Remitly Global stock tracks Q2 growth and Etsy expansion

Remitly Global stock stood at USD 21.36 on Nasdaq on September 25, 2026, with a daily gain of 0.95 percent and a USD 4.5 billion market capitalization. The company is extending its money-transfer network into business payouts, while second-quarter growth remains the central financial signal.

Etsy adds a business channel

On September 9, 2026, StockTitan reported that Remitly partnered with Etsy to provide local payout options for new international sellers in 15 countries. Sellers can receive funds through local banks or mobile wallets, hold earnings in USD and convert them into local currencies.

The partnership is Remitly's first marketplace relationship, according to the company release carried by StockTitan. That makes the Etsy deal more than a distribution agreement: it tests whether Remitly can reuse its cross-border infrastructure for small and medium-sized businesses.

Q2 growth carries the story

Remitly Global reported second-quarter 2026 revenue of USD 495.16 million, up 20 percent from the prior year. Net income reached USD 205.9 million, including a USD 140.6 million discrete tax benefit, while adjusted EBITDA rose 79 percent year over year to USD 114.7 million.

The operating base also expanded: quarterly active customers reached 10.2 million and lifetime send volume reached USD 86 billion as of June 30, 2026, according to Remitly Global. Revenue growth therefore sits alongside a larger customer funnel, although the tax benefit makes the reported net income comparison less representative of recurring earnings.

Analyst target remains above price

Citizens reiterated a Market Outperform rating and a USD 32.00 price target on September 23, 2026, according to Investing.com. The target lies 49.81 percent above the USD 21.36 reference price, making the gap between operating execution and market valuation the key investor question.

RELY remains below its yearly high

RELY stood at USD 21.36 on Nasdaq at 3:59 p.m. ET on September 25, 2026, with a 52-week range of USD 12.14 to USD 27.33 and volume of 3,381,176 shares. The quote was 21.83 percent below the 52-week high, while the next estimated earnings date is November 4, 2026, according to Zacks.