Expensify (EXFY) Operating Expenses (2020 - 2026)
Expensify (EXFY) posted Operating Expenses of $18.1 million for Q1 2026, down 14.61% sequentially from $21.2 million in Q4 2025, and down 8.04% YoY from $19.7 million in Q1 2025.
Expensify (EXFY) Operating Expenses (2020 - 2026) Analysis & Trends
Expensify has reported Operating Expenses for 7 years, with the latest figure at $18.1 million in Q1 2026.
- Quarterly Operating Expenses fell 8.04% year-over-year to $18.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $88.0 million (up 17.59% YoY) and the FY2025 annual result came in at $89.5 million, up 18.11% from the prior year.
- Operating Expenses retreated to $18.1 million in Q1 2026 per EXFY's latest filing, from $21.2 million in the prior quarter.
- Over five years, Operating Expenses peaked at $33.7 million in Q3 2023 and troughed at $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.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses soared 194.84% in 2022, then plunged 46.68% in 2024.
- Over 5 years, Operating Expenses stood at $28.1 million in 2022, then decreased by 12.04% to $24.7 million in 2023, then fell by 25.5% to $18.4 million in 2024, then rose by 15.53% to $21.2 million in 2025, then retreated 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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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -16.33 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 1.22 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 6.22 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 12.30 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 2.66 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 1.25 Bn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 4.34 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 3.67 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 4.54 Bn |
| 10 | Expensify | 211.36 Mn | 145.60 Mn | 16.33 Mn | 19.25 Mn |
Historic Data
Download 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 |