Expensify (EXFY) Net Margin (2020 - 2026)
Expensify's (EXFY) quarterly Net Margin came in at 6.88% in Q1 2026, up 190.0% year-on-year from 2.37% in Q1 2025, and up 65.98% quarter-over-quarter from 20.22% in Q4 2025.
Expensify (EXFY) Net Margin (2020 - 2026) Analysis & Trends
Expensify has disclosed Net Margin across 7 years of filings, most recently posting 6.88% for Q1 2026.
- Net Margin for Q1 2026 came in at 6.88%, up 190.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 14.68% (down 802.0% YoY), and the FY2025 annual result 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.
- The 5-year median for Net Margin is 14.83% (2023), against an average of 15.96%.
- Across the five-year window, Net Margin plunged 2720 bps in 2023 and jumped 4038 bps in 2024, its largest moves.
- Expensify's Net Margin stood at 7.81% in 2022, then sank by 162 bps to 20.46% in 2023, then surged by 83 bps to 3.55% in 2024, then tumbled by 470 bps to 20.22% in 2025, then jumped by 66 bps to 6.88% in 2026.
- The last three Net Margin figures came in at 6.88% (Q1 2026), 20.22% (Q4 2025), and 6.6% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 20.22% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 2.29% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | -18.33% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 18.74% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 22.77% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 12.44% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 22.90% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 25.87% |
| 10 | Expensify | 118.55 Mn | 52.03 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% |