Growth Metrics

Expensify (EXFY) Operating Margin (2020 - 2025)

Expensify (EXFY) has disclosed Operating Margin for 6 consecutive years, with 11.19% as the latest value for Q4 2025.

  • Quarterly Operating Margin fell 1244.0% to 11.19% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 12.68% through Dec 2025, down 1209.0% year-over-year, with the annual reading at 12.68% for FY2025, 1209.0% down from the prior year.
  • Operating Margin hit 11.19% in Q4 2025 for Expensify, down from 6.44% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 38.84% in Q1 2021 to a low of 50.63% in Q4 2021.
  • Historically, Operating Margin has averaged 9.64% across 5 years, with a median of 7.98% in 2022.
  • Biggest five-year swings in Operating Margin: tumbled -6769bps in 2021 and later surged 4902bps in 2022.
  • Year by year, Operating Margin stood at 50.63% in 2021, then soared by 97bps to 1.61% in 2022, then crashed by -956bps to 17.0% in 2023, then surged by 107bps to 1.26% in 2024, then crashed by -990bps to 11.19% in 2025.
  • Business Quant data shows Operating Margin for EXFY at 11.19% in Q4 2025, 6.44% in Q3 2025, and 28.91% in Q2 2025.