Expensify (EXFY) Operating Expenses (2020 - 2026)
Expensify (EXFY) reported Operating Expenses of $18.1 million for Q1 2026, down 8.04% on a YoY basis from $19.7 million in Q1 2025, and down 14.61% sequentially from $21.2 million in Q4 2025.
Expensify (EXFY) Operating Expenses (2020 - 2026) Analysis & Trends
Expensify (EXFY) has 7 years of Operating Expenses data on file, last reported at $18.1 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 8.04% year-over-year to $18.1 million; the trailing twelve-month figure through Mar 2026 stood at $88.0 million (up 17.59% YoY), and the FY2025 full-year result was $89.5 million, up 18.11% from the prior year.
- Operating Expenses retreated to $18.1 million in Q1 2026, from $21.2 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.
- A 5-year average of $24.9 million and a median of $24.7 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses jumped 194.84% in 2022 and slumped 46.68% in 2024, its largest moves.
- Tracing EXFY's Operating Expenses over 5 years: stood at $28.1 million in 2022, then declined by 12.04% to $24.7 million in 2023, then slipped by 25.5% to $18.4 million in 2024, then climbed by 15.53% to $21.2 million in 2025, then dropped by 14.61% to $18.1 million in 2026.
- Business Quant data shows EXFY's Operating Expenses at $18.1 million in Q1 2026, $21.2 million in Q4 2025, and $19.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -269.42 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 1.16 Bn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 11.28 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 6.22 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 2.66 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 4.23 Bn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 1.25 Bn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 1.04 Bn |
| 10 | Expensify | 163.07 Mn | 96.54 Mn | 16.17 Mn | 18.14 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 19.87 Mn |