Expensify (EXFY) Gross Margin (2020 - 2026)

Expensify has disclosed Gross Margin across 7 years of filings, most recently posting 48.22% for Q2 2026.

• In Q2 2026, Gross Margin fell 372.0% year-over-year to 48.22%; the TTM figure through Jun 2026 stood at 48.67% (down 259.0% YoY), while the FY2025 annual figure was 50.34%, down 353.0% from the prior year.
• Gross Margin came in at 48.22% for Q2 2026 at Expensify, up from 47.61% 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.
• Average Gross Margin over 5 years is 54.84%, with a median of 52.53% recorded in 2025.
• The largest YoY upside for Gross Margin was 1231 bps in 2022 against a maximum downside of 1431 bps in 2022.
• Over 5 years, Gross Margin stood at 62.95% in 2022, then retreated by 16 bps to 53.11% in 2023, then fell by 4 bps to 50.96% in 2024, then retreated by 3 bps to 49.18% in 2025, then decreased by 2 bps to 48.22% in 2026.
• Per Business Quant data, the three most recent Gross Margin figures were 48.22% in Q2 2026, 47.61% in Q1 2026, and 49.18% in Q4 2025.