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Jun 30, 2021
Flywire Q2 2021 Earnings Report
Reported strong second-quarter results, marking their first as a publicly-traded company, driven by the increasing demand for digital payment solutions and new client acquisition across key verticals.
Key Takeaways
Flywire reported a strong second quarter with a 56% increase in revenue to $37.0 million and an 85% increase in total payment volume to $1.9 billion. The company saw positive growth trends with new client acquisition across key verticals including education, healthcare, travel, and B2B.
Revenue increased 56% year-over-year to $37.0 million.
Total Payment Volume increased 85% year-over-year to $1.9 billion.
Revenue Less Ancillary Services increased 77% year-over-year to $33.0 million.
The company reported positive growth trends with new client acquisition across its key verticals: education, healthcare, travel, and B2B.
Forward Guidance
For fiscal year 2021, Flywire expects revenue between $173 to $178 million and revenue less ancillary services between $158 to $161 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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