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Finance and HR Software Stocks Q4 Results: Benchmarking Flywire (NASDAQ:FLYW)


Adam Hejl /
2022/03/29 7:48 am EDT
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Looking back on finance and HR software stocks' Q4 earnings, we examine this quarters’ best and worst performers, including Flywire (NASDAQ:FLYW) and its peers.

Organizations are constantly looking to improve organizational efficiencies, whether it is financial planning, tax management or payroll. Finance and HR software benefit from the SaaS-ification of businesses, large and small, who much prefer the flexibility of cloud-based, web-browser delivered software paid for on a subscription basis than the hassle and expense of purchasing and managing on-premise enterprise software.

The 17 finance and HR software stocks we track reported a decent Q4; on average, revenues beat analyst consensus estimates by 5.66%, while on average next quarter revenue guidance was 2.56% above consensus. Tech stocks have had a rocky start in 2022, but finance and HR software stocks held their ground better than others, with the share price up 4.92% since earnings, on average.

Flywire (NASDAQ:FLYW)

Originally created to process international tuition payments for universities, Flywire (NASDAQ:FLYW) is a cross border payments processor and software platform focusing on complex, high-value transactions like education, healthcare and B2B payments.

Flywire reported revenues of $51.3 million, up 54.6% year on year, beating analyst expectations by 24.8%. It was a strong quarter for the company, with an impressive beat of analyst estimates and a very optimistic guidance for the next quarter.

"Flywire delivered strong results in 2021, with total annual revenue increasing 53% and total annual revenue less ancillary services increasing 58% year-over-year. The demand for domestic and cross-border payments led to another strong quarter of revenue growth, backed by our success in growing existing clients, winning new clients, and expanding our channel partnerships around the world,” said Mike Massaro, CEO of Flywire.

Flywire Total Revenue

Flywire achieved the strongest analyst estimates beat and highest full year guidance raise of the whole group. The stock is up 10.2% since the results and currently trades at $28.99.

Is now the time to buy Flywire? Access our full analysis of the earnings results here, it's free.

Best Q4: Marqeta (NASDAQ:MQ)

Founded by CEO Jason Gardner in 2009, Marqeta (NASDAQ: MQ) is an innovative card issuer that provides companies with the ability to issue and process virtual, physical, and tokenized credit and debit cards.

Marqeta reported revenues of $155.4 million, up 76.2% year on year, beating analyst expectations by 12.7%. It was a strong quarter for the company, with a significant improvement in gross margin and an impressive beat of analyst estimates.

Marqeta Total Revenue

The stock is up 4.66% since the results and currently trades at $11.21.

Is now the time to buy Marqeta? Access our full analysis of the earnings results here, it's free.

Weakest Q4: Intuit (NASDAQ:INTU)

Created in 1983 when founder Scott Cook watched his wife struggle to reconcile the family's checkbook, Intuit provides tax and accounting software for small and medium-sized businesses.

Intuit reported revenues of $2.67 billion, up 69.6% year on year, missing analyst expectations by 1.65%. It was a weaker quarter for the company, with a miss of the top line analyst estimates.

Intuit had the weakest performance against analyst estimates in the group. The stock is down 2.71% since the results and currently trades at $483.

Read our full analysis of Intuit's results here.

Zuora (NYSE:ZUO)

Founded in 2007, Zuora (NYSE:ZUO) offers software as a service platform that allows companies to bill and accept payments for recurring subscription products.

Zuora reported revenues of $90.6 million, up 14.3% year on year, in line with analyst expectations. It was a decent quarter for the company, with guidance for the next year in line with analysts' expectations.

The company added 27 enterprise customers paying more than $100,000 annually to a total of 747. The stock is down 1.94% since the results and currently trades at $15.09.

Read our full, actionable report on Zuora here, it's free.

Paycor (NASDAQ:PYCR)

Found in 1990 in Cincinnati, Ohio Paycor (NASDAQ: PYCR), provides software for small businesses to manage their payroll and HR needs in one place.

Paycor reported revenues of $103 million, up 20% year on year, beating analyst expectations by 3.56%. It was a solid quarter for the company, with an improvement in gross margin and a very optimistic guidance for the next quarter.

The stock is up 12.3% since the results and currently trades at $28.16.

Read our full, actionable report on Paycor here, it's free.

The author has no position in any of the stocks mentioned