Expensify (EXFY) Net Margin (2020 - 2026)
Expensify recorded quarterly Net Margin of 6.88% in Q1 2026, up 65.98% quarter-over-quarter from 20.22% in Q4 2025, and up 190.0% year-over-year from 2.37% in Q1 2025.
Expensify's Net Margin history runs 7 years deep, the most recent figure standing at 6.88% for Q1 2026.
- In Q1 2026, Net Margin rose 190.0% year-over-year to 6.88%; the TTM figure through Mar 2026 stood at 14.68% (down 802.0% YoY), while the FY2025 annual figure was 15.05%, down 783.0% from the prior year.
- Net Margin came in at 6.88% for Q1 2026 at Expensify, up from 20.22% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 3.55% in Q4 2024 to a low of 46.59% in Q3 2023.
- A 5-year average of 15.96% and a median of 14.83% in 2023 frame the typical range for Net Margin.
- Across the five-year window, Net Margin tumbled 2720 bps in 2023 and surged 4038 bps in 2024, its largest moves.
- Expensify's Net Margin stood at 7.81% in 2022, then plunged by 162 bps to 20.46% in 2023, then soared by 83 bps to 3.55% in 2024, then slumped by 470 bps to 20.22% in 2025, then surged by 66 bps to 6.88% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 6.88%, 20.22%, and 6.6% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 20.22% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 17.47% |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 2.29% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | -18.33% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 12.44% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 22.77% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 29.52% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 22.90% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 35.80% |
| 10 | Expensify | 106.84 Mn | 40.31 Mn | 16.17 Mn | -6.88% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -6.88% |
| Dec 31, 2025 | -20.22% |
| Sep 30, 2025 | -6.60% |
| Jun 30, 2025 | -24.57% |
| Mar 31, 2025 | -8.78% |
| Dec 31, 2024 | -3.55% |
| Sep 30, 2024 | -6.21% |
| Jun 30, 2024 | -8.30% |
| Mar 31, 2024 | -11.27% |
| Dec 31, 2023 | -20.46% |
| Sep 30, 2023 | -46.59% |
| Jun 30, 2023 | -29.07% |
| Mar 31, 2023 | -14.83% |
| Dec 31, 2022 | -7.81% |
| Sep 30, 2022 | -19.40% |
| Jun 30, 2022 | -18.52% |
| Mar 31, 2022 | -18.27% |
| Dec 31, 2021 | -40.29% |
| Sep 30, 2021 | -16.94% |
| Jun 30, 2021 | 5.45% |
| Mar 31, 2021 | 8.40% |
| Dec 31, 2020 | 6.77% |
| Sep 30, 2020 | -31.98% |