Remitly Global (RELY) Tax Provisions (2020 - 2026)
Remitly Global's (RELY) quarterly Tax Provisions came in at $3.0 million in Q1 2026, down 15.82% year-on-year from $3.6 million in Q1 2025, and up 159.64% on a QoQ basis from -$5.1 million in Q4 2025.
Remitly Global (RELY) Tax Provisions (2020 - 2026) Analysis & Trends
Remitly Global (RELY) has 7 years of Tax Provisions data on file, last reported at $3.0 million in Q1 2026.
- On a quarterly basis, Tax Provisions fell 15.82% year-over-year to $3.0 million in Q1 2026; TTM through Mar 2026 was $3.1 million, a 66.44% decrease from a year earlier, with the FY2025 full-year figure at $3.7 million, down 45.07% from the prior year.
- Tax Provisions for Q1 2026 stood at $3.0 million, up 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.
- Historically, Tax Provisions has averaged $1.2 million across 5 years, with a median of $662000.0 in 2022.
- Across the five-year window, Tax Provisions jumped 2400.7% in 2024 and plunged 960.27% in 2025, its largest moves.
- Year by year, Tax Provisions stood at -$434000.0 in 2022, then surged 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 surged by 159.64% to $3.0 million in 2026.
- Per Business Quant data, the three most recent Tax Provisions figures were $3.0 million in Q1 2026, -$5.1 million in Q4 2025, and $3.6 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 7.56 Bn |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | -14.25 Mn |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | -555.00 Mn |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | 12.20 Mn |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 117.00 Mn |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | -3.60 Mn |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 122.00 Mn |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | 1.50 Mn |
| 10 | Remitly Global | 4.89 Bn | 4.24 Bn | 307.86 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 |