FiscalNote Holdings (NOTE) Operating Expenses (2021 - 2026)
FiscalNote Holdings (NOTE) posted quarterly Operating Expenses of $62.5 million for Q1 2026, up 51.51% year-over-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.
- 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 for Q1 2026 stood at $62.5 million, up from $40.8 million in the prior quarter.
- The five-year high for Operating Expenses was $74.2 million in Q4 2023, with the low 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.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses jumped 15269.71% in 2022, then slumped 52.56% in 2024.
- FiscalNote Holdings' Operating Expenses stood at $51.4 million in 2022, then jumped by 44.45% to $74.2 million in 2023, then plunged by 52.56% to $35.2 million in 2024, then climbed by 15.85% to $40.8 million in 2025, then soared by 53.34% to $62.5 million in 2026.
- Business Quant data shows NOTE's Operating Expenses at $62.5 million in Q1 2026, $40.8 million in Q4 2025, and $32.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 219.38 Bn | 208.02 Bn | 9.91 Bn | 7.29 Bn |
| 2 | Accenture | 111.06 Bn | 100.89 Bn | 6.13 Bn | 15.54 Bn |
| 3 | Infosys | 47.96 Bn | 47.96 Bn | 1.60 Bn | 528.00 Mn |
| 4 | Cgi | 32.80 Bn | 32.34 Bn | - | 12.44 Mn |
| 5 | Cognizant Technology Solutions | 28.32 Bn | 27.27 Bn | 1.83 Bn | 812.00 Mn |
| 6 | Fidelity National Information Services | 20.92 Bn | 20.17 Bn | 1.17 Bn | 684.00 Mn |
| 7 | Broadridge Financial Solutions | 20.67 Bn | 20.27 Bn | 853.00 Mn | 1.67 Bn |
| 8 | Wipro | 19.82 Bn | 18.75 Bn | 738.00 Mn | 2.23 Bn |
| 9 | Leidos Holdings | 17.78 Bn | 17.03 Bn | 817.00 Mn | 310.00 Mn |
| 10 | FiscalNote Holdings | 1.75 Mn | -20.84 Mn | 15.61 Mn | 43.67 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 43.67 Mn |
| 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 |