Remitly Global reported record results for the third quarter 2026, delivering a significant top and bottom-line beat driven by accelerating customer acquisition and enhanced operating leverage. Revenue rose 22% year-over-year while net income increased more than seven-fold, prompting management to raise the full-year 2026 outlook.
Key Highlights
- Active customers grew to 10.3 million, a 17% year-over-year increase that substantially outperformed the 7.2 million consensus estimate.
- Send volume surged 25% to $24.4 billion, supported by 50%+ volume growth in large transfers over the last 12 months.
- Adjusted EBITDA rose 97% year-over-year to $120.8 million, reflecting a 312 basis point expansion in transaction margins due to improved network economics.