Expensify (EXFY) Gross Margin (2020 - 2026)
Expensify (EXFY) posted Gross Margin of 47.61% for Q1 2026, down 3.2% sequentially from 49.18% in Q4 2025, and down 296.0% YoY from 24.29% in Q1 2025.
Expensify (EXFY) Gross Margin (2020 - 2026) Analysis & Trends
Expensify has reported Gross Margin for 7 years, with the latest figure at 47.61% in Q1 2026.
- Quarterly Gross Margin fell 296.0% year-over-year to 47.61% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 49.61% (down 278.0% YoY) and the FY2025 annual result came in at 50.34%, down 353.0% from the prior year.
- Gross Margin fell to 47.61% in Q1 2026 per EXFY's latest filing, from 49.18% in the prior quarter.
- Over five years, Gross Margin peaked at 64.99% in Q1 2022 and troughed at 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.
- The widest YoY moves for Gross Margin: up 1231 bps in 2022, down 1431 bps in 2022.
- Over 5 years, Gross Margin stood at 62.95% in 2022, then slipped by 16 bps to 53.11% in 2023, then decreased by 4 bps to 50.96% in 2024, then slipped by 3 bps to 49.18% in 2025, then decreased 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 73.08% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 47.67% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 76.92% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 44.93% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 70.68% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 66.61% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 45.88% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 89.20% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 84.61% |
| 10 | Expensify | 211.36 Mn | 145.60 Mn | 16.33 Mn | 48.22% |
Historic Data
Download 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% |