Remitly's second quarter revenue grew 20% to $495M, beating estimates, and the company raised its full-year 2026 outlook.

Remitly Global reported second-quarter revenue of $495.2 million, up 20% year-over-year, beating analyst estimates. The company reported a significant increase in net income to $205.9 million, or $0.93 per diluted share, which included a one-time discrete tax benefit of $140.6 million. As a result of the strong performance, Remitly raised its full-year 2026 guidance for both revenue and Adjusted EBITDA.

Key Highlights

• Quarterly active customers grew 20% year-over-year to 10.2 million, surpassing the key analyst estimate of 10.1 million.
• Send volume increased 27% year-over-year to $23.5 billion, indicating strong transaction activity on the platform.
• Adjusted EBITDA rose 79% from the prior year to $114.7 million, reflecting improved operating leverage.
• The company raised its full-year 2026 revenue guidance to a range of $1.978 billion to $1.988 billion, up from prior forecasts.