Flywire rises 13.9% after earnings beat and raised guidance

What happened

Flywire (FLYW) rose 13.9% on November 4, 2026, because third-quarter results beat estimates and management raised fiscal 2026 revenue and adjusted EBITDA margin guidance. The stock opened 9.1% above the previous close and finished at $21.81 as investors reacted to stronger revenue growth and margin commentary. Trading volume was 4.6 times its 20-day average, signalling unusually high investor attention on the earnings news.

How big was the move

The session was large for the stock: the rise was 5.2 times a typical daily move for this stock, and it outperformed the Industrials sector median by 13.9 percentage points. The S&P 500 rose 1.6% that day; the stock’s five-session return was a rise of 15.2% while the S&P 500 over five sessions fell 0.7%. With a beta of 1.29, the stock tends to move more than the market, so company-specific news amplified the reaction. In the past five years the stock had 5 sessions with a gain of at least 13.9%; twenty trading days later the median result was a decline of 3.9%, and 1 of 5 were higher.

The technical picture

Technically, the stock remains in an established uptrend: the 50-day average is above the 200-day average and the stock was 18.9% above its 50-day moving average and 39.6% above its 200-day moving average. It had traded above the 200-day average for 142 consecutive trading days and was 1.6% below its 52-week high. Short-term momentum was strong; the Relative Strength Index (14 days) stood at 73, a level often called overbought. Volatility measured 42% annualized over 60 days, which is lower than 80% of its own readings over five years. Over the last month and three months the stock rose 19.7% and 19.8% respectively, and it is up 62.4% over one year, 50.2 percentage points ahead of the S&P 500.

Fundamentals and valuation

For the four quarters through September 30, 2026, the company reported revenue of $763.7 million, which grew 31.0% from a year earlier. Diluted earnings per share for that period were $0.60, and operating margin improved to 7.8% from 3.0% a year earlier. Gross margin was 43.9% versus 60.5% a year earlier, reflecting product mix and cost dynamics. Free-cash-flow margin was 16.3% and return on invested capital was 3.9%. The company held net cash of $407.2 million and share count over one year increased by 1.6%.

On valuation metrics the stock traded at 36.5 times trailing earnings, the lowest reading of the past five years against a five-year median of 118.5 times earnings. Price to forward earnings was 52.1 times expected earnings and free-cash-flow yield was 5.2%. PromtFinance scores rank the company strong on Growth (88) and Quality (88), with Momentum at 96 (Exceptional), Value at 62 (Neutral) and Stability at 48 (Neutral). The market value was $2.40 billion at the session close.

Earnings and analyst expectations

Flywire’s last report on November 3, 2026, showed earnings per share of $0.57 against $0.31 expected, 82.6% above estimates, and the company said third-quarter adjusted EBITDA margin was 32.5%. Management raised its previous fiscal 2026 FX-neutral revenue less ancillary services growth guidance by 2 percentage points at the midpoint and increased adjusted EBITDA margin growth guidance by 30 basis points at the midpoint. The company also reported revenue up 25.1% year-over-year for the quarter and revenue less ancillary services up 26.0%, with strength in U.K. education, travel and hospitality helping offset visa-related headwinds in major international education markets, according to company filings and media reports.

Consecutive quarters beating estimates stood at 1, and the average surprise over the last four reports was 59.0% above estimates. Typical two-day reaction after recent reports was a rise of 2.3%. Analysts covering the stock numbered 19, with a consensus rating of Buy and 68% of ratings at Buy or Strong Buy. The consensus price target was $21.45, which was 1.7% below the closing price on November 4, 2026.

What to watch

• Next report: February 23, 2027
• Last report: November 3, 2026: earnings per share $0.57 against $0.31 expected, 82.6% above estimates
• Fiscal trailing revenue: $763.7 million for the four quarters through September 30, 2026
• Net cash on the balance sheet: $407.2 million
• Price to trailing earnings: 36.5 times trailing earnings