Remitly Global (RELY) Q3 2026 earnings summary

Executive summary

• Record Q3 revenue was $509.8M, up 22% YoY; net income reached $67.6M, up 665%, and Adjusted EBITDA was $120.8M, up 97%.

• Send volume grew 25% to $24.4B and active customers rose 17% to 10.3M.

• Product expansion spans consumer remittances, business payments, and Global Card, supported by operating efficiencies and faster product launches.

Financial highlights

• Q3 operating income was $69.4M vs. $11.8M; net income was $67.6M vs. $8.8M.

• Transaction margin dollars rose 27% to $347.4M; transaction margin was 68.1% vs. 65.0%.

• Q3 operating cash flow was $93.0M and free cash flow was $87.8M.

• 9M revenue was $1.458B, up 22%; operating income was $189.8M and net income was $322.5M, including a $136.5M discrete tax benefit.

Outlook and guidance

• FY 2026 revenue guidance is $1.989B–$1.991B, up 22%; Adjusted EBITDA guidance is $441M–$443M, at ~22% margin.

• Q4 revenue guidance is $531M–$533M, up 20%–21%; Adjusted EBITDA guidance is $104M–$106M, at ~20% margin.

• Early FY 2027 revenue growth outlook is high teens, currently at the lower end; Adjusted EBITDA margin is expected broadly in line with FY 2026, with more normalized investment spending.

• Newer businesses are expected to grow from ~5% of revenue in 2026 to more than 10% in 2028; the long-term framework targets more than a Rule of 40 outcome through 2028.