Remitly Global (RELY) Gross Margin (2020 - 2026)
Remitly Global (RELY) reported Gross Margin of 94.08% for Q1 2026, up 2765.0% year-over-year from 3.28% in Q1 2025, and up 36.58% quarter-over-quarter from 68.88% in Q4 2025.
Remitly Global (RELY) Gross Margin (2020 - 2026) Analysis & Trends
Remitly Global (RELY) has 7 years of Gross Margin data on file, last reported at 94.08% in Q1 2026.
- Gross Margin for Q1 2026 came in at 94.08%, up 2765.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 80.65% (up 832.0% YoY), and the FY2025 annual result was 66.4%, up 54.0% from the prior year.
- Gross Margin grew to 94.08% in Q1 2026 per RELY's latest filing, from 68.88% in the prior quarter.
- Over five years, Gross Margin peaked at 94.08% in Q1 2026 and troughed at 9.91% in Q4 2022.
- A 5-year average of 70.26% and a median of 66.43% in 2025 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2023: Gross Margin plunged 10023 bps in 2022, then jumped 7625 bps in 2023.
- 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.
- Business Quant data shows RELY's Gross Margin at 94.08% in Q1 2026, 68.88% in Q4 2025, and 93.82% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 67.63% |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | 61.73% |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 88.06% |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 86.78% |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 73.59% |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 76.12% |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 80.29% |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 73.54% |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | 71.21% |
| 10 | Remitly Global | 3.88 Bn | 3.23 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% |