Remitly Global (RELY) Gross Margin (2020 - 2026)
Remitly Global (RELY) posted quarterly Gross Margin of 94.08% for Q1 2026, up 2765.0% YoY from 3.28% in Q1 2025, and up 36.58% sequentially from 68.88% in Q4 2025.
Remitly Global (RELY) Gross Margin (2020 - 2026) Analysis & Trends
Remitly Global has disclosed Gross Margin across 7 years of filings, most recently posting 94.08% for Q1 2026.
- In Q1 2026, Gross Margin rose 2765.0% year-over-year to 94.08%; the TTM figure through Mar 2026 stood at 80.65% (up 832.0% YoY), while the FY2025 annual figure was 66.4%, up 54.0% from the prior year.
- Gross Margin climbed to 94.08% in Q1 2026, from 68.88% in the prior quarter.
- Over the last five years, Gross Margin for RELY reached as high as 94.08% in Q1 2026 and fell as low as 9.91% in Q4 2022.
- The 5-year median for Gross Margin is 66.43% (2025), against an average of 70.26%.
- Annual changes were most pronounced in 2022 — Gross Margin slumped 10023 bps — and 2023, when it jumped 7625 bps.
- A 5-year view of Gross Margin shows it stood at 9.91% in 2022, then jumped by 770 bps to 66.34% in 2023, then advanced by 0 bps to 66.36% in 2024, then rose by 4 bps to 68.88% in 2025, then soared by 37 bps to 94.08% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 94.08%, 68.88%, and 93.82% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 67.63% |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 89.22% |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 86.78% |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 73.59% |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 76.12% |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 80.29% |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 71.21% |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 73.54% |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 48.03% |
| 10 | Remitly Global | 4.84 Bn | 4.19 Bn | 425.99 Mn | 94.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 94.08% |
| Dec 31, 2025 | 68.88% |
| Sep 30, 2025 | 93.82% |
| Jun 30, 2025 | 65.10% |
| Mar 31, 2025 | 66.43% |
| Dec 31, 2024 | 66.36% |
| Sep 30, 2024 | 65.66% |
| Jun 30, 2024 | 93.47% |
| Mar 31, 2024 | 66.60% |
| Dec 31, 2023 | 66.34% |
| Sep 30, 2023 | 64.52% |
| Jun 30, 2023 | 65.74% |
| Mar 31, 2023 | 90.22% |
| Dec 31, 2022 | -9.91% |
| Sep 30, 2022 | 89.28% |
| Jun 30, 2022 | 89.28% |
| Mar 31, 2022 | 58.63% |
| Dec 31, 2021 | 90.32% |
| Sep 30, 2021 | 60.77% |
| Jun 30, 2021 | 89.38% |