Even though the market is soaring, you can still find many stocks trading at huge discounts to previous highs. This is where the buying opportunities are right now, not among the artificial intelligence (AI) winners that went up 500% over the last year.
Take Remitly Global (RELY -3.02%) and Adyen (ADYEY +0.21%). The two financial technology (fintech) stocks are down over 50% from the highs they set close to five years ago -- a tremendously painful journey for any shareholder. And yet, they just might be among the best opportunities for growth investors on the stock market today.
Here's why patient investors will do well buying both Remitly and Adyen as long-term fintech growth stocks.
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Remitly's growth story Remitly Global operates a digital remittance platform that allows individuals and small businesses to easily send money across borders. It's mainly used as a replacement for legacy money transfer services (like Western Union) by people sending funds from the United States abroad.
The application has gained significant market share since Remitly's initial public offering (IPO) in 2021, driven by its lower fees, easy-to-use mobile app, and a wide range of pickup options for receivers. Last quarter, total send volume grew 37% year over year to $16.2 billion, while total revenue had increased 572% since the IPO. Remitly is now highly profitable, generating net income of $49.1 million last quarter, for a net income margin of 11%.
Despite this growth and profit inflection, Remitly remains down 50% from its all-time highs set around the time of its IPO.
Image source: Getty Images.
Growth from a superior payments infrastructure Another market-share gainer in a different corner of the payments market is Adyen. The company has built a global payments infrastructure that allows merchants and digital platforms to process payments seamlessly, both online and offline. You may never have heard of the brand, but it processes payments for hundreds of enterprises worldwide, including long-term partners Uber Technologies and Spotify Technology.
Regardless of the payment method a customer uses, Adyen takes a small cut of every transaction. Over the last 12 months, Adyen has processed $1.69 trillion in payment volume worldwide, up from $35 billion in 2015. The company is gaining market share because of its superior technology, which benefits the growing number of merchants that need a globalized payments infrastructure.
Revenue has grown at a 38% compound annual rate in U.S. dollars since 2015, with net revenue up 20% year over year in constant currency last quarter. At the same time, Adyen stock is down 72% from its 2021 highs.
The best part about Adyen is its cost discipline, which drives strong unit economics and shows up in its various margin figures. EBITDA (earnings before interest, taxes, depreciation, and amortization) margin is expected to return to 55% by 2028, accompanied by strong revenue growth.
RELY PE Ratio data by YCharts.
Why Remitly and Adyen are great buys What makes these two fintech growth darlings most attractive is their low valuations. This is what happens when you combine durable revenue growth and falling share prices.
Right now, Remitly Global trades at a price-to-earnings (P/E) ratio of 49. This may not seem cheap at first glance, but remember that the company is just seeing a profit-margin inflection at a greater scale. Full-year revenue in 2026 is expected to be just under $2 billion. An 11% profit margin on that figure is $220 million in net income, for a forward P/E of 23 based on the current market cap of $5 billion. There's also plenty of room for revenue to keep growing and margins to keep expanding in the years ahead.
Adyen's valuation is simpler. It trades at a current P/E ratio of 25 with a conservative balance sheet, healthy growth prospects, and expanding profit margins.
Taken together, these fallen angels look like great buys today for investors who plan to hold for the next five to 10 years.
SEATTLE, July 22, 2026 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly” or the “Company”), a trusted provider of financial services that transcend borders, today announced that it will report second quarter financial results after the market closes on Wednesday, August 5, 2026. Management will host a conference call and live webcast to present the Company's financial results and answer questions from the financial analyst community at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time that same evening. Conference call and webcast information can be found below.
Remitly Second Quarter Financial Results Conference Call and Webcast Information:
When: Wednesday, August 5th, 2026
Time: 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time
Toll-Free Dial-in: To access the call, please use the following link: Remitly 2Q 2026 Earnings Call. After registering, an email will be sent, including dial-in details and a unique conference call access code required to join the live call. To ensure you are connected prior to the beginning of the call, the Company suggests registering a minimum of 10 minutes before the start of the call.
Live Webcast and Replay: A live webcast and replay of the call will be accessible from the Investor Relations section of the Company’s website at https://ir.remitly.com/. For those not planning to ask a question of management, the Company recommends listening via the webcast.
About Remitly
Remitly is a trusted provider of financial services that transcend borders. With a footprint spanning more than 175 countries, Remitly has built one of the world’s leading global money movement platforms, trusted by millions of customers. Remitly continues to evolve beyond a remittance company into a diversified, cross-border financial services provider, serving both consumers and businesses across a growing set of use cases.
Shares of Remitly Global (RELY +0.89%) were soaring 62.4% in the first half of 2026, according to data from S&P Global Market Intelligence. The remittance disruptor is taking market share and finally showing some profitability, which is getting investors bullish on the stock.
After years of worries about disruption from novel technologies like stablecoins, Remitly is finally showing its might to investors. Here's why the stock was soaring in 2026, and whether it is still a buy for your portfolio today.
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Fast growth and hints of profitability Remitly has delivered consistent gains for investors in 2026 due to its market share gains in remittances, or international money transfers. In the first quarter, send volume was up 37% to $22.1 billion, revenue was up 25% to $453 million, and, importantly, net income was a positive $49.1 million, up 332% year-over-year.
There is a massive opportunity for Remitly to deliver an easy-to-use money transfer service to tens of millions of customers around the globe, which is allowing it to steal share from existing players while also expanding the total addressable market. Management is now expanding into new sectors, including card spending, mobile wallets, and business transfers.
At the same time, it is expanding profit margins. These dual engines of growth and profitability are why investors are now more bullish on Remitly than they've been in a long while.
Image source: Getty Images.
Should you buy Remitly stock? Even after this jump, Remitly's stock is still down 51% from its highs set at the time of its 2021 IPO. With monster revenue growth over the past few years, its price-to-sales ratio (P/S) is still below 3. With strong profit margins and further room to grow, this P/S ratio still feels cheap for anyone looking to add to their Remitly position today.
For example, in 2026, Remitly expects revenue to grow by 20% to just under $2 billion. If double-digit growth continues, it will soon reach $3 billion. With EBIT (earnings before interest and taxes) margin climbing, we could see a 20% bottom-line profit margin a few years down the line, especially once Remitly stops its large marketing investments.
A 20% profit margin on $3 billion in revenue is $600 million in earnings, which is still a cheap earnings multiple compared to Remitly's market cap of $5 billion. It is not as cheap as it was at the beginning of this year, but Remitly Global still looks like a solid buy for investors today.
ABU DHABI, July 09, 2026 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) is among the first international remittance companies to secure a Stored Value Facilities (SVF) license with Exchange Business Category IV from the Central Bank of the UAE, a major milestone in one of the world's largest remittance markets. This authorization further extends Remitly’s regulated global footprint and our service to customers across more than 175 countries, strengthening our position for long term growth in the region. The license follows a rigorous review process with the CBUAE and reflects the formal recognition of Remitly's commitment to the UAE and its customers. With the license secured, Remitly will be able to bring new products, purpose-built to serve UAE customers.
The UAE moves an estimated $50 billion across borders every year. Currently people in the UAE can transfer money via Remitly across more than 175 countries, with upfront fees and exchange rates, high transfer limits, and the speed and reliability that has earned the trust of 9.6 million quarterly users worldwide, who moved over $80 billion in send volume over the last twelve months. With CBUAE authorization in place, Remitly can now build and introduce new products designed to strengthen customers' financial lives across countries.
"The UAE is one of the most important remittance regions in the world, and receiving our CBUAE license is a defining moment for Remitly”, said Davis Dominic Parakal, UAE CEO at Remitly. “We are grateful for the rigorous engagement with CBUAE throughout this process and are proud to operate to the high bar it has set for the industry. We are here to build something valuable for the diverse communities across the UAE."
This authorization arrives as the UAE accelerates its position as a global fintech leader. The CBUAE's dedicated digital remittance license category is designed specifically for globally minded operators committed to investing in the region for the long term. Remitly's presence here directly supports the UAE's 'We the UAE 2031' vision, which places fintech and digital financial services at the heart of the country's ambition to double the contribution of its digital economy to GDP.
The UAE license is the latest chapter in Remitly's global drive to expand access to fast, fair, and transparent financial services for the millions of people worldwide who have historically been underserved.
About Remitly: Remitly is a trusted provider of financial services that transcend borders. With a footprint spanning more than 175 countries, Remitly has built one of the world’s leading global money movement platforms, trusted by millions of customers. Remitly continues to evolve beyond a remittance company into a diversified, cross-border financial services provider, serving both consumers and businesses across a growing set of use cases.
Key Takeaways Visa, Paymentus, Corpay, Sezzle and Remitly are highlighted as mobile payments stocks to buy and hold. Visa is expanding AI, stablecoin and commerce capabilities as digital payment adoption continues to grow.Paymentus, Corpay, Sezzle and Remitly are cited for growth strategies and improving earnings estimates. The rapid shift from cash to digital transactions, driven by a push toward convenience and security, has led to meteoric growth in mobile payments. The space encompasses a broad spectrum of innovations, including payment infrastructure and software services, as well as virtual wallets and smartcards.
As the adoption of digital payments becomes increasingly commonplace, the mobile payments market is anticipated to experience meteoric growth over the long term. A higher Internet penetration rate and increased usage of smartphones contribute to the growing uptake of digital payments.
At this stage, we recommend five mobile payments stocks to buy and hold for the long term to strengthen your portfolio. These are: Visa Inc. (V - Free Report) , Paymentus Holdings Inc. (PAY - Free Report) , Corpay Inc. (CPAY - Free Report) , Sezzle Inc. (SEZL - Free Report) and Remitly Global Inc. (RELY - Free Report) . Each of our picks currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The chart below shows the price performance of our five picks in the past month.
Image Source: Zacks Investment Research
Visa Inc.Visa’s scale and brand strength keep it at the center of global digital payments, with growth still driven by higher payment volumes, cross-border activity, and increasing transaction counts.
V’s fiscal second-quarter results showed broad momentum across consumer payments, commercial and money movement solutions, and value-added services. Management guides to low-teens revenue growth for fiscal 2026.
Investments in agentic commerce and stablecoin settlement, alongside targeted acquisitions and disciplined capital returns, should continue to extend its network value over time. With fraud cases on the rise and AI adoption increasing, V’s services are in high demand. Visa has embedded AI and generative AI into over 100 products, primarily for fraud prevention and cybersecurity.
Visa has an expected revenue and earnings growth rate of 13.4% and 14.1%, respectively, for the current year (ending September 2026). The Zacks Consensus Estimate for the current year’s earnings has improved 2% over the last 60 days.
Paymentus Holdings Inc.Paymentus Holdings provides cloud-based bill payment technology and solutions in the United States and internationally. PAY offers electronic bill presentment and payment services, enterprise customer communication, and self-service revenue management to billers through a software-as-a-service, secure, and omni channel technology platform. PAY’s platform's payment processing includes credit cards, debit cards, echecks, and digital wallets.
Paymentus Holdings has an expected revenue and earnings growth rate of 19.9% and 19.7%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 3.9% over the last 60 days.
Corpay Inc.Corpay is a global commercial payments solution provider. Through its portfolio of brands, CPAY helps companies automate, secure, digitize and control payments to, or on behalf of, their employees and suppliers. CPAY serves businesses, partners and merchants in North America, Latin America, Europe and the Asia Pacific.
CPAY’s top line continues to grow organically, driven by increased volume and revenue per transaction from certain payment programs. CPAY relies on a multi-channel approach to actively market and sell its solutions to current and prospective customers. Acquisitions are CPAY’s way to boost its customer base.
Corpay has an expected revenue and earnings growth rate of 17.3% and 25.6%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 3.1% over the last 60 days.
Sezzle Inc.Sezzle is a purpose-driven digital payments company operating in the United States and Canada. SEZL’s payment platform increases the purchasing power of consumers by offering interest-free installment plans at online stores and select in-store locations.
SEZL offers Sezzle Platform, which provides a solution for consumers’ payments that extends credit at the point-of-sale, allowing them to purchase and receive the ordered merchandise at the time of sale while paying in installments over time.
Sezzle has an expected revenue and earnings growth rate of 31.6% and 41.8%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 8.5% over the last 60 days.
Remitly Global Inc.Remitly Global is a mobile-first provider of remittances and financial services for immigrants. RELY a cross-border payment company engages in the provision of digital financial services in the United States, Canada, and internationally. RELY offers cross-border remittances and complementary financial services through mobile application and website.
Remitly Global has an expected revenue and earnings growth rate of 20.4% and more than 100%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved more than 100% over the last 60 days.
Remitly Global is now profitable, with strong revenue growth and expanding customer base, especially among high-value senders and business clients. RELY raised full-year guidance after Q1 2026, projecting $1.96–$1.975 billion revenue and $370–$385 million adjusted EBITDA, reflecting accelerating growth initiatives. Strategic expansion into new customer segments and geographies, plus integrations like WhatsApp and ChatGPT, support a bullish long-term outlook.
As digital payments continue to evolve, investors must choose between established infrastructure and high-growth disruptors. Mastercard (MA 0.48%) and Remitly Global (RELY +3.28%) represent two distinct ways to play the ongoing shift toward electronic money movement.
Mastercard operates a massive global toll-booth for credit and debit transactions, while Remitly focuses specifically on the digital remittance needs of the world's migrant populations. Comparing these two companies reveals the trade-offs between a highly profitable industry leader and an agile, expanding fintech challenger.
The case for MastercardMastercard operates as a global payments technology giant among financial stocks, processing transactions for financial institutions, merchants, and governments across more than 200 countries. The company recently expanded its ecosystem by integrating stablecoin settlements across eight different blockchains to modernize money movement. It also introduced specialized tools, such as Agent Pay for automated machine payments, and a new personalized advertising platform, Mastercard Commerce Media.
In FY 2025, the company reported revenue of nearly $32.8 billion, representing a growth rate of approximately 16.4%. This performance supported a net income of roughly $15.0 billion for the fiscal year. The company maintained a consistent net margin of approximately 45.6%, showing its ability to convert a high percentage of revenue into profit.
As of its December 2025 balance sheet, the company reported a debt-to-equity ratio of nearly 2.5x. This metric compares total debt to shareholder equity, suggesting the company uses moderate leverage in its capital structure. The current ratio, which measures the ability to cover short-term debts with short-term assets, sits at roughly 1.0x, while the company generated free cash flow of approximately $16.9 billion for the year.
The case for Remitly GlobalRemitly Global focuses on the international remittance market by providing a digital-first platform for migrants to send money to recipients in over 175 countries. The company manages more than 5,300 corridors with significant volume concentrated in India, Mexico, and the Philippines. To stay competitive, it recently integrated money transfer and rate comparison functionality directly into ChatGPT for users in several major markets.
During FY 2025, the business reached revenue of approximately $1.6 billion, which marked a significant increase of nearly 29.4% compared to the previous year. For the first time in recent years, the company achieved a positive net income of roughly $67.9 million. This resulted in a net margin of approximately 4.2%, a notable improvement from the net losses reported in both 2024 and 2023.
The December 2025 balance sheet shows a debt-to-equity ratio of roughly 0.3x, indicating low debt relative to shareholder equity. The current ratio of approximately 3.3x suggests the company has ample liquid assets to meet its upcoming obligations. Note that stock-based compensation accounted for roughly 47.7% of operating cash flow, thereby inflating reported cash generation, since SBC is a non-cash expense added back in the cash flow statement.
Risk profile comparisonThe company faces significant regulatory oversight, including potential caps on interchange fees and new data localization mandates. It also competes with large digital payment networks like Visa (V 0.95%) and emerging government-backed digital infrastructures. Cybersecurity remains a constant threat, and the industry continues to face scrutiny from U.S. regulators regarding its pricing structures and interchange fees.
The business depends on maintaining global money transfer licenses, which subjects it to complex anti-money laundering laws. It also relies on third-party disbursement partners, such as PayPal (PYPL +1.02%), to complete transactions, which creates risks if these partners experience service interruptions. Intense competition from established giants like Western Union (WU 0.70%) could impact market share while the company navigates ongoing class action lawsuit investigations.
Valuation comparisonRemitly Global carries a higher forward P/E, which compares the stock price to future earnings estimates. Conversely, Mastercard's P/S ratio, which measures price against total sales, is significantly higher.
MetricMastercardRemitly GlobalSector BenchmarkForward P/E25.5x31.8x17.2xP/S ratio13.5x2.6xn/aSector benchmark uses the SPDR XLF sector ETF.
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
While both companies operate in the digital payments space, their stocks appeal to different types of investors. One is a smaller company with the potential for faster growth, while the other has competitive advantages and a strong track record of profitability. Which one belongs in investors’ portfolios this year?
Mastercard is well established and well known, operating one of the world’s largest payment networks. It processes payments on credit or debit accounts, but does not serve as a lender itself. It avoids direct credit risk while collecting transaction fees, resulting in a highly profitable business. Its margins are strong, its cash flow is consistent, and it has a network effect that keeps it fairly safe from competition.
Remitly focuses primarily on cross-border payments, making it the service of choice for many immigrants and those living and working abroad. It has been gaining market share and growing revenue, and it achieved profitability for the first time in FY 2025. Remitly is a much smaller company than Mastercard, so its continued success could mean significant gains for shareholders.
Neither stock is necessarily a bad choice. Still, Mastercard appears to offer a better balance of growth, profitability, and stability. Its long operating history and durable competitive advantages make it my choice of the two.
First quarter send volume up 37% and revenue up 25% year over year
First quarter net income of $49.1 million up 332% and Adjusted EBITDA of $101.6 million up 74% year over year
SEATTLE, May 06, 2026 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY), a trusted provider of financial services that transcend borders, reported results for the first quarter ended March 31, 2026.
“We delivered an exceptional Q1, achieving record revenue and Adjusted EBITDA,” said Sebastian Gunningham, Chief Executive Officer, Remitly. “Outperformance across key corridors and an increasing pace of product innovation are contributing to strong momentum in the business. The accelerated growth in quarterly active users is evidence of the continued trust and confidence customers place in Remitly. At the same time, disciplined cost management, scale benefits, and AI-driven efficiencies are delivering strong operating leverage.”
First Quarter 2026 Highlights and Key Operating Data
(All comparisons relative to the first quarter of 2025)
Active customers increased to 9.6 million, from 8.0 million, up 20%.Send volume increased to $22.1 billion, from $16.2 billion, up 37%.Revenue totaled $452.8 million, compared to $361.6 million, up 25%.Net income was $49.1 million, compared to $11.4 million, up 332%.Adjusted EBITDA was $101.6 million, compared to $58.4 million, up 74%. 2026 Financial Outlook
For fiscal year 2026, Remitly currently expects:
Total revenue in the range of $1.960 billion to $1.975 billion, representing a growth rate of 20 to 21% year over year.Year over year growth in net income for 2026 and Adjusted EBITDA to be in the range of $370 million to $385 million. For the second quarter of 2026, Remitly currently expects:
Total revenue in the range of $483 million to $485 million, representing a growth rate of 17% to 18% year over year.Year over year growth in net income for the second quarter of 2026 and Adjusted EBITDA to be in the range of $86 million to $88 million. Reconciliation of GAAP to Non-GAAP Financial Measures
A reconciliation of accounting principles generally accepted in the United States of America (“GAAP”) to non-GAAP financial measures has been provided in the financial statement tables included in this earnings release. An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures.” We have not provided a quantitative reconciliation of forecasted Adjusted EBITDA to forecasted GAAP net income (loss) or to forecasted GAAP income (loss) before income taxes within this earnings release because we cannot, without unreasonable effort, calculate certain reconciling items with confidence due to the variability, complexity, and limited visibility of the adjusting items that would be excluded from forecasted Adjusted EBITDA. These items include, but are not limited to, income taxes, stock-based compensation expense, and payroll taxes related to stock-based compensation expense, which are directly impacted by unpredictable fluctuations in the market price of our common stock. The variability of these items could have a significant impact on our future GAAP financial results.
Note: All percentage changes described within this press release are calculated using amounts in the Company’s Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission (the “SEC”), for which revenue and active customers are presented in thousands and send volume is presented in millions. Rounding differences may occur when individually calculating percentages or totals from rounded amounts included within the press release body as compared to the amounts included within the Company’s SEC filings.
Webcast Information
Remitly will host a webcast at 5:00 p.m. Eastern Time on Wednesday, May 6, 2026, to discuss its first quarter 2026 financial results. The live webcast and investor presentation will be accessible on Remitly’s website at https://ir.remitly.com. A webcast replay will be available on our website at https://ir.remitly.com following the live event.
We have used, and intend to continue to use, the Investor Relations section of our website at https://ir.remitly.com as a means of disclosing material nonpublic information and for complying with our disclosure obligations under Regulation FD.
Non-GAAP Financial Measures
Some of the financial information and data contained in this earnings release, such as Adjusted EBITDA, free cash flow, and non-GAAP operating expenses, have not been prepared in accordance with GAAP.
We regularly review our key business metrics and non-GAAP financial measures to evaluate our performance, identify trends affecting our business, prepare financial projections, and make strategic decisions. We believe that these key business metrics and non-GAAP financial measures provide meaningful supplemental information for management and investors in assessing our historical and future operating performance. Adjusted EBITDA and non-GAAP operating expenses are key output measures used by our management to evaluate our operating performance, inform future operating plans, and make strategic long-term decisions, including those relating to operating expenses and the allocation of internal resources. We believe that the use of Adjusted EBITDA and non-GAAP operating expenses provides additional tools to assess operational performance and trends in, and in comparing our financial measures with, other similar companies, many of which present similar non-GAAP financial measures to investors. Free cash flow is a key measure used by our management to understand the strength of our liquidity and available cash, and we believe that the presentation of this measure is useful because we are focused on growing our free cash flow generation over time. Free cash flow is not intended to represent the total increase or decrease in our cash balance for the period. Our non-GAAP financial measures may be different from non-GAAP financial measures used by other companies. The presentation of non-GAAP financial measures is not intended to be considered in isolation or as a substitute for, or superior to, financial measures determined in accordance with GAAP. Because of the limitations of non-GAAP financial measures, you should consider the non-GAAP financial measures presented herein in conjunction with our financial statements and the related notes thereto. Please refer to the non-GAAP reconciliations in this press release for a reconciliation of these non-GAAP financial measures to the most comparable financial measure prepared in accordance with GAAP.
We calculate Adjusted EBITDA as net income (loss) adjusted by (i) interest (income) expense, net; (ii) provision for income taxes; (iii) noncash charges of depreciation and amortization; (iv) other (income) expense, net; (v) noncash charges associated with our donation of common stock in connection with our Pledge 1% commitment; (vi) noncash stock-based compensation expense, net; (vii) payroll taxes related to stock-based compensation expense, net; and (viii) certain restructuring and other costs.
We calculate free cash flow as net cash provided by operating activities, adjusted for capitalized expenditures that include purchases of property and equipment and capitalized internal-use software.
We calculate non-GAAP operating expenses as our GAAP operating expenses adjusted by (i) noncash stock-based compensation expense, net; (ii) payroll taxes related to stock-based compensation expense, net; (iii) noncash charges associated with our donation of common stock in connection with our Pledge 1% commitment; as well as (iv) certain restructuring and other costs.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. These statements include, but are not limited to, statements regarding future events or our future results of operations and financial position, including our fiscal year and second quarter 2026 financial outlook, including forecasted fiscal year and second quarter 2026 revenue, net income (loss), and Adjusted EBITDA, anticipated future expenses and investments, expectations relating to certain of our key financial and operating metrics, our business strategy and plans, our growth, our position and potential opportunities, and our objectives for future operations. The words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “likely,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” or similar expressions and the negatives of those terms are intended to identify forward-looking statements. Forward-looking statements are based on management’s expectations, assumptions, and projections based on information available at the time the statements were made. These forward-looking statements are subject to a number of risks, uncertainties, and assumptions, including risks and uncertainties related to our expectations regarding our revenue, expenses, and other operating results; our ability to acquire new customers and successfully retain existing customers; our ability to continue to develop new products and services in a timely manner; our ability to sustain our profitability; our ability to maintain and expand our strategic relationships with third parties; our business plan and our ability to effectively manage our growth; anticipated trends, growth rates, and challenges in our business and in the market segments in which we operate; our ability to effectively integrate and leverage artificial intelligence and machine learning technologies; our ability to attract, integrate, and retain qualified employees, including key members of our management team; uncertainties regarding the impact of geopolitical and macroeconomic conditions, including currency fluctuations, inflation, regulatory changes (including as may be related to immigration, fiscal and tax policy, foreign trade, or foreign investment), regional and global conflicts or related government sanctions, or legislative or regulatory developments; our ability to maintain the security and availability of our solutions; our ability to maintain our money transmission licenses and other regulatory clearances or obtain new licenses and regulatory clearances; our ability to maintain and expand international operations; our expectations regarding anticipated technology needs and developments and our ability to address those needs and developments with our solutions; and our stock repurchase program, the timing and number of shares of our common stock to be repurchased, and the potential benefits thereof. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties, and assumptions, our actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Further information on risks that could cause actual results to differ materially from forecasted results is included in our quarterly report on Form 10-Q for the quarter ended March 31, 2026, to be filed with the SEC, and within our annual report on Form 10-K for the year ended December 31, 2025, filed with the SEC, which are or will be available on our website at https://ir.remitly.com and on the SEC’s website at www.sec.gov. Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.
About Remitly
Remitly is a trusted provider of financial services that transcend borders. With a footprint spanning more than 175 countries, Remitly has built one of the world’s leading global money movement platforms, trusted by millions of customers. Remitly continues to evolve beyond a remittance company into a diversified, cross-border financial services provider, serving both consumers and businesses across a growing set of use cases.
REMITLY GLOBAL, INC.
CondensedConsolidated Statements of Operations
(unaudited) Three Months Ended March 31,(in thousands, except share and per share data) 2026 2025 Revenue$452,802 $361,624 Costs and expenses Transaction expenses(1) 144,940 121,393 Customer support and operations(1) 26,811 22,573 Marketing(1) 86,362 73,349 Technology and development(1) 79,603 73,851 General and administrative(1) 55,147 52,829 Depreciation and amortization 6,199 5,396 Total costs and expenses 399,062 349,391 Income from operations 53,740 12,233 Interest income 1,653 1,787 Interest expense (2,437) (1,299)Other (expense) income, net (881) 2,221 Income before provision for income taxes 52,075 14,942 Provision for income taxes 3,022 3,590 Net income$49,053 $11,352 Net income per share attributable to common stockholders: Basic$0.23 $0.06 Diluted$0.23 $0.05 Weighted-average shares used in computing net income per share attributable to common stockholders: Basic 211,032,788 201,744,601 Diluted 217,047,399 218,414,823 __________
(1) Exclusive of depreciation and amortization, shown separately.
REMITLY GLOBAL, INC.
CondensedConsolidated Balance Sheets
(unaudited) March 31, December 31,(in thousands) 2026 2025 Assets Current assets Cash and cash equivalents$649,062 $542,426 Disbursement prefunding 244,506 441,335 Customer funds receivable, net 295,792 286,455 Prepaid expenses and other current assets 58,325 45,735 Total current assets 1,247,685 1,315,951 Property and equipment, net 60,162 61,521 Operating lease right-of-use assets 9,954 12,452 Goodwill 54,940 54,940 Intangible assets, net 1,594 2,125 Other noncurrent assets, net 11,448 11,724 Total assets$1,385,783 $1,458,713 Liabilities and stockholders’ equity Current liabilities Accounts payable$28,784 $28,450 Customer liabilities 264,768 219,667 Short-term debt 2,844 2,821 Accrued expenses and other current liabilities 136,285 141,948 Operating lease liabilities 6,686 6,166 Total current liabilities 439,367 399,052 Operating lease liabilities, noncurrent 29,769 28,135 Long-term debt — 155,000 Other noncurrent liabilities 9,207 7,737 Total liabilities 478,343 589,924 Commitments and contingencies Stockholders’ equity Common stock 21 21 Additional paid-in capital 1,316,280 1,325,520 Accumulated other comprehensive income 2,434 3,596 Accumulated deficit (411,295) (460,348)Total stockholders’ equity 907,440 868,789 Total liabilities and stockholders’ equity$1,385,783 $1,458,713 REMITLY GLOBAL, INC.
Condensed Consolidated Statements of Cash Flows
(unaudited) Three Months Ended March 31,(in thousands) 2026 2025(1)Cash flows from operating activities Net income$49,053 $11,352 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation, amortization, and other 14,123 7,863 Stock-based compensation expense, net 27,536 35,792 Donation of common stock 765 959 Changes in operating assets and liabilities: Prepaid expenses and other assets (12,723) (6,272)Operating lease right-of-use assets 1,134 2,041 Accounts payable 4,772 22,182 Accrued expenses and other liabilities (4,896) 2,800 Operating lease liabilities 2,128 4,066 Net cash provided by operating activities 81,892 80,783 Cash flows from investing activities Purchases of property and equipment (5,987) (10,615)Capitalized internal-use software costs (3,199) (2,949)Net collections (originations) from consumer receivables (4,559) (3,348)Net cash used in investing activities (13,745) (16,912)Cash flows from financing activities Proceeds from exercise of stock options 417 2,392 Proceeds from issuance of common stock in connection with ESPP 6,340 5,768 Cash paid for repurchase of common stock (42,499) — Proceeds from revolving credit facility borrowings 2,363,000 1,059,000 Repayments of revolving credit facility borrowings (2,518,000) (1,059,000)Net change in customer funds assets and liabilities 230,803 52,120 Taxes paid related to net share settlement of equity awards (952) (1,089)Net cash provided by financing activities 39,109 59,191 Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash (809) 2,728 Net increase in cash, cash equivalents, and restricted cash 106,447 125,790 Cash, cash equivalents, and restricted cash at beginning of period 544,299 369,817 Cash, cash equivalents, and restricted cash at end of period$650,746 $495,607 Reconciliation of cash, cash equivalents, and restricted cash Cash and cash equivalents$649,062 $493,905 Restricted cash included in prepaid expenses and other current assets 694 632 Restricted cash included in other noncurrent assets, net 990 1,070 Total cash, cash equivalents, and restricted cash$650,746 $495,607 __________
(1) Beginning in the fourth quarter of 2025, the Company changed the presentation of certain cash activity related to customer funds assets and liabilities, which is comprised of disbursement prefunding, customer funds receivable, customer liabilities, and trade settlement liability included within the line item ‘Accrued expenses and other current liabilities’ on the Consolidated Balance Sheets. Certain components of this activity were reclassified from cash flows from operating activities to cash flows from financing activities, reflected within the line item ‘Net change in customer funds assets and liabilities.’
REMITLY GLOBAL, INC.
Reconciliation of GAAP to Non-GAAP Financial Measures
(unaudited) Reconciliation of net income (loss) to Adjusted EBITDA: Three Months Ended March 31,(in thousands) 2026 2025 Net income$49,053 $11,352 Add: Interest (income) expense, net 784 (488)Provision for income taxes 3,022 3,590 Depreciation and amortization 6,199 5,396 Other (income) expense, net 881 (2,221)Donation of common stock 765 959 Stock-based compensation expense, net 27,536 35,792 Payroll taxes related to stock-based compensation expense, net 1,772 3,140 Restructuring and other costs(1) 11,538 908 Adjusted EBITDA$101,550 $58,428 __________
(1) Restructuring and other costs for the three months ended March 31, 2026 and March 31, 2025 consisted primarily of non-recurring termination benefits.
Reconciliation of cash flow from operations to free cash flow: Three Months Ended March 31,(in thousands) 2026 2025 Net cash provided by operating activities$81,892 $80,783 Less: Purchases of property and equipment (5,987) (10,615)Capitalized internal-use software costs (3,199) (2,949)Free cash flow$72,706 $67,219 Reconciliation of operating expenses to non-GAAP operating expenses: Three Months Ended March 31,(in thousands) 2026 2025Customer support and operations$26,811 $22,573Excluding: Stock-based compensation expense, net 309 256Excluding: Payroll taxes related to stock-based compensation expense, net 5 8Excluding: Restructuring and other costs 1,644 —Non-GAAP customer support and operations$24,853 $22,309 Three Months Ended March 31, 2026 2025Marketing$86,362 $73,349Excluding: Stock-based compensation expense, net 2,173 4,127Excluding: Payroll taxes related to stock-based compensation expense, net 41 456Excluding: Restructuring and other costs 1,709 490Non-GAAP marketing$82,439 $68,276 Three Months Ended March 31, 2026 2025Technology and development$79,603 $73,851Excluding: Stock-based compensation expense, net 17,158 21,237Excluding: Payroll taxes related to stock-based compensation expense, net 1,268 1,981Excluding: Restructuring and other costs 3,463 —Non-GAAP technology and development$57,714 $50,633 Three Months Ended March 31, 2026 2025General and administrative$55,147 $52,829Excluding: Stock-based compensation expense, net 7,896 10,172Excluding: Payroll taxes related to stock-based compensation expense, net 458 695Excluding: Donation of common stock 765 959Excluding: Restructuring and other costs 4,722 418Non-GAAP general and administrative$41,306 $40,585
Remitly Global, Inc. (RELY - Free Report) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +97.09%. A quarter ago, it was expected that this company would post earnings of $0.02 per share when it actually produced earnings of $0.19, delivering a surprise of +850%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Remitly Global, which belongs to the Zacks Financial Transaction Services industry, posted revenues of $452.8 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 3.55%. This compares to year-ago revenues of $361.62 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Remitly Global shares have added about 72% since the beginning of the year versus the S&P 500's gain of 6%.
What's Next for Remitly Global?While Remitly Global has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Remitly Global was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.12 on $485.16 million in revenues for the coming quarter and $0.51 on $1.95 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial Transaction Services is currently in the top 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, PagSeguro Digital Ltd. (PAGS - Free Report) , has yet to report results for the quarter ended March 2026.
This company is expected to post quarterly earnings of $0.40 per share in its upcoming report, which represents a year-over-year change of +29%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
PagSeguro Digital Ltd.'s revenues are expected to be $1.01 billion, up 22% from the year-ago quarter.
Sending money across borders should be simple by now.
We live in a world where you can order groceries from your couch and open a bank account on your phone. But for millions of people who need to move money across borders, the experience still feels stuck in another era. It’s slow, expensive and riddled with friction.
That’s the frustration that Sebastian Gunningham walked into when he took over as CEO of Remitly about 75 days ago. His blunt assessment of the market? It’s an “underserved and overcharged community” where too many people pay too much for transfers that are unpredictable in timing and quality.
Gunningham shared that view with PYMNTS CEO Karen Webster on the same evening Remitly posted first-quarter earnings.
The conversation that followed wasn’t really about the numbers, although those were strong, with send volume up 37% and active customers hitting 9.6 million. It was about the bigger question. Why does moving money across borders still feel so broken, and what would it take to fix it?
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Part of the answer lies in how the plumbing works. Or doesn’t. International payments typically bounce through layers of correspondent banks, foreign exchange providers and settlement systems. Every layer adds cost and delay.
“Sending money across the world is no fun,” Gunningham said. “It’s expensive. It’s messy.”
That messiness is exactly what’s pushing small businesses onto Remitly’s network, he said.
Webster pointed out that what Remitly is building looks less like a remittance service and more like a global platform business, especially as it moves into services for freelancers, small businesses and consumers who wish to move larger payments cross-border for real estate purchases, tuition payments and bill pay for themselves or family members.
Peeling the Onion, and Liking What’s Inside The earnings were solid. Revenue was up 25% year over year, and the company turned a profit. But Gunningham seemed more interested in talking about what he’s found since taking over.
He used the metaphor of peeling an onion.
“When you join a company, one or two things happen,” he said. “You start to peel the onion.”
Sometimes what you find underneath is a mess. In Remitly’s case, every layer looked “better than I thought,” he said.
One of the surprises? Adjacent markets were already showing up on the platform. People were using Remitly for real estate purchases, savings transfers and business payroll. Those are use cases that go beyond the typical $250 remittance.
What does Gunningham think those customers actually want? Three things, including “low cost,” “speed of money,” and “great service.” Simple enough to say. Much harder to deliver consistently across 175 countries.
That formula will sound familiar to anyone who’s studied Amazon, where Gunningham previously helped build its marketplace and platform businesses. Webster drew the parallel to Amazon’s flywheel mode. The idea that trust and convenience, once established, become self-reinforcing competitive advantages.
Gunningham said he sees the same dynamic playing out in cross-border payments. If people consistently get cheap, fast, reliable transfers from one platform, they stop shopping around. That’s when the flywheel kicks in.
Meanwhile, the customer mix is changing. Remitly’s bread and butter has been transactions averaging about $250, but Gunningham said transfers of $5,000, $20,000, even $30,000 are increasingly common. Those are tied to savings, investments and property purchases.
Then there’s the freelancer economy. Gunningham described meeting workers in Manila who provide virtual assistance, booking services and operational support to companies overseas. They need fast, cheap cross-border payments. And they’re finding Remitly.
The small business opportunity could be enormous.
“If you get 1% of the small business market, that’s like two or three Remitlys right there,” Gunningham said.
That’s a big claim, but it underscores how much room Gunningham sees beyond the company’s traditional consumer base.
Where AI Actually Helps (and Where It Doesn’t Yet) Every payments CEO is talking about artificial intelligence these days, and Gunningham was specific about where it’s making a difference at Remitly, and where it’s not.
“The killer product in AI right now is the software manufacturing,” he said.
In plain terms, AI is supercharging how Remitly’s engineers build and ship products. The old math of headcount times hours no longer applies, and that’s fundamentally changing how fast the company can move, he said.
Consumer-facing AI? That’s a different story. Remitly has experimented with ChatGPT integrations and conversational interfaces, but Gunningham said those efforts are still in the early stages.
Stablecoins are another area where Remitly is testing the waters. In corridors where consumers prefer holding U.S. dollars over local currencies, the company has been experimenting with wallet products and payment cards linked to stablecoin balances.
But Gunningham isn’t rushing in.
“There are a lot of gray areas,” he said of stablecoin regulation. “We are moving very carefully.”
There’s a good reason for that. Countries like Brazil and India are taking different approaches, and regulators globally are still figuring out where they stand.
The net effect is a patchwork of rules that makes it hard to move fast, even when the underlying technology is ready.
Still, the broader opportunity is hard to ignore. Remitly already supports transfers across more than 175 countries, and its infrastructure is increasingly stretching into business payments and financial products built for the people receiving money, not just those sending it.
Gunningham said he knows the competition is coming. Banks, wallets and other FinTechs are all chasing the same market. But he said he doesn’t think branding is going to decide who wins.
“If you are not low cost, fast money, great service, you’re not winning,” he said. It comes back to the basics.
He said he sees the long-term conditions lining up in Remitly’s favor, particularly as software-driven infrastructure lowers the cost of reaching underserved markets.
“We have this big core market and these emerging new markets for us,” Gunningham told Webster. “Some of the tailwinds are that we’re getting much faster growth in these new segments than we had anticipated. And I think it bodes well for the future.”
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Remitly Global is rated 'buy' due to rapid business customer growth and strong adoption of Remitly Business, targeting high-value SMB senders. RELY posted Q1 '26 revenue of $453M (25% YoY growth), beating both company and analyst estimates, with active customers reaching 9.634 million. High-value sender growth (73% in Q1 '26) and improved margins (adj. EBITDA margin 22%) underpin RELY's shift to profitability and robust forward outlook.
SEATTLE, May 12, 2026 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) today announced two new features for small and medium sized business customers in the US: Bulk Payments and Send by Link. At the same time, Remitly Business has reached general availability in Canada, joining the US and UK as the offering’s third live market.
Cross-border B2B payments are a massive and underserved $20 trillion global opportunity. Manual payment runs, traditional wire flows, and high error rates can make routine international payments costly, slow, and prone to failure. Remitly Business extends the same compliance, risk, and disbursement infrastructure that 9.6 million quarterly active Remitly customers already rely on to small medium-sized businesses with cross-border financial needs. Remitly Business is built for how small businesses actually work – transparently priced, and designed for an owner-operator running the books, not a corporate treasury team. Since launch, the platform has gained strong traction: send volume grew more than 30% quarter-over-quarter in Q1 2026, with more than 20,000 businesses using the product.
Building on this traction, Remitly is introducing two new features to better serve Remitly Business customers, starting in the US: Bulk Payments and Send by Link.
Bulk Payments Handle Multiple Recipients Faster
With Bulk Payments, Remitly Business customers will be able to pay multiple international recipients in a single workflow. Customers select recipients from a list, see delivery speed, fees, and totals for every payment in one view, and approve. The feature is built for how small businesses pay overseas suppliers, contractors, and remote teams: in regular batches, on tight cadences, executed by business owner-operators rather than a dedicated finance team.
Send by Link Reduces Payment Errors
Incorrect recipient details — a misspelled name, a mismatched government ID, an outdated bank account number — are one of the leading causes of failed cross-border transfers. Today, collecting those details typically means asking vendors and contractors to share sensitive banking information by email or other less secure channels.With Send by Link, the sender initiates a payment using only the recipient's email and phone number. The recipient can provide the rest through a secure link, in their own time, so the sender never has to collect or see sensitive personal information.
"A small business owner shouldn't lose half a day to a single overseas pay run — or deal with transfer delays because of a typo in a recipient's name," said Pankaj Sharma, Chief Business Officer of Remitly. "We’re moving fast to solve the pain points our customers care about most."
Now Generally Available in Canada
Following the successful US launch of Remitly Business in Q2 2025, the offering expanded to the UK and Canada, and is now generally available to Canadian SMBs. The expansion builds on more than a decade of Remitly serving Canadian customers. In 2024, Remitly opened an office in the Vancouver area and joined Fintechs Canada to help shape policy on behalf of Canadian customers, alongside community partnerships with organizations including Web Summit Vancouver, BC Tech, Latincouver, S.U.C.C.E.S.S., the Indo Pacific Foundation, Filipino BC, and Inter Toronto. The company has continued to expand its Canadian payment network, adding support for Interac e-Transfers, major Canadian bank accounts, and debit and credit cards. Most recently, Remitly received registration approval under Canada's Retail Payment Activities Act (RPAA), making the company a regulated payment service provider in Canada and an advocate of advancing Canada’s payments infrastructure with access to open banking and real time payment rails.
"Canadians have trusted Remitly to move money across borders for more than a decade," said Jung Lee, General Manager of Canada at Remitly. "Bringing that same speed and reliability to Canadian business owners was overdue — and the demand we're already seeing makes that clear."
Availability
Remitly Business is currently available to customers in the US, UK, and Canada. Send by Link is generally available to US customers. Bulk Payments is rolling out now to select US customers, with general availability to follow.
About Remitly
Remitly is a trusted provider of digital financial services that transcend borders. With a global footprint spanning more than 175 countries, Remitly's digitally native, cross-border payments app delights customers with a fast, reliable, and transparent money movement experience. Building on its strong foundation, Remitly is expanding its suite of products to further its vision and transform lives around the world.
SEATTLE, May 12, 2026 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a trusted provider of financial services that transcend borders, today announced that its management team will present at the following investor conferences:
Post-Earnings Virtual Webinar with Cantor
Date: Wednesday, May 13, 2026
Time: 1 p.m. Eastern Time / 10 a.m. Pacific Time
Ramsey El-Assal, Cantor research analyst, will host CEO Sebastian Gunningham and CFO Vikas Mehta for a question and answer session. Please reach out to Ramsey El-Assal at [email protected] or register here for access to the May 13 live webinar.
J.P. Morgan Global Technology, Media and Communications Conference, Boston
Date: Monday, May 18, 2026
Time: 11:05 a.m. Eastern Time / 8:05 a.m. Pacific Time
CEO Sebastian Gunningham and CFO Vikas Mehta will participate in a fireside chat at the J.P. Morgan Global Technology, Media and Communications Conference. The fireside chat will be webcast live from Remitly’s investor relations website at https://ir.remitly.com/. After the presentation, a replay of the event will be available on the investor relations website.
Bernstein Strategic Decisions Conference, New York City
Date: Wednesday, May 27, 2026
Bank of America Global Technology Conference, San Francisco
Date: Thursday, June 4, 2026
Bank of America Global Research C-Suite TMT Conference, London
Date: Wednesday, June 10, 2026
Time: 2:50 p.m. British Time / 9:50 a.m. Eastern Time / 6:50 a.m. Pacific Time
CFO Vikas Mehta will participate in a fireside chat at the Bank of America Global Research C-Suite TMT Conference. The fireside chat will be webcast live from Remitly’s investor relations website at https://ir.remitly.com/. After the presentation, a replay of the event will be available on the investor relations website.
About Remitly
Remitly is a trusted provider of financial services that transcend borders. With a footprint spanning more than 175 countries, Remitly has built one of the world’s leading global money movement platforms, trusted by millions of customers. Remitly continues to evolve beyond a remittance company into a diversified, cross-border financial services provider, serving both consumers and businesses across a growing set of use cases.
Cross-border payments app Remitly Business is now generally available to small and medium-sized businesses in Canada.
This expansion follows the offering’s launch in the United States in the second quarter of 2025 and its later expansion to the United Kingdom and Canada with limited availability, Remitly Global said in a Tuesday (May 12) press release.
“Canadians have trusted Remitly to move money across borders for more than a decade,” Jung Lee, general manager of Canada at Remitly, said in the release. “Bringing that same speed and reliability to Canadian business owners was overdue — and the demand we’re already seeing makes that clear.”
Remitly Business is powered by the same compliance, risk and disbursement infrastructure that serves 9.6 million quarterly active Remitly customers. It extends that infrastructure’s capabilities to SMBs that have cross-border financial needs, together with a design that is focused on the needs of owner-operators, according to the release.
Since its launch in the U.S. in the second quarter of 2025, Remitly Business has been used by more than 20,000 businesses, per the release.
Remitly Global also announced in the Tuesday press release that it has added two more features to Remitly Business for customers in the U.S.
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The Bulk Payments feature, which is rolling out to select U.S. customers and will later be made generally available, enables users to pay multiple international recipients in one workflow.
The Send by Link feature, which is generally available to U.S. customers, enables senders to initiate payments using only the recipient’s email and phone number. The recipient can then provide the rest of the information through a secure link, whenever they want and without sharing the information with the sender.
“A small business owner shouldn’t lose half a day to a single overseas pay run — or deal with transfer delays because of a typo in a recipient’s name,” Remitly Chief Business Officer Pankaj Sharma said in the release. “We’re moving fast to solve the pain points our customers care about most.”
Small businesses are joining Remitly because of of the messiness of international payments, which typically bounce through layers of correspondent banks, foreign exchange providers and settlement systems, Remitly CEO Sebastian Gunningham told PYMNTS CEO Karen Webster in an interview posted Thursday (May 7).
Gunningham said the small business opportunity could be enormous. “If you get 1% of the small business market, that’s like two or three Remitlys right there,” he said.
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Mobile payments are transforming checkout worldwide, and companies like INTU, RELY, WEX and PAY are positioning to ride the next wave of digital commerce growth.
Remitly Global, Inc. (RELY - Free Report) closed the last trading session at $20.87, gaining 0.3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $26.75 indicates a 28.2% upside potential.
The mean estimate comprises 10 short-term price targets with a standard deviation of $3.57. While the lowest estimate of $20.00 indicates a 4.2% decline from the current price level, the most optimistic analyst expects the stock to surge 58.1% to reach $33.00. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.
But, for RELY, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.
Price, Consensus and EPS Surprise
Here's What You Should Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Here's Why There Could be Plenty of Upside Left in RELYAnalysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Over the last 30 days, the Zacks Consensus Estimate for the current year has increased 30.7%, as three estimates have moved higher compared to no negative revision.
Moreover, RELY currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Therefore, while the consensus price target may not be a reliable indicator of how much RELY could gain, the direction of price movement it implies does appear to be a good guide.
Growth stocks are the best way to find potential 100-baggers for your portfolio over the long term. It takes a sustained tailwind of double-digit sales growth to turn a small investment into a big winner, and few companies, such as Netflix and Amazon, can deliver these results over multiple decades.
Right now, most growth stocks are priced for perfection. Not these disruptors, though. Here are three growth stocks to buy today and hold for the next 20 years due to their revenue growth potential.
Image source: Getty Images.
The remittance disruptor making waves Remittances -- or sending money across borders -- is a sector undergoing digital disruption in a way similar to retail payments over the last few decades. Out are the cash pickup points; in are mobile money transfers across borders via two mobile phones.
Remitly Global (RELY +1.44%) is the leading remittance disruptor, capturing market share quarter after quarter. Last quarter, send volume grew 37% year over year to $22.1 billion, driving revenue growth of 25%. The company has a solid lead in acquiring customers in the United States who want to send money abroad and is now expanding internationally into places like the Middle East. What's more, it is adding new services, such as a digital wallet and business transactions, which are expanding its addressable market.
Business remittances are a vast market, with Remitly accounting for only a tiny sliver of today's market. With less than $100 billion in volume sent through its network over the last 12 months, and the revenue potential from product expansion, Remitly has an opportunity to grow at a double-digit rate for many years into the future, making it a perfect stock for a set-it-and-forget-it portfolio over the next 20 years.
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An e-commerce and technology copycat One of the best-performing stocks over the last 20 years has been Amazon, thanks to its durable revenue growth. But what if I told you it was possible to buy shares in a technology company copying Amazon's business model in other countries? That stock is Coupang (CPNG 5.39%), and it is down 70% from all-time highs to an absurdly low price at $15.50 a share.
Coupang operates an e-commerce business in South Korea, along with other initiatives such as a food delivery network, a burgeoning artificial intelligence (AI) cloud business, Rocket Now fast delivery, financial technology solutions, a fashion marketplace, and international expansion into Taiwan.
Revenue grew only 8% year over year last quarter, but that was due to a brief boycott of its services following a data leak in late 2025. The company is now well past this and has recovered most of its lost customers. Revenue growth should accelerate back into the double digits later in 2026.
Since going public just more than five years ago, Coupang's revenue has increased close to 200% to $35 billion. Today, it trades at a market cap of just $28 billion, making the stock a bargain for investors looking to replicate Amazon's success abroad.
NU PE Ratio data by YCharts
The digital banking giant Another international stock focused on digital banking is Nu Holdings (NU +0.17%). It is a rapidly growing digital banking platform focused on the Brazilian, Mexican, and Colombian markets. By serving customers without the fees of traditional banks, Nu Bank has grown to 135 million active customers, making it one of the largest banking platforms in the world.
To be fair, most of these customers are just starting their journeys with Nu Bank or are lower-income customers in these countries using the mobile app as their first way to interact with the formal financial system. By revenue, Nu Bank is nowhere near the largest bank in the world today, with $16 billion in revenue generated over the last 12 months.
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The bull case for Nu Bank is that it can scale up revenue and profits by offering more products to existing customers. It has done so by steadily increasing monthly revenue per active customer, which hit a record of $15.90 last quarter.
Right now, Nu Bank stock trades at a market cap of $63 billion but a price-to-earnings ratio (P/E) of just 20. With revenue in constant currency growing 42% year over year last quarter, this is a cheap earnings multiple to pay, which is why investors can buy this high-quality business and hold it for the next 20 years.
Many investors today are trying to fight what's colloquially known as FOMO, or fear of missing out. Stocks like Micron Technology are up close to 10-fold during the past 12 months, driving the S&P 500 Index to new heights, while leaving many other stocks -- possibly in your portfolio -- in the dust. It is hard to watch others make boatloads of money, but it is in this moment that disciplined, contrarians can make investments that set them up for success through the market cycle.
I would never promise that a stock can go up 10-fold within a year. If anyone tries to sell you this story, run the other way. What you can find are stocks with the potential to deliver multibagger returns over a decade, if you buy at a low price when the business is primed for growth. Here are two small-cap stocks that could turn a $5,000 investment into $50,000 over the course of a decade.
Image source: Getty Images.
1. Remitly's market share gains First up is Remitly Global (RELY +1.44%). The company, with a market cap of just $4.2 billion, is attacking the global remittance market and gaining market share rapidly. It is doing so by building an easy-to-use mobile application for senders with many pick-up options for recipients around the globe, alongside relatively low fees and new products layered on top.
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Remitly's send volume increased 37% year over year last quarter to $22 billion, while revenue rose 25% to $453 million. The company has continued to attract individuals in its core send markets, from the U. S. to Mexico and India, while also expanding rapidly into new areas and offering remittance services for small businesses.
These expansion efforts are broadening Remitly's total addressable market, which should bring revenue growth for years to come. At the same time, Remitly's profit margins and widening, posting a net income margin of 11% last quarter. Combine these two factors with Remitly's small market cap, and the stock has huge multibagger potential.
2. Wix's dirt cheap valuation Wix (WIX +0.14%) is a stock deemed an artificial intelligence (AI) loser in a big way. The company founded its business on no-code website building, which Wall Street believes will be disrupted by the artificial intelligence (AI) models like Anthropic's Claude.
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This has not yet shown up in Wix's financial performance. Last quarter, revenue rose 14% year over year to $541 million, with solid growth across all product segments. Importantly, its recent acquisition of Base44 -- an AI-powered mobile app builder -- has just crossed $150 million in annual recurring revenue (ARR). A year ago at this time, Base44 was generating almost no revenue.
It is this explosion in revenue that should have investors thinking Wix is a potential AI winner, not loser. On last year's conference call, management discussed how the company has already trained its own language model for its AI-powered website builder called Wix Harmony, which is seeing increased usage among customers. With a large data set from its long history as a website-building platform, Wix has the opportunity to build the best AI website creation tool as well.
Right now, Wix is not profitable on a GAAP (generally accepted accounting principles) basis due to recent heavy investments in growth, including two major NFL game ads. However, it trades at a market cap of just $2.2 billion, while revenue is $2 billion. If it can keep growing at a double-digit percentage rate and see a recovery in its profit profile as the AI boom matures, Wix stock has great multibagger potential.
RELY Revenue (TTM) data by YCharts
Why do both stocks have multibagger potential? Finding potential multibagger stocks doesn't require chasing the hottest names like Micron Technology after they have already soared. You want to find stocks with small market caps, a long growth runway, and a low starting valuation.
That describes both Remitly Global and Wix perfectly, and it's why they should make perfect additions to any investor's portfolio today.
Remitly (RELY +1.44%), a provider of cross-border remittance services, has been one of the hottest fintech stocks of 2026. It's rallied more than 50% year to date, driven by a big first-quarter earnings beat in May and its subsequent inclusion in the S&P SmallCap 600.
Could Remitly be one of the best long-term compounding plays in the booming cross-border payments market? Or is its high-flying stock getting too hot to handle?
Image source: Getty Images.
How fast is Remitly growing? Remitly makes money by buying currencies at cheaper "interbank" rates on the wholesale market, then selling them to its customers at higher prices on their outgoing remittances.
From 2021 to 2025, Remitly's year-end active customer base expanded from 2.8 million to 9.3 million, its send volume (the total value of all payments remitted) increased from $20.4 billion to $74.9 billion, and its annual revenue surged from $459 million to $1.64 billion.
Its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) also turned positive in 2023, and grew 34% to $135 million in 2024 and 29% to $272 million in 2025. It even turned profitable on a generally accepted accounting principles (GAAP) basis in 2025.
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From 2025 to 2028, analysts expect Remitly's revenue to grow at a 19% CAGR to $2.76 billion, its adjusted EBITDA to rise at 30% CAGR to $603 million, and its net profit to increase at a 54% CAGR to $250 million. That growth should be driven by its overseas expansion, its Flex (send now, pay later) platform, its Remity Business platform for smaller businesses, and its integration into Meta's (META 1.28%) WhatsApp for direct remittances.
To boost margins, it's capturing higher-value customers and automating customer care with AI tools. Last December, it declared it would stick with its "Rule of 40" goal -- which aims to have the sum of its 3-year revenue CAGR and adjusted EBITDA margins exceed 40% -- through 2028. That percentage came in at 46% (29% growth plus a 17% margin) in 2025.
Is Remitly a great cross-border payment play? With an enterprise value of $3.34 billion, Remitly's stock still looks undervalued at less than nine times this year's adjusted EBITDA. According to Fortune Business Insights, the global remittance market could continue growing at a 9.4% CAGR from 2026 to 2034.
However, stablecoins -- which are directly pegged to fiat currencies and can be transferred faster and more cheaply than conventional interbank transfers -- pose a long-term threat to Remitly.
Remitly is still dominating the "last mile" in remittances through its familiar app, but that could change as other fintech platforms integrate stablecoins in their apps. So while Remitly is still a promising growth stock, investors shouldn't overlook its existential challenges.
If you've ever wired money overseas, you know it's not nearly as easy as using fintech platforms like Zelle or PayPal's (PYPL 0.70%) Venmo within the U.S. Indeed, moving money beyond the United States' border can be surprisingly complicated and time-consuming; these transactions are highly regulated.
Nevertheless, the need is there, with some estimates putting the outbound (from the U.S.) amount alone at around $200 billion per year.
Enter Remitly Global (RELY +1.44%).
Image source: Getty Images.
Launched in 2012, the company got off to a seemingly slow start as an international remittance middleman between the United States and other parts of the world. Chalk it up to the newness of the premise, mostly. At that point, bank wires and platforms like Western Union (WU +1.43%) were the established option, despite steep fees and slow turnaround times. This market wasn't quite ready for a mobile app then, and, to be fair, Remitly's earliest app iteration wasn't nearly as capable as it is today. Now, its platform can send money to and from over 175 countries.
And it's increasingly doing just that at an accelerating growth pace.
Well-earned growth Remitly's recent results speak volumes about the fintech company's growing reach. Last quarter, 9.6 million customers used the Remitly app to send $22.1 billion across borders, generating nearly $453 million in revenue for the company. Those numbers are up 20%, 37%, and 25% (respectively) year over year, extending last year's top-line growth of 29%. The company's now firmly profitable too, improving its quarterly net income by 332%, from $11.4 million in Q1 of last year to $49.1 million for the three months ending in March.
What's driving this progress? Simplicity, mostly. Sending money across any border still requires extensive disclosure and permissions. Remitly just builds much of this logistical work into the app itself, without the need for a brick-and-mortar station to assist customers with the process.
The company also enjoys scale and can afford to cost-effectively handle the currencies that its customers may need to convert money to or from, and passes along these savings to its users.
More than anything, the app just works, earning 4.9 stars in Apple's App Store and 4.8 stars on Android. Remitly's platform reliably -- and easily -- does what consumers have struggled to efficiently get done before.
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There's plenty more upside ahead, too. Mordor Intelligence suggests the worldwide remittance industry is poised to grow at an average annualized rate of 12.4% through 2031. It's an evolving business; however, that's also ripe for disruption by a new information technology name like Remitly.
Analysts see something most investors don't yet So, yes, Remitly stock could be a long-term winner. Just note that the stock's been stagnant since early 2022, shortly after peaking in 2021 following its IPO. Most investors remain on the fence. They'll need to get on board if the stock's going to climb.
Analysts aren't undecided, though. All of them covering this stock rate it a strong buy, with a consensus price target of $28.25 -- which is 50% above this ticker's present price. That's not a bad way to start out a new trade.
James Brumley has positions in Alphabet. The Motley Fool has positions in and recommends Alphabet, Apple, and PayPal. The Motley Fool recommends the following options: short June 2026 $50 calls on PayPal. The Motley Fool has a disclosure policy.
Fintech consolidation is heating up as scaled payments, banking, and brokerage players hunt for vertical specialists with profitable unit economics. The 2026 backdrop favors deals: large incumbents have stronger balance sheets, artificial intelligence (AI) integration is forcing platform thinking, and several mid-cap fintechs have repriced lower from their post-IPO peaks. Goldman Sachs Asset Management has... 3 Fintech Stocks Face Takeover Pressure as Consolidation Wave Builds
