Remitly Global (RELY) to Post Quarterly Earnings on Wednesday

Remitly Global (NASDAQ:RELY) will likely be releasing its Q2 2026 results after the market closes on Wednesday, August 5th. Analysts expect the company to post earnings of $0.1238 per share and revenue of $486.2520 million for the quarter. Interested persons may visit the 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 posted its earnings results on Wednesday, May 6th. The financial services provider reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.11. Remitly Global had a net margin of 6.12% and a return on equity of 12.90%. The business had revenue of $452.80 million for the quarter, compared to the consensus estimate of $438.94 million. During the same quarter last year, the firm posted $0.05 EPS. The company’s revenue for the quarter was up 25.2% on a year-over-year basis. 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 Stock Performance

NASDAQ:RELY opened at $22.77 on Monday. Remitly Global has a one year low of $12.08 and a one year high of $25.75. The firm has a market cap of $4.79 billion, a P/E ratio of 46.47 and a beta of 0.34. The firm has a 50-day simple moving average of $21.82 and a 200-day simple moving average of $18.73.

Insider Activity

In related news, Director Bora Chung sold 12,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $21.42, for a total transaction of $257,040.00. Following the transaction, the director directly owned 125,317 shares of the company’s stock, valued at $2,684,290.14. This represents a 8.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Ankur Sinha sold 7,596 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $21.07, for a total value of $160,047.72. Following the completion of the sale, the insider owned 1,222,718 shares of the company’s stock, valued at approximately $25,762,668.26. This trade represents a 0.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Insiders sold 170,388 shares of company stock worth $3,725,510 over the last quarter. Company insiders own 6.53% of the company’s stock.

Hedge Funds Weigh In On Remitly Global

Several hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System boosted its stake in Remitly Global by 0.5% in the 2nd quarter. California State Teachers Retirement System now owns 135,843 shares of the financial services provider’s stock worth $2,550,000 after purchasing an additional 679 shares in the last quarter. Cetera Investment Advisers grew its position in Remitly Global by 12.0% during the 2nd quarter. Cetera Investment Advisers now owns 12,025 shares of the financial services provider’s stock worth $226,000 after purchasing an additional 1,286 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Remitly Global by 29.6% during the 4th quarter. Advisors Asset Management Inc. now owns 7,698 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 1,758 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Remitly Global by 0.8% in the third quarter. Mercer Global Advisors Inc. ADV now owns 278,122 shares of the financial services provider’s stock worth $4,533,000 after buying an additional 2,338 shares during the last quarter. Finally, Quarry LP purchased a new position in shares of Remitly Global in the third quarter worth $42,000. Institutional investors and hedge funds own 74.25% of the company’s stock.

Wall Street Analyst Weigh In

RELY has been the topic of several research reports. The Goldman Sachs Group lifted their price objective on shares of Remitly Global from $27.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Weiss Ratings raised Remitly Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 3rd. Cantor Fitzgerald lifted their price target on Remitly Global from $24.00 to $28.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Citizens Jmp boosted their price target on Remitly Global from $26.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 16th. Finally, KeyCorp upped their price objective on Remitly Global from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Remitly Global currently has a consensus rating of “Moderate Buy” and an average price target of $25.50.

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.