Remitly Global
Moves money across borders and extends the same network into business payments and financial accounts.
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Profile
Provides digital cross-border transfers for consumers and small businesses, with newer wallet, card, credit, and membership services built on the same platform. The substantial majority of revenue comes from transaction fees and foreign-exchange spreads, while delivery relies on regulated payment and disbursement partners.
Enables consumers to send money across borders through its mobile app, website, and messaging services, with recipients paid into bank accounts or mobile wallets or through cash pickup. International Money Transfer remains the core offering, while Remitly Business serves small and midsize businesses and Remitly One and the Remitly Global Card add wallet, spending, saving, credit, and membership features.
Routes transfers across more than 175 countries through direct integrations and a broader network of payment processors, banks, aggregators, mobile wallets, and cash-pickup partners. Direct integrations reduce reliance on intermediaries and support faster, more consistent delivery. The substantial majority of revenue still comes from transaction fees and foreign-exchange spreads on global money movement.
Operates as one operating segment. Service availability and delivery depend on money-transmission and payment licenses, anti-money-laundering controls, secure technology, and third-party payment and disbursement partners.
Company facts
Categories
Key statistics
Year to date +101% · Average volume (30d) 3.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 25, 2026 | Wolfe Research | Reiterate | Outperform | $31 | $32 |
| Aug 10, 2026 | Cantor Fitzgerald | Reiterate | Overweight | $24 | $30 |
| Aug 6, 2026 | KeyBanc | Reiterate | Overweight | $23 | $33 |
| Aug 6, 2026 | Wolfe Research | Reiterate | Outperform | $25 | $31 |
| May 7, 2026 | Goldman Sachs | Target | $17 | $27 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.12 | $0.93 | +651.2% | $486.3M | $495.2M | +1.8% | +7.73% |
| May 6, 2026Q1 FY26 | $0.12 | $0.23 | +91.7% | $438.9M | $452.8M | +3.2% | −3.96% |
| Feb 18, 2026Q4 FY25 | $0.16 | $0.19 | +20.6% | $427.4M | $442.2M | +3.5% | +25.94% |
| Nov 5, 2025Q3 FY25 | $0.18 | $0.04 | −77.4% | $413.7M | $419.5M | +1.4% | −25.12% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $361.6M | $411.9M | $419.5M | $442.2M | $452.8M | $495.2M | |
| Gross profit | $217.7M | $243.0M | $246.4M | $263.6M | $268.7M | $307.3M | |
| Operating income | $12.2M | $14.6M | $11.8M | $39.1M | $65.3M | $66.7M | |
| Net income | $11.4M | $6.5M | $8.8M | $41.2M | $49.1M | $205.9M | |
| Diluted EPS | $0.05 | $0.03 | $0.04 | $0.19 | $0.23 | $0.93 | |
| Gross margin | 60.2% | 59.0% | 58.7% | 59.6% | 59.3% | 62.1% | |
| Operating margin | 3.4% | 3.6% | 2.8% | 8.8% | 14.4% | 13.5% |
Fiscal years (4-quarter sums)FY21 $458.6M · FY22 $653.6M · FY23 $944.3M · FY24 $1.26B · FY25 $1.64B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $676.4M · Total debt $38.3M · Total assets $1.57B · Shareholders' equity $1.13B
Dividends
No dividends on record.
Ownership
Shares outstanding 210.56M · Float 185.70M · 88.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| PayU Fintech Investments B.V. | 25.44M | 12.30% | 13G | Aug 11, 2025 |
| FMR LLC | 21.76M | 10.34% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 18.33M | 8.70% | 13F | Aug 7, 2026 |
| Eric Bannasch | 13.90M | 7.00% | 13G | Nov 13, 2024 |
| MIH Fintech Investments B.V. | 13.44M | 6.40% | 13G | Apr 23, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | Vikas D. Mehta | officer: Chief Financial Officer | −25,000 | $26.15 |
| Aug 24, 2026 | Nigel W. Morris | director | −16,751 | $26.56 |
| Aug 18, 2026 | Nigel W. Morris | director | −3,249 | $26.53 |
| Aug 17, 2026 | Nigel W. Morris | director | −20,000 | $26.26 |
| Aug 14, 2026 | Nigel W. Morris | director | −20,000 | $26.20 |
Peers
- Western Union
Global retail and digital remittance network with broad payout reach
- Euronet Worldwide
Ria, Xe, and Dandelion create omnichannel payout pressure
- PayPal
Xoom and PayPal wallets contest digital cross-border sends
- International Money Express
Latin America remittance specialist still trading pre-merger
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Remitly Global | $26.87 | +1.17% | $5.59B | 19.1 | 30.8 | 3.1 | +20.2% |
| Western Union | $7.25 | +0.21% | $2.26B | 5.9 | 5.0 | 0.6 | −1.3% |
| Euronet Worldwide | $69.95 | −0.03% | $2.66B | 11.0 | 6.3 | 0.6 | +3.2% |
| PayPal | $53.74 | +0.15% | $45.90B | 10.1 | 9.7 | 1.3 | +4.8% |
| International Money Express | $14.47 | −0.07% | $435.5M | 23.1 | 14.8 | 1.0 | −18.6% |
| Median | 10.6 | 8.0 | 0.8 | +1.0% |