Expensify (EXFY) Operating Margin (2020 - 2026)
Expensify recorded quarterly Operating Margin of 5.81% in Q1 2026, up 48.1% quarter-over-quarter from 11.19% in Q4 2025, and down 168.0% year-over-year from 8.54% in Q1 2025.
Expensify's Operating Margin history runs 7 years deep, the most recent figure standing at 5.81% for Q1 2026.
- In Q1 2026, Operating Margin fell 168.0% year-over-year to 5.81%; the TTM figure through Mar 2026 stood at 13.22% (down 1285.0% YoY), while the FY2025 annual figure was 12.68%, down 1209.0% from the prior year.
- Operating Margin came in at 5.81% for Q1 2026 at Expensify, up from 11.19% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 1.26% in Q4 2024 to a low of 40.82% in Q3 2023.
- A 5-year average of 10.85% and a median of 6.74% in 2023 frame the typical range for Operating Margin.
- On a YoY basis, Operating Margin climbed as much as 4902 bps in 2022 and fell as far as 5083 bps in 2022.
- Expensify's Operating Margin stood at 1.61% in 2022, then plunged by 956 bps to 17.0% in 2023, then jumped by 107 bps to 1.26% in 2024, then plunged by 990 bps to 11.19% in 2025, then surged by 48 bps to 5.81% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 5.81%, 11.19%, and 6.44% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 28.69% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 16.69% |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 14.56% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 12.05% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 13.34% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 29.26% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 37.79% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | -22.99% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 46.97% |
| 10 | Expensify | 106.84 Mn | 40.31 Mn | 16.17 Mn | -5.81% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -5.81% |
| Dec 31, 2025 | -11.19% |
| Sep 30, 2025 | -6.44% |
| Jun 30, 2025 | -28.91% |
| Mar 31, 2025 | -4.12% |
| Dec 31, 2024 | 1.26% |
| Sep 30, 2024 | 0.81% |
| Jun 30, 2024 | 0.66% |
| Mar 31, 2024 | -5.35% |
| Dec 31, 2023 | -17.00% |
| Sep 30, 2023 | -40.82% |
| Jun 30, 2023 | -24.59% |
| Mar 31, 2023 | -6.74% |
| Dec 31, 2022 | -1.61% |
| Sep 30, 2022 | -13.45% |
| Jun 30, 2022 | -9.21% |
| Mar 31, 2022 | -11.99% |
| Dec 31, 2021 | -50.63% |
| Sep 30, 2021 | -23.65% |
| Jun 30, 2021 | 21.24% |
| Mar 31, 2021 | 38.84% |
| Dec 31, 2020 | 17.06% |
| Sep 30, 2020 | -23.45% |