Flywire

Q3 FY2026 EarningsQ3 FY26 results delivered a strong top-line beat with revenue of $250.3M vs. $232.68M expected, driven by a 27.7% YoY surge in Total Payment Volume (TPV) to $17.8B. GAAP Net Income of $74.5M significantly outperformed the $37.8M consensus, largely due to a $25.2M one-time tax benefit from releasing the U.S. valuation allowance. While gross margin of 61.0% slightly missed the 62.2% consensus due to a shift toward lower-margin domestic processing, the company achieved its strongest quarterly operating income to date at $52.8M (+63.6% YoY).