Remitly Global (RELY) Cost of Revenue (2020 - 2026)
Remitly Global's (RELY) quarterly Cost of Revenue came in at $161.2 million in Q2 2026, up 12.12% year-over-year from $143.8 million in Q2 2025, and up 11.2% quarter-over-quarter from $144.9 million in Q1 2026.
Analysis
Remitly Global (RELY) Cost of Revenue (2020 - 2026) Analysis & Trends
Remitly Global (RELY) has reported Cost of Revenue for 7 consecutive years, with $161.2 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 12.12% year-over-year to $161.2 million in Q2 2026; TTM through Jun 2026 was $590.4 million, a 18.3% increase from a year earlier, with the FY2025 full-year figure at $549.5 million, up 27.31% from the prior year.
- Cost of Revenue was $161.2 million for Q2 2026 at Remitly Global, up from $144.9 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $161.2 million in Q2 2026 and troughed at $56.3 million in Q1 2022.
- A 5-year average of $104.2 million and a median of $98.8 million in 2024 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue surged 46.91% in 2022 and gained 12.12% in 2026, its largest moves.
- Over 5 years, Cost of Revenue stood at $71.9 million in 2022, then advanced by 24.01% to $89.1 million in 2023, then soared by 32.85% to $118.4 million in 2024, then advanced by 16.23% to $137.6 million in 2025, then climbed by 17.13% to $161.2 million in 2026.
- The last three Cost of Revenue figures came in at $161.2 million (Q2 2026), $144.9 million (Q1 2026), and $137.6 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Wise | 12.70 Bn | 12.70 Bn | - | - |
| 2 | Remitly Global | 5.24 Bn | 4.56 Bn | 333.98 Mn | 161.17 Mn |
| 3 | Western Union | 2.20 Bn | 1.28 Bn | 336.50 Mn | 676.70 Mn |
| 4 | International Money Express | 433.73 Mn | 283.10 Mn | - | - |
| 5 | Currenc | 223.76 Mn | 145.13 Mn | 3.70 Mn | 4.95 Mn |
| 6 | Sentage Holdings | 4.77 Mn | 4.77 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 161.17 Mn |
| Mar 31, 2026 | 144.94 Mn |
| Dec 31, 2025 | 137.61 Mn |
| Sep 30, 2025 | 146.73 Mn |
| Jun 30, 2025 | 143.76 Mn |
| Mar 31, 2025 | 121.39 Mn |
| Dec 31, 2024 | 118.39 Mn |
| Sep 30, 2024 | 115.55 Mn |
| Jun 30, 2024 | 107.78 Mn |
| Mar 31, 2024 | 89.88 Mn |
| Dec 31, 2023 | 89.12 Mn |
| Sep 30, 2023 | 85.74 Mn |
| Jun 30, 2023 | 80.19 Mn |
| Mar 31, 2023 | 74.07 Mn |
| Dec 31, 2022 | 71.87 Mn |
| Sep 30, 2022 | 69.87 Mn |
| Jun 30, 2022 | 60.83 Mn |
| Mar 31, 2022 | 56.26 Mn |
| Dec 31, 2021 | 56.43 Mn |
| Sep 30, 2021 | 47.56 Mn |