Expensify (EXFY) Gross Margin (2020 - 2026)
Expensify (EXFY) reported Gross Margin of 47.61% for Q1 2026, down 296.0% on a YoY basis from 24.29% in Q1 2025, and down 3.2% sequentially from 49.18% in Q4 2025.
Expensify (EXFY) Gross Margin (2020 - 2026) Analysis & Trends
Expensify (EXFY) has 7 years of Gross Margin data on file, last reported at 47.61% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 296.0% year-over-year to 47.61%; the trailing twelve-month figure through Mar 2026 stood at 49.61% (down 278.0% YoY), and the FY2025 full-year result was 50.34%, down 353.0% from the prior year.
- Gross Margin fell to 47.61% in Q1 2026, 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.
- Peak annual rise in Gross Margin reached 1231 bps in 2022, while the deepest fall reached 1431 bps in 2022.
- Tracing EXFY's Gross Margin over 5 years: stood at 62.95% in 2022, then fell by 16 bps to 53.11% in 2023, then declined by 4 bps to 50.96% in 2024, then fell by 3 bps to 49.18% in 2025, then declined by 3 bps to 47.61% in 2026.
- Business Quant data shows EXFY's Gross Margin at 47.61% in Q1 2026, 49.18% in Q4 2025, and 49.62% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 48.77% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 45.03% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 76.92% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 70.68% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 48.28% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 66.61% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 95.85% |
| 10 | Expensify | 163.07 Mn | 96.54 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% |