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Mar 31, 2022
Flywire Q1 2022 Earnings Report
Flywire's first quarter revenue increased, driven by growth in education and travel.
Key Takeaways
Flywire reported a strong start to 2022 with revenue increasing 43% year-over-year. The company added over 130 clients, reflecting the continued execution of growth strategies and investments.
Revenue increased 43% to $64.6 million compared to Q1 2021.
Total Payment Volume increased 46% to $4.2 billion compared to Q1 2021.
Added over 130 clients in Q1, the most clients added in a quarter since IPO.
Revenue Less Ancillary Services increased 47% to $59.3 million compared to Q1 2021.
Forward Guidance
Based on information available as of May 10, 2022, Flywire anticipates the following for the second quarter and fiscal-year 2022:
Historical Earnings Impact
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Avg. Return Before/After Earnings
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