Remitly Global RELY
NASDAQ RELY
$24.82 -1.35 (-5.16%)
As of: Sep 8, 2026 · 3:59 PM EDT

Remitly Global (RELY) Gross Margin (2020 - 2026)

Remitly Global's (RELY) quarterly Gross Margin came in at 67.45% in Q2 2026, up 235.0% year-over-year from 20.13% in Q2 2025, and down 0.8% quarter-over-quarter from 67.99% in Q1 2026.

Analysis

Remitly Global (RELY) Gross Margin (2020 - 2026) Analysis & Trends

Remitly Global (RELY) has reported Gross Margin for 7 consecutive years, with 67.45% the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Gross Margin rose 235.0% year-over-year to 67.45% in Q2 2026; TTM through Jun 2026 was 67.37%, a 151.0% increase from a year earlier, with the FY2025 full-year figure at 66.4%, up 54.0% from the prior year.
  • Gross Margin was 67.45% for Q2 2026 at Remitly Global, down from 67.99% in the prior quarter.
  • Over five years, Gross Margin peaked at 68.88% in Q4 2025 and troughed at 58.63% in Q1 2022.
  • A 5-year average of 64.76% and a median of 65.38% in 2024 frame the typical range for Gross Margin.
  • Across the five-year window, Gross Margin slumped 205 bps in 2022 and jumped 580 bps in 2023, its largest moves.
  • Over 5 years, Gross Margin stood at 62.38% in 2022, then rose by 6 bps to 66.34% in 2023, then gained by 0 bps to 66.36% in 2024, then increased by 4 bps to 68.88% in 2025, then retreated by 2 bps to 67.45% in 2026.
  • The last three Gross Margin figures came in at 67.45% (Q2 2026), 67.99% (Q1 2026), and 68.88% (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Wise 12.70 Bn 12.70 Bn - -
2 Remitly Global 5.24 Bn 4.56 Bn 333.98 Mn 67.45%
3 Western Union 2.20 Bn 1.28 Bn 336.50 Mn 33.21%
4 International Money Express 433.73 Mn 283.10 Mn - -
5 Currenc 223.76 Mn 145.13 Mn 3.70 Mn 42.74%
6 Sentage Holdings 4.77 Mn 4.77 Mn - -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 67.45%
Mar 31, 2026 67.99%
Dec 31, 2025 68.88%
Sep 30, 2025 65.02%
Jun 30, 2025 65.10%
Mar 31, 2025 66.43%
Dec 31, 2024 66.36%
Sep 30, 2024 65.66%
Jun 30, 2024 64.83%
Mar 31, 2024 66.60%
Dec 31, 2023 66.34%
Sep 30, 2023 64.52%
Jun 30, 2023 65.74%
Mar 31, 2023 63.67%
Dec 31, 2022 62.38%
Sep 30, 2022 58.72%
Jun 30, 2022 61.32%
Mar 31, 2022 58.63%
Dec 31, 2021 58.28%
Sep 30, 2021 60.77%