Flywire expanded its partnership with Davidson Hospitality Group on 9 September, rolling out its payment and e-signature platform across Davidson's full hotel portfolio. Properties using the tools saw signature turnaround times drop by roughly 75% and achieved savings on processing fees within months. The deal follows a strong second quarter in which Flywire's revenue rose 27.2% year over year to $167.7 million, and total payment volume jumped 38.2% to $8.2 billion. Adjusted EBITDA climbed 44.5% to $24 million, lifting the margin to 14.6%. The company raised its full-year revenue growth guidance by 300 basis points at the midpoint. However, gross margin slipped to 53.4% from 57% a year earlier. Flywire remains unprofitable on a GAAP basis, posting a net loss of $8.1 million in the quarter.

Flywire reported second quarter results that beat analyst expectations on revenue and adjusted EBITDA. The company posted revenue of $163.8 million, up 28.5% year-on-year and 4.5% above estimates. Adjusted EBITDA came in at $24.04 million, beating forecasts by 11.4%. CEO Michael Massaro attributed the performance to broad-based growth across education, travel, and B2B payments. The company's guidance for third quarter revenue of $231 million exceeded analyst estimates of $229.1 million. During the earnings call, analysts probed management on proposed US visa regulations, business mix at $1 billion revenue, cross-sell opportunities, margin dynamics between domestic and cross-border volumes, and AI implementation costs. Flywire said its guidance assumes a prudent 30% visa decline and noted that digital transformation investments are driving productivity gains.

Flywire exceeded second-quarter expectations, with revenue less ancillary services rising 28% year-over-year to $164 million and adjusted EBITDA reaching $24 million. Transaction revenue increased 35% to $135.9 million, supported by 43% growth in transaction payment volume. Travel, hospitality, healthcare, and B2B payment-processing drove growth. The company raised its 2026 outlook to 21%–27% FX-neutral revenue growth and approximately 23% adjusted EBITDA margin at midpoint. Flywire projects more than $50 million in GAAP net income and 70%–75% free-cash-flow conversion. The company remains cautious about international education due to visa and regulatory pressures, but is diversifying geographically and expanding its Student Financial Services platform, hospitality business, and AI-driven automation initiatives.