Cross border payment processor Flywire (NASDAQ: FLYW) will be reporting results tomorrow afternoon. Here's what you need to know.

Flywire beat analysts' revenue expectations by 6% last quarter, reporting revenues of $114.1 million, up 20.9% year on year. It was a mixed quarter for the company, with full-year revenue guidance topping analysts' expectations.

Is Flywire a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Flywire's revenue to grow 18.2% year on year to $100.3 million, slowing from the 50.1% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at $0 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Flywire has a history of exceeding Wall Street's expectations, beating revenue estimates every single time over the past two years by 11.3% on average.

Looking at Flywire's peers in the finance and HR software segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Paylocity delivered year-on-year revenue growth of 15.8%, beating analysts' expectations by 2.1%, and Paychex reported revenues up 5.3%, in line with consensus estimates. Paylocity traded up 6.7% following the results while Paychex was down 5.7%.

Read our full analysis of Paylocity's results here and Paychex's results here.

Growth stocks have been quite volatile since the start of 2024, and while some of the finance and HR software stocks have fared somewhat better, they have not been spared, with share prices down 3.7% on average over the last month. Flywire is up 19.5% during the same time and is heading into earnings with an average analyst price target of $26.5 (compared to the current share price of $19.48).

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