Remitly Global Inc.: Beat — EPS $0.30, Revenue $509.84M
Earnings BeatQ3 2026 · After-market
Did Remitly Global Inc. (RELY) beat earnings today?
Yes, Remitly Global Inc. (RELY) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+100.00% surprise
$0.30Actual
Expected: $0.15
vs. year ago +700.0%
Total Revenue+0.51% surprise
$509.84MActual
Expected: $507.23M
vs. year ago +22.0%
Released Nov 04 · 4:05 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $509.84M | $419.49M | +22.0% |
| Net Income | $67.55M | $8.83M | +665.0% |
| Basic EPS | $0.32 | $0.04 | +700.0% |
| Diluted EPS | $0.30 | $0.04 | +650.0% |
Financial Outlook / Guidance
| Metric | Q4 2026 Outlook | FY 2026 Outlook | ||
|---|---|---|---|---|
| Guidance | Expected | Guidance | Expected | |
| Total revenue | $531M-$533M (+20-21% YoY | $531.72MIn-Line | $1.989B-$1.991B (+22% YoY | $1.99BIn-Line |
| Adjusted EBITDA | $104M-$106M | — | $441M-$443M | — |
Q4 2026 Outlook
- Total revenue
- Guidance$531M-$533M(+20-21% YoYExpected$531.72MIn-Line
- Adjusted EBITDA
- Guidance$104M-$106MExpected—
FY 2026 Outlook
- Total revenue
- Guidance$1.989B-$1.991B(+22% YoYExpected$1.99BIn-Line
- Adjusted EBITDA
- Guidance$441M-$443MExpected—
Business Highlights
- ➤Connected the financial lives of more than 50 million senders and recipients over the past year.
- ➤Continued evolving from remittances into a global financial services provider for consumers and businesses.
- ➤Shipped new features and products at an accelerated pace.
- ➤Used AI productivity tailwinds to expand capacity for investment and market-share capture.
- ➤Operates a global money movement platform spanning more than 175 countries.
- ➤Board increased share repurchase authorization by $300 million to $500 million.
- ➤Share repurchase program does not expire and may be suspended, discontinued, or modified.
- ➤Repurchase program does not obligate the company to acquire any common stock.
Management Commentary
Sebastian Gunningham, Chief Executive Officer
“We delivered another excellent quarter, with record revenue and a more than seven-fold year over year increase in net income. These results show the expanding value of our global network, which has connected the financial lives of more than 50 million senders and recipients over the past year. We’re evolving from a remittance company into a global financial services provider for people and businesses whose money crosses borders. We are shipping new features and products faster than ever, and the productivity tailwinds from AI give us the capacity to invest and capture share in the large and diverse global money movement market.”