Remitly (RELY) Beats Q1 Revenue, Coinbase (COIN) Misses as Fintech Stocks Fall 6.9% Average

Four financial technology stocks reported mixed first-quarter results as of June 2, 2026, with aggregate revenue falling 1.6% below analysts' consensus estimates, according to an earnings roundup. Shares dropped 6.9% on average since the announcements, pressured by geopolitical uncertainty. Remitly (NASDAQ:RELY) posted revenue of $452.8 million, a 25.2% year-over-year increase that beat expectations by 3.2%. However, the company's full-year adjusted EBITDA guidance was the weakest of the peer group, and the stock fell 11.2% to $21.07. Coinbase (NASDAQ:COIN) saw revenue decline 29.7% to $1.41 billion, missing estimates by 6.3%, with shares down 5.9% to $181.55. LendingTree (NASDAQ:TREE) delivered the fastest growth, with revenue up 36.5% to $327.3 million, beating by 1.9%, but its stock slumped 20.2%. Robinhood (NASDAQ:HOOD) revenue rose 15.1% to $1.07 billion, missing forecasts by 5.3%, yet the stock gained 9.9%. The sector's underperformance reflects a rotation away from growth stocks as the US-Iran conflict shifted investor focus to oil supply and inflation risks, sapping appetite for fintech names.