Expensify (EXFY) Net Margin (2020 - 2026)

Expensify (EXFY) posted Net Margin of 6.88% for Q1 2026, up 65.98% sequentially from 20.22% in Q4 2025, and up 190.0% YoY from 2.37% in Q1 2025.

Expensify (EXFY) Net Margin (2020 - 2026) Analysis & Trends

Expensify has reported Net Margin for 7 years, with the latest figure at 6.88% in Q1 2026.

Quarterly Net Margin rose 190.0% year-over-year to 6.88% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 14.68% (down 802.0% YoY) and the FY2025 annual result came in at 15.05%, down 783.0% from the prior year.
Net Margin advanced to 6.88% in Q1 2026 per EXFY's latest filing, from 20.22% in the prior quarter.
Over five years, Net Margin peaked at 3.55% in Q4 2024 and troughed at 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.
The sharpest annual moves came in 2023 and 2024: Net Margin plunged 2720 bps in 2023, then soared 4038 bps in 2024.
Over 5 years, Net Margin stood at 7.81% in 2022, then sank by 162 bps to 20.46% in 2023, then jumped by 83 bps to 3.55% in 2024, then tumbled by 470 bps to 20.22% in 2025, then soared 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.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Net Margin (Qtr)
1	Sap Se	255.48 Bn	234.41 Bn	16.51 Bn	21.16%
2	Shopify	198.95 Bn	194.00 Bn	1.71 Bn	41.92%
3	Salesforce	160.70 Bn	148.86 Bn	8.56 Bn	18.93%
4	Uber Technologies	154.94 Bn	149.73 Bn	6.38 Bn	17.17%
5	ServiceNow	128.25 Bn	123.58 Bn	2.82 Bn	7.47%
6	Snowflake	114.00 Bn	111.05 Bn	926.45 Mn	-21.25%
7	Automatic Data Processing	108.58 Bn	104.35 Bn	2.51 Bn	17.88%
8	Adobe	105.34 Bn	99.72 Bn	5.90 Bn	25.87%
9	Intuit	94.55 Bn	87.77 Bn	7.24 Bn	35.80%
10	Expensify	211.36 Mn	145.60 Mn	16.33 Mn	-11.37%

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