Remitly Global (RELY) Gross Margin (2020 - 2026)
Remitly Global (RELY) recorded Gross Margin of 62.07% in Q2 2026, up 3.06 percentage points from 59.01% a year earlier and unchanged from the prior quarter.
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Analysis
Remitly Global (RELY) Gross Margin (2020 - 2026) Analysis & Trends
On a TTM basis, Remitly Global's Gross Margin came in at 61.46% as of Jun 30, 2026, up 1.85 percentage points year-over-year; for FY2025, it was 60.21%, up 0.99 percentage points from FY2024.
- Annual Gross Margin has increased for six straight years, with a five-year change of +13.07 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 59.21% in FY2024 (+2.81 pp), 56.41% in FY2023 (+6.43 pp), 49.98% in FY2022 (+1.68 pp) and 48.29% in FY2021 (+1.16 pp).
- Quarterly Gross Margin has ranged from 48.00% in Q3 2022 to 62.73% in Q4 2025 over the past five years.
- On a year-over-year basis, Gross Margin has increased for three consecutive quarters, with an average year-over-year change of +1.70 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 7.74 percentage points in Q3 2023, against a drop of 2.87 percentage points in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 62.07% (Q1 2026), 62.73% (Q4 2025) and 58.73% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 655.82 Bn | 599.14 Bn | - | - |
| 2 | Mastercard | 494.77 Bn | 454.69 Bn | - | - |
| 3 | Wise | 14.20 Bn | -73.58 Bn | - | - |
| 4 | Remitly Global | 4.63 Bn | 2.29 Bn | 307.34 Mn | 62.07% |
| 5 | Western Union | 1.91 Bn | -2.10 Bn | 336.50 Mn | 33.21% |
| 6 | International Money Express | 351.86 Mn | -268.28 Mn | - | - |
| 7 | Currenc | 191.18 Mn | -35.74 Mn | 3.70 Mn | 42.74% |
| 8 | Sentage Holdings | 4.83 Mn | 4.83 Mn | - | - |
| 9 | American Express | 206.73 Bn | -1.45 Bn | - | - |
| 10 | Capital One Financial | 120.55 Bn | 120.55 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 62.07% |
| Mar 31, 2026 | 62.07% |
| Dec 31, 2025 | 62.73% |
| Sep 30, 2025 | 58.73% |
| Jun 30, 2025 | 59.01% |
| Mar 31, 2025 | 60.19% |
| Dec 31, 2024 | 60.10% |
| Sep 30, 2024 | 59.19% |
| Jun 30, 2024 | 58.30% |
| Mar 31, 2024 | 59.13% |
| Dec 31, 2023 | 58.82% |
| Sep 30, 2023 | 55.75% |
| Jun 30, 2023 | 56.56% |
| Mar 31, 2023 | 53.89% |
| Dec 31, 2022 | 52.31% |
| Sep 30, 2022 | 48.00% |
| Jun 30, 2022 | 50.60% |
| Mar 31, 2022 | 48.44% |
| Dec 31, 2021 | 48.60% |
| Sep 30, 2021 | 50.87% |
API Access
Remitly Global Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=RELY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "RELY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=RELY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();