Earnings ·
Remitly posts record $495.2M Q2 revenue, raises full-year outlook to $1.98B as active customers surpass 10 million
RELYRemitly Global, Inc.
Remitly Global, Inc. reported financial results for the fiscal quarter ended June 30, 2026, announcing record revenue of $495.2 million, a 20% year-over-year increase. Net income reached $205.9 million, inclusive of a $140.6 million discrete tax benefit from the U.S. valuation allowance release, while Adjusted EBITDA rose 79% to $114.7 million. The company surpassed 10 million quarterly active customers for the first time and saw send volume grow 27% to $23.5 billion. Remitly raised its full-year 2026 revenue outlook to a range of $1.978 billion to $1.988 billion, representing 21% to 22% growth, and projected third-quarter revenue between $505 million and $507 million. The company operates in the cross-border financial services industry, providing digital money transfer solutions for consumers and businesses.