Expensify (EXFY) Operating Margin (2020 - 2026)
Expensify's (EXFY) quarterly Operating Margin came in at 5.81% in Q1 2026, down 168.0% year-on-year from 8.54% in Q1 2025, and up 48.1% quarter-over-quarter from 11.19% in Q4 2025.
Expensify (EXFY) Operating Margin (2020 - 2026) Analysis & Trends
Expensify has disclosed Operating Margin across 7 years of filings, most recently posting 5.81% for Q1 2026.
- Operating Margin for Q1 2026 came in at 5.81%, down 168.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 13.22% (down 1285.0% YoY), and the FY2025 annual result 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.
- The 5-year median for Operating Margin is 6.74% (2023), against an average of 10.85%.
- Peak annual rise in Operating Margin reached 4902 bps in 2022, while the deepest fall reached 5083 bps in 2022.
- Expensify's Operating Margin stood at 1.61% in 2022, then sank by 956 bps to 17.0% in 2023, then soared by 107 bps to 1.26% in 2024, then sank by 990 bps to 11.19% in 2025, then jumped by 48 bps to 5.81% in 2026.
- The last three Operating Margin figures came in at 5.81% (Q1 2026), 11.19% (Q4 2025), and 6.44% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 14.56% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 12.05% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 21.08% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 29.26% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 13.34% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | -22.99% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 33.82% |
| 10 | Expensify | 118.55 Mn | 52.03 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% |