The historical rank and industry rank for Remitly Global's Pretax Margin % or its related term are showing as below:
RELY'
s Pretax Margin % Range Over the Past 10 Years
Min: -40.4 Med: -12.22 Max: -8.22
Current: -10.31
RELY's Pretax Margin % is ranked worse than 68.31% of 2767
companies
in the Software industry
Industry Median: 2.31
vs RELY: -10.31
Remitly Global Pretax Margin % Historical Data
The historical data trend for Remitly Global's Pretax Margin % 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.
Competitive Comparison of Remitly Global's Pretax Margin %
For the Software - Infrastructure subindustry, Remitly Global's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Remitly Global's Pretax Margin % Distribution in the Software Industry
For the Software industry and Technology sector, Remitly Global's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Remitly Global's Pretax Margin % falls into.
Remitly Global Pretax Margin % Calculation
Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.
Remitly Global's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as
* 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 (NAS:RELY) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Remitly Global Pretax Margin % Related Terms
Thank you for viewing the detailed overview of Remitly Global's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Remitly Global (Remitly Global) Business Description
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 on 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.
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