Remitly Global (MEX:RELY) Tax Rate %: -218.53% (As of Jun. 2026)

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MEX:RELY Remitly Global Inc MEX:RELY
62 GF Score
Price MXN420.00
GF Value MXN399.91
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Remitly Global Tax Rate %?

Remitly Global MEX:RELY 62 Tax Rate % is -218.53% as of Jun. 2026. GuruFocus rates MEX:RELY with a GF Score™ of 62/100 and a GF Value™ of MXN399.91 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Remitly Global's Tax Expense for the three months ended in Jun. 2026 was MXN-2,465 Mil. Remitly Global's Pre-Tax Income for the three months ended in Jun. 2026 was MXN1,128 Mil. Therefore, Remitly Global's Tax Rate % for the quarter that ended in Jun. 2026 was -218.53%.

Remitly Global Tax Rate % Related Terms

Remitly Global Tax Rate % Historical Data

* Premium members only.

The historical data trend for Remitly Global's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Remitly Global Tax Rate % Chart

Remitly Global Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Tax Rate %
Get a 7-Day Free Trial -2.77 -0.92 -5.27 -22.24 5.16

Remitly Global Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.45 28.93 -14.02 5.80 -218.53
MEX:RELY
62GF Score
Remitly Global Inc MEX:RELY
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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Remitly Global Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Remitly Global's Tax Rate % for the fiscal year that ended in Dec. 2025 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2025 )/Pre-Tax Income (A: Dec. 2025 )
=66.531/1289.712
=5.16 %

Remitly Global's Tax Rate % for the quarter that ended in Jun. 2026 is calculated as

Tax Rate %=Tax Expense (Q: Jun. 2026 )/Pre-Tax Income (Q: Jun. 2026 )
=-2464.916/1127.973
=-218.53 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of -218.53% mean?
Remitly Global (MEX:RELY) has a Tax Rate % of -218.53% as of Jun. 2026.
Is Remitly Global's Tax Rate % too high?
Remitly Global's current Tax Rate % is -218.53%. Overall, Remitly Global has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Remitly Global's Tax Rate % compare to ACIW and CORZ?
Remitly Global's Tax Rate % of -218.53% can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Software company?
A good Tax Rate % depends on the Software industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Remitly Global's current Tax Rate % is -218.53%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Remitly Global stock overvalued right now?
Based on GuruFocus' analysis, Remitly Global (MEX:RELY) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN399.91, compared to a current price of MXN420.00 — trading 5% above its estimated fair value. The current Tax Rate % is -218.53%. Remitly Global's overall GF Score™ is 62/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Remitly Global (MEX:RELY), the current Tax Rate % is -218.53% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Remitly Global (MEX:RELY) Overvalued in 2026?

Based on GuruFocus' analysis, Remitly Global stock appears to be overvalued. The current stock price of MXN420.00 is trading 5% above its estimated GF Value™ of MXN399.91. GuruFocus considers Remitly Global to be Modestly Overvalued.

Key valuation signals for MEX:RELY:

  • Tax Rate %: -218.53%
  • GF Value™: MXN399.91 vs. price of MXN420.00 (5% above fair value)
  • GF Score™: 62/100 with 6 warning signs

No single metric tells the full story. See the MEX:RELY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Remitly Global Business Description

Other Exchanges RELY:USA
Address 401 Union Street, Suite 1000, Seattle, WA, USA, 98101
Remitly Global Inc provides integrated financial services to immigrants, including helping customers send money internationally in a quick, reliable, and more cost-effective manner by leveraging digital channels. It supports cross-border transmissions across the globe. The company's revenue is generated from transaction fees charged to customers, and foreign exchange spreads between the foreign exchange rate offered to customers and the foreign exchange rate on the company's currency purchases.
62GF Score

Get the complete analysis for MEX:RELY

Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN420.00
Price
MXN399.91
GF Value