FiscalNote Holdings (NOTE) Operating Expenses (2021 - 2026)
FiscalNote Holdings' (NOTE) quarterly Operating Expenses came in at $62.5 million in Q1 2026, up 51.51% year-on-year from $41.3 million in Q1 2025, and up 53.34% quarter-over-quarter from $40.8 million in Q4 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.
- On a quarterly basis, Operating Expenses rose 51.51% year-over-year to $62.5 million in Q1 2026; TTM through Mar 2026 was $166.2 million, a 10.84% increase from a year earlier, with the FY2025 full-year figure at $144.9 million, down 4.79% from the prior year.
- Operating Expenses climbed to $62.5 million in Q1 2026 per NOTE's latest filing, from $40.8 million in the prior quarter.
- Across five years, Operating Expenses topped out at $74.2 million in Q4 2023 and bottomed at $30.7 million in Q2 2025.
- The 5-year median for Operating Expenses is $41.3 million (2025), against an average of $46.6 million.
- Across the five-year window, Operating Expenses jumped 15269.71% in 2022 and tumbled 52.56% in 2024, its largest moves.
- Year by year, Operating Expenses stood at $51.4 million in 2022, then surged by 44.45% to $74.2 million in 2023, then tumbled 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.
- Per Business Quant, the three latest NOTE Operating Expenses figures stand at $62.5 million (Q1 2026), $40.8 million (Q4 2025), and $32.2 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 203.67 Bn | 192.31 Bn | 9.91 Bn | 7.29 Bn |
| 2 | Accenture | 95.10 Bn | 84.92 Bn | 6.13 Bn | 15.54 Bn |
| 3 | Cgi | 61.46 Bn | 60.81 Bn | - | 29.83 Mn |
| 4 | GDS Holdings | 48.70 Bn | 46.56 Bn | 164.04 Mn | -27.00 Mn |
| 5 | Infosys | 48.10 Bn | 48.10 Bn | 1.60 Bn | 528.00 Mn |
| 6 | Cognizant Technology Solutions | 22.66 Bn | 21.14 Bn | 1.78 Bn | 791.00 Mn |
| 7 | Fidelity National Information Services | 22.35 Bn | 21.59 Bn | 1.11 Bn | 605.00 Mn |
| 8 | Wipro | 20.08 Bn | 15.90 Bn | 738.00 Mn | 2.23 Bn |
| 9 | Cdw | 17.81 Bn | 17.23 Bn | 1.19 Bn | 814.00 Mn |
| 10 | FiscalNote Holdings | 2.10 Mn | -22.37 Mn | 15.87 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 |