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Remitly Global

Remitly Global (RELY) Q2 2026 Earnings

Reported Aug 5, 2026 at 4:11 PM ET · SEC Source

Q2 26 EPS GAAP

$0.93

BEAT +196.27%

Est. $0.31

Includes a $140.6 million discrete tax benefit from the U.S. valuation allowance release, which contributed to a $(141,264) thousand benefit from income taxes in Q2 2026 versus $1,578 thousand provision in Q2 2025

Q2 26 Revenue

$495.2M

BEAT +1.89%

Est. $486.0M

vs S&P Since Q2 26

-3.3%

TRAILING MARKET

RELY -3.0% vs S&P +0.4%

Market Reaction

Did RELY Beat Earnings? Q2 2026 Results

Remitly Global delivered a decisive beat in the second quarter of 2026, with revenue of $495.16 million rising 20.2% year over year and clearing the $485.97 million consensus by 1.89%, while GAAP EPS of $0.93 came in well above the $0.31 analyst esti… Read more Remitly Global delivered a decisive beat in the second quarter of 2026, with revenue of $495.16 million rising 20.2% year over year and clearing the $485.97 million consensus by 1.89%, while GAAP EPS of $0.93 came in well above the $0.31 analyst estimate, a 196.27% beat. That reported EPS figure, however, reflects GAAP results that include a $140.60 million discrete tax benefit from the release of the company's U.S. Deferred tax asset valuation allowance, which produced a $141.26 million income tax benefit in the quarter versus a $1.58 million provision a year ago. Setting aside the tax item, the underlying business showed genuine operating momentum, with Adjusted EBITDA expanding 79% to $114.74 million and transaction margin widening 235 basis points to 67.4% on improved network economics. Quarterly active customers crossed 10 million for the first time, reaching 10.2 million, and the recently launched Remitly Global Card, a multi-function product targeting cross-border workers, adds a potential long-term revenue layer to the platform. Management raised its full-year 2026 revenue outlook to $1.98 billion to $1.99 billion and lifted Adjusted EBITDA guidance to $410 million to $415 million.

Key Takeaways

  • • Active customers grew 20% YoY to 10.2 million
  • • Send volume grew 27% YoY to $23.5 billion
  • • Transaction margin expanded 235 basis points YoY to 67.4%
  • • Lower transaction expenses from improved network economics
  • • Lower transaction losses as a percentage of send volume
  • • AI-driven operating efficiencies across customer support, technology, and G&A
  • • 80%+ of customers added in Q2 were new to Remitly
  • • $140.6 million discrete tax benefit from U.S. valuation allowance release boosted net income

RELY Forward Guidance & Outlook

For fiscal year 2026, Remitly raised its outlook and now expects total revenue of $1.978 billion to $1.988 billion (21-22% YoY growth), year-over-year growth in net income, and Adjusted EBITDA of $410 million to $415 million (approximately 21% Adjusted EBITDA margin). For Q3 2026, the company expects revenue of $505 million to $507 million (20-21% YoY growth) and Adjusted EBITDA of $92 million to $94 million (18-19% Adjusted EBITDA margin).

24/7 Wall St

RELY YoY Financials

Q2 2026 vs Q2 2025, source: SEC Filings

“We delivered another excellent quarter, achieving record revenue, Adjusted EBITDA, and net income, while surpassing 10 million quarterly active customers for the first time in our company's history, a direct reflection of the trust and confidence customers place in Remitly.”

— Sebastian Gunningham, Q2 2026 Earnings Press Release

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