Remitly Global (RELY) Tax Rate (2020 - 2026)
Remitly Global (RELY) posted quarterly Tax Rate of 5.8% for Q1 2026, down 1822.0% year-over-year from 0.34% in Q1 2025, and up 141.4% quarter-over-quarter from 14.02% in Q4 2025.
Remitly Global (RELY) Tax Rate (2020 - 2026) Analysis & Trends
Remitly Global (RELY) has reported Tax Rate for 7 consecutive years, with 5.8% the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Rate fell 1822.0% year-over-year to 5.8%; the TTM figure through Mar 2026 stood at 2.88% (down 19237.0% YoY), while the FY2025 annual figure was 5.16%, up 2740.0% from the prior year.
- Tax Rate improved to 5.8% in Q1 2026 per RELY's latest filing, from 14.02% in the prior quarter.
- Across five years, Tax Rate topped out at 49.11% in Q3 2024 and bottomed at 37.38% in Q2 2024.
- Historically, Tax Rate has averaged 2.18% across 5 years, with a median of 0.88% in 2022.
- Annual changes were most pronounced in 2024 — Tax Rate tumbled 3814 bps — and 2025, when it jumped 5683 bps.
- Remitly Global's Tax Rate stood at 2.19% in 2022, then sank by 936 bps to 18.3% in 2023, then jumped by 37 bps to 11.47% in 2024, then declined by 22 bps to 14.02% in 2025, then surged by 141 bps to 5.8% in 2026.
- Business Quant data shows RELY's Tax Rate at 5.8% in Q1 2026, 14.02% in Q4 2025, and 28.93% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 24.84% |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 1.42% |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | -10.34% |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | -13.46% |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 15.97% |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | -1.22% |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 18.14% |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | -10.99% |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 71.11% |
| 10 | Remitly Global | 5.36 Bn | 4.68 Bn | 333.98 Mn | -218.53% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -218.53% |
| Jun 30, 2026 | -218.53% |
| Jun 30, 2026 | -218.53% |
| Mar 31, 2026 | 5.80% |
| Mar 31, 2026 | 5.80% |
| Mar 31, 2026 | 5.80% |
| Dec 31, 2025 | -14.02% |
| Dec 31, 2025 | -14.02% |
| Dec 31, 2025 | -14.02% |
| Sep 30, 2025 | 28.93% |
| Sep 30, 2025 | 28.93% |
| Sep 30, 2025 | 28.93% |
| Jun 30, 2025 | 19.45% |
| Jun 30, 2025 | 19.45% |
| Jun 30, 2025 | 19.45% |
| Mar 31, 2025 | 24.03% |
| Mar 31, 2025 | 24.03% |
| Mar 31, 2025 | 24.03% |
| Dec 31, 2024 | -11.47% |
| Dec 31, 2024 | -11.47% |