Remitly Global (RELY) Tax Provisions (2020 - 2026)
Remitly Global's (RELY) quarterly Tax Provisions came in at -$141.3 million in Q2 2026, down 9052.09% year-over-year from $1.6 million in Q2 2025, and down 4774.52% quarter-over-quarter from $3.0 million in Q1 2026.
Analysis
Remitly Global (RELY) Tax Provisions (2020 - 2026) Analysis & Trends
Remitly Global (RELY) has reported Tax Provisions for 7 consecutive years, with -$141.3 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Tax Provisions fell 9052.09% year-over-year to -$141.3 million in Q2 2026; TTM through Jun 2026 was -$139.7 million, a 1936.66% decrease from a year earlier, with the FY2025 full-year figure at $3.7 million, down 45.07% from the prior year.
- Tax Provisions was -$141.3 million for Q2 2026 at Remitly Global, down from $3.0 million in the prior quarter.
- Over five years, Tax Provisions peaked at $5.4 million in Q4 2023 and troughed at -$141.3 million in Q2 2026.
- A 5-year average of -$6.7 million and a median of $625500.0 in 2022 frame the typical range for Tax Provisions.
- Across the five-year window, Tax Provisions surged 2400.7% in 2024 and tumbled 9052.09% in 2026, its largest moves.
- Over 5 years, Tax Provisions stood at -$434000.0 in 2022, then jumped 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 sank by 2687.92% to -$141.3 million in 2026.
- The last three Tax Provisions figures came in at -$141.3 million (Q2 2026), $3.0 million (Q1 2026), and -$5.1 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Wise | 12.70 Bn | 12.70 Bn | - | - |
| 2 | Remitly Global | 5.24 Bn | 4.56 Bn | 333.98 Mn | -141.26 Mn |
| 3 | Western Union | 2.20 Bn | 1.28 Bn | 336.50 Mn | 18.70 Mn |
| 4 | International Money Express | 433.73 Mn | 283.10 Mn | - | 2.23 Mn |
| 5 | Currenc | 223.76 Mn | 145.13 Mn | 3.70 Mn | 47,337.00 |
| 6 | Sentage Holdings | 4.77 Mn | 4.77 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 |