Remitly Global (RELY) Gross Margin (2020 - 2026)
Remitly Global (RELY) posted quarterly Gross Margin of 67.99% for Q1 2026, down 2584.0% year-over-year from 2.74% in Q1 2025, and up 973.08% quarter-over-quarter from 7.79% in Q4 2025.
Remitly Global (RELY) Gross Margin (2020 - 2026) Analysis & Trends
Remitly Global (RELY) has reported Gross Margin for 7 consecutive years, with 67.99% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin fell 2584.0% year-over-year to 67.99%; the TTM figure through Mar 2026 stood at 54.14% (down 5123.0% YoY), while the FY2025 annual figure was 66.4%, down 2706.0% from the prior year.
- Gross Margin advanced to 67.99% in Q1 2026 per RELY's latest filing, from 7.79% in the prior quarter.
- Across five years, Gross Margin topped out at 165.49% in Q4 2024 and bottomed at 9.91% in Q4 2022.
- Historically, Gross Margin has averaged 74.44% across 5 years, with a median of 89.28% in 2022.
- Annual changes were most pronounced in 2024 — Gross Margin jumped 9915 bps — and 2025, when it tumbled 17328 bps.
- Remitly Global's Gross Margin stood at 9.91% in 2022, then surged by 770 bps to 66.34% in 2023, then soared by 149 bps to 165.49% in 2024, then sank by 105 bps to 7.79% in 2025, then surged by 973 bps to 67.99% in 2026.
- Business Quant data shows RELY's Gross Margin at 67.99% in Q1 2026, 7.79% in Q4 2025, and 93.71% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 67.20% |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 84.66% |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | - |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 67.55% |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 80.24% |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 71.76% |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 73.54% |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 65.86% |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 47.84% |
| 10 | Remitly Global | 5.36 Bn | 4.68 Bn | 333.98 Mn | 67.45% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 67.45% |
| Mar 31, 2026 | 67.99% |
| Dec 31, 2025 | -7.79% |
| Sep 30, 2025 | 93.71% |
| Jun 30, 2025 | 65.10% |
| Mar 31, 2025 | 93.83% |
| Dec 31, 2024 | 165.49% |
| Sep 30, 2024 | 65.66% |
| Jun 30, 2024 | 93.56% |
| Mar 31, 2024 | 92.66% |
| Dec 31, 2023 | 66.34% |
| Sep 30, 2023 | 91.23% |
| Jun 30, 2023 | 90.82% |
| Mar 31, 2023 | 90.22% |
| Dec 31, 2022 | -9.91% |
| Sep 30, 2022 | 58.72% |
| Jun 30, 2022 | 89.28% |
| Mar 31, 2022 | 58.63% |
| Dec 31, 2021 | 90.32% |
| Sep 30, 2021 | 90.10% |