Remitly Reports 34% Revenue Growth, Raises 2025 Outlook

Remitly Global, Inc. reported strong second-quarter results for 2025, surpassing Wall Street expectations with a 34% year-over-year revenue increase to $411.9 million and a 40% growth in send volume to $18.5 billion. The company swung to a GAAP profit and raised its full-year revenue guidance to $1.62 billion, reflecting confidence in sustained growth and profitability. Key strategic initiatives include expanding its market to freelancers and small businesses, launching the Remitly One membership program, and advancing stablecoin and AI technologies to modernize cross-border payments and enhance customer support. Remitly’s active users grew 24% to 8.5 million, and management announced a $200 million share buyback, signaling strong market confidence. Analysts remain optimistic, with most rating the stock a 'buy' and projecting significant upside. This performance underscores Remitly's role as a leading innovator in the rapidly evolving digital cross-border payments industry.