Remitly embedded agentic AI into product and engineering teams driving productivity and lower costs.
“Delivering operating efficiencies across the board 1. Transaction Margin is a non-GAAP measure. Please see reconciliation of non-GAAP measures to the most comparable GAAP measures in the Appendix. Transaction expenses include fees paid to disbursement partners for paying funds to the recipients, provisions for transaction losses, and fees paid to payment processors for funding transactions, along with chargebacks, fraud prevention, fraud management tools, and compliance tools. 2. Operating expenses are non-GAAP measures. Please see reconciliation of non-GAAP measures to the most comparable GAAP measures in the Appendix. 2Q 26 Year-over-Year Change Performance Drivers Transaction Margin1 TM 235 bps • Lower transaction expenses, reflecting improved network economics • Lower transaction losses as a % of send volume Non-GAAP Operating Expenses as a % of Revenue2 Marketing 11 bps • Expanded Skip the Line campaign, launched World Cup promotion, and increased brand marketing in UAE • Brand marketing investments aiding word of mouth and unpaid acquisition CS 68 bps • Product improvements driving lower contact rates • Increasing automation, including AI-driven virtual assistant T&D 175 bps • Agentic AI embedded into product and engineering teams • Modest increase in AI spend outweighed by labor productivity G&A 295 bps • Pause in hiring as we evaluate investment priorities • Benefits of scale and AI driving improved operating leverage August 2026 / © 2026 Remitly Inc.13”