Remitly vs WEX
WEX reported revenue of $2.7 billion in fiscal 2025, 1.6 times Remitly's $1.6 billion in fiscal 2025. Remitly's revenue grew 29.4% in its latest year, and WEX's grew 1.2%. Remitly had an operating margin of 4.7%, against 24.9% at WEX. Free cash flow was $296 million at Remitly and $314 million at WEX.
Side by side
| Remitly | WEX | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $1.6B | $2.7B |
| Revenue growth | 29.4% | 1.2% |
| Revenue growth a year, last 5 years | 44.8% | 11.3% |
| Gross margin | — | 58.6% |
| Operating margin | 4.7% | 24.9% |
| Net margin | 4.2% | 11.4% |
| Free cash flow | $296M | $314M |
| Free cash flow margin | 18.1% | 11.8% |
| Return on capital | 18.7% | — |
| Net debt to EBITDA | −3.8x | −0.3x |
| Dividends and buybacks | $24M | $800M |
| Change in diluted share count | 11.8% | −13.1% |
| Last close | $22.32 | $182.22 |
| P/E at the last close | 13.5× | 15.7× |
| Insider trades, last 12 months | sold $234.2 million | bought $358,675, sold $11.1 million |
| Piotroski F-score | 6 of 8 | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
RemitlyWEX
Operating margin
Percent of revenue
RemitlyWEX
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
RemitlyWEX