Remitly Global (RELY) Q1 2026 Earnings
Reported May 6, 2026 at 4:20 PM ET · SEC Source
Q1 26 EPS
$0.23
MISS 21.07%
Est. $0.29
Q1 26 Revenue
$452.8M
BEAT +3.18%
Est. $438.9M
vs S&P Since Q1 26
-5.9%
TRAILING MARKET
RELY -3.8% vs S&P +2.1%
Market Reaction
Did RELY Beat Earnings? Q1 2026 Results
Remitly Global posted a mixed but broadly encouraging first quarter for fiscal 2026, beating on revenue while falling short on the bottom line. The digital remittance company reported Q1 revenue of $452.80 million, topping the $438.86 million consens… Read more Remitly Global posted a mixed but broadly encouraging first quarter for fiscal 2026, beating on revenue while falling short on the bottom line. The digital remittance company reported Q1 revenue of $452.80 million, topping the $438.86 million consensus by 3.18% and marking 25.2% growth year over year, yet earnings per share of $0.23 trailed the $0.29 consensus estimate by 21.07%, partly reflecting $11.54 million in restructuring charges tied to workforce optimization. The standout driver beneath the headline numbers was a dramatic expansion in profitability metrics, with Adjusted EBITDA climbing 74% year over year to $101.55 million and the Adjusted EBITDA margin widening to 22.4% from 16.2% a year ago, as AI-driven automation and broad-based expense discipline pushed improvements across every major cost category. High Value Senders, those transacting $5,000 or more, grew volume 73% year over year, signaling meaningful mix improvement. Management raised its full-year 2026 revenue outlook to $1.96 billion to $1.98 billion and guided Q2 revenue to $483 million to $485 million, projecting continued profitable growth as the company broadens into adjacent financial services.
Key Takeaways
- • Active customers grew 20% YoY to 9.6 million
- • Send volume increased 37% YoY to $22.1 billion
- • High Value Senders ($5K+) volume grew 73% YoY with 220 basis point increase in volume mix
- • Revenue less transaction expenses improved 156 basis points as percentage of revenue
- • AI-driven efficiencies and headcount rationalization drove operating leverage across all expense categories
- • Constant currency revenue growth of 22% (currency fluctuations contributed approximately $11.4 million)
- • Adjusted EBITDA margin expanded to 22.4% from 16.2% in Q1 2025
RELY Forward Guidance & Outlook
For fiscal year 2026, Remitly raised its outlook and currently expects total revenue of $1.960 billion to $1.975 billion (20-21% YoY growth), year-over-year growth in net income, and Adjusted EBITDA of $370 million to $385 million. For Q2 2026, the company expects total revenue of $483 million to $485 million (17-18% YoY growth) and Adjusted EBITDA of $86 million to $88 million.
RELY YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
“We delivered an exceptional Q1, achieving record revenue and Adjusted EBITDA. Outperformance across key corridors and an increasing pace of product innovation are contributing to strong momentum in the business. The accelerated growth in quarterly active users is evidence of the continued trust and confidence customers place in Remitly. At the same time, disciplined cost management, scale benefits, and AI-driven efficiencies are delivering strong operating leverage.”
— Sebastian Gunningham, Q1 2026 Earnings Press Release
RELY Earnings Trends
RELY vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
RELY EPS Trend
Earnings per share: estimate vs actual
RELY Revenue Trend
Quarterly revenue: estimate vs actual
RELY Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $0.29 | $0.23 | -21.07% | $452.8M | +3.18% |
| Q4 25 BEAT FY | $0.16 | $0.19 | +20.56% | $442.2M | +3.49% |
| FY Full Year | — | $0.31 | — | $1.64B | — |
| Q3 25 MISS | $0.18 | $0.04 | -77.40% | $419.5M | +1.39% |
| Q2 25 MISS | $0.18 | $0.03 | -83.67% | $411.9M | +7.13% |