Remitly Global posts strong Q1 revenue growth and rapid business customer gains, boosting profit outlook.

Remitly Global reported Q1 2026 revenue of $453 million, a 25% year-over-year increase, surpassing both company and analyst expectations. The company’s active customers reached 9.634 million, driven by a 73% growth in high-value business senders using its Remitly Business service, which now has over 20,000 business customers. Improved adjusted EBITDA margins of 22% support Remitly’s shift toward profitability and a positive future outlook. Despite potential slower growth in Q2, the company’s valuation and projected earnings per share indicate a possible price increase of up to 108.5% by the end of 2026.