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
DateValue
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