Remitly Global (RELY)
Moves money across borders and extends the same network into business payments and financial accounts.
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Provides digital cross-border transfers for consumers and small businesses, with newer wallet, card, credit, and membership services built on the same platform. The substantial majority of revenue comes from transaction fees and foreign-exchange spreads, while delivery relies on regulated payment and disbursement partners.
Enables consumers to send money across borders through its mobile app, website, and messaging services, with recipients paid into bank accounts or mobile wallets or through cash pickup. International Money Transfer remains the core offering, while Remitly Business serves small and midsize businesses and Remitly One and the Remitly Global Card add wallet, spending, saving, credit, and membership features.
Routes transfers across more than 175 countries through direct integrations and a broader network of payment processors, banks, aggregators, mobile wallets, and cash-pickup partners. Direct integrations reduce reliance on intermediaries and support faster, more consistent delivery. The substantial majority of revenue still comes from transaction fees and foreign-exchange spreads on global money movement.
Operates as one operating segment. Service availability and delivery depend on money-transmission and payment licenses, anti-money-laundering controls, secure technology, and third-party payment and disbursement partners.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 25, 2026 | Wolfe Research | Reiterate | Rating: —Target: $31 | Target: $32 |
| Aug 10, 2026 | Cantor Fitzgerald | Reiterate | Rating: —Target: $24 | Target: $30 |
| Aug 6, 2026 | KeyBanc | Reiterate | Rating: —Target: $23 | Target: $33 |
| Aug 6, 2026 | Wolfe Research | Reiterate | Rating: —Target: $25 | Target: $31 |
| May 7, 2026 | Goldman Sachs | Target | Target: $17 | Target: $27 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $676.4M · Total debt $38.3M · Total assets $1.57B · Shareholders' equity $1.13B
- Revenue
- $495.2M
- Operating income
- $66.7M
- Net income
- $205.9M
No dividends on record.
| Institutions | 87.64% | 185.52M shares | |
|---|---|---|---|
| 374 holders · as of Jun 30, 2026 | |||
| Insiders | 4.52% | 9.57M shares | |
| 17 holders · as of Aug 31, 2026 | |||
| Strategic holders | 18.37% | 38.88M shares | |
| 2 holders · as of Apr 23, 2026 | |||
| Adds to | 110.53% | ||
211.68M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 110.53%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
PayU Fintech Investments B.V.1Strategic10 percent owner | 12.02% | 25.44M | filed Aug 11, 2025 |
FMR LLCInstitution | 10.28% | 21.76M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 8.66% | 18.33M | as of Jun 30, 2026 |
MIH Fintech Investments B.V.Strategic | 6.35% | 13.44M | filed Apr 23, 2026 |
Baillie Gifford & CoInstitution | 5.85% | 12.38M | as of Jun 30, 2026 |
- PayU Fintech Investments B.V.'s transaction reports restate only vehicles that traded; the 2025 ownership statement (25.44M) is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 9, 2026 | Joshua Hug | director | −5,500 | $24.30 |
| Sep 8, 2026 | Joshua Hug | director | −5,500 | $25.03 |
| Sep 2, 2026 | Nigel W. Morris | director | −6,300 | $27.03 |
| Aug 28, 2026 | Pankaj Sharma | officer: Chief Business Officer | −21,000 | $26.39 |
| Aug 25, 2026 | Vikas D. Mehta | officer: Chief Financial Officer | −25,000 | $26.15 |
- Western Union
Global retail and digital remittance network with broad payout reach
- Euronet Worldwide
Ria, Xe, and Dandelion create omnichannel payout pressure
- PayPal
Xoom and PayPal wallets contest digital cross-border sends
- International Money Express
Latin America remittance specialist still trading pre-merger
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Remitly Global | $21.55 | −0.19% | $4.55B | 15.5 | 25.0 | 2.5 | +20.2% |
| Western Union | $6.28 | +1.29% | $1.93B | 5.0 | 4.4 | 0.5 | −1.3% |
| Euronet Worldwide | $65.39 | −1.07% | $2.52B | 10.4 | 5.9 | 0.6 | +3.2% |
| PayPal | $52.98 | +0.69% | $45.01B | 9.9 | 9.5 | 1.3 | +4.8% |
| International Money Express | $12.14 | −1.06% | $369.3M | 19.6 | 13.2 | 0.8 | −18.6% |
| Median | 10.2 | 7.7 | 0.7 | +1.0% |