Remitly Global (RELY) Tax Provisions (2020 - 2026)
Remitly Global (RELY) posted quarterly Tax Provisions of $3.0 million for Q1 2026, down 15.82% YoY from $3.6 million in Q1 2025, and up 159.64% sequentially from -$5.1 million in Q4 2025.
Remitly Global (RELY) Tax Provisions (2020 - 2026) Analysis & Trends
Remitly Global has disclosed Tax Provisions across 7 years of filings, most recently posting $3.0 million for Q1 2026.
- In Q1 2026, Tax Provisions fell 15.82% year-over-year to $3.0 million; the TTM figure through Mar 2026 stood at $3.1 million (down 66.44% YoY), while the FY2025 annual figure was $3.7 million, down 45.07% from the prior year.
- Tax Provisions climbed to $3.0 million in Q1 2026, from -$5.1 million in the prior quarter.
- Over the last five years, Tax Provisions for RELY reached as high as $5.4 million in Q4 2023 and fell as low as -$5.1 million in Q4 2025.
- The 5-year median for Tax Provisions is $662000.0 (2022), against an average of $1.2 million.
- Annual changes were most pronounced in 2024 — Tax Provisions soared 2400.7% — and 2025, when it plunged 960.27%.
- A 5-year view of Tax Provisions shows it stood at -$434000.0 in 2022, then surged by 1348.16% to $5.4 million in 2023, then slumped by 89.13% to $589000.0 in 2024, then sank by 960.27% to -$5.1 million in 2025, then surged by 159.64% to $3.0 million in 2026.
- According to Business Quant data, Tax Provisions over the past three periods registered $3.0 million, -$5.1 million, and $3.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 7.56 Bn |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 1.07 Bn |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 12.20 Mn |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 117.00 Mn |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | -3.60 Mn |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 122.00 Mn |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 1.50 Mn |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 14.34 Mn |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | -84.00 Mn |
| 10 | Remitly Global | 4.84 Bn | 4.19 Bn | 425.99 Mn | 3.02 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.02 Mn |
| Dec 31, 2025 | -5.07 Mn |
| Sep 30, 2025 | 3.59 Mn |
| Jun 30, 2025 | 1.58 Mn |
| Mar 31, 2025 | 3.59 Mn |
| Dec 31, 2024 | 589,000.00 |
| Sep 30, 2024 | 1.85 Mn |
| Jun 30, 2024 | 3.29 Mn |
| Mar 31, 2024 | 998,000.00 |
| Dec 31, 2023 | 5.42 Mn |
| Sep 30, 2023 | 258,000.00 |
| Jun 30, 2023 | -143,000.00 |
| Mar 31, 2023 | 370,000.00 |
| Dec 31, 2022 | -434,000.00 |
| Sep 30, 2022 | 287,000.00 |
| Jun 30, 2022 | 662,000.00 |
| Mar 31, 2022 | 528,000.00 |
| Dec 31, 2021 | -42,000.00 |
| Sep 30, 2021 | 261,000.00 |
| Jun 30, 2021 | 454,000.00 |