Remitly Global, Inc.

Remitly Global, Inc. reported exceptionally strong second-quarter 2026 financial results, with net income soaring to $205.9 million, or $0.93 diluted EPS, primarily driven by a significant income tax benefit. Revenue increased by over 20% to $495.2 million. The company also demonstrated robust operational performance, with income from operations rising significantly, and reduced its long-term debt to zero while repurchasing common stock.

Remitly Global, Inc. reported strong second-quarter 2026 financial results, with revenue increasing 20% year-over-year to $495.2 million and Adjusted EBITDA surging 79% to $114.7 million. The company achieved a record net income of $205.9 million, which included a $140.6 million discrete tax benefit. Remitly also surpassed 10 million quarterly active customers and raised its full-year 2026 revenue and Adjusted EBITDA outlook, reflecting confidence in its growth strategy and AI-driven operating efficiencies.

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.

Remitly Global, Inc. has introduced the Remitly Global Card, a new financial product designed for individuals with cross-border financial lives. This card integrates remittance services with everyday banking features, allowing users to get paid, spend, save, and send money home from a single account. Key benefits include preferred FX rates, no-fee spending, the ability to hold funds in fiat or USDC, instant transfers between cardholders, and access to credit through a membership plan. The card aims to provide frictionless financial access to underbanked communities and global nomads, with a phased rollout beginning in the U.S. and select international markets, and planned expansion to the UK, Europe, and other regions.

Remitly Global, Inc. announced that it will report its second quarter financial results after the market closes on Wednesday, August 5, 2026. Following the release, management will host a conference call and live webcast at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to discuss the results and answer questions. Details for accessing the conference call and webcast are available on the company's investor relations website.

Remitly Global, Inc. has secured a Stored Value Facilities (SVF) license with Exchange Business Category IV from the Central Bank of the UAE. This authorization marks a significant milestone in one of the world's largest remittance markets, allowing Remitly to extend its regulated global footprint and introduce new products for UAE customers. The move supports the UAE's vision to become a global fintech leader and strengthens Remitly's position for long-term growth in the region.

Ankur Sinha, Remitly Global's Chief Product and Technology Officer, has resigned from his role, effective June 19, 2026. The company stated that his departure was not due to any disagreements concerning its financial reporting or accounting practices.

Remitly Global, Inc. announced that its management team, including CEO Sebastian Gunningham and CFO Vikas Mehta, will present at five upcoming investor conferences in May and June 2026. These events include a virtual webinar with Cantor, the J.P. Morgan Global Technology, Media and Communications Conference, the Bernstein Strategic Decisions Conference, and two Bank of America conferences. Webcasts and replays of select presentations will be available on Remitly's investor relations website.

Remitly Global reported robust financial results for the first quarter of 2026, with revenue increasing 25.2% to $452.8 million and net income soaring 332.1% to $49.1 million. The company also demonstrated strong capital management by repurchasing $44.2 million of its common stock and fully repaying $155.0 million in revolving credit facility borrowings, resulting in no outstanding debt under the facility as of quarter-end.

Remitly Global, Inc. reported record first-quarter 2026 financial results, with revenue increasing 25% year-over-year to $452.8 million and net income surging 332% to $49.1 million. The company also achieved record Adjusted EBITDA of $101.6 million, up 74% year-over-year, driven by strong customer growth and operational efficiencies. Following this strong performance, Remitly raised its full-year 2026 financial outlook.