Quarterly ResultAug 5, 2026, 04:09 PM
Remitly Q2 Net Income $205.9M; Adj. EBITDA +79%; Active Customers >10M
AI Summary
Remitly Global, Inc. reported strong second quarter 2026 results, with quarterly active customers surpassing 10 million for the first time. The company achieved record revenue of $495.2 million, up 20% year over year, and Adjusted EBITDA of $114.7 million, a 79% increase. Net income was $205.9 million, benefiting from a $140.6 million discrete tax benefit. Remitly also provided a positive financial outlook for both the third quarter and the full fiscal year 2026, anticipating continued growth in revenue and Adjusted EBITDA.
Key Highlights
- Quarterly active customers surpassed 10 million for the first time, reaching 10.2 million, up 20% year over year.
- Second quarter send volume increased to $23.5 billion, up 27% year over year.
- Revenue totaled $495.2 million, up 20% year over year.
- Net income was $205.9 million, including a $140.6 million discrete tax benefit.
- Adjusted EBITDA reached $114.7 million, a 79% increase year over year.
- For fiscal year 2026, Remitly expects total revenue of $1.978 billion to $1.988 billion.
- Fiscal year 2026 Adjusted EBITDA is projected to be in the range of $410 million to $415 million.
- For Q3 2026, revenue is expected to be $505 million to $507 million.
Price Impact
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