Flywire (FLYW) Revenue & Revenue Breakdown
Flywire Revenue Highlights
Latest Revenue (Y)
$403.09B
Latest Revenue (Q)
$103.68M
Main Segment (Y)
Transactions
Main Geography (Y)
Europe, the Middle East and Africa (EMEA)
Flywire Revenue by Period
Flywire Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $403.09B | 139198.14% |
| 2022-12-31 | $289.38M | 43.86% |
| 2021-12-31 | $201.15M | 52.64% |
| 2020-12-31 | $131.78M | 38.84% |
| 2019-12-31 | $94.92M | - |
Flywire generated $403.09B in revenue during NA 2023, up 139198.14% compared to the previous quarter, and up 0.00% compared to the same period a year ago.
Flywire Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $103.68M | -9.14% |
| 2024-03-31 | $114.10M | 13.48% |
| 2023-12-31 | $100.55M | -18.47% |
| 2023-09-30 | $123.32M | 45.31% |
| 2023-06-30 | $84.87M | -10.06% |
| 2023-03-31 | $94.36M | 29.16% |
| 2022-12-31 | $73.05M | -23.29% |
| 2022-09-30 | $95.23M | 68.44% |
| 2022-06-30 | $56.54M | -12.42% |
| 2022-03-31 | $64.55M | 25.60% |
| 2021-12-31 | $51.39M | -24.18% |
| 2021-09-30 | $67.79M | 83.33% |
| 2021-06-30 | $36.98M | -17.81% |
| 2021-03-31 | $44.99M | 35.39% |
| 2020-12-31 | $33.23M | -21.04% |
| 2020-09-30 | $42.09M | 77.15% |
| 2020-06-30 | $23.76M | -27.37% |
| 2020-03-31 | $32.71M | - |
Flywire generated $103.68M in revenue during Q2 2024, up -9.14% compared to the previous quarter, and up 109.88% compared to the same period a year ago.
Flywire Revenue Breakdown
Flywire Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|
| Platform And Usage Based Fees | $73.37M | $65.23M | $53.16M |
| Transactions | $329.72M | $224.15M | $147.99M |
Flywire's latest annual revenue breakdown by segment (product or service), as of Dec 23: Transactions (81.80%), and Platform And Usage Based Fees (18.20%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Transactions | $95.20M | $81.99M | $104.58M | $66.85M | $76.30M | $56.66M | $77.15M | $41.66M | $48.69M | $38.28M | $53.03M | $24.25M |
| Platform And Usage Based Fees | $18.90M | $18.56M | $18.74M | $18.02M | $18.05M | $16.40M | $18.09M | $14.88M | $15.87M | $13.12M | $14.76M | $12.73M |
Flywire's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Transactions (83.43%), and Platform And Usage Based Fees (16.57%).
Flywire Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|
| Europe, the Middle East and Africa (EMEA) | $120.84M | $69.19M | - |
| CANADA | - | - | $27.95M |
| U S | - | - | $131.68M |
| Other Countries | - | - | $13.79M |
Flywire's latest annual revenue breakdown by geography, as of Dec 23: Europe, the Middle East and Africa (EMEA) (100.00%).
Quarterly Revenue by Country
| Country | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Europe, the Middle East and Africa (EMEA) | $36.16M | $30.10M | $40.54M | $28.53M | $21.66M | - | - | - | - | - | - |
| CANADA | - | - | - | - | - | $9.06M | $9.54M | $8.15M | $8.54M | - | - |
| UNITED STATES | - | - | - | - | - | $52.44M | $45.55M | $22.96M | - | - | - |
| Other Countries | - | - | - | - | - | $13.88M | $7.78M | $5.96M | $5.64M | $3.41M | $2.28M |
| U S | - | - | - | - | - | - | $28.49M | $40.56M | $29.58M | - | - |
| CALIFORNIA | - | - | - | - | - | - | - | - | - | $6.61M | $7.28M |
Flywire's latest quarterly revenue breakdown by geography, as of Mar 24: Europe, the Middle East and Africa (EMEA) (100.00%).
Flywire Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| EVTC | EVERTEC | $694.71B | $211.98B |
| FLYW | Flywire | $403.09B | $103.68M |
| CSGS | CSG Systems | $1.17B | $295.13M |
| NTCT | NetScout Systems | $829.46M | $174.56M |
| STER | Sterling Check | $719.64M | $200.53M |
| EVCM | EverCommerce | $675.37M | $177.39M |
| IMXI | International Money Express | $658.74M | $171.53M |
| QLYS | Qualys | $554.46M | $148.71M |
| GB | Global Blue Group | $422.30M | $105.24M |
| IIIV | i3 Verticals | $370.24M | $56.04M |
| CCSI | Consensus Cloud Solutions | $362.56M | $87.50M |
| ESMT | EngageSmart | $303.92M | $97.73M |
| BASE | Couchbase | $180.04M | $51.59M |
FLYW Revenue FAQ
What is Flywire’s yearly revenue?
Flywire's yearly revenue for 2023 was $403.09B, representing an increase of 139198.14% compared to 2022. The company's yearly revenue for 2022 was $289.38M, representing an increase of 43.86% compared to 2021. FLYW's yearly revenue for 2021 was $201.15M, representing an increase of 52.64% compared to 2020.
What is Flywire’s quarterly revenue?
Flywire's quarterly revenue for Q2 2024 was $103.68M, a -9.14% decrease from the previous quarter (Q1 2024), and a 22.16% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $114.1M, a 13.48% increase from the previous quarter (Q4 2023), and a 20.93% increase year-over-year (Q1 2023). FLYW's quarterly revenue for Q4 2023 was $100.54M, a -18.47% decrease from the previous quarter (Q3 2023), and a 37.63% increase year-over-year (Q4 2022).
What is Flywire’s revenue growth rate?
Flywire's revenue growth rate for the last 3 years (2021-2023) was 200295.73%, and for the last 5 years (2019-2023) was 424576.04%.
What are Flywire’s revenue streams?
Flywire's revenue streams in c 23 are Platform And Usage Based Fees, and Transactions. Platform And Usage Based Fees generated $73.37M in revenue, accounting 18.20% of the company's total revenue, up 12.49% year-over-year. Transactions generated $329.72M in revenue, accounting 81.80% of the company's total revenue, up 47.10% year-over-year.
What is Flywire’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Flywire was Transactions. This segment made a revenue of $329.72M, representing 81.80% of the company's total revenue.