Remitly Reports Strong Q3 2026 Results with Record Adjusted EBITDA Margin
Remitly Global, Inc. (RELY) delivered robust third-quarter 2026 financial results, characterized by a 22% year-over-year revenue increase to $509.8 million and a massive 665% surge in net income to $67.6 million. The company achieved its highest Adjusted EBITDA margin to date at 24%, driven by significant operating leverage, cost discipline, and expansion in core remittance corridors, particularly from the U.S. to Latin America. Growth was bolstered by a 25% increase in total send volume to $24.4 billion and an acceleration in international revenue, including over 150% growth in the UAE. While management provided strong full-year guidance and projected high-teens growth for 2027, they cautioned that upcoming comparisons may be tougher due to the lapsing of remittance tax impacts and regulatory measures in India.
Tickers: $RELY
Topics: customer acquisition EBITDA market expansion net income revenue growth