Remitly Global Inc reports results for the quarter ended June 30 - Earnings Summary

Remitly Global

05/08/2026 22:01

Remitly Global Inc RELY.OQ reported quarterly adjusted earnings of 93 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 3 cents.  The mean expectation of nine analysts for the quarter was for earnings of 13 cents per share. Wall Street expected results to range from 10 cents to 15 cents per share.
Revenue rose 20.2% to $495.16 million from a year ago; analysts expected $485.45 million. 
Remitly Global Inc's reported EPS for the quarter was 93 cents​.
The company reported quarterly net income of $205.91 million.
Remitly Global Inc shares had risen by 9.9% this quarter and gained 78.5% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 3% in the last three months.​ 
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the business support services peer group is also "buy" 
Wall Street's median 12-month price target for Remitly Global Inc is $28.00, about 12% above its last closing price of $24.63
This summary was machine generated from LSEG data August 5 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING
ESTIMATE 
ACTUAL
BEAT, MET, MISSED
Jun. 30 2026 
0.13
0.93
Beat
Mar. 31 2026 
0.12
0.23
Beat
Dec. 31 2025 
0.02
0.19
Beat
Sep. 30 2025 
0.02
0.04
Beat