Expensify (EXFY) Gross Margin (2020 - 2026)
Expensify (EXFY) reported Gross Margin of 48.22% for Q2 2026, down 3.72 percentage points from 51.94% a year earlier but up 0.61 percentage points from the prior quarter.
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Analysis
Expensify (EXFY) Gross Margin (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Expensify's Gross Margin came in at 48.67%, down 2.59 percentage points year-over-year; for FY2025, it came in at 50.34%, down 3.53 percentage points from FY2024.
- Gross Margin has declined for three consecutive years, with a five-year change of -12.86 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 53.86% in FY2024 (-1.75 pp), 55.61% in FY2023 (-7.41 pp), 63.03% in FY2022 (+0.62 pp) and 62.41% in FY2021 (-0.79 pp).
- Five-year quarterly Gross Margin spans a low of 47.61% in Q1 2026 and a high of 64.99% in Q1 2022.
- Year over year, Gross Margin has now declined in each of the last seven quarters, with an average year-over-year change of -2.93 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was Q4 2022 (a gain of 12.31 percentage points); the low point was Q4 2021 (a drop of 16.21 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 47.61% (Q1 2026), 49.18% (Q4 2025) and 49.62% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 450.50 Bn | 419.56 Bn | 1.64 Bn | 84.66% |
| 2 | Oracle | 401.01 Bn | 273.57 Bn | - | - |
| 3 | Sap Se | 257.03 Bn | 178.11 Bn | 8.40 Bn | 73.17% |
| 4 | Salesforce | 187.04 Bn | 142.92 Bn | 8.70 Bn | 76.65% |
| 5 | ServiceNow | 135.91 Bn | 114.37 Bn | 2.82 Bn | 70.68% |
| 6 | Automatic Data Processing | 104.14 Bn | 86.27 Bn | 2.51 Bn | 45.88% |
| 7 | Intuit | 72.30 Bn | 51.65 Bn | 3.44 Bn | 79.10% |
| 8 | Relx | 60.17 Bn | 57.14 Bn | - | - |
| 9 | Strategy | 55.31 Bn | 48.30 Bn | 81.55 Mn | 66.64% |
| 10 | Expensify | 197.58 Mn | -59.24 Mn | 16.33 Mn | 48.22% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 48.22% |
| 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% |
API Access
Expensify Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=EXFY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "EXFY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=EXFY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();