Why Are Remitly (RELY) Shares Soaring Today

Remitly (RELY) reported Q2 2026 results with record revenue, adjusted EBITDA, and net income, and raised its full-year outlook. Active customers reached 10.2 million, up 20% YoY. Adjusted EBITDA grew 79% YoY to $114.7 million, while revenue increased 20% to $495.2 million. However, net income included a one-time $140.6 million tax benefit, and the take rate may be declining.

Remitly Global (RELY) shares rose 17.4% in August, reaching a 52-week high. Q2 2026 earnings showed 27% growth in send volume to $23.5B, 20% revenue growth to $495M, and 20% active customer growth to 10.2M. Operating margin hit 13.5%. The company expects revenue to reach nearly $2B this year, with potential for 15% annual growth and expanding profit margins.

LendingTree (TREE) reported $313.4M in Q2 revenue, up 25.3% YoY but missing estimates by 0.7%. Its stock fell 22.3% post-earnings. Robinhood (HOOD) saw $1.31B in revenue, up 32.3% YoY, beating estimates by 1.8%, and its stock rose 23.8%. Coinbase (COIN) reported $1.22B in revenue, down 18.5% YoY, missing estimates by 5.9%, yet its stock rose 13.6%. Remitly (RELY) reported $495.2M in revenue, up 20.2% YoY, beating estimates by 1.8%, and its stock rose 9.9%.

Remitly Global (RELY) reported Q2 2026 results with revenue of $495.16M and net income of $205.91M. The company raised its 2026 revenue outlook to about $1.98B and guided for further net income growth, leading to analyst estimate upgrades and a rating change. The article cites 2029 targets of $2.9B revenue and $267.6M earnings.

Remitly (RELY) held its Q2 2026 earnings call, reporting record revenue and record adjusted EBITDA, both above the high end of guidance, and over 10 million quarterly active users. It said it added 5 countries to its payout network, nearly 70% of funded transfers delivered in under 20 seconds, and is a founding member of OpenUSD. It also discussed new licenses and product launches including a stablecoin wallet and Global Card.

Remitly Global (RELY) shares rose 7.7% after the company reported Q2 results. Send volume grew 27% to $23.5B, revenue rose 20% to $495.2M versus $486M consensus, and adjusted EBITDA increased 79% to $114.7M. EPS rose to $0.30. Full-year guidance was raised to $1.98B-$1.99B revenue.