Remitly Global (RELY) to Announce Earnings on Wednesday

Remitly Global (NASDAQ:RELY) is anticipated to announce its Q2 2026 results after the market closes on Wednesday, August 5th. Analysts expect Remitly Global to post earnings of $0.1288 per share and revenue of $485.8730 million for the quarter. Investors may review the information on the company’s upcoming Q2 2026 earning results page for the latest details on the call scheduled for Wednesday, August 5, 2026 at 5:00 PM ET.

Remitly Global (NASDAQ:RELY) last released its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.11. The company had revenue of $452.80 million during the quarter, compared to analysts’ expectations of $438.94 million. Remitly Global had a return on equity of 12.90% and a net margin of 6.12%.Remitly Global’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 EPS. On average, analysts expect Remitly Global to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Remitly Global Trading Up 3.0%

Shares of RELY stock opened at $23.33 on Wednesday. The company has a market capitalization of $4.91 billion, a P/E ratio of 47.61 and a beta of 0.34. The business’s 50 day moving average is $21.73 and its two-hundred day moving average is $18.53. Remitly Global has a 12-month low of $12.08 and a 12-month high of $25.75.

Analysts Set New Price Targets

Several research analysts have recently weighed in on RELY shares. Citigroup reaffirmed an “outperform” rating on shares of Remitly Global in a research note on Thursday, July 16th. Cantor Fitzgerald lifted their price target on shares of Remitly Global from $24.00 to $28.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Zacks Research cut shares of Remitly Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Citizens Jmp increased their price objective on shares of Remitly Global from $26.00 to $30.00 and gave the company a “market outperform” rating in a report on Thursday, July 16th. Finally, Weiss Ratings upgraded shares of Remitly Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $25.50.

Insider Transactions at Remitly Global

In related news, CFO Vikas D. Mehta sold 25,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $21.07, for a total transaction of $526,750.00. Following the completion of the sale, the chief financial officer owned 988,004 shares of the company’s stock, valued at approximately $20,817,244.28. This represents a 2.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Pankaj Sharma sold 16,000 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $20.01, for a total transaction of $320,160.00. Following the completion of the sale, the insider owned 767,810 shares of the company’s stock, valued at approximately $15,363,878.10. The trade was a 2.04% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 170,388 shares of company stock valued at $3,725,510. Company insiders own 6.53% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RELY. Quarry LP purchased a new stake in shares of Remitly Global in the third quarter valued at approximately $42,000. Aster Capital Management DIFC Ltd increased its holdings in shares of Remitly Global by 1,597.8% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 4,669 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 4,394 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Remitly Global during the second quarter worth approximately $89,000. Parallel Advisors LLC purchased a new position in Remitly Global during the fourth quarter worth approximately $96,000. Finally, Advisors Asset Management Inc. lifted its position in Remitly Global by 29.6% during the fourth quarter. Advisors Asset Management Inc. now owns 7,698 shares of the financial services provider’s stock worth $106,000 after buying an additional 1,758 shares in the last quarter. 74.25% of the stock is currently owned by institutional investors and hedge funds.

About Remitly Global

Remitly Global, Inc operates as a digital financial services company specializing in cross-border money transfers. Through its proprietary online platform and mobile applications, the company enables immigrants, expatriates and international workers to send remittances swiftly and securely to their families abroad. By focusing on fast deliverability and transparent pricing, Remitly seeks to streamline a process traditionally dominated by cash-based methods and legacy money transfer operators.

Founded in 2011 by Matt Oppenheimer and headquartered in Seattle, Washington, Remitly has grown from a startup into a publicly traded corporation listed on NASDAQ under the ticker RELY.