Remitly Global stock gains outlook support after record quarter

Published on 11/13/2026 at 00:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Remitly Global stock is in focus after the company raised its 2026 outlook following record third-quarter results. New products broaden growth.

Remitly raises outlook after strong quarter

Management lifted its 2026 revenue outlook and cited stronger operating efficiency.
Business payments and the Global Card are central to Remitly's expansion beyond consumer remittances.
Management expects more measured high-teens revenue growth in 2027 amid tougher comparisons and market uncertainty.

RELY, US75960P1049, Illustration mit AI erstellt.

Remitly Global raised its 2026 revenue outlook after reporting record third-quarter results, according to Zacks. The update was published on November 5, following the quarter ended September 30, 2026.

Revenue reached 509.8 million US dollars and exceeded the consensus estimate cited by Zacks. Earnings came in at 48 cents per share against a consensus estimate of 33 cents per share. Remitly raised its full-year revenue outlook to 1.989 billion to 1.991 billion US dollars and expects adjusted EBITDA of 441 million to 443 million US dollars.

Efficiency supports higher profitability

Adjusted EBITDA rose 97% to 120.8 million US dollars, with a record margin of about 24%. Management linked the improvement to stronger revenue, expense discipline and artificial intelligence-driven efficiencies in fraud detection, engineering and customer support.

Transaction margin dollars increased 27% to 347 million US dollars, while transaction margin reached 68%. For the fourth quarter, Remitly expects revenue of 531 million to 533 million US dollars and adjusted EBITDA of 104 million to 106 million US dollars, while warning that transaction margins could moderate against a difficult year-ago comparison.

New products broaden the growth path

Remitly Business expanded to more than 30,000 users across 26 countries, and management highlighted a platform partnership with Etsy. The Global Card is also expanding across the United States, adding domestic payments alongside international transfers.

Management expects newer businesses to contribute about 5% of revenue in 2026 and more than 10% by 2028. Active customers increased 17% to 10.3 million, while send volume rose 25% to 24.4 billion US dollars in the quarter.

2027 outlook points to slower growth

Management gave an early 2027 revenue outlook in the high-teens range, with expectations toward the lower end. Tougher comparisons, foreign-exchange volatility and geopolitical uncertainty are weighing on the planning assumptions, while adjusted EBITDA margins are expected to remain broadly consistent with 2026 levels.

Remitly's business and competitors

Remitly Global provides digital cross-border payment services in the United States, Canada and international markets through consumer remittances and related financial products. Its expanding business includes consumer transfers, business payments and the Global Card. Simply Wall St identifies DLocal, Paymentus Holdings and Shift4 Payments as competitors; based on the market capitalizations shown on that page, Remitly is a similarly sized participant alongside these payment companies rather than a small specialist.