William Blair adds Remitly Global stock to its conviction list

Published on 10/06/2026 at 01:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 20.20 percent to USD 495.16 million. For Remitly Global stock, adjusted EBITDA hit USD 114.70 million.

RELY, US75960P1049, Illustration mit AI erstellt.

Remitly Global (ISIN US75960P1049) generated USD 495.16 million in revenue in the second quarter of 2026, up 20.20 percent year over year. According to Seeking Alpha on October 1, 2026, William Blair added Remitly Global to its October conviction list.

William Blair highlights the pullback

William Blair analyst Cristopher Kennedy cited an attractive valuation after a 20.00 percent pullback from recent highs, alongside Remitly's position in a large and fragmented cross-border payments market, according to Seeking Alpha on October 1, 2026. The list covers stocks selected for high conviction over the following six months.

The operating figures explain the appeal. Remitly reported adjusted EBITDA of USD 114.70 million in the second quarter of 2026, an increase of 79.00 percent from the same quarter a year earlier, while quarterly active customers reached 10.20 million as of June 30, 2026, according to Remitly Global.

Revenue guidance sets the next test

Remitly's full-year 2026 revenue outlook stands at USD 1.978 billion to USD 1.988 billion, implying growth of 21.00 percent to 22.00 percent, according to Remitly Global. The company also reported USD 86.0 billion in trailing twelve-month send volume and more than 5,700 payment corridors as of June 30, 2026.

The growth story carries a measurable trade-off. MarketBeat reported on October 2, 2026 that management expects thinner third-quarter margins alongside higher marketing costs and potential fraud-related losses. That combination makes the next reported margin more important than revenue growth alone.

Nasdaq valuation remains below the high

On October 5, 2026, Remitly Global had a Nasdaq market capitalization of USD 4.8 billion and a 52-week range of USD 12.08 to USD 27.48. The latest Nasdaq quote was USD 22.91, which stood 16.63 percent below the USD 27.48 high.