Remitly
RELY
$17.77
Share price
-3.58%
Change (1 day)
5.96%
Change (1 year)
Categories
Operating Margin for Remitly (RELY)
Operating Margin as of April 2024 (TTM): -12.26%
According to Remitly's latest financial reports and stock price the company's current Operating Margin is -12.26%. At the end of 2022 the company had an Operating Margin of -17.29%.
Operating Margin history for Remitly from 2021 to 2023
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 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.