Remitly Global (RELY) Tax Rate (2020 - 2026)
Remitly Global (RELY) reported 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 7 years of Tax Rate data on file, last reported at 5.8% in Q1 2026.
- Tax Rate for Q1 2026 came in at 5.8%, down 1822.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 2.88% (down 19237.0% YoY), and the FY2025 annual result was 5.16%, up 2740.0% from the prior year.
- Tax Rate grew to 5.8% in Q1 2026 per RELY's latest filing, from 14.02% in the prior quarter.
- Over five years, Tax Rate peaked at 49.11% in Q3 2024 and troughed at 37.38% in Q2 2024.
- A 5-year average of 2.18% and a median of 0.88% in 2022 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2024 and 2025: Tax Rate tumbled 3814 bps in 2024, then jumped 5683 bps in 2025.
- A 5-year view of Tax Rate shows it stood at 2.19% in 2022, then plunged by 936 bps to 18.3% in 2023, then soared by 37 bps to 11.47% in 2024, then dropped by 22 bps to 14.02% in 2025, then jumped 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 | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 19.22% |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | 23.68% |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 15.74% |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 1.37% |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 21.31% |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | -6.22% |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 18.58% |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 18.14% |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | -7.01% |
| 10 | Remitly Global | 3.88 Bn | 3.23 Bn | 425.99 Mn | 5.80% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.80% |
| Mar 31, 2026 | 5.80% |
| Dec 31, 2025 | -14.02% |
| Dec 31, 2025 | -14.02% |
| Sep 30, 2025 | 28.93% |
| Sep 30, 2025 | 28.93% |
| Jun 30, 2025 | 19.45% |
| Jun 30, 2025 | 19.45% |
| Mar 31, 2025 | 24.03% |
| Mar 31, 2025 | 24.03% |
| Dec 31, 2024 | -11.47% |
| Dec 31, 2024 | -11.47% |
| Sep 30, 2024 | 49.11% |
| Sep 30, 2024 | 49.11% |
| Jun 30, 2024 | -37.38% |
| Jun 30, 2024 | -37.38% |
| Mar 31, 2024 | -4.97% |
| Mar 31, 2024 | -4.97% |
| Dec 31, 2023 | -18.30% |
| Dec 31, 2023 | -18.30% |