Remitly performance in last 6 months to send money internationally

Remitly has been one of the most closely watched names in international money transfer for years. But if you're deciding whether to use it for your next transfer, quarterly earnings and stock moves only tell part of the story. What actually matters is whether Remitly delivers competitive exchange rates and fees on the specific corridor you're sending through, on the day you're sending.

This review pairs Remitly's H1 2026 business performance with SendMoneyCompare's own six-month record of its live rates — the business growth on one side, what senders actually received at the destination on the other.

By almost every measure, Remitly had a strong first half of 2026. The numbers reported through Q2 2026 earnings paint a clear picture of a company growing quickly across customers, volume, and revenue.

Revenue and send volume

Q2 2026 revenue came in at $495.2 million, up 20% year over year. Send volume grew even faster, rising 27% year over year. That gap — volume outpacing revenue — suggests Remitly is processing more money per dollar of revenue, which can reflect competitive pricing pressure or a shift toward higher-value transfers.

Crossing 10 million active customers

A headline figure from Q2 2026 was Remitly crossing 10 million quarterly active customers (+20% YoY). That scale matters for senders because it signals Remitly can maintain wide corridor coverage and keep investing in reliability.

High-value senders and business receivers

Two segments stood out. High Value Senders — customers sending $5,000+ per transaction — saw volume grow 37% YoY, a meaningfully different profile from the typical $200 monthly remittance. Business Receivers also surpassed 25,000 active businesses, reflecting Remitly's push into small-business payments.

Leadership, stock, and network scale

February 2026 brought a leadership transition: Sebastian Gunningham became CEO, with a growth framework built around artificial intelligence and stablecoins. Remitly's stock (RELY) rose roughly 79% over the six months leading into August 2026. And the network now reaches more than 175 countries across more than 5,700 corridors — genuine breadth for less common destinations. (Figures per Remitly's Q2 2026 earnings and investor disclosures.)

The earnings above reflect Remitly's business. This section reflects what senders actually received — from our own tracking, not the company's marketing.

Our research: SendMoneyCompare records live provider quotes every 6 hours. We isolated Remitly's quotes on our most-tracked consumer corridors from March to September 2026 and measured the gap between Remitly's rate and the mid-market rate. The story is not "cheap" or "expensive" — it's corridor-specific:

Two things stand out. First, on the India corridors Remitly was excellent — roughly a quarter of a percent off mid-market, hard to beat. Second, on two of the largest remittance routes in the world it was not: our data put Remitly's markup near 3.1% on USD → PHP and 3.9% on USD → MXN. Our 184-day corridor tracking agrees with our live rate snapshot, which currently flags Remitly as carrying the highest markup among tracked providers on USD → PHP. Over the same period, the best rates on the India, Philippines and Mexico corridors most often came from providers like Ria, WorldRemit, and Panda Remit — not Remitly.

The takeaway isn't that Remitly is a poor provider — it's that a single company's rate swings enormously by route. That's the gap between reading an earnings report and checking a live quote.

Remitly's growth is real, but it's worth being precise about what it does and doesn't do for someone sending $300 to the Philippines or $500 to Mexico.

Scale can keep rates competitive. A larger customer base and higher volume give Remitly more leverage with banking partners and payout networks, which should help hold markups down. Volume growing 27% against 20% revenue growth suggests Remitly may be passing some efficiency to customers — a reasonable interpretation, though not the only one.

Scale doesn't guarantee the best rate on your corridor. Our data is the proof: the same company was ~0.3% off mid-market on USD → INR and ~3% on USD → PHP in the same period. Pricing is highly corridor-specific and moves within a single day on interbank shifts. Remitly may price aggressively for the High Value Sender segment (up 37% YoY) while keeping wider margins on smaller consumer routes — the aggregate numbers can't tell you which applies to your transfer.

If you're sending money this week, the question isn't whether Remitly grew 20% year over year — it's whether Remitly will put more money in your recipient's hands than the alternatives.

Watch the payout, not the fee. The exchange-rate markup is often larger than the transfer fee itself, so a "zero fee" quote can still cost more than one charging $4. The only number that captures both is the recipient payout — how much actually arrives in local currency. (See our exchange rate markup explained guide.)

Compare without the guesswork. SendMoneyCompare ranks 90+ providers by recipient payout — not headline fee — with both markup and fees factored in. Rates refresh every six hours from live data, and no signup is required. Remitly appears alongside Wise, Western Union, WorldRemit, Xe and dozens more. On some corridors and some days Remitly ranks near the top; on others — as our USD → PHP data shows — a different provider offers a meaningfully better payout. Running the comparison at the moment you send is the only way to know which applies. Our Wise vs Remitly comparison is a good starting point for the two most common picks.

Remitly's first half of 2026 was strong by any business measure: 20% revenue growth, 27% volume growth, 10 million active customers, and a stock price reflecting real investor confidence. The move to CEO Sebastian Gunningham and a focus on AI and stablecoins point to continued platform investment.

For senders, that's useful background — it tells you Remitly is financially healthy, widely available, and growing. What it doesn't tell you is whether Remitly will offer the best payout on your corridor today. Our six-month data shows exactly why that distinction matters: excellent on India routes, but well off the pace on USD → PHP and USD → MXN. Run a live comparison before every transfer and check where Remitly lands on the amount and route you're actually sending.

Rate figures in this review are SendMoneyCompare's own research: Remitly's live quotes are collected every 6 hours by our automated engine and stored per corridor. For this review we analysed Remitly's quotes on our most-tracked consumer corridors between March and September 2026, measuring the gap between Remitly's offered rate and the mid-market rate, and reporting medians on the days Remitly appeared in our data. Corridors where our mid-market benchmark is unreliable are excluded. Business figures (revenue, send volume, active customers, High Value Sender growth, leadership, stock performance, and network coverage) are drawn from Remitly's Q2 2026 earnings and investor disclosures and reflect those reports rather than our own measurement. Rates change constantly — confirm the current cost with a live comparison before you send.