Remitly Global, Inc. (RELY) Earnings
Remitly Global, Inc. is expected to report next earnings on August 5, 2026 (in NaN days), with a consensus EPS estimate of $0.13. RELY has beaten EPS estimates in 9 of its last 12 reported quarters (average surprise +273.8% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 6, 2026 | $0.12 | $0.23 | +91.7% | $453M | +3.2% |
| Feb 18, 2026 | $0.02 | $0.19 | +856.0% | $442M | +2.8% |
| Nov 5, 2025 | $0.18 | $0.04 | -77.4% | $419M | +1.4% |
| May 7, 2025 | $-0.04 | $0.05 | +225.0% | $362M | +4.1% |
| Feb 19, 2025 | $-0.07 | $-0.03 | +57.1% | $352M | +2.4% |
| Jul 31, 2024 | $-0.10 | $-0.06 | +40.0% | $306M | -4.4% |
| May 1, 2024 | $-0.14 | $-0.11 | +21.4% | $269M | -1.8% |
| Feb 21, 2024 | $-0.17 | $-0.19 | -11.8% | $265M | +1.3% |
| Nov 1, 2023 | $-0.17 | $-0.20 | -17.6% | $242M | +1.0% |
| Aug 2, 2023 | $-0.17 | $-0.11 | +35.3% | $234M | +8.4% |
| May 3, 2023 | $-0.18 | $-0.16 | +11.1% | $204M | -5.5% |
| Feb 22, 2023 | $-0.21 | $-0.11 | +47.6% | $191M | -1.9% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 6, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• Sebastian shared Q1 was an exceptional quarter with record revenue and adjusted EBITDA above guidance ranges. • He discussed his first 90 days as CEO, focusing on understanding the business, making people, product, and operational changes. • Emphasized the company's vision, customers served, focus on cost, speed, and trust won't change but pace of execution can. • Presented a four-by-four matrix for customer categories and product offerings. • Provided updates on CoreSend, high-value senders, business offering, receiver strategy, and borrow/spend/save initiatives. • Discussed benefits of AI including cost, speed, and trust benefits. • Vikas detailed first quarter results, revenue growth drivers, performance of growth accelerators, RLTE, expense categories, adjusted EBITDA, free cash flow, and outlook for Q2 and full year.
Guidance
• For Q2 2026, expect revenue of $483 to $485 million, 17 to 18% growth. • Send volume growth to exceed revenue growth and revenue growth in line with quarterly active customer growth. • For full year 2026, expect revenue between $1.96 and $1.975 billion, 20 to 21% growth. • Q2 adjusted EBITDA expected between $86 and $88 million, adjusted EBITDA margin around 18%. • Full year adjusted EBITDA expected between $370 and $385 million, margin around 19%.
Segment performance
First quarter revenue was $453 million, up 25% year-over-year. Send volume grew 37% to $22.1 billion. Adjusted EBITDA was $102 million. CoreSend comprises the vast majority of revenue. Growth accelerators include high-value senders, business, receivers, and borrow/spend/save. Revenue from borrow/spend/save offerings more than doubled in Q1. High value senders volume grew 73% year over year. Remitly business had over 20,000 users and over 30% quarter-over-quarter growth in business send volume. Receiver product launched enabling access to over 30 million individuals and businesses receiving funds from Remitly senders but not yet Remitly customers. Revenue from borrow/spend/save offerings more than doubled in Q1.
Analyst Q&A
Q: Tsien Tsien Huang asked about upside factors in Q1, second quarter and balance of the year, seasonal trendings and new risks.
A: Vikas said Q1 was exceptional with positive impact from remittance tax, shift from offline to online customers, higher U.S. tax refunds, holiday timing, and geopolitical events in UAE. Q2 and second half driven by core business strength and growth accelerators.
Q: Ramzi El-Assal asked about M&A approach and 1% cash remittance tax impact.
A: Vikas said analyzing acquisitions for growth vectors, no obvious core business acquisitions yet, and 1% tax impact likely to continue.
Q: Darren Peller asked about growth accelerators vs prior expectations and go to market for high value senders and business.
A: Vikas said high-value senders and business overachieved plans, dedicated teams for them, different go-to-market for business.
Q: Chris Kennedy asked about business initiative ramp relative to high-value send initiative.
A: Vikas said high-value sender is extension of core, business is different customer, similar growth ramp but different go-to-market.
Q: Aditya Butavarapu asked about wallet and card rollout and rationale.
A: Vikas said send-now-pay-later with card has strong signals, U.S.-focused first, ambition to go global.
Q: David Scharf asked about mix with high value senders and impact on geographic mix and loss rates.
A: Vikas said excited about high-value senders, global availability, strong performance, and targeted marketing.
Q: Zoe Dan asked about CHAP-GPP financial consideration and WhatsApp expansion.
A: Vikas said early days with ChatGPT, WhatsApp integration allows customer interaction, early experiments with good signals