Expensify (EXFY) Operating Expenses (2020 - 2026)

Expensify's Operating Expenses history runs 7 years deep, the most recent figure standing at $18.1 million for Q1 2026.

• In Q1 2026, Operating Expenses fell 8.04% year-over-year to $18.1 million; the TTM figure through Mar 2026 stood at $88.0 million (up 17.59% YoY), while the FY2025 annual figure was $89.5 million, up 18.11% from the prior year.
• Operating Expenses came in at $18.1 million for Q1 2026 at Expensify, down 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 surged 194.84% in 2022 and tumbled 46.68% in 2024, its largest moves.
• Expensify's Operating Expenses stood at $28.1 million in 2022, then retreated by 12.04% to $24.7 million in 2023, then declined by 25.5% to $18.4 million in 2024, then increased by 15.53% to $21.2 million in 2025, then fell by 14.61% to $18.1 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $18.1 million, $21.2 million, and $19.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

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