FiscalNote Holdings (NOTE) Operating Expenses (2021 - 2026)
FiscalNote Holdings (NOTE) recorded quarterly Operating Expenses of $62.5 million in Q1 2026, up 53.34% quarter-over-quarter from $40.8 million in Q4 2025, and up 51.51% on a YoY basis from $41.3 million in Q1 2025.
FiscalNote Holdings (NOTE) Operating Expenses (2021 - 2026) Analysis & Trends
FiscalNote Holdings' Operating Expenses history runs 6 years deep, the most recent figure standing at $62.5 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 51.51% year-over-year to $62.5 million; the TTM figure through Mar 2026 stood at $166.2 million (up 10.84% YoY), while the FY2025 annual figure was $144.9 million, down 4.79% from the prior year.
- Operating Expenses was $62.5 million for Q1 2026 at FiscalNote Holdings, up from $40.8 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $74.2 million in Q4 2023 to a low of $30.7 million in Q2 2025.
- Historically, Operating Expenses has averaged $46.6 million across 5 years, with a median of $41.3 million in 2025.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses surged 15269.71% in 2022, then tumbled 52.56% in 2024.
- A 5-year view of Operating Expenses shows it stood at $51.4 million in 2022, then surged by 44.45% to $74.2 million in 2023, then sank by 52.56% to $35.2 million in 2024, then grew by 15.85% to $40.8 million in 2025, then jumped by 53.34% to $62.5 million in 2026.
- The last three Operating Expenses figures came in at $62.5 million (Q1 2026), $40.8 million (Q4 2025), and $32.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 250,975,992.28 Bn | 250,975,991.00 Bn | 1.56 Bn | 500.00 Mn |
| 2 | International Business Machines | 267.32 Bn | 252.39 Bn | 8.95 Bn | 7.26 Bn |
| 3 | Wipro | 138.60 Bn | 137.44 Bn | 751.00 Mn | -158.00 Mn |
| 4 | Accenture | 109.98 Bn | 101.66 Bn | 16.30 Bn | 15.55 Bn |
| 5 | Cognizant Technology Solutions | 25.38 Bn | 23.86 Bn | 1.78 Bn | 791.00 Mn |
| 6 | Fidelity National Information Services | 21.09 Bn | 20.34 Bn | 1.11 Bn | 605.00 Mn |
| 7 | Broadridge Financial Solutions | 17.60 Bn | 17.30 Bn | 626.90 Mn | 1.59 Bn |
| 8 | Cdw | 17.16 Bn | 16.58 Bn | 1.19 Bn | 814.00 Mn |
| 9 | Leidos Holdings | 15.68 Bn | 15.27 Bn | 761.00 Mn | 223.00 Mn |
| 10 | FiscalNote Holdings | - | - | 14.31 Mn | 62.53 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 62.53 Mn |
| Dec 31, 2025 | 40.78 Mn |
| Sep 30, 2025 | 32.17 Mn |
| Jun 30, 2025 | 30.69 Mn |
| Mar 31, 2025 | 41.27 Mn |
| Dec 31, 2024 | 35.20 Mn |
| Sep 30, 2024 | 36.25 Mn |
| Jun 30, 2024 | 37.20 Mn |
| Mar 31, 2024 | 43.56 Mn |
| Dec 31, 2023 | 74.19 Mn |
| Sep 30, 2023 | 47.47 Mn |
| Jun 30, 2023 | 49.82 Mn |
| Mar 31, 2023 | 58.90 Mn |
| Dec 31, 2022 | 51.36 Mn |
| Sep 30, 2022 | 73.20 Mn |
| Jun 30, 2022 | 38.91 Mn |
| Mar 31, 2022 | 38.48 Mn |
| Dec 31, 2021 | 40.74 Mn |
| Sep 30, 2021 | 37.06 Mn |
| Jun 30, 2021 | 2.03 Mn |