# EDGAR Filing Document

**Accession Number:** 0001580560
**File Stem:** 0001580560-26-000003
**Filing Date:** 2026-5
**Character Count:** 78785
**Document Hash:** 1737d219643de20f9ae43795c7885571
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001580560-26-000003.hdr.sgml**: 20260505

**ACCESSION NUMBER**: 0001580560-26-000003

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 49

**CONFORMED PERIOD OF REPORT**: 20260505

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260505

**DATE AS OF CHANGE**: 20260505

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Flywire Corp
- **CENTRAL INDEX KEY:** 0001580560
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-BUSINESS SERVICES, NEC [7389]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 270690799
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40430
- **FILM NUMBER:** 26942874

**BUSINESS ADDRESS:**
- **STREET 1:** 141 TREMONT STREET, SUITE 10
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02111
- **BUSINESS PHONE:** 617-329-4524

**MAIL ADDRESS:**
- **STREET 1:** 141 TREMONT STREET, SUITE 10
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02111

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** peerTransfer Corp
- **DATE OF NAME CHANGE:** 20130701

?xml version='1.0' encoding='ASCII'? 8-K

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**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

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**FORM** 8-K

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**CURRENT REPORT**

**Pursuant to Section 13 or 15(d)**

**of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported):** May 5, 2026

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FLYWIRE CORPORATION

**(Exact name of Registrant as specified in its charter)** 

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| | | |
|:---|:---|:---|
| Delaware | 001-40430 | 27-0690799 |
| **(State or other jurisdiction**<br>**of incorporation)** | **(Commission**<br>**File No.)** | **(IRS Employer**<br>**Identification No.)** |

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| |
|:---|
| **1**41 Tremont St #10 |
| Boston**,** MA 02111 |
| **(Address of principal executive offices and zip code)** |

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**Registrant's telephone number, including area code: (**617**)** 329-4524

**Not Applicable**

**(Former Name or Former Address, if Changed Since Last Report)**

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading<br>Symbol(s)** | **Name of each exchange**<br>**on which registered** |
| Voting Common Stock, $0.0001 par value per share | FLYW | The Nasdaq Stock Market LLC<br>(Nasdaq Global Select Market) |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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| | |
|:---|:---|
| **Item 2.02.** | **Results of Operations and Financial Condition.**  |

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On May 5, 2026, Flywire Corporation ("Flywire" or the "Company") issued a press release (the "Press Release") and is holding a conference call regarding its preliminary and unaudited financial results for the quarter ended March 31, 2026. The Press Release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.

Various statements to be made during the conference call are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding Flywire's future operating results and financial position, Flywire's business strategy and plans, market growth, and Flywire's objectives for future operations. Flywire intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terms such as, but not limited to, "believe," "may," "will," "potentially," "estimate," "continue," "anticipate," "intend," "could," "would," "project," "target," "plan," "expect," or the negative of these terms, and similar expressions intended to identify forward-looking statements. Such forward-looking statements are based upon current expectations that involve risks, changes in circumstances, assumptions, and uncertainties. Important factors that could cause actual results to differ materially from those reflected in Flywire's forward-looking statements include, among others, Flywire's future financial performance, including its expectations regarding FX Neutral Revenue Less Ancillary Services growth, and Adjusted EBITDA margin growth and foreign exchange rates. Risks that may cause actual results to differ materially from these forward looking statements include, but are not limited to: Flywire's ability to execute its business plan and effectively manage its growth; Flywire's cross-border expansion plans and ability to expand internationally; anticipated trends, growth rates, and challenges in Flywire's business and in the markets in which Flywire operates; the sufficiency of Flywire's cash and cash equivalents to meet its liquidity needs; political, economic, foreign currency exchange rate, inflation, legal, social and health risks, that may affect Flywire's business or the global economy; Flywire's beliefs and objectives for future operations; Flywire's ability to develop and protect its brand; Flywire's ability to maintain and grow the payment volume that it processes; Flywire's ability to further attract, retain, and expand its client base; Flywire's ability to develop new solutions and services and bring them to market in a timely manner; Flywire's expectations concerning relationships with third parties, including financial institutions and strategic partners; the effects of increased competition in Flywire's markets and its ability to compete effectively; recent and future acquisitions or investments in complementary companies, products, services, or technologies; uncertainties associated with the timing and scope of future repurchases by FLYW of its common stock, including the ability to enter into, consummate, or complete the ASR, the purchase price of the shares acquired pursuant to the applicable ASR agreement, and the timing and duration of the ASR program, which may be discontinued, accelerated, suspended or delayed at any time due to various factors, including market conditions and the level of other investing activities and uses of cash; Flywire's ability to enter new client verticals, including its relatively new hospitality sector; Flywire's expectations regarding anticipated technology needs and developments and its ability to address those needs and developments with its solutions; Flywire's expectations regarding its ability to meet existing performance obligations and maintain the operability of its solutions; Flywire's expectations regarding the effects of existing and developing laws and regulations, including with respect to payments and financial services, taxation, privacy and data protection; Flywire's ability to adapt its business to changes in government policy regarding tariffs and immigration; economic and industry trends, including the risk of a global recession, projected growth, or trend analysis; the effects of global events and geopolitical conflicts, including without limitation the recent hostilities in Ukraine and involving Israel, Hamas and Iran; Flywire's ability to adapt to recommended or implemented U.S. policy changes, in particular those that impact higher education, the desire for foreign students to study in the U.S., immigration and visa policy, and changes to regulatory agencies and depth of enforcement of regulations; Flywire's ability to adapt to changes in U.S. federal income or other tax laws or the interpretation of tax laws, including the Inflation Reduction Act of 2022; and The One Big Beautiful Bill Act of 2025; Flywire's ability to attract and retain qualified employees; Flywire's ability to maintain, protect, and enhance its intellectual property; Flywire's ability to maintain the security and availability of its solutions; the increased expenses associated with being a public company; the future market price of Flywire's common stock; and other factors that are described in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of Flywire's Annual Report on Form 10-K for the year ended December 31, 2025 which are on file with the Securities and Exchange Commission (SEC) and available on the SEC's website at https://www.sec.gov/. Additional factors may be described in those sections of Flywire's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, expected to be filed in the second quarter of 2026. The information conveyed on the conference call is provided only as of the date of the conference call, and Flywire undertakes no obligation to update any forward-looking statements presented during the conference call on account of new information, future events, or otherwise, except as required by law.

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| | |
|:---|:---|
| **Item 7.01.** | **Regulation FD Disclosure.**  |

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On May 5, 2026, the Company provided an investor presentation that will be made available on the investor relations section of the Company's website at https://ir.flywire.com/. The investor presentation is furnished as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated by reference herein.

This information in this Item 7.01 of this Current Report on Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in any such filing.

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| | |
|:---|:---|
| **Item 9.01.** | **Financial Statements and Exhibits.**  |

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(d) Exhibits

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| | |
|:---|:---|
| **Exhibit**<br>**No.** | **Description** |
| 99.1 | [<u>Flywire Corporation Press Release dated May 5, 2026.</u>](flyw-ex99_1.htm) |
| 99.2 | [<u>Flywire Corporation Investor Presentation dated May 5, 2026.</u>](flyw-ex99_2.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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**SIGNATURE** 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | |
|:---|:---|
| FLYWIRE CORPORATION | FLYWIRE CORPORATION |
| By: | /s/ Cosmin Pitigoi |
| Name: | Cosmin Pitigoi |
| Title: | Chief Financial Officer |

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Dated May 5, 2026

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## Exhibit 99.1

**Exhibit 99.1**

**Flywire Reports First Quarter 2026 Financial Results** 

*First Quarter Revenue Increased 41.0% Year-over-Year*

*First Quarter Revenue Less Ancillary Services Increased 43.0% Year-over-Year*

*Previous Fiscal Year 2026 Revenue Less Ancillary Services growth guidance raised by 300 bps at midpoint, Adjusted EBITDA margin growth guidance raised by 25 bps at midpoint*

*Announces up to $50 million accelerated share repurchase (ASR) program*

**Boston, MA – May 5, 2026:** Flywire Corporation (Nasdaq: FLYW) ("Flywire" or the "Company"), a global payments enablement and software company, today reported financial results for its first quarter ended March 31, 2026.

*"We started 2026 with a strong first quarter — above expectations on revenue and adjusted EBITDA, with new client wins across all four verticals,*" said Mike Massaro, Flywire's CEO. *"The results reflect what we have been building toward: a durable, scalable business, diversified across verticals and geographies - and one that is increasingly resilient and increasingly profitable."*

**First Quarter 2026 Financial Highlights:**

GAAP Results

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●Revenue increased 41.0% to $188.1 million in the First quarter of 2026, compared to $133.5 million in the First quarter of 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●Gross Profit increased to $106.8 million, resulting in Gross Margin of 56.8%, for the First quarter of 2026, compared to Gross Profit of $80.5 million and Gross Margin of 60.3% in the First quarter of 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●Net income was $12.5 million in the First quarter of 2026, compared to net loss of ($4.2) million in the First quarter of 2025.

Key Operating Metrics and Non-GAAP Results

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●Total Payment Volume increased 36.5% to $11.4 billion in the First quarter of 2026, compared to $8.4 billion in the First quarter of 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●Revenue Less Ancillary Services increased 43.0% to $184.0 million in the First quarter of 2026, compared to $128.7 million in the First quarter of 2025. FX-Neutral Revenue Less Ancillary Services increased 37.2% year-over-year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●Adjusted Gross Profit increased to $110.5 million, up 33.9% compared to $82.5 million in the First quarter of 2025. Adjusted Gross Margin was 60.1% in the First quarter of 2026 compared to 64.1% in the First quarter of 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●Adjusted EBITDA increased 81.8% to $39.3 million in the First quarter of 2026, compared to $21.6 million in the First quarter of 2025. Adjusted EBITDA margin increased by 452 bps year-over-year to 21.4% in the First quarter of 2026.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●Repurchased approximately 0.9 million shares of our common stock for approximately $10 million (excluding commissions), with approximately $172 million remaining in the share repurchase program as of the end of the First quarter of 2026.

**Key Business Performance highlights:**

**<u>Commercial Highlights</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●**Signed over 200 new clients** across all verticals<sup>1</sup> demonstrating broad-based demand and consistent top-of-funnel conversion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●**Strategic Expansion via Inspired Education Group:** Continued to grow our partnership with one of the world's largest private K–12 education groups, accelerating expansion across premium international schools in Europe and adding new clients in Switzerland, Portugal, Latvia, and Belgium, while creating a scalable pathway for broader group-wide growth.

**<u>Product & Partner Highlights</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●**Deepening EDU Ecosystem Monetization — Partnered with Scholarship America** to embed Flywire deeper into the student financial journey — automating scholarship disbursements and replacing manual paper checks with seamless digital delivery. This expands the payment flows we own within institutions, capturing disbursement alongside tuition collection and moving Flywire closer to becoming the end-to-end financial infrastructure layer for higher education.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●**Hosted Flywire's annual U.K. higher education conference,** bringing together more than 140 senior finance and international admissions professionals from U.K. university clients to showcase how Student Financial Software (SFS) is automating the student financial journey, driving self-service, reducing manual work, and creating more predictable working capital cycles.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●**Over the past year, Flywire has embedded AI in its product development processes,** cutting weeks off development time, speeding issue fixes and decreased payment processing time by 20%. Flywire has expanded the platform with capabilities that automate custom email communications to specific groups of students, improve due date visibility, and digitize non-traditional funding sources, such as processing U.S. loan disbursements. Flywire continues to add functionality to the Collection Management component of SFS, including support for multiple account types. This will enable institutions to manage and collect on separate debts in parallel. Together, these enhancements are designed to reduce operational burden and strengthen revenue management.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●Flywire successfully **migrated its first hospitality client onto the new core Flywire travel platform.** The team is also **on track to launch a unified "Sign and Pay"** product combining Sertifi's contracting with Flywire's payment rails.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●**Workday Partnership.** Flywire has strengthened its competitive position as a leader in the education payments market by successfully certifying its integration with Workday Student. Our deep integration with Workday Student acts as a key growth catalyst by enabling higher education institutions to automate global billing and reconciliation, reducing administrative inquiries by 40% and driving market share growth within the Workday ecosystem.

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<sup>1</sup> Excludes properties added through Flywire's hospitality business (Sertifi)

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**Guidance**

"*Today we are announcing an accelerated share repurchase program of up to $50 million — the single largest capital return action in Flywire's history as a public company. The ASR program reflects our conviction in the intrinsic value of the business and our view that the current share price represents a compelling opportunity,"* said Flywire's CFO, Cosmin Pitigoi. "*Q1 performance was broad-based and exceeded expectations. Gross profit dollar growth converted into adjusted EBITDA margin expansion, demonstrating the operating leverage in this model. We are raising our full-year guidance on the back of these strong results."*

Based on information available as of May 5, 2026, Flywire anticipates the following results for the second quarter and fiscal year 2026\*.

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| | |
|:---|:---|
|  | &nbsp;&nbsp;**Fiscal Year 2026** |
| &nbsp;&nbsp;FX-Neutral Revenue Less Ancillary Services Growth | &nbsp;&nbsp;18-24% YoY |
| &nbsp;&nbsp;Adjusted EBITDA Margin Growth | &nbsp;&nbsp;+175 to 375 bps YoY |

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| | |
|:---|:---|
|  | &nbsp;&nbsp;**Second Quarter 2026** |
| &nbsp;&nbsp;FX-Neutral Revenue Less Ancillary Services Growth | &nbsp;&nbsp;18-24% YoY |
| &nbsp;&nbsp;Adjusted EBITDA Margin Growth | &nbsp;&nbsp;0 to +150 bps YoY |

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\*Flywire has not provided a quantitative reconciliation of forecasted FX-Neutral Revenue Less Ancillary Services Growth to forecasted GAAP Revenue Growth or forecasted Adjusted EBITDA Margin Growth to forecasted GAAP Net Income Margin Growth or to forecasted GAAP net income (loss) before income taxes growth within this earnings release because Flywire is unable, without making unreasonable efforts, to calculate certain reconciling items with confidence. These items include, but are not limited to, income taxes, which are directly impacted by unpredictable fluctuations in the market price of Flywire's stock and foreign currency exchange rates.

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These statements are forward-looking, and actual results may differ materially. Refer to the "Safe Harbor Statement" below for information on the factors that could cause Flywire's actual results to differ materially from these forward-looking statements.

**Conference Call**

The Company will host a conference call to discuss first quarter financial results today at 5:00 pm ET. Hosting the call will be Mike Massaro, CEO, Rob Orgel, President and COO, and Cosmin Pitigoi, CFO. The conference call can be accessed live via webcast from the Company's investor relations website at https://ir.flywire.com/. A replay will be available on the investor relations website following the call.

**Note Regarding Share Repurchase Program**

Repurchases under the Company's share repurchase program (the Repurchase Program) may be made from time to time through open market purchases, in privately negotiated transactions or by other means, including through accelerated share repurchase transactions or the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, in accordance with applicable securities laws and other restrictions, including Rule 10b-18. The timing, value and number of shares repurchased will be determined by the Company in its discretion and will be based on various factors, including an evaluation of current and future capital needs, current and forecasted cash flows, the Company's capital structure, cost of capital and prevailing stock prices, general market and economic conditions, applicable legal requirements, and compliance with covenants in the Company's credit facility that may limit share repurchases based on defined leverage ratios. The Repurchase Program does not obligate the Company to purchase a specific number of, or any, shares. The Repurchase Program does not expire and may be modified, suspended, or terminated at any time without notice at the Company's discretion.

**Key Operating Metrics and Non-GAAP Financial Measures** 

Flywire uses non-GAAP financial measures to supplement financial information presented on a GAAP basis. The Company believes that excluding certain items from its GAAP results allows management to better understand its consolidated financial performance from period to period and better project its future consolidated financial performance as forecasts are developed at a level of detail different from that used to prepare GAAP-based financial measures. Moreover, Flywire believes these non-GAAP financial measures provide its stakeholders with useful information to help them evaluate the Company's operating results by facilitating an enhanced understanding of the Company's operating performance and enabling them to make more meaningful period-to-period comparisons. There are limitations to the use of the non-GAAP financial measures presented here. Flywire's non-GAAP financial measures may not be

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comparable to similarly titled measures of other companies. Other companies, including companies in Flywire's industry, may calculate non-GAAP financial measures differently, limiting the usefulness of those measures for comparative purposes.

Flywire uses supplemental measures of its performance, which are derived from its consolidated financial information, but which are not presented in its consolidated financial statements prepared in accordance with GAAP. These non-GAAP financial measures include the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●Revenue Less Ancillary Services. Revenue Less Ancillary Services represents the Company's consolidated revenue in accordance with GAAP less (i) pass-through cost for printing and mailing services and (ii) marketing fees. The Company excludes these amounts to arrive at this supplemental non-GAAP financial measure as it views these services as ancillary to the primary services it provides to its clients.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●Adjusted Gross Profit and Adjusted Gross Margin. Adjusted gross profit represents Revenue Less Ancillary Services less cost of revenue adjusted to (i) exclude pass-through cost for printing services, (ii) offset marketing fees against costs incurred and (iii) exclude depreciation and amortization, including accelerated amortization on the impairment of customer set-up costs tied to technology integration, if applicable. Adjusted Gross Margin represents Adjusted Gross Profit divided by Revenue Less Ancillary Services. Management believes this presentation supplements the GAAP presentation of Gross Profit and Gross Margin with a useful measure of the gross profit and gross margin of the Company's payment-related services, which are the primary services it provides to its clients.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●Adjusted EBITDA. EBITDA represents our consolidated net income (loss) in accordance with GAAP adjusted to include (i) interest expense, (ii) interest income, (iii) (benefit from) provision for income taxes and (iv) depreciation and amortization. Adjusted EBITDA represents EBITDA further adjusted by excluding (a) stock-based compensation expense and related payroll taxes, (b) the impact from the change in fair value measurement for contingent consideration associated with acquisitions,(c) gain (loss) from the remeasurement of foreign currency, (d) indirect taxes related to intercompany activity, (e) acquisition related transaction costs, (f) employee retention costs, such as incentive compensation, associated with acquisition activities, (g) restructuring costs, and (h) gain (loss) from investments. Management believes that the exclusion of these amounts to calculate Adjusted EBITDA provides useful measures for period-to-period comparisons of the Company's business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●Adjusted EBITDA Margin - Adjusted EBITDA Margin represents Adjusted EBITDA divided by Revenue Less Ancillary Services. Management believes this presentation supplements the GAAP presentation of gross margin with a useful measure of the gross margin of the Company's payment-related services, which are the primary services it provides to its clients.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●FX Neutral Revenue Less Ancillary Services. FX Neutral Revenue Less Ancillary Services represents Revenue Less Ancillary Services adjusted to show presentation on a FX Neutral basis. The FX Neutral information presented is calculated by translating

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current-period results using prior-period weighted average foreign currency exchange rates. Flywire analyzes Revenue Less Ancillary Services on an FX Neutral basis to provide a comparable framework for assessing how the business performed, excluding the effect of foreign currency fluctuations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●Non-GAAP Operating Expenses - Non-GAAP Operating Expenses represents GAAP Operating Expenses adjusted by excluding (i) stock-based compensation expense and related payroll taxes, (ii) depreciation and amortization, (iii) acquisition related transaction costs, if applicable, (iv) employee retention costs, such as incentive compensation, associated with acquisition activities, (v) the impact from the change in fair value measurement for contingent consideration associated with acquisitions and (vi) restructuring costs.

These non-GAAP financial measures are not meant to be considered as indicators of performance in isolation from or as a substitute for the Company's revenue, gross profit, gross margin or net income (loss), or operating expenses prepared in accordance with GAAP and should be read only in conjunction with financial information presented on a GAAP basis. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measure are presented below. Flywire encourages you to review these reconciliations in conjunction with the presentation of the non-GAAP financial measures for each of the periods presented. In future fiscal periods, Flywire may exclude such items and may incur income and expenses similar to these excluded items.

Flywire has not provided a quantitative reconciliation of forecasted FX-Neutral Revenue Less Ancillary Services Growth to forecasted GAAP Revenue Growth or forecasted Adjusted EBITDA Margin Growth to forecasted GAAP Net Income Margin Growth or to forecasted GAAP net income (loss) before income taxes growth within this earnings release because it is unable, without making unreasonable efforts, to calculate certain reconciling items with confidence. These items include, but are not limited to, income taxes, which are directly impacted by unpredictable fluctuations in the market price of Flywire's stock and foreign currency exchange rates. For figures in this press release reported on an "FX-Neutral basis," Flywire calculates the year-over-year impact of foreign currency movements using prior period weighted average foreign currency exchange rates.

**About Flywire**

Flywire is a global payments enablement and software company. We combine our proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for our clients and their customers.

Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare, and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP

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systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges.

Flywire supports approximately 5,100\*\* clients with diverse payment methods in more than 140 currencies across more than 240 countries and territories around the world. Flywire is headquartered in Boston, MA, USA, with global offices. For more information, visit www.flywire.com. Follow Flywire on X (formerly known as Twitter), LinkedIn and Facebook.

*\*\*Excludes clients from Flywire's Sertifi and Invoiced acquisitions*

***Safe Harbor Statement***

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding Flywire's future operating results and financial position, Flywire's business strategy and plans, market growth, and Flywire's objectives for future operations. Flywire intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terms such as, but not limited to, "believe," "may," "will," "potentially," "estimate," "continue," "anticipate," "intend," "could," "would," "project," "target," "plan," "expect," or the negative of these terms, and similar expressions intended to identify forward-looking statements. Such forward-looking statements are based upon current expectations that involve risks, changes in circumstances, assumptions, and uncertainties. Important factors that could cause actual results to differ materially from those reflected in Flywire's forward-looking statements include, among others, Flywire's future financial performance, including its expectations regarding FX Neutral Revenue Less Ancillary Services growth, and Adjusted EBITDA margin growth and foreign exchange rates. Risks that may cause actual results to differ materially from these forward looking statements include, but are not limited to: Flywire's ability to execute its business plan and effectively manage its growth; Flywire's cross-border expansion plans and ability to expand internationally; anticipated trends, growth rates, and challenges in Flywire's business and in the markets in which Flywire operates; the sufficiency of Flywire's cash and cash equivalents to meet its liquidity needs; political, economic, foreign currency exchange rate, inflation, legal, social and health risks, that may affect Flywire's business or the global economy; Flywire's beliefs and objectives for future operations; Flywire's ability to develop and protect its brand; Flywire's ability to maintain and grow the payment volume that it processes; Flywire's ability to further attract, retain, and expand its client base; Flywire's ability to develop new solutions and services and bring them to market in a timely manner; Flywire's expectations concerning relationships with third parties, including financial institutions and strategic partners; the effects of increased competition in Flywire's markets and its ability to compete effectively; recent and future acquisitions or investments in complementary companies, products, services, or technologies; uncertainties associated with the timing and scope of future repurchases by FLYW of its common stock, including the ability to enter into, consummate, or complete the ASR, the purchase price of the shares acquired pursuant to the applicable ASR agreement, and the timing and duration of the ASR program, which may be discontinued, accelerated, suspended or delayed at any time due to various factors, including market conditions and the level of other investing activities and uses of cash; Flywire's ability to enter new client verticals, including its relatively new hospitality sector; Flywire's expectations regarding anticipated technology needs and developments and its ability to address those needs and developments with its solutions; Flywire's expectations regarding its

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ability to meet existing performance obligations and maintain the operability of its solutions; Flywire's expectations regarding the effects of existing and developing laws and regulations, including with respect to payments and financial services, taxation, privacy and data protection; Flywire's ability to adapt its business to changes in government policy regarding tariffs and immigration; economic and industry trends, including the risk of a global recession, projected growth, or trend analysis; the effects of global events and geopolitical conflicts, including without limitation the recent hostilities in Ukraine and involving Israel, Hamas and Iran; Flywire's ability to adapt to recommended or implemented U.S. policy changes, in particular those that impact higher education, the desire for foreign students to study in the U.S., immigration and visa policy, and changes to regulatory agencies and depth of enforcement of regulations; Flywire's ability to adapt to changes in U.S. federal income or other tax laws or the interpretation of tax laws, including the Inflation Reduction Act of 2022 and The One Big Beautiful Bill Act of 2025; Flywire's ability to attract and retain qualified employees; Flywire's ability to maintain, protect, and enhance its intellectual property; Flywire's ability to maintain the security and availability of its solutions; the increased expenses associated with being a public company; the future market price of Flywire's common stock; and other factors that are described in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of Flywire's Annual Report on Form 10-K for the year ended December 31, 2025, which is on file with the Securities and Exchange Commission (SEC) and available on the SEC's website at https://www.sec.gov/. Additional factors may be described in those sections of Flywire's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, expected to be filed in the second quarter of 2026. The information in this release is provided only as of the date of this release, and Flywire undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

**Contacts**

**Investor Relations**:

Masha Kahn

**ir@Flywire.com** 

**Media**:

Sarah King

**Media@Flywire.com** 

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| | | |
|:---|:---|:---|
| **Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)** | **Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)** | **Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)** |
| **(Unaudited) (Amounts in thousands, except share and per share amount)** | **(Unaudited) (Amounts in thousands, except share and per share amount)** | **(Unaudited) (Amounts in thousands, except share and per share amount)** |
|  | **Three Months Ended March 31,** | **Three Months Ended March 31,** |
|  | **2026** | **2025** |
| Revenue | $188112 | $133452 |
| Costs and operating expenses: |  |  |
| Payment processing services costs | 77452 | 50563 |
| Technology and development | 19432 | 16911 |
| Selling and marketing | 40493 | 36569 |
| General and administrative | 39953 | 33058 |
| Restructuring |  | 7339 |
| Total costs and operating expenses | 177330 | 144440 |
| Income (loss) from operations | $10782 | $(10988) |
| Other income (expense): |  |  |
| Interest expense | (303) | (724) |
| Interest income | 915 | 2934 |
| Gain from remeasurement of foreign currency | 3294 | 3576 |
| Gain on available-for-sale debt securities |  | 158 |
| Total other income (expense), net | 3906 | 5944 |
| Income (loss) before income taxes | 14688 | (5044) |
| Provision for (benefit from) income taxes | 2170 | (884) |
| Net income (loss) | $12518 | $(4160) |
| Foreign currency translation adjustment | (901) | 2677 |
| Unrealized losses on available-for-sale debt securities, net of taxes | (34) | (129) |
| Total other comprehensive (loss) income | $(935) | $2548 |
| Comprehensive income (loss) | $11583 | $(1612) |
| Net income (loss) attributable to common stockholders – basic and diluted | $12518 | $(4160) |
| Net income (loss) per share attributable to common stockholders – basic | $0.10 | $(0.03) |
| Net income (loss) per share attributable to common stockholders – diluted | $0.10 | $(0.03) |
| Weighted average common shares outstanding – basic | 122175684 | 123235263 |
| Weighted average common shares outstanding – diluted | 127945858 | 123235263 |

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| | | |
|:---|:---|:---|
| **Condensed Consolidated Balance Sheets** | **Condensed Consolidated Balance Sheets** | **Condensed Consolidated Balance Sheets** |
| **(Unaudited) (Amounts in thousands, except par value per share and share amounts)** | **(Unaudited) (Amounts in thousands, except par value per share and share amounts)** | **(Unaudited) (Amounts in thousands, except par value per share and share amounts)** |
|  | **March 31,** | **December 31,** |
|  | **2026** | **2025** |
| **Assets** |  |  |
| Current assets: |  |  |
| Cash and cash equivalents | $311893 | $330303 |
| Short-term investments | 13190 | 24692 |
| Accounts receivable, net | 40182 | 34776 |
| Unbilled receivables, net | 14874 | 20522 |
| Funds receivable from payment partners | 92942 | 155455 |
| Prepaid expenses and other current assets | 39268 | 36540 |
| Total current assets | 512349 | 602288 |
| Property and equipment, net | 24333 | 22125 |
| Intangible assets, net | 183152 | 189050 |
| Goodwill | 406766 | 406507 |
| Other assets | 35779 | 33343 |
| Total assets | $1162379 | $1253313 |
| **Liabilities and Stockholders' Equity** |  |  |
| Current liabilities: |  |  |
| Accounts payable | $16047 | $15298 |
| Funds payable to clients | 201379 | 310799 |
| Accrued expenses and other current liabilities | 53432 | 55715 |
| Deferred revenue | 22669 | 19951 |
| Total current liabilities | 293527 | 401763 |
| Deferred tax liabilities | 13380 | 12900 |
| Other liabilities | 3244 | 3479 |
| Total liabilities | 310151 | 418142 |
| Commitments and contingencies |  |  |
| Stockholders' equity: |  |  |
| Preferred stock, $0.0001 par value; 10,000,000 shares authorized, none issued and outstanding as of March 31, 2026 and December 31, 2025 |  |  |
| Voting common stock, $0.0001 par value; 2,000,000,000 shares authorized, 132,560,689 shares issued and 121,451,032 shares outstanding as of March 31, 2026; 130,335,519 shares issued and 120,086,090 shares outstanding as of December 31, 2025 | 13 | 13 |
| Non-voting common stock, $0.0001 par value; 10,000,000 shares authorized, 1,873,320 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively |  |  |
| Treasury voting common stock, at cost; 11,109,657 and 10,249,429 shares as of March 31, 2026 and December 31, 2025, respectively | (128125) | (118636) |
| Additional paid-in capital | 1123642 | 1108679 |
| Accumulated other comprehensive income | 1553 | 2488 |
| Accumulated deficit | (144855) | (157373) |
| Total stockholders' equity | 852228 | 835171 |
| Total liabilities and stockholders' equity | $1162379 | $1253313 |

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| | | |
|:---|:---|:---|
| **Condensed Consolidated Statement of Cash Flows** | **Condensed Consolidated Statement of Cash Flows** | **Condensed Consolidated Statement of Cash Flows** |
| **(Unaudited) (Amounts in thousands)** | **(Unaudited) (Amounts in thousands)** | **(Unaudited) (Amounts in thousands)** |
|  | **Three Months Ended March 31,** | **Three Months Ended March 31,** |
|  | **2026** | **2025** |
| **Cash flows from operating activities:** |  |  |
| Net income (loss) | $12518 | $(4160) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |
| Unrealized gain on foreign exchange rates | (4603) | (4712) |
| Depreciation and amortization | 8016 | 5502 |
| Stock-based compensation expense | 17537 | 18218 |
| Amortization of deferred contract costs | 550 | 376 |
| Change in fair value of contingent consideration | 1237 | 165 |
| Deferred tax provision | (662) | 1174 |
| Change in provision for uncollectible accounts | 147 | 28 |
| Non-cash interest income |  | (508) |
| Amortization of debt issuance costs | 99 | 46 |
| Net accretion of discounts and amortization of premiums on investments | (7) | (457) |
| Changes in operating assets and liabilities, net of acquisitions: |  |  |
| Accounts receivable | (5643) | (3623) |
| Unbilled receivables | 5692 | 4221 |
| Funds receivable from payment partners | 63663 | 26452 |
| Prepaid expenses, other current assets and other assets | (3950) | (8577) |
| Funds payable to clients | (109600) | (108992) |
| Accounts payable, accrued expenses and other current liabilities | (3156) | (5135) |
| Other liabilities | (390) | (246) |
| Deferred revenue | 2704 | (566) |
| Net cash used in operating activities | (15848) | (80794) |
| **Cash flows from investing activities:** |  |  |
| Acquisitions of businesses, net of cash acquired |  | (319835) |
| Purchase of short-term and long-term investments |  | (14795) |
| Proceeds from the maturity and sale of short-term and long-term investments | 11273 | 98712 |
| Capitalization of internally developed software | (3426) | (1310) |
| Purchases of property and equipment | (139) | (187) |
| Net cash provided by (used in) investing activities | 7708 | (237415) |
| **Cash flows from financing activities:** |  |  |
| Proceeds from issuance of revolving credit facility |  | 125000 |
| Payment of revolving credit facility |  | (65000) |
| Payments of tax withholdings for net settled equity awards | (3460) | (1676) |
| Common stock repurchased | (10031) | (49304) |
| Proceeds from the issuance of stock under Employee Stock Purchase Plan |  | 1242 |
| Proceeds from exercise of stock options | 931 | 1377 |
| Net cash (used in) provided by financing activities | (12560) | 11639 |
| Effect of exchange rates changes on cash and cash equivalents | 2290 | 1835 |
| Net change in cash and cash equivalents | (18410) | (304735) |
| Cash and cash equivalents, beginning of period | 330303 | 495242 |
| Cash and cash equivalents, end of period | $311893 | $190507 |

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\* We have revised the three months ended March 31, 2025, Condensed Consolidated Statements of Cash Flows to correct

classification errors identified and previously disclosed in our Form 10-Q during the nine month ended September 30, 2025.

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| | | |
|:---|:---|:---|
| **Reconciliation of Non-GAAP Financial Measures** | **Reconciliation of Non-GAAP Financial Measures** | **Reconciliation of Non-GAAP Financial Measures** |
| **(Unaudited) (Amounts in millions, except percentages)** | **(Unaudited) (Amounts in millions, except percentages)** | **(Unaudited) (Amounts in millions, except percentages)** |
| **Revenue Less Ancillary Services, Adjusted Gross Profit, and Adjusted Gross Margin** | **Revenue Less Ancillary Services, Adjusted Gross Profit, and Adjusted Gross Margin** | **Revenue Less Ancillary Services, Adjusted Gross Profit, and Adjusted Gross Margin** |
|  | **Three Months Ended March 31,** | **Three Months Ended March 31,** |
| **(dollars in millions)** | **2026** | **2025** |
| Revenue | $188.1 | $133.5 |
| Adjusted to exclude gross up for: |  |  |
| Pass-through cost for printing and mailing | (4.1) | (4.4) |
| Marketing fees | (0.1) | (0.3) |
| Revenue Less Ancillary Services | $184.0 | $128.7 |
| Payment processing services costs | 77.5 | 50.6 |
| Hosting and amortization costs within technology and development expenses | 3.9 | 2.4 |
| Cost of Revenue | $81.3 | $53.0 |
| Adjusted to: |  |  |
| Exclude printing and mailing costs | (4.1) | (4.4) |
| Offset marketing fees against related costs | (0.1) | (0.3) |
| Exclude depreciation and amortization | (3.7) | (2.0) |
| Adjusted Cost of Revenue | $73.4 | $46.2 |
| Gross Profit | $106.8 | $80.5 |
| Gross Margin | 56.8% | 60.3% |
| Adjusted Gross Profit | $110.5 | $82.5 |
| Adjusted Gross Margin | 60.1% | 64.1% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Revenue Less Ancillary Services Disaggregated by Revenue Type** | **Revenue Less Ancillary Services Disaggregated by Revenue Type** | **Revenue Less Ancillary Services Disaggregated by Revenue Type** | **Revenue Less Ancillary Services Disaggregated by Revenue Type** | **Revenue Less Ancillary Services Disaggregated by Revenue Type** | **Revenue Less Ancillary Services Disaggregated by Revenue Type** | **Revenue Less Ancillary Services Disaggregated by Revenue Type** |
| **(Unaudited)** |  |  |  |  |  |  |
|  | **Three Months Ended March 31, 2026** | **Three Months Ended March 31, 2026** | **Three Months Ended March 31, 2026** | **Three Months Ended March 31, 2025** | **Three Months Ended March 31, 2025** | **Three Months Ended March 31, 2025** |
| **(dollars in millions)** | **Transaction** | **Platform and other revenues** | **Revenue** | **Transaction** | **Platform and other revenues** | **Revenue** |
| Revenue | $155.2 | $32.9 | $188.1 | $108.5 | $25.0 | $133.5 |
| Adjusted to exclude gross up for: |  |  |  |  |  |  |
| Pass-through cost for printing and mailing |  | (4.1) | (4.1) |  | (4.4) | (4.4) |
| Marketing fees | (0.1) |  | (0.1) | (0.3) |  | (0.3) |
| Revenue Less Ancillary Services | $155.1 | $28.8 | $184.0 | $108.2 | $20.6 | $128.7 |
| Percentage of Revenue | 82.5% | 17.5% | 100.0% | 81.3% | 18.7% | 100.0% |
| Percentage of Revenue Less Ancillary Services | 84.3% | 15.7% | 100.0% | 84.0% | 16.0% | 100.0% |

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| | | | |
|:---|:---|:---|:---|
| **FX Neutral Revenue Less Ancillary Services** | **FX Neutral Revenue Less Ancillary Services** | **FX Neutral Revenue Less Ancillary Services** | **FX Neutral Revenue Less Ancillary Services** |
| **(Unaudited)** |  |  |  |
|  | **Three Months Ended March 31,** | **Three Months Ended March 31,** | **Growth** |
| **(dollars in millions)** | **2026** | **2025** | **Rate** |
| Revenue | $188.1 | $133.5 | 41% |
| Ancillary services | (4.2) | (4.8) |  |
| Revenue Less Ancillary Services | 184.0 | 128.7 | 43% |
| Effects of foreign currency rate fluctuations | (7.4) |  |  |
| FX Neutral Revenue Less Ancillary Services | $176.6 | $128.7 | 37% |

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| | | |
|:---|:---|:---|
| **Reconciliation of Non-GAAP Operating Expenses** | **Reconciliation of Non-GAAP Operating Expenses** | **Reconciliation of Non-GAAP Operating Expenses** |
| **(Unaudited)** |  |  |
|  | **Three Months Ended March 31,** | **Three Months Ended March 31,** |
| **(dollars in millions)** | **2026** | **2025** |
| GAAP Technology and development | $19.4 | $16.9 |
| (-) Stock-based compensation expense and related taxes | (3.3) | (3.2) |
| (-) Depreciation and amortization | (1.8) | (1.6) |
| Non-GAAP Technology and development | $14.4 | $12.1 |
| GAAP Selling and marketing | $40.5 | $36.6 |
| (-) Stock-based compensation expense and related taxes | (5.1) | (4.3) |
| (-) Depreciation and amortization | (5.3) | (3.0) |
| Non-GAAP Selling and marketing | $30.1 | $29.3 |
| GAAP General and administrative | $40.0 | $33.1 |
| (-) Stock-based compensation expense and related taxes | (9.4) | (8.4) |
| (-) Depreciation and amortization | (1.0) | (0.8) |
| (-) Acquisition related transaction costs |  | (2.5) |
| (-) Change in fair value of contingent consideration | (1.2) | (0.2) |
| Non-GAAP General and administrative | $28.3 | $21.2 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin** | **EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin** | **EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin** | **EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin** | **EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin** |
| **(Unaudited)** |  |  |  |  |
|  | **Three Months Ended March 31,** | **Three Months Ended March 31,** | **Three Months Ended March 31,** | **Three Months Ended March 31,** |
| **(dollars in millions)** | **2026** | **2026** | **2025** | **2025** |
| Net income (loss) | $| 12.5 | $| (4.2) |
| Interest expense |  | 0.3 |  | 0.7 |
| Interest income |  | (0.9) |  | (2.9) |
| Provision for (benefit from) income taxes |  | 2.2 |  | (0.9) |
| Depreciation and amortization expense |  | 8.6 |  | 5.9 |
| EBITDA |  | 22.7 |  | (1.4) |
| Stock-based compensation expense and related taxes |  | 17.8 |  | 15.9 |
| Change in fair value of contingent consideration |  | 1.2 |  | 0.2 |
| Gain from remeasurement of foreign currency |  | (3.3) |  | (3.3) |
| Gain on available-for-sale debt securities |  | 0.0 |  | (0.2) |
| Indirect taxes related to intercompany activity |  | 0.9 |  | 0.6 |
| Acquisition-related transaction costs |  | 0.0 |  | 2.5 |
| Restructuring |  | 0.0 |  | 7.3 |
| Adjusted EBITDA | $ | 39.3 | $ | 21.6 |
| Adjusted EBITDA margin |  | 21.4% |  | 16.8% |

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## Exhibit 99.2

![Slide 1](flyw-ex99_2s1.jpg)

Q1 2026 Earnings SupplementMay 5, 2026 Exhibit 99.2

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![Slide 2](flyw-ex99_2s2.jpg)

Disclosures This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts contained in this presentation, including statements regarding the outcome of the operational and portfolio reviews, the costs, cash outlays, benefits, timing and financial impacts of the actions that may be taken or transactions entered into in connection with the operational and portfolio reviews, Flywire's ability to successfully implement Flywire's business plan, future results of operations and financial position, business strategy and plans, market growth and Flywire's objectives for future operations, are forward -looking statements. The words "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "plans," "potential," "seeks," "projects," "should," "could" and "would" and similar expressions are intended to identify forward -looking statements, although not all forward-looking statements contain these identifying words. Flywire has based these forward-looking statements largely on Flywire's current expectations and projections about future events and financial trends that Flywire believes may affect Flywire's financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements are subject to a number of risks, uncertainties and assumptions that are described in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of Flywire's Annual Report on Form 10-K for the year ended December 31, 2025, which is on file with the Securities and Exchange Commission (SEC) and available on the SEC's website at www.sec.gov. Additional factors may be described in those sections of Flywire's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, expected to be filed with the SEC in the second quarter of 2026. In light of these risks, uncertainties and assumptions, the forward -looking events and circumstances discussed in this presentation may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events or performance.In addition, projections, assumptions and estimates of the future performance of the industries in which Flywire operates and the markets it serves are inherently imprecise and subject to a high degree of uncertainty and risk. All financial projections contained in this presentation are forward -looking statements and are based on Flywire's management's assessment of such matters. It is unlikely, however, that the assumptions on which Flywire has based its projections will prove to be fully correct or that the projected figures will be attained. Flywire's actual future results may differ materially from Flywire's projections, and it makes no express or implied representation or warranty as to attainability of the results reflected in these projections. Investments in Flywire's securities involve a high degree of risk and should be regarded as speculative.The information in this presentation is provided only as of May 5, 2026, and Flywire undertakes no obligation to update any forward-looking statements contained in this presentation on account of new information, future events, or otherwise, except as required by law. This presentation contains certain non-GAAP financial measures as defined by SEC rules. Flywire has provided a reconciliation of those measures to the most directly comparable GAAP measures, which is available in the Appendix. The company has not provided a quantitative reconciliation of forecasted FX-Neutral Revenue Less Ancillary Services Growth to forecasted GAAP Revenue Growth or forecasted Adjusted EBITDA Margin Growth to forecasted GAAP Net Income Margin Growth or to forecasted GAAP net income (loss) before income taxes within this presentation because Flywire is unable, without making unreasonable efforts, to calculate certain reconciling items with confidence. These items include but are not limited to income taxes which are directly impacted by unpredictable fluctuations in the market price of the company's stock and in foreign exchange rates.

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![Slide 3](flyw-ex99_2s3.jpg)

We Are Built for Complexity Where others avoided complexity in payments, we built for it. This is the basis of our differentiation. The harder the workflow, the fewer who can follow. Regulatory DepthCompliance built in across dozens of jurisdictions. Every new regulation raises the barrier to entry. Deep Software IntegrationsERPs, SIS, EHR, booking systems. Years of technical investment and integration build FLYW stickiness. Global + Local Payments Multi-currency, multi-method, multi-rail serving 240+ countries and territories. MOR and PayFac where others are unwilling to go.

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![Slide 4](flyw-ex99_2s4.jpg)

Invoice-to-Cash Automation B2B payments remain manual and inefficient at scale Flywire automates invoice-to-cash with software plus payments Long-term expansion as AR and AP workflows deepen All Tuition,One Platform Global tuition payments are fragmented and high-friction Flywire unifies all tuition — domestic and international — on one platform High-90s retention and growing share despite macro headwinds Complex, High-ValueGlobal Transactions High-value travel transactions require precision and compliance Flywire embeds directly into booking and settlement infrastructure Mission-critical once live, with strong unit economics and low churn OptimizingHospital Yield Hospital revenue cycles are broken and underdigitized Flywire connects affordability, payments & EHR in one platformpatient experience Improves yield, cash flow timing, and patient experience Serving Large, Underserved & Structurally Complex VerticalsWhere complexity creates opportunity Travel B2B Healthcare Education MassiveTAMs Long-Term Structural Growth Complexity That Generic Payment Infrastructure Can't Serve + +

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![Slide 5](flyw-ex99_2s5.jpg)

We deliver exceptional technology and client service, removing complexity soour clients improve how they get paid. Why We Win 1 2 EDU Travel B2B HC We embed into mission-critical workflows Once live, replacing Flywire often means a major systems project — webecome core financial infrastructure. SIS + ERP,high-90s retention Embedded in settlement Deep AR workflow integration EHR-integrated billing We remove complexity for our clients We absorb the global, regulatory, and workflow complexity our clientswould otherwise carry themselves. 40% fewer support inquiries ~6 hrs/week saved ARautomation gains 30% drop in staff effort We improve how clients get paid Higher completion, better conversion, more revenue recovered — measurable across every vertical. $360M+ collection uplift for clients,~90% completion Higher auth rates Fasterinvoice-to-cash +12% collections,-20% baddebt We create durable, expanding economics Clients who experience this ROI rarely leave. Software landings + payment attach compounds over time. Steady land& expand model Mission-critical once embedded Long-termERPexpansion Sticky software-led revenue 1 2 3 4

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![Slide 6](flyw-ex99_2s6.jpg)

OurFlyMates Global PaymentPlatform Industry-Leading Software Switching from Flywire = major systems overhaul Scale unlocks deeper capabilities over time Domain knowledge compounds with tenure Vertical software deeply integrated into clients'core systems Vertical expertswith in-region presence across16 countries How We Do It Three assets that are rare, difficult to replicate, and only strengthen over time Multi-rail, regulated flows across 240+ countries — built on scale and trust Can't be replicated by off the shelf tools Deep SIS, ERP, and EHR integrations MOR + PayFac capabilities Serves complex regulated payer journeys others can't True vertical experts, not generalists In -region presence globally + UNIQUE DURABLE +

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![Slide 7](flyw-ex99_2s7.jpg)

The Proof is in the Client Repeatable ROI: When we absorb complexity, our clients grow EDUCATION \| Payments Platform New Zealand THE PROBLEM Visa-critical bottleneck: manual reconciliation delayed payment receipts by days, stalling student visa applications and threatening enrollment. WHAT FLYWIRE DID Automated reconciliation + self-service receipt download, integrated directly into the student journey. 2x International enrollment growth in 24 months $265K Annual merchant& bank fees eliminated 500+ Staff hours Reclaimedper year WHY IT COMPOUNDS University now promotes Flywire across its entire recruitment ecosystem – agents, website, automated comms. THE PROBLEM No unified student financial portal — manual billing, siloed tuition and accommodation payment systems, zero student self-service. WHAT FLYWIRE DID SFS deployed with a first-of-its-kind Ellucian Banner integration, enabling multi-account ledgers and unified payment plans. 10,000 Payment plans completed post go-live 2-in-1 Tuition + accommodation in a single experience ↑ Documentedimpact on studentmental health WHY IT COMPOUNDS Greenwich co-builds with Flywire – a development partner refining features for the broader UK HE sector. Iceland & Northern Europe THE PROBLEM 7 independent travel brands spending significant staff time on manual payment intervention across a global, multi-currency client base. WHAT FLYWIRE DID Single platform with local currency payment options, automated reconciliation, and real-time transaction visibility. 80% Reduction inmanual payment intervention 7 Brandsunified onone platform ↑ Team time redirected to value creation WHY IT COMPOUNDS Efficiency advantage scales with volume – as Travel Connect grows, the operational benefit widens. EDUCATION \| Student Financial Software (SFS) United Kingdom TRAVEL \| Payments Platform

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![Slide 8](flyw-ex99_2s8.jpg)

Clients look to Flywire to solve payments complexity Local bank transfers Local card acceptance Local methods (e.g. Alipay, Wechatpay, PayPal) One provider, one integration Posting to system of record Client currency settlement Complete audit trail PAYERSelects from available payment methods FLYWIRE Flywire handles complexity so clients do not have to CLIENTDelivered in client's environment Payer identification & screening KYC, sanctions screening, custody classification across 240+ payer countries & territories Global regulatory complexity 85+ jurisdictions, licenses, tax, one Flywire compliance layer Global banking compliance Multi-rail settlement, aligned with global banking standards FX managementRate locked at payment initiation, strong hedging mechanisms ERP & systems integration Deep integrations into systems of record Matching & reconciliation Sophisticated matching tools, auto reconciliation Refunds, chargebacks, and disputes managed end-to-end Clients run their business. Flywire handles the payments complexity. Emerging methods (e.g. stablecoins) Global payer support & exception management Local language support, refund processing, and exception resolution across all rails PCI burden reduction for cards

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Q1 2026 Performance

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$188.1M revenue $12.5M\* net income 56.8% gross margin \*Q1 2026 includes a $3.3M FX gain compared to a $3.6M FX gain in Q1 2025 GAAPFinancial HighlightsQ1 2026

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Key Operating Metrics (Non-GAAP)Q1 2026 $11.4B total paymentvolume+36.5%1 YoY $110.5M adjusted gross profit33.9%1 YoY, 60.1%2 $39.3M adjusted EBITDA81.8%1 YoY, 21.4%2 $184.0M revenue less ancillary services+43.0%1 YoY 1. Represents Y-o-Y Growth as compared to Q125 2. Represents Margins as % of RLAS (Revenue Less Ancillary Services) See Appendix for reconciliation to GAAP amounts

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Q1 Actual Performance vs. Guidance: Strong Beat Across the Board Actual Guide2 Beat Q1 2026 Q1 2026 Total RLAS1 $184 $171 +$13 Y/Y RLAS Spot Growth (%) 43% 33% +1,040 bps Y/Y RLAS FxN Growth (%) 37% 28% +920 bps aEBITDA1 $39.3 $32.4 +$6.9 aEBITDA Margin expansion - YoY +452 bps +225 bps +227 bps RLAS variance toGuide Mid-Point: Beat FxN Revenue growth by ~920 bps primarily due to better than expected January education peak, as well as Travel and payment ramps in HC and B2B Reported $ Spot revenue beat by $13M Adjusted EBITDA Variance Mid-Point: Adjusted EBITDA margin was $7M ahead of the guide driven by top line beat and operational discipline 1. In US dollars millions 2.Refers to mid-point of guidance ranges, where applicable

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Coding with AI… Increase feature velocity and engineering productivity shortening development timelines Data architecture investments to drive insights and predictive/ML/AI capabilities Highly scalable support, compliance and legal functions thanks to automation initiatives Procurement - vendor consolidation of systems, new procurement policy Leaning more into digital marketing for Travel Efficient upsells through customer education tools Faster Relationship Managers (RM) ramp up/ knowledge assistants/chatbots for internal use Driving Productivity/Leverage Across All Opex Lines Opportunities to Scale 1. Measures non-GAAP operating expenses as % of revenue less ancillary services (RLAS) Technology & Development 1 General & Admin 1 Sales & Marketing 1

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Selected Customer Wins: Q1 2026 Strong New Client Wins and Expansion Across Existing Customers SIGNED SFS ACCOUNTS NEW LIVE ACCOUNTS & MAJOR EXPANSIONS

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Spotlight on Travel: The Sertifi Anniversary & Ecosystem Expansion

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Why We Win in Travel Better Economics for Merchants Faster Booking, Faster Cash Real Operational Leverage for Teams Trust & Risk Control at Checkout Uniquely Embedin Travel ERPs Optimized bank rails and FX routing outperform card-based horizontal acquirers $750K+ in merchant fee savings delivered Bookings confirmed in days, not weeks Faster revenue captureand fewer drop-offs Streamlined payments process and reduced booking to 3 days Local-currency payments with transparent FX, real-time beneficiary validation, and bank-level security Local payment methods for customers with real-time visibility for clients & staff Automated reconciliation Fewer payment inquiries and manual follow-ups ~6 hours per week saved by finance teams Integrates directly into industry-specific ERPs Finance teams work from one source of truth Flywire is close to perfect. It has delivered a great customer experience and internal efficiencies, freeing up time for my team so they can focus on designing trips that touch our clients' lives. 4 5 - Avi Lugasi Windows to Japan 1 2 3

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Built for Complex, High-Value Travel Flywire manages FX complexity, split payments, and direct reconciliation into ERPs saving businesses up to hundreds of thousands of dollars in operational costs Targeting the Highest-Value Subsectors Macro resilient, underserved segments like luxury travel, DMCs, tour operators, and accommodations Synergies from the Sertifi Acquisition (Feb '25) Flywire can monetize hospitality payment volumes, expand travel software globally, and cross-sell AR solutions to its hotel portfolio Early Innings of a Massive Travel Opportunity Travel: a large market, a differentiated platform, and most of the opportunity still ahead. From Luxury DMCs to Enterprise Hospitality Travel is Flywire's second largest vertical by revenue Trusted Across the Travel Ecosystem Destination Management Companies (DMCs) & Experiential Tour Operators Luxury Accommodations & Villa Rentals Enterprise Hospitality Brands (via Sertifi Acquisition) SELECT CLIENTS

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Hospitality TPV Accelerating QoQ Hospitality TPV Growth USD$M Q1 26 YoY(1) Growth: 120%+ Note (1): Presented on a pro forma basis to include TPV attributable to Sertifi for the pre-acquisition period of January 1, 2025 through the closing date of February 24, 2025.

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CASE STUDY THE CHALLENGE Already using Sertifi for contract workflows but neededfaster deposit collection and streamlined payment reconciliation Already using Sertifi for contracts, Marriott Austin South expanded into Flywire payments to connect contract signing directly to deposit collection—reducing friction, accelerating cash flow, and improving sales efficiency. CASE STUDY Before Flywire With Flywire Land & Expand with Marriott Austin South Contract workflows digitized, but payments remained manual and disconnected Delays between contract signature and deposit collection Continued reliance on emails and follow-ups for payments Limited visibility across contracts, payments, and reconciliation Connected contracts → payments in a single workflow Deposit turnaround improved from 2–5 days → within hours Reduced manual follow-ups and administrative burden Centralized reporting across sales and finance Faster sales cycles and improved ability to hit revenue targets EXPANSION WITH FLYWIRE Added integrated payments to existing Sertifi workflow and unified contracts, payments, and reporting in one platform We have very aggressive goals, and we have been able to hit our numbers with more ease because of Sertifi. Since requesting deposits alongside the contract, turnarounds have gone from 2-5 business days to within hours. Amy Johnson, Area Associate Director of Sales, Marriott Austin South

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2026 & Q2 Financial Outlook

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Q2 2026 Outlook 1. Flywire has not provided a quantitative reconciliation of forecasted FX Neutral revenue to GAAP revenue and Adjusted EBITDA margin to forecasted GAAP Net Income margin within this presentation because Flywire is unable, without making unreasonable efforts, to calculate certain reconciling items with confidence. These items include, but are not limited to income taxes which are directly impacted by unpredictable fluctuations in the market price of Flywire's stock and in foreign exchange rates. 2. As of 3/31/2026 exchange rates. As of May 5, 2026 FX changes vs 3/31/2026 rates were relatively immaterial FX-Neutral Revenue Less Ancillary Services Growth Adjusted EBITDA1 Margin Expansion (YoY) Total Flywire 18-24% YoY FXN 0-150 bps Estimated FX Benefit on RLAS: ~1% 2

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FY 2026 Outlook 1. Flywire has not provided a quantitative reconciliation of forecasted Adjusted EBITDA margin to forecasted GAAP Net Income margin within this presentation because Flywire is unable, without making unreasonable efforts, to calculate certain reconciling items with confidence. These items include, but are not limited to income taxes which are directly impacted by unpredictable fluctuations in the market price of Flywire's stock and in foreign exchange rates 2. As of 3/31/2026 exchange rates. As of May 5, 2026 FX changes vs 3/31/2026 rates were relatively immaterial FX-Neutral Revenue Less Ancillary Services Growth Adjusted EBITDA1 Margin Expansion (YoY) Total Flywire 18-24% YoY FXN 175-375 bps Estimated FX Benefit on RLAS: ~1.5% 2

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FY 2026 Guidance Assumptions EDU Macro Assumptions (Unchanged) Revenue Approx. 1.5% inorganic growth from Sertifi. Approx. 3-4% coming from payment processing ramps. Gross Margins Adjusted Gross Profit margin to decline 200-300 bps in FY2026 due to payment processing ramp. Excl ramp, GM % decline would be 100-200 bps for FY26, and exiting into 2027 in the normal ~100-200 bps annual range. aEBITDA (%) Improved productivity & operating leverage, supporting our ability to grow operating expenses more efficiently relative to gross profit. 2026 Guidance Context North America U.S. visas down 30%; CAN visas down 10%. Offset by new client growth & upsells to domestic payments. US education revenue to grow LSD % in 2026. CAN EDU expected to grow > 10% YoY. EMEA Assuming flat visa growth in the UK. Continued strong UK & EMEA revenue growth (at or above company average) from further market share gains. APAC Assuming flat visas in AUS, while still assuming modest LSD revenue growth. Watching tighter visa requirements for Indian students.

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Capital Allocation & Structure

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Capital Allocation Strategy Overview Organic Growth InvestmentsGeographic expansion GTM enhancement Deeper software integrations Ecosystem expansions with Strategic Payables & International Agent solutions StrategicAcquisitionsAccelerate within existing industry and / or geographies New product capability for cross-sells & upsells Enter new geographies or regions ShareBuybacks Share Repurchase Program enables purchasing when projected return exceeds our cost of equity Prudent approach in maintaining operational liquidity and financial flexibility for organic investments & strategic M&A

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Flywire's total corporate cash increased by $17M in 1Q26, supported by strong free cash flow generation whilecontinuing to incrementally return capital Flywire liquidity remains strong (1) Please see definitions and reconciliations to the comparable GAAP metrics in the appendix Q126 Cash & Liquidity Walk: >$500M Liquidity (US$M) (1) 200 12/31/25 Corporate Cash (1) 27 (10) 217 FCF (1) SBB 03/31/26 Corporate Cash (1) Credit Facility (Unfunded) 300 >500 03/31/26 Total Liquidity ~

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(125) Funding Strategic Growth: Executed M&A through disciplined mix of cash and debt, preserving liquidity and balance sheet strength. Maximizing Shareholder Returns: Deployed ~90% FCF toward SBB, guided by strict valuation discipline and market conditions. High-Conviction Buyback Expansion: Planning to launch price-sensitive Accelerated Share Repurchase (ASR) program up to $50M, reflecting management's confidence in the intrinsic value of the business. Capital Discipline Driving Shareholder Value (2024 – 2026) (1) (US$M) 558 12/31/23 Corporate Cash (1) FCF (1) M&A SBB DebtIssuance DebtPaydown Other 03/31/26 Corporate Cash (1) 150 (375) (128) 125 12 217 (1) Please see definitions and reconciliations to the comparable GAAP metrics in the appendix

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Appendix

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Revenue Less Ancillary Services and Adjusted Gross Profit Reconciliations $USD in Millions (unaudited) All dollar amounts are rounded and as a result, certain amounts may not recalculate using the rounded amounts provided.

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Revenue Less Ancillary Services Disaggregation by Revenue Type $USD in Millions (unaudited) All dollar amounts are rounded and as a result, certain amounts may not recalculate using the rounded amounts provided.

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FX Neutral Revenue Less Ancillary Services Reconciliation $USD in Millions (unaudited) All dollar amounts are rounded and as a result, certain amounts may not recalculate using the rounded amounts provided.

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Net Income (Loss) to Adjusted EBITDA Reconciliation $USD in Millions (unaudited) All dollar amounts are rounded and as a result, certain amounts may not recalculate using the rounded amounts provided.

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Non-GAAP Operating Expenses Reconciliation $USD in Millions (unaudited) All dollar amounts are rounded and as a result, certain amounts may not recalculate using the rounded amounts provided.

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Net Margin, EBITDA Margin, and Adjusted EBITDA Margin $USD in Millions (unaudited) All dollar amounts are rounded and as a result, certain amounts may not recalculate using the rounded amounts provided.

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Free Cash Flow Reconciliation $USD in Millions (unaudited) All dollar amounts are rounded and as a result, certain amounts may not recalculate using the rounded amounts provided.

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Corporate Cash Reconciliation $USD in Millions (unaudited) All dollar amounts are rounded and as a result, certain amounts may not recalculate using the rounded amounts provided.

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Non-GAAP Definitions Revenue Less Ancillary Services. Revenue Less Ancillary Services represents the Company's consolidated revenue in accordance with GAAP less (i) pass-through cost for printing and mailing services and (ii) marketing fees. Adjusted Gross Profit and Adjusted Gross Margin. Adjusted gross profit represents Revenue Less Ancillary Services less cost of revenue adjusted to (i) exclude pass-through cost for printing services, (ii) offset marketing fees against costs incurred and (iii) exclude depreciation and amortization, including accelerated amortization on the impairment of customer set-up costs tied to technology integration, if applicable. Adjusted Gross Margin represents Adjusted Gross Profit divided by Revenue Less Ancillary Services. Adjusted EBITDA. EBITDA represents our consolidated net income (loss) in accordance with GAAP adjusted to include (i) interest expense, (ii) interest income, (iii) (benefit from) provision for income taxes and (iv) depreciation and amortization. Adjusted EBITDA represents EBITDA further adjusted by excluding (a) stock-based compensation expense and related payroll taxes, (b) the impact from the change in fair value measurement for contingent consideration associated with acquisitions,(c) gain (loss) from the remeasurement of foreign currency, (d) indirect taxes related to intercompany activity, (e) acquisition related transaction costs, (f) employee retention costs, such as incentive compensation, associated with acquisition activities, (g) restructuring costs, and (h) gain (loss) from investments. Adjusted EBITDA Margin. Adjusted EBITDA Margin represents Adjusted EBITDA divided by Revenue Less Ancillary Services. FX Neutral Revenue Less Ancillary Services. FX Neutral Revenue Less Ancillary Services represents Revenue Less Ancillary Services adjusted to show presentation on a FX Neutral basis. The FX Neutral information presented is calculated by translating current-period results using prior-period weighted average foreign currency exchange rates.

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Non-GAAP Definitions Non-GAAP Operating Expenses. Non-GAAP Operating Expenses represents GAAP Operating Expenses adjusted by excluding (i) stock-based compensation expense and related payroll taxes, (ii) depreciation and amortization, (iii) acquisition related transaction costs, if applicable, (iv) employee retention costs, such as incentive compensation, associated with acquisition activities, (v) the impact from the change in fair value measurement for contingent consideration associated with acquisitions and (vi) restructuring costs. Free Cash Flow. Free Cash Flow represents the Company's net cash provided by (used in) operating activities less (i) purchases of property and equipment and (ii) capitalization of internally developed software and excluding (iii) changes in funds receivable from payment partners and (iv) changes in funds payable to clients, Corporate Cash. Corporate Cash represents the Company's (i) cash and cash equivalents, (ii) short-term investments, (iii) long-term investments, excluding (iv) funds receivable from payment partners and (v) funds payable to clients.