Growth Metrics

Expensify (EXFY) Gross Margin (2020 - 2025)

Expensify (EXFY) has disclosed Gross Margin for 6 consecutive years, with 49.18% as the latest value for Q4 2025.

  • Quarterly Gross Margin fell 178.0% to 49.18% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 50.34% through Dec 2025, down 353.0% year-over-year, with the annual reading at 50.34% for FY2025, 353.0% down from the prior year.
  • Gross Margin hit 49.18% in Q4 2025 for Expensify, down from 49.62% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 77.53% in Q2 2021 to a low of 49.18% in Q4 2025.
  • Historically, Gross Margin has averaged 57.25% across 5 years, with a median of 54.79% in 2023.
  • Biggest five-year swings in Gross Margin: tumbled -1621bps in 2021 and later surged 1231bps in 2022.
  • Year by year, Gross Margin stood at 50.64% in 2021, then rose by 24bps to 62.95% in 2022, then fell by -16bps to 53.11% in 2023, then decreased by -4bps to 50.96% in 2024, then fell by -3bps to 49.18% in 2025.
  • Business Quant data shows Gross Margin for EXFY at 49.18% in Q4 2025, 49.62% in Q3 2025, and 51.94% in Q2 2025.