Remitly Global (RELY) Tax Rate (2024 - 2026)
Remitly Global (RELY) posted Tax Rate of -218.53% for Q2 2026, down 237.97 percentage points from 19.45% a year earlier and down 224.33 percentage points from the prior quarter.
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Analysis
Remitly Global (RELY) Tax Rate (2024 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Tax Rate at Remitly Global was -84.53%, down 119.60 percentage points year-over-year; for FY2025, it came in at 5.16%, up 27.40 percentage points from FY2024.
- Annual Tax Rate shows a five-year change of +8.86 percentage points (FY2020 to FY2025).
- In prior years, Remitly Global's Tax Rate was -22.24% in FY2024 (-16.96 pp), -5.27% in FY2023 (-4.35 pp), -0.92% in FY2022 (+1.84 pp) and -2.77% in FY2021 (+0.94 pp).
- The Q2 2026 figure stands as the lowest quarterly Tax Rate in data going back to Q3 2020.
- On a year-over-year basis, Tax Rate has declined in each of the last four quarters, with an average year-over-year change of -17.05 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Tax Rate in the past five years was Q2 2025, with a gain of 56.83 percentage points; the weakest was Q2 2026, with a drop of 237.97 percentage points.
- According to Business Quant data, Tax Rate for the three prior quarters was 5.80% (Q1 2026), -14.02% (Q4 2025) and 28.93% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 655.82 Bn | 599.14 Bn | - | 17.64% |
| 2 | Mastercard | 494.77 Bn | 454.69 Bn | - | 20.01% |
| 3 | Wise | 14.20 Bn | -73.58 Bn | - | - |
| 4 | Remitly Global | 4.63 Bn | 2.29 Bn | 307.34 Mn | - |
| 5 | Western Union | 1.91 Bn | -2.10 Bn | 336.50 Mn | 19.60% |
| 6 | International Money Express | 351.86 Mn | -268.28 Mn | - | 34.61% |
| 7 | Currenc | 191.18 Mn | -35.74 Mn | 3.70 Mn | - |
| 8 | Sentage Holdings | 4.83 Mn | 4.83 Mn | - | - |
| 9 | American Express | 206.73 Bn | -1.45 Bn | - | 23.61% |
| 10 | Capital One Financial | 120.55 Bn | 120.55 Bn | - | 20.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 5.80% |
| Sep 30, 2025 | 28.93% |
| Jun 30, 2025 | 19.45% |
| Mar 31, 2025 | 24.03% |
| Sep 30, 2024 | 49.11% |
API Access
Remitly Global Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=RELY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "RELY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=RELY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();