Remitly Global (RELY) Tax Provisions (2020 - 2026)
Remitly Global (RELY) recorded Tax Provisions of -$141.26 million in Q2 2026, compared with $1.58 million a year earlier.
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Analysis
Remitly Global (RELY) Tax Provisions (2020 - 2026) Analysis & Trends
On a TTM basis, Remitly Global's Tax Provisions came in at -$139.72 million as of Jun 30, 2026; for FY2025, it was $3.7 million, down 45.1% from FY2024.
- Annual Tax Provisions has a five-year compound annual growth rate of 26.0% (FY2020 to FY2025).
- Across earlier years, Tax Provisions came in at $6.73 million in FY2024 (+14.0%), $5.9 million in FY2023 (+465.9%), $1.04 million in FY2022 (unchanged) and $1.04 million in FY2021 (-10.3%).
- The Q2 2026 figure is the lowest quarterly Tax Provisions in data going back to Q3 2020.
- On a year-over-year basis, Tax Provisions rose in three of the last six quarters, with growth averaging 135.7%.
- Peak year-over-year performance for Tax Provisions in the last five years was growth of 617.1% in Q3 2024, against a decline of 89.1% in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $3.02 million (Q1 2026), -$5.07 million (Q4 2025) and $3.59 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 652.63 Bn | 595.95 Bn | - | 1.21 Bn |
| 2 | Mastercard | 490.78 Bn | 450.70 Bn | - | 1.10 Bn |
| 3 | Wise | 14.05 Bn | -73.73 Bn | - | - |
| 4 | Remitly Global | 4.54 Bn | 2.20 Bn | 307.34 Mn | -141.26 Mn |
| 5 | Western Union | 1.86 Bn | -2.15 Bn | 336.50 Mn | 18.70 Mn |
| 6 | International Money Express | 351.86 Mn | -268.28 Mn | - | 2.23 Mn |
| 7 | Currenc | 191.18 Mn | -35.74 Mn | 3.70 Mn | -172,674.00 |
| 8 | Sentage Holdings | 4.77 Mn | 4.77 Mn | - | - |
| 9 | American Express | 206.23 Bn | -1.95 Bn | - | 961.00 Mn |
| 10 | Capital One Financial | 120.55 Bn | 120.55 Bn | - | 798.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -141.26 Mn |
| 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 |
API Access
Remitly Global Tax Provisions 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=tax-provisions&ticker=RELY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-provisions", "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=tax-provisions&ticker=RELY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();