Expensify (EXFY) Cost of Revenue (2020 - 2026)
Expensify's (EXFY) quarterly Cost of Revenue came in at $17.5 million in Q2 2026, up 2.03% year-over-year from $17.2 million in Q2 2025, and down 1.47% quarter-over-quarter from $17.8 million in Q1 2026.
Analysis
Expensify (EXFY) Cost of Revenue (2020 - 2026) Analysis & Trends
Expensify has disclosed Cost of Revenue across 7 years of filings, most recently posting $17.5 million for Q2 2026.
- In Q2 2026, Cost of Revenue rose 2.03% year-over-year to $17.5 million; the TTM figure through Jun 2026 stood at $70.9 million (up 0.82% YoY), while the FY2025 annual figure was $70.6 million, up 9.86% from the prior year.
- Cost of Revenue came in at $17.5 million for Q2 2026 at Expensify, down from $17.8 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $18.1 million in Q4 2024 to a low of $14.1 million in Q1 2022.
- Average Cost of Revenue over 5 years is $16.7 million, with a median of $17.0 million recorded in 2023.
- The largest YoY upside for Cost of Revenue was 100.1% in 2022 against a maximum downside of 19.17% in 2022.
- Over 5 years, Cost of Revenue stood at $16.1 million in 2022, then advanced by 2.5% to $16.5 million in 2023, then climbed by 9.93% to $18.1 million in 2024, then declined by 1.43% to $17.9 million in 2025, then declined by 1.97% to $17.5 million in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $17.5 million in Q2 2026, $17.8 million in Q1 2026, and $17.9 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuit | 91.01 Bn | 84.23 Bn | 7.24 Bn | 1.32 Bn |
| 2 | Clearwater Analytics Holdings | 7.30 Bn | 7.22 Bn | 145.55 Mn | 75.68 Mn |
| 3 | Navan | 7.02 Bn | 6.34 Bn | 163.06 Mn | 57.18 Mn |
| 4 | BILL Holdings | 4.52 Bn | 2.59 Bn | 356.19 Mn | 80.00 Mn |
| 5 | Blackline | 1.91 Bn | 1.41 Bn | 142.68 Mn | 45.14 Mn |
| 6 | Expensify | 218.72 Mn | 152.96 Mn | 16.33 Mn | 17.54 Mn |
| 7 | Ankam | 27.35 Mn | 27.34 Mn | 44,900.00 | 31,479.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.54 Mn |
| Mar 31, 2026 | 17.80 Mn |
| Dec 31, 2025 | 17.89 Mn |
| Sep 30, 2025 | 17.67 Mn |
| Jun 30, 2025 | 17.19 Mn |
| Mar 31, 2025 | 17.83 Mn |
| Dec 31, 2024 | 18.15 Mn |
| Sep 30, 2024 | 17.15 Mn |
| Jun 30, 2024 | 14.36 Mn |
| Mar 31, 2024 | 14.58 Mn |
| Dec 31, 2023 | 16.51 Mn |
| Sep 30, 2023 | 17.68 Mn |
| Jun 30, 2023 | 16.93 Mn |
| Mar 31, 2023 | 15.78 Mn |
| Dec 31, 2022 | 16.11 Mn |
| Sep 30, 2022 | 16.55 Mn |
| Jun 30, 2022 | 15.88 Mn |
| Mar 31, 2022 | 14.13 Mn |
| Dec 31, 2021 | 19.93 Mn |
| Sep 30, 2021 | 18.20 Mn |