Flywire (Flywire) Gross Margin %

: 63.42% (As of Dec. 2023)

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Gross Margin % is calculated as gross profit divided by its revenue. Flywire's Gross Profit for the three months ended in Dec. 2023 was $63.8 Mil. Flywire's Revenue for the three months ended in Dec. 2023 was $100.5 Mil. Therefore, Flywire's Gross Margin % for the quarter that ended in Dec. 2023 was 63.42%.

The historical rank and industry rank for Flywire's Gross Margin % or its related term are showing as below:

FLYW' s Gross Margin % Range Over the Past 10 Years
Min: 61.31 Med: 63.45 Max: 65.1
Current: 63.45

During the past 5 years, the highest Gross Margin % of Flywire was 65.10%. The lowest was 61.31%. And the median was 63.45%.

FLYW's Gross Margin % is ranked better than
71.77% of 2628 companies
in the Software industry
Industry Median: 41.685 vs FLYW: 63.45

Flywire had a gross margin of 63.42% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Flywire was 0.00% per year.

Flywire Gross Margin % Historical Data

The historical data trend for Flywire's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Flywire Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

61.31

63.72

65.10

62.70

63.45

Flywire Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %													59.50	64.12	60.17	65.21	63.42

Competitive Comparison

For the Software - Infrastructure subindustry, Flywire's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Flywire Gross Margin % Distribution

For the Software industry and Technology sector, Flywire's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Flywire's Gross Margin % falls into.

Flywire Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Flywire's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	255.8	/	403.094
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(403.094 - 147.339)	/	403.094
	=	63.45 %

Flywire's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	63.8	/	100.545
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(100.545 - 36.78)	/	100.545
	=	63.42 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Flywire (NAS:FLYW) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Flywire had a gross margin of 63.42% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Flywire Gross Margin % Related Terms

Thank you for viewing the detailed overview of Flywire's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Flywire (Flywire) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Flywire Corp (NAS:FLYW) » Definitions » Gross Margin %

Comparable Companies

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Traded in Other Exchanges

9E2:Germany

Address

141 Tremont Street, Suite 10, Boston, MA, USA, 02111

Website

https://www.flywire.com

Flywire Corp provides a secure global payments platform, offering its clients an innovative and streamlined process to receive reconciled domestic and international payments in a more cost-effective and efficient manner. The company's solutions are built on three core elements namely a payments platform; a proprietary global payment network and vertical-specific software backed by its deep industry expertise. Geographically, the majority of revenue is from the Americas.

Executives

Michael G Ellis	officer: Chief Financial Officer	C/O FLYWIRE CORPORATION, 141 TREMONT STREET, SUITE 10, BOSTON MA 02111
Peter Butterfield	officer: General Counsel and CCO	C/O FLYWIRE CORPORATION, 141 TREMONT STREET, SUITE 10, BOSTON MA 02111
Rob Orgel	officer: President and COO	C/O FLYWIRE CORPORATION, 141 TREMONT STREET, SUITE 10, BOSTON MA 02111
Michael Massaro	director, officer: Chief Executive Officer	C/O FLYWIRE CORPORATION, 141 TREMONT STREET, SUITE 10, BOSTON MA 02111
David R. King	officer: Chief Technology Officer	C/O FLYWIRE CORPORATION, 141 TREMONT STREET, SUITE 10, BOSTON MA 02111
Gretchen Howard	director	707 MENLO AVENUE, SUITE 110, MENLO PARK CA 94025
Matthew C Harris	director, 10 percent owner	1 BANK STREET, 2ND FLOOR, WILLIAMSTOWN MA 01267
Edwin J Santos	director	234 MOURNING DOVE DRIVE, SAUNDERSTOWN RI 02874
Bain Capital Venture Investors, Llc	10 percent owner	200 CLARENDON STREET, BOSTON MA 02116
Bain Capital Venture Coinvestment Fund Ii, L.p.	10 percent owner	200 CLARENDON STREET, BOSTON MA 02116
Enrique T Salem	10 percent owner	SYMANTEC CORPORATION, 20330 STEVENS CREEK BLVD., CUPERTINO CA 95014
Ajay Agarwal	10 percent owner	C/O BAIN CAPITAL VENTURE INVESTORS, LLC, 200 CLARENDON STREET, BOSTON MA 02116
Alex Finkelstein	director, 10 percent owner	C/O WAYFAIR INC, 4 COPLEY PLACE, 7TH FLOOR, BOSTON MA 02116
Phillip John Riese	director	2851 WEST KATHLEEN ROAD, PHOENIX AZ 85053
Diane E Offereins	director	2500 LAKE COOK ROAD, RIVERWOODS IL 60015