EarningsQ2 2026 Earnings Report
DE:9E2 Q2 2026 EPS Results
Actual EPS-€0.06
Consensus EPS-€0.02
Beat/MissMissed by -€0.04
One Year Ago EPS-€0.09
DE:9E2 Q2 2026 Revenue Results
Actual Revenue€149.69M
Expected Revenue€139.63M
Beat/MissBeat by +€10.07M
YoY Revenue Growth+27.18%
Earnings Announcement Details
QuarterQ2 2026
Date08/04/2026
TimeAfter Close
Conference CallTuesday, August 4, 2026
DE:9E2 Upcoming Earnings
Flywire's next earnings date is estimated for November 10, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:9E2 Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a predominantly positive picture: strong revenue and transaction volume growth, accelerating client signings, software‑led monetization (SFS) with clear ROI, meaningful adjusted EBITDA expansion, AI‑driven productivity gains, and upgraded guidance with a healthy cash position. Notable challenges include gross margin compression driven by mix (temporary lower‑margin payment ramps), visa and regulatory headwinds (particularly in the U.K. and U.S.), seasonality in Q2, and the potential for tougher comps next year due to accelerated ramps in 2026. Management frames margin pressure as mix‑related and expects durable operating leverage and free cash flow generation as transformation investments conclude. Overall, the positive operational momentum and upgraded outlook outweigh the manageable near‑term margin and macro risks.Company Guidance
Strong Top-Line Growth
Total revenue less ancillary services of $164M in Q2, up over 28% at spot and 27% FX‑neutral year‑over‑year; company raised full‑year FX‑neutral revenue guidance to 21%–27%.
Robust Transaction Volume and Revenue
Transaction revenue of $135.9M, up 35% YoY, driven by a 43% increase in transaction payment volume; transaction growth led by education (cross‑border and domestic) and travel.
Adjusted EBITDA Expansion and Profitability Trajectory
Adjusted EBITDA of $24M, a 14.6% margin, expanding approximately 160 basis points YoY and above the upper end of guidance; full‑year EBITDA margin expected to expand ~200–400 bps to about 23% at midpoint.
Adjusted Gross Profit and Cash Position
Adjusted gross profit of $93M, up 19% YoY; GAAP net loss improved to $8M from a $12M loss a year ago; corporate cash balance of approximately $167M providing balance sheet flexibility.
Customer Momentum and Sales Wins
Signed over 200 new clients across 45 countries (second consecutive quarter at that level); wins include major education and hospitality customers (e.g., University of Liverpool, Sheridan, Bond University, Peregrine Hospitality, Avion Hospitality, Marcus Hotels & Resorts).
SFS & Software-Led Monetization Driving Value
Three new U.S. SFS signings this quarter with ARR roughly double the same quarter in 2025; SFS outcomes include operational efficiency (inbound contact reduced ~40%), ~50% higher payment plan enrollment with default rates falling from as high as 34% to below 2%, and >$360M recovered in past‑due tuition saving >$70M in agency fees.
Geographic Diversification and Growth Outside Big 4
Education revenue outside the Big 4 markets grew over 30% YoY in Q2; successful deployments and pipeline growth in Europe (Spain, Switzerland) and Asia (South Korea, Japan).
Accelerating Lower‑Cost Payment Ramps (B2B & Health care)
Stronger‑than‑expected payment processing volumes from health care and B2B provided an approximately 7‑point growth tailwind to payment processing in Q2; these ramps are accelerating revenue and EBITDA flow‑through.
AI and Operational Productivity Gains
About 45% of customer inquiries now resolve automatically; targeting >50% auto‑resolution by year‑end; AI embedded across engineering, product and go‑to‑market functions to reduce costs and ramp productivity.
Upgraded Financial Targets and Capital Discipline
Management reiterated $1B annual organic revenue and 30% adjusted EBITDA margin as achievable within the next few years; free cash flow conversion target of 70%–75% of adjusted EBITDA; guidance to limit new stock issuance and target <2% dilution this year (<3% ongoing).
DE:9E2 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed