Stock Track | Flywire Soars 14.6% in After-Hours on Strong Q1 Earnings Beat and Profit Swing

Stock Track
May 06

Flywire Corp. shares surged 14.6% in the after-hours session following the release of its robust first-quarter fiscal 2026 financial results, which significantly exceeded analyst expectations.

The payment company reported quarterly earnings of $0.10 per share, beating the consensus estimate of $0.04 by 150%. Revenue soared 41% year-over-year to $188.1 million, surpassing estimates of approximately $172 million. The company swung to a net income of $12.5 million from a loss in the prior-year period. Adjusted EBITDA rose 81.8% to $39.3 million, also topping expectations.

Further bolstering investor sentiment, Flywire announced an accelerated share repurchase program of up to $50 million and provided full-year guidance calling for 18-24% year-over-year growth in FX-neutral revenue less ancillary services. Total payment volume climbed 36.5% to $11.4 billion during the quarter.

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