Flywire Corp.'s stock surged 16.86% during intraday trading on Wednesday, driven by the company's robust first-quarter fiscal 2026 financial results that significantly exceeded market expectations.

The payment software provider 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, well above analyst forecasts. The company swung to a net income of $12.5 million from a loss in the prior-year period, while adjusted EBITDA rose 81.8% to $39.3 million.

Further bolstering investor sentiment, Flywire announced an accelerated share repurchase program of up to $50 million and raised its full-year guidance, now expecting 18-24% year-over-year growth. Multiple analysts raised their price targets on the stock following the report, including Raymond James increasing its target to $21 from $16 and UBS adjusting its target to $18 from $14, reflecting increased confidence in the company's growth trajectory.