cust.co / Compare / Q2 Holdings vs Flywire

Q2 Holdings vs Flywire - NRR head-to-head

Side-by-side Net Revenue Retention comparison sourced from SEC filings and earnings releases. Both compete in Fintech SaaS. Both at Public stage.

Q2 Holdings leads by +3pp on latest NRR (113% vs 110%).

NRR over time

105%111%117%122%128% FY2021-Q2FY-2023FY2024-Q4FY2025-Q3FY2025-Q4FY2024-Q3 NRR Q2 Holdings Flywire Q2 Holdings - FY2021-Q2: 113% Q2 Holdings - FY-2022: 110% Q2 Holdings - FY-2023: 108% Q2 Holdings - FY-2024: 109% Q2 Holdings - FY2024-Q4: 109% Q2 Holdings - FY2025-Q2: 109% Q2 Holdings - FY2025-Q3: 109% Q2 Holdings - FY-2025: 113% Q2 Holdings - FY2025-Q4: 113% Flywire - FY-2023: 125% Flywire - FY-2024: 114% Flywire - FY2024-Q4: 114% Flywire - FY-2025: 110% Flywire - FY2024-Q3: 120%

Flywire hit a higher all-time peak (125% in FY-2023).

Stat-by-stat

Metric Q2 Holdings Flywire
Latest NRR 113% 110%
All-time peak NRR 113% 125%
All-time low NRR 108% 110%
QoQ change +0pp -4pp
YoY change +4pp -15pp
3-year change - -
Disclosures tracked 9 5

Customer cohorts

MetricQ2 HoldingsFlywire
Total customers 460 5,000
Over $100K ARR - 15
Over $1M ARR - -
Top-10 concentration - -
Average ACV - -
US revenue mix - 30%

Commercial structure

MetricQ2 HoldingsFlywire
Total RPO $2.7B -
Current RPO (12mo) - -
Multi-year contracts - -
Avg contract length - -
Subscription rev mix 83.1% -
New customers added - 200

Post-sales motion

MetricQ2 HoldingsFlywire
CS team size - -
Customers per CSM - -
Pricing model hybrid hybrid
Renewal cadence multi-year annual
CSM coverage model account-named -
Top customer exec Kirk Coleman -

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