Flywire beats Q1 estimates on Sertifi boost, reaffirms 2025 outlook

U.S. payments processor Flywire Corp. (NASDAQ: FLYW) recently reported its Q1 2025 earnings, revealing stronger-than-expected operating revenue of $128.7 million, outperforming Visible Alpha consensus expectations of $124 million, and recovering from a weaker final quarter of 2024. Transaction revenue increased to $109.6 million from $95 million in Q4 2024, while platform revenue grew 34.7% year-on-year to $20.6 million.

A key driver of growth was Sertifi, a hospitality-focused software and payments platform which Flywire acquired in February. Sertifi contributed $4.5 million in Q1 revenue and is expected to generate $38 million for the full year. The acquisition expands Flywire’s travel payments offering into new verticals, including branded and luxury hotels, and boutique stays.

Despite ongoing pressures in its education markets in the US and Canada, the company reiterated its full-year outlook. Visible Alpha consensus shows analysts expect total operating revenue of $561 million in fiscal 2025, up+18% from last year. Net income is estimated at $12 million, up from $2.9 million in 2024 and a net loss of $9 million in 2023.