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
DateValue
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