Expensify (EXFY) Operating Expenses (2020 - 2026)
Expensify's (EXFY) quarterly Operating Expenses came in at $19.3 million in Q2 2026, down 33.42% year-over-year from $28.9 million in Q2 2025, and up 6.11% quarter-over-quarter from $18.1 million in Q1 2026.
Analysis
Expensify (EXFY) Operating Expenses (2020 - 2026) Analysis & Trends
Expensify has disclosed Operating Expenses across 7 years of filings, most recently posting $19.3 million for Q2 2026.
- In Q2 2026, Operating Expenses fell 33.42% year-over-year to $19.3 million; the TTM figure through Jun 2026 stood at $78.3 million (down 7.9% YoY), while the FY2025 annual figure was $89.5 million, up 18.11% from the prior year.
- Operating Expenses came in at $19.3 million for Q2 2026 at Expensify, up from $18.1 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $33.7 million in Q3 2023 to a low of $18.0 million in Q3 2024.
- Average Operating Expenses over 5 years is $24.5 million, with a median of $23.0 million recorded in 2023.
- Year-over-year, Operating Expenses surged 194.84% in 2022 and tumbled 46.68% in 2024.
- Over 5 years, Operating Expenses stood at $28.1 million in 2022, then fell by 12.04% to $24.7 million in 2023, then dropped by 25.5% to $18.4 million in 2024, then grew by 15.53% to $21.2 million in 2025, then retreated by 9.39% to $19.3 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $19.3 million in Q2 2026, $18.1 million in Q1 2026, and $21.2 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuit | 91.01 Bn | 84.23 Bn | 7.24 Bn | 4.54 Bn |
| 2 | Clearwater Analytics Holdings | 7.30 Bn | 7.22 Bn | 145.55 Mn | 136.56 Mn |
| 3 | Navan | 7.02 Bn | 6.34 Bn | 163.06 Mn | 181.16 Mn |
| 4 | BILL Holdings | 4.52 Bn | 2.59 Bn | 356.19 Mn | 390.44 Mn |
| 5 | Blackline | 1.91 Bn | 1.41 Bn | 142.68 Mn | 131.69 Mn |
| 6 | Expensify | 218.72 Mn | 152.96 Mn | 16.33 Mn | 19.25 Mn |
| 7 | Ankam | 27.35 Mn | 27.34 Mn | 44,900.00 | 98,357.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.25 Mn |
| Mar 31, 2026 | 18.14 Mn |
| Dec 31, 2025 | 21.25 Mn |
| Sep 30, 2025 | 19.66 Mn |
| Jun 30, 2025 | 28.92 Mn |
| Mar 31, 2025 | 19.73 Mn |
| Dec 31, 2024 | 18.39 Mn |
| Sep 30, 2024 | 17.98 Mn |
| Jun 30, 2024 | 18.71 Mn |
| Mar 31, 2024 | 20.74 Mn |
| Dec 31, 2023 | 24.69 Mn |
| Sep 30, 2023 | 33.71 Mn |
| Jun 30, 2023 | 31.52 Mn |
| Mar 31, 2023 | 27.03 Mn |
| Dec 31, 2022 | 28.06 Mn |
| Sep 30, 2022 | 31.66 Mn |
| Jun 30, 2022 | 31.26 Mn |
| Mar 31, 2022 | 31.08 Mn |
| Dec 31, 2021 | 40.87 Mn |
| Sep 30, 2021 | 28.11 Mn |