| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 495.16 | 9.4% | 20.2% |
| Total Income | 495.16 | 9.4% | 20.2% |
| Expenditure | 428.48 | 7.4% | 7.9% |
| PBT | 64.64 | 24.1% | 697.0% |
| Net Profit | 205.91 | 319.8% | 3048.5% |
| OPM | 13.47% | 1.60pp | 9.91pp |
| NPM | 41.58% | 30.75pp | 40.00pp |
| EPS | 0.98 | 326.1% | 3166.7% |
Remitly Reports Record Second Quarter Results and Raises Full Year 2026 Outlook
06 Aug 2026 · 6 Aug, 1:51 am
Summary
Remitly Global, Inc. announced record-breaking results for the second quarter of 2026, with revenue reaching $495.2 million, up 20% year-over-year, and send volume increasing by 27% to $23.5 billion. The company also surpassed 10 million quarterly active customers for the first time. Net income for the quarter was $205.9 million, boosted by a discrete tax benefit, while Adjusted EBITDA surged 79% year-over-year to $114.7 million. Building on this strong performance, Remitly raised its full-year 2026 outlook, now expecting revenue between $1.978 billion and $1.988 billion and Adjusted EBITDA between $410 million and $415 million.
Key Highlights
- 1
Remitly reported record revenue for the second quarter of 2026, totaling $495.2 million, a 20% increase year-over-year.
- 2
Second quarter send volume grew by 27% year-over-year to $23.5 billion.
- 3
Quarterly active customers surpassed 10 million for the first time, reaching 10.2 million, a 20% increase year-over-year.
- 4
Net income for the second quarter was $205.9 million, which included a $140.6 million discrete tax benefit.
- 5
Adjusted EBITDA for the second quarter was $114.7 million, an increase of 79% year-over-year.
- 6
The company raised its full-year 2026 revenue outlook to a range of $1.978 billion to $1.988 billion, representing 21% to 22% year-over-year growth.
- 7
Full-year 2026 Adjusted EBITDA is expected to be in the range of $410 million to $415 million.
Management Comments
Sebastian Gunningham
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. Our results reflect the compounding advantages of a global network, a strategy that resonates with customers, and rigorous cost discipline. AI-driven operating efficiencies are creating additional capacity to invest in growth while improving margins, giving us more confidence in the opportunities ahead.
Vikas Mehta
2Q — Excellent results across the board. Operating leverage drove strong growth in Net Income, and Adj. EBITDA.
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