Flywire Management
Management criteria checks 3/4
Flywire's CEO is Mike Massaro, appointed in Dec 2013, has a tenure of 11.08 years. total yearly compensation is $8.67M, comprised of 5.2% salary and 94.8% bonuses, including company stock and options. directly owns 1.15% of the company’s shares, worth €28.52M. The average tenure of the management team and the board of directors is 5.6 years and 6.9 years respectively.
Key information
Mike Massaro
Chief executive officer
US$8.7m
Total compensation
| CEO salary percentage | 5.2% |
| CEO tenure | 11.1yrs |
| CEO ownership | 1.1% |
| Management average tenure | 5.6yrs |
| Board average tenure | 6.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$20m |
| Jun 30 2024 | n/a | n/a | -US$8m |
| Mar 31 2024 | n/a | n/a | -US$11m |
| Dec 31 2023 | US$9m | US$450k | -US$9m |
| Sep 30 2023 | n/a | n/a | -US$11m |
| Jun 30 2023 | n/a | n/a | -US$26m |
| Mar 31 2023 | n/a | n/a | -US$33m |
| Dec 31 2022 | US$7m | US$450k | -US$39m |
| Sep 30 2022 | n/a | n/a | -US$49m |
| Jun 30 2022 | n/a | n/a | -US$35m |
| Mar 31 2022 | n/a | n/a | -US$30m |
| Dec 31 2021 | US$5m | US$450k | -US$28m |
| Sep 30 2021 | n/a | n/a | -US$21m |
| Jun 30 2021 | n/a | n/a | -US$30m |
| Mar 31 2021 | n/a | n/a | -US$23m |
| Dec 31 2020 | US$624k | US$425k | -US$11m |
Compensation vs Market: Mike's total compensation ($USD8.67M) is above average for companies of similar size in the German market ($USD1.89M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
CEO
Mike Massaro (45 yo)
11.1yrs
Tenure
US$8,673,572
Compensation
Mr. Michael Massaro, also known as Mike, serves as Chief Executive Officer and Director of Flywire Corporation since December 2013. He served as Vice President, Sales and Business Development at Flywire Co...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 11.1yrs | US$8.67m | 1.15% € 28.5m | |
| President & COO | 5.2yrs | US$4.68m | 0.11% € 2.7m | |
| Chief Technology Officer | 5.6yrs | US$3.74m | 0.51% € 12.6m | |
| General Counsel & Chief Compliance Officer | 9.8yrs | US$2.42m | 0.10% € 2.5m | |
| CFO and Principal Financial & Accounting Officer | less than a year | no data | no data | |
| CIO, CISO & Head of Internal Audit | 2yrs | no data | no data | |
| Vice President of Financial Planning & Analysis and Investor Relations | no data | no data | no data | |
| Chief Marketing Officer | no data | no data | no data | |
| Senior Vice President of Business Operations & Corporate Development | no data | no data | no data | |
| Chief People Officer | 3.7yrs | no data | no data | |
| Executive Vice President of Global Education | 8.7yrs | US$2.34m | 0.27% € 6.7m | |
| Executive Vice President of Healthcare | 7yrs | no data | no data |
5.6yrs
Average Tenure
55yo
Average Age
Experienced Management: 9E2's management team is seasoned and experienced (5.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 11.1yrs | US$8.67m | 1.15% € 28.5m | |
| Independent Director | 10yrs | no data | 0% € 0 | |
| Independent Chairman of the Board | 11.4yrs | US$257.99k | 0.17% € 4.1m | |
| Independent Director | 3.8yrs | US$233.99k | 0% € 0 | |
| Independent Director | 14yrs | US$200.82k | 0.19% € 4.6m | |
| Independent Director | 2yrs | US$565.99k | 0.0083% € 206.0k | |
| Director | less than a year | no data | no data | |
| Independent Director | 1.3yrs | US$361.57k | no data |
6.9yrs
Average Tenure
51yo
Average Age
Experienced Board: 9E2's board of directors are considered experienced (6.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 13:59 |
| End of Day Share Price | 2024/11/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Flywire Corporation is covered by 22 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jason Kupferberg | BofA Global Research |
| Harold Goetsch | B. Riley Securities, Inc. |
| Andrew Harte | BTIG |