Remitly Global stock gains as Q2 revenue rises 20.2 percent

Published on 10/05/2026 at 17:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Remitly Global stock was trading at USD 22.87 on October 5, while Q2 revenue reached USD 495.16 million. Analysts set a Buy consensus target of USD 27.78.

RELY, US75960P1049, Illustration mit AI erstellt.

Remitly Global (ISIN US75960P1049) stock was trading at USD 22.87 on Nasdaq on October 5, 2026, up 5.05 percent from the prior close. The move follows a second-quarter performance in which revenue rose 20.2 percent year over year to USD 495.16 million, according to Remitly Global.

Revenue reaches USD 495.16 million

Remitly's Q2 2026 operating profit was USD 66.681 million, compared with USD 53.740 million in Q1 2026, while operating margin increased from 12 percent to 13 percent. Cash from operating activities reached USD 134.620 million in Q2, compared with USD 81.892 million in the prior quarter.

The company also reported Q2 net income of USD 205.9 million, including a USD 140.6 million discrete tax benefit, and adjusted EBITDA of USD 114.7 million, up 79 percent year over year, per Remitly Global. Quarterly active customers reached 10.2 million as of June 30, 2026, and second-quarter send volume increased 27 percent to USD 23.5 billion.

Growth meets a higher target

Remitly raised its fiscal 2026 revenue guidance to USD 1.978 billion to USD 1.988 billion, representing 21 percent to 22 percent growth. Adjusted EBITDA guidance was raised to USD 410 million to USD 415 million, giving the company a higher profitability bar for the second half.

The company expanded beyond consumer remittances through its September 9 partnership with Etsy. As GlobeNewswire reported, new Etsy sellers in 15 countries can choose Remitly as a payout provider. That initiative gives Remitly a business-payments angle alongside its core transfer network.

Consensus target stays above the stock

Analyst sentiment remains constructive. MarketBeat reported on October 1, 2026, that 13 analysts carried a consensus Buy rating, with an average 12-month target of USD 27.78. The target lies 21.47 percent above the USD 22.87 price.

The counterweight is execution risk: management has pointed to transaction-loss volatility and higher second-half marketing spending, factors that can pressure margins even as customer growth remains high. The next earnings date is November 4, 2026, according to Yahoo Finance.

Stock trades below its yearly high

At USD 22.87 on Nasdaq at 11:35 a.m. ET on October 5, 2026, Remitly Global had a market capitalization of USD 4.8 billion. Its 52-week range was USD 12.08 to USD 27.48, leaving the stock below its yearly high while the day's volume stood at 695,613 shares.