Remitly Global (RELY) Tax Provisions (2020 - 2026)
Remitly Global (RELY) posted quarterly Tax Provisions of $3.0 million for Q1 2026, down 15.82% year-over-year from $3.6 million in Q1 2025, and up 159.64% quarter-over-quarter from -$5.1 million in Q4 2025.
Remitly Global (RELY) Tax Provisions (2020 - 2026) Analysis & Trends
Remitly Global (RELY) has reported Tax Provisions for 7 consecutive years, with $3.0 million the latest figure, recorded in 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 improved to $3.0 million in Q1 2026 per RELY's latest filing, from -$5.1 million in the prior quarter.
- Across five years, Tax Provisions topped out at $5.4 million in Q4 2023 and bottomed at -$5.1 million in Q4 2025.
- Historically, Tax Provisions has averaged $1.2 million across 5 years, with a median of $662000.0 in 2022.
- Annual changes were most pronounced in 2024 — Tax Provisions soared 2400.7% — and 2025, when it slumped 960.27%.
- Remitly Global's Tax Provisions stood at -$434000.0 in 2022, then soared by 1348.16% to $5.4 million in 2023, then sank by 89.13% to $589000.0 in 2024, then plunged by 960.27% to -$5.1 million in 2025, then soared by 159.64% to $3.0 million in 2026.
- Business Quant data shows RELY's Tax Provisions at $3.0 million in Q1 2026, -$5.1 million in Q4 2025, and $3.6 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 10.94 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 15.38 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | -555.00 Mn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 21.00 Mn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 115.00 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 2.04 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 14.34 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 62.00 Mn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 214.41 Mn |
| 10 | Remitly Global | 5.36 Bn | 4.68 Bn | 333.98 Mn | -141.26 Mn |
Historic Data
Download 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 |