitors are Payoneer, Fawry, IDT, Evertec. |
| What is the current market cap of Flywire? | Flywire's current market cap is $2B. |
| What is the current revenue of Flywire? | Flywire's last 12 months revenue is $625M. |
| What is the current revenue growth of Flywire? | Flywire revenue growth (NTM/LTM) is 18%. |
| What is the current EV/Revenue multiple of Flywire? | Current revenue multiple of Flywire is 1.9x. |
| Is Flywire profitable? | Yes, Flywire is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Flywire? | Flywire's last 12 months EBITDA is $128M. |
| What is Flywire's EBITDA margin? | Flywire's last 12 months EBITDA margin is 21%. |
| What is the current EV/EBITDA multiple of Flywire? | Current EBITDA multiple of Flywire is 9.0x. |
| What is the current FCF of Flywire? | Flywire's last 12 months FCF is $64M. |
| What is Flywire's FCF margin? | Flywire's last 12 months FCF margin is 10%. |
| What is the current EV/FCF multiple of Flywire? | Current FCF multiple of Flywire is 18.1x. |
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