Expensify (EXFY) Gross Margin (2020 - 2026)
Expensify recorded quarterly Gross Margin of 47.61% in Q1 2026, down 3.2% quarter-over-quarter from 49.18% in Q4 2025, and down 296.0% year-over-year from 24.29% in Q1 2025.
Expensify's Gross Margin history runs 7 years deep, the most recent figure standing at 47.61% for Q1 2026.
- In Q1 2026, Gross Margin fell 296.0% year-over-year to 47.61%; the TTM figure through Mar 2026 stood at 49.61% (down 278.0% YoY), while the FY2025 annual figure was 50.34%, down 353.0% from the prior year.
- Gross Margin came in at 47.61% for Q1 2026 at Expensify, down from 49.18% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 64.99% in Q1 2022 to a low of 47.61% in Q1 2026.
- A 5-year average of 55.22% and a median of 53.11% in 2023 frame the typical range for Gross Margin.
- On a YoY basis, Gross Margin climbed as much as 1231 bps in 2022 and fell as far as 1431 bps in 2022.
- Expensify's Gross Margin stood at 62.95% in 2022, then decreased by 16 bps to 53.11% in 2023, then retreated by 4 bps to 50.96% in 2024, then decreased by 3 bps to 49.18% in 2025, then retreated by 3 bps to 47.61% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 47.61%, 49.18%, and 49.62% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 72.98% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 77.61% |
| 3 | Uber Technologies | 147.39 Bn | 146.35 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 48.77% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 75.07% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 85.65% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 89.62% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 48.28% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 79.05% |
| 10 | Expensify | 106.84 Mn | 40.31 Mn | 16.17 Mn | 47.61% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 47.61% |
| Dec 31, 2025 | 49.18% |
| Sep 30, 2025 | 49.62% |
| Jun 30, 2025 | 51.94% |
| Mar 31, 2025 | 50.57% |
| Dec 31, 2024 | 50.96% |
| Sep 30, 2024 | 51.58% |
| Jun 30, 2024 | 56.85% |
| Mar 31, 2024 | 56.51% |
| Dec 31, 2023 | 53.11% |
| Sep 30, 2023 | 51.55% |
| Jun 30, 2023 | 56.47% |
| Mar 31, 2023 | 60.66% |
| Dec 31, 2022 | 62.95% |
| Sep 30, 2022 | 61.04% |
| Jun 30, 2022 | 63.22% |
| Mar 31, 2022 | 64.99% |
| Dec 31, 2021 | 50.64% |
| Sep 30, 2021 | 51.41% |
| Jun 30, 2021 | 77.53% |
| Mar 31, 2021 | 74.30% |
| Dec 31, 2020 | 66.85% |
| Sep 30, 2020 | 61.08% |