Remitly
RELY
#3068
Rank
$4.05 B
Marketcap
$20.46
Share price
2.45%
Change (1 day)
-5.84%
Change (1 year)

Operating Margin for Remitly (RELY)

Operating Margin as of November 2024 (TTM): -4.38%

According to Remitly's latest financial reports and stock price the company's current Operating Margin is -4.38%. At the end of 2023 the company had an Operating Margin of -11.85%.

Operating Margin history for Remitly from 2021 to 2024

Operating Margin at the end of each year

Year Operating Margin Change
2023-11.85%-31.42%
2022-17.29%110.21%
2021-8.22%-32.71%
2020-12.22%-69.75%
2019-40.40%

What is a company's Operating Margin?

The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.