Remitly Global Inc
NASDAQ:RELY
Net Margin
Remitly Global Inc
Net Margin measures how much net income is generated as a percentage of revenues received. It helps investors assess if a company's management is generating enough profit from its sales and whether operating costs and overhead costs are being contained.
Net Margin Across Competitors
| Country | Company | Market Cap |
Net Margin |
||
|---|---|---|---|---|---|
| US |
|
Remitly Global Inc
NASDAQ:RELY
|
4B USD |
0%
|
|
| US |
|
Visa Inc
NYSE:V
|
736B USD |
52%
|
|
| US |
|
Mastercard Inc
NYSE:MA
|
500.2B USD |
45%
|
|
| US |
|
Automatic Data Processing Inc
NASDAQ:ADP
|
121.2B USD |
20%
|
|
| US |
|
Fiserv Inc
NYSE:FI
|
94.7B USD |
16%
|
|
| US |
|
PayPal Holdings Inc
NASDAQ:PYPL
|
71.5B USD |
14%
|
|
| NL |
|
Adyen NV
AEX:ADYEN
|
49.6B EUR |
41%
|
|
| US |
|
Paychex Inc
NASDAQ:PAYX
|
49.7B USD |
32%
|
|
| US |
|
Fidelity National Information Services Inc
NYSE:FIS
|
42.5B USD |
8%
|
|
| ES |
|
Amadeus IT Group SA
MAD:AMS
|
30.1B EUR |
21%
|
|
| US |
|
Broadridge Financial Solutions Inc
NYSE:BR
|
27.9B USD |
12%
|
Remitly Global Inc
Glance View
In the ever-evolving landscape of digital finance, Remitly Global Inc. has carved a niche by addressing an age-old need: international money transfers. Founded in 2011, this Seattle-based company leverages technology to transform the way people send money across borders. While traditional money transfer services often come with high fees and sluggish service, Remitly offers an alternative rooted in efficiency and customer-centric solutions. Using a mobile-first strategy, the company provides an easy-to-navigate platform that enables users to send funds directly from a smartphone app, touching lives significantly in regions with underserved financial infrastructures. The process is seamless—after users link their bank accounts or debit cards, they can send money to over 100 countries, where recipients can then collect it in local currencies through bank deposits, cash pickups, or mobile wallets. Remitly's revenue model is straightforward yet effective. The company charges a transaction fee for each transfer, which can vary based on currency, amount, and delivery speed. Additionally, they earn a margin on the foreign exchange rates offered to customers, which is slightly above the mid-market rate. By keeping these charges competitive, Remitly not only maximizes its potential customer base but fosters loyalty in a sector where trust is tantamount. This business model has driven rapid growth, positioning Remitly as a trusted partner for millions of immigrants and expatriates who rely on safe, timely money transfers to support their families and communities back home. In essence, Remitly thrives by marrying modern technology with fundamental human connections, redefining cross-border financial services in an increasingly interconnected world.
See Also
Net Margin measures how much net income is generated as a percentage of revenues received. It helps investors assess if a company's management is generating enough profit from its sales and whether operating costs and overhead costs are being contained.
Based on Remitly Global Inc's most recent financial statements, the company has Net Margin of -0.3%.
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