Flywire annual operating expenses
2019
2020
2021
2022
2023
2024
2025
Flywire Operating Expenses Growth & History (FLYW)
Flywire's operating expenses was $611.7M for fiscal 2025.
View full Flywire company overviewFlywire annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $611.7M | $112.3M | +22.49% |
| 2024 | 2024-12-31 | $499.4M | $74.8M | +17.61% |
| 2023 | 2023-12-31 | $424.6M | $105.0M | +32.86% |
| 2022 | 2022-12-31 | $319.6M | $105.2M | +49.06% |
| 2021 | 2021-12-31 | $214.4M | $66.8M | +45.26% |
| 2020 | 2020-12-31 | $147.6M | $35.2M | +31.34% |
| 2019 | 2019-12-31 | $112.4M | — | — |
Flywire quarterly operating expenses
Q2.20
Q3.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $170.5M | $29.6M | +21.02% |
| Q1 2026 | 2026-03-31 | $177.3M | $32.9M | +22.77% |
| Q4 2025 | 2025-12-31 | $158.5M | $35.2M | +28.53% |
| Q3 2025 | 2025-09-30 | $167.9M | $31.3M | +22.95% |
| Q2 2025 | 2025-06-30 | $140.9M | $21.4M | +17.94% |
| Q1 2025 | 2025-03-31 | $144.4M | $24.4M | +20.30% |
| Q4 2024 | 2024-12-31 | $123.3M | $12.8M | +11.53% |
| Q3 2024 | 2024-09-30 | $136.5M | $25.1M | +22.53% |
| Q2 2024 | 2024-06-30 | $119.5M | $17.8M | +17.49% |
| Q1 2024 | 2024-03-31 | $120.1M | $19.1M | +18.97% |
| Q4 2023 | 2023-12-31 | $110.6M | $28.1M | +34.15% |
| Q3 2023 | 2023-09-30 | $111.4M | $19.9M | +21.68% |
| Q2 2023 | 2023-06-30 | $101.7M | $27.7M | +37.52% |
| Q1 2023 | 2023-03-31 | $100.9M | $29.3M | +40.84% |
| Q4 2022 | 2022-12-31 | $82.4M | $20.7M | +33.54% |
| Q3 2022 | 2022-09-30 | $91.6M | $34.9M | +61.54% |
| Q2 2022 | 2022-06-30 | $73.9M | $29.4M | +66.01% |
| Q1 2022 | 2022-03-31 | $71.7M | $20.2M | +39.25% |
| Q4 2021 | 2021-12-31 | $61.7M | — | — |
| Q3 2021 | 2021-09-30 | $56.7M | $20.0M | +54.61% |
| Q2 2021 | 2021-06-30 | $44.5M | $5.6M | +14.43% |
| Q1 2021 | 2021-03-31 | $51.5M | — | — |
| Q3 2020 | 2020-09-30 | $36.7M | — | — |
| Q2 2020 | 2020-06-30 | $38.9M | — | — |
Flywire operating expenses trends
Over the last five fiscal years, Flywire's operating expenses increased from $147.6M to $611.7M, a change of $464.1M. The latest reported quarter, Q2 2026, shows $170.5M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Flywire source filings ↗