Remitly Global (RELY) Set to Post Quarterly Earnings on Wednesday

Remitly Global (NASDAQ:RELY) is expected to release its Q3 2026 results after the market closes on Wednesday, November 4th. Analysts expect the company to announce earnings of $0.1467 per share and revenue of $507.31 million for the quarter. Interested persons may visit the company’s upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Wednesday, November 4, 2026 at 5:00 PM ET.

Remitly Global (NASDAQ:RELY) last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.81. The company had revenue of $495.16 million for the quarter, compared to analysts’ expectations of $486.25 million. During the same period last year, the company posted $0.03 EPS. The business’s revenue for the quarter was up 20.2% compared to the same quarter last year. On average, analysts expect Remitly Global to post $0.85 EPS for the current fiscal year and $0.96 EPS for the next fiscal year.

Remitly Global Stock Performance

Shares of Remitly Global stock opened at $24.21 on Wednesday. Remitly Global has a 52-week low of $12.08 and a 52-week high of $27.48. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 17.42 and a beta of 0.39. The company’s 50 day moving average price is $23.82 and its 200-day moving average price is $20.28.

Insiders Place Their Bets

In related news, CFO Vikas Mehta sold 25,000 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $26.15, for a total value of $653,750.00. Following the completion of the sale, the chief financial officer owned 943,735 shares of the company’s stock, valued at $24,678,670.25. This trade represents a 2.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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, Director Nigel Morris sold 20,000 shares of Remitly Global stock in a transaction on Monday, August 17th. The shares were sold at an average price of $26.26, for a total transaction of $525,200.00. Following the completion of the sale, the director owned 1,831,056 shares in the company, valued at approximately $48,083,530.56. This trade represents a 1.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 478,738 shares of company stock valued at $11,874,000 over the last three months. 6.53% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on RELY shares. KeyCorp increased their price target on shares of Remitly Global from $28.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Zacks Research cut shares of Remitly Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Weiss Ratings raised shares of Remitly Global from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 16th. Monness Crespi & Hardt reaffirmed a “buy” rating on shares of Remitly Global in a research note on Thursday, August 6th. Finally, Cantor Fitzgerald increased their target price on shares of Remitly Global from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $27.78.

Remitly Global Company Profile

Remitly Global, Inc is a digital financial services company that enables consumers to send money internationally. Its platform is designed primarily for immigrants and other customers who regularly transfer funds to family and friends in their countries of origin.

Through its mobile application and website, Remitly allows users to initiate cross-border remittances and select delivery options such as bank deposits, mobile-wallet transfers, cash pickup and, in some markets, home delivery.