Remitly revenue growth slows to 25% as net income surges 332% on operating leverage

Filed May 6, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 7, 2025 · ~1 min read

Key Changes

• high

  Revenue growth decelerated to 25% from 34% prior year, while active customer growth slowed to 20% from 29%, signaling a maturing customer base despite strong absolute gains to $452.8M revenue and 9.6M customers.

  MD&A: Revenue and Customer Growth verify on EDGAR →
• high

  Net income jumped 332% to $49.1M as transaction expenses improved to 32% of revenue (from 34%) and marketing efficiency continued, with the company citing AI-driven automation across technology and marketing functions.

  MD&A: Profitability and Operating Leverage verify on EDGAR →
• high

  Company initiated $200M share repurchase program in July 2025 and bought back $44.2M in Q1 2026, signaling management confidence and commitment to capital returns.

  MD&A: Capital Allocation verify on EDGAR →