FiscalNote Holdings (NOTE) Operating Expenses (2021 - 2026)
FiscalNote Holdings (NOTE) reported Operating Expenses of $43.67 million for Q2 2026, up 42.3% from $30.69 million a year earlier but down 30.2% from the prior quarter.
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Analysis
FiscalNote Holdings (NOTE) Operating Expenses (2021 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, FiscalNote Holdings' Operating Expenses came in at $179.15 million, up 24.9% year-over-year; for FY2025, it was $144.91 million, down 4.8% from FY2024.
- Operating Expenses has a five-year compound annual growth rate of 192.9% (FY2020 to FY2025).
- By year, Operating Expenses came in at $152.21 million in FY2024 (-33.9%), $230.38 million in FY2023 (+14.1%), $201.95 million in FY2022 (+45.8%) and $138.49 million in FY2021.
- Five-year quarterly Operating Expenses spans a low of $30.69 million in Q2 2025 and a high of $74.19 million in Q4 2023.
- Year over year, Operating Expenses has now increased in each of the last three quarters, with an average decline of 0.1% over the last eight quarters.
- The high point for year-over-year Operating Expenses in five years was Q3 2022 (growth of 97.5%); the low point was Q4 2024 (a decline of 52.6%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $62.53 million (Q1 2026), $40.78 million (Q4 2025) and $32.17 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 450.50 Bn | 419.56 Bn | 1.64 Bn | 726.59 Mn |
| 2 | Oracle | 401.01 Bn | 273.57 Bn | - | 12.62 Bn |
| 3 | Sap Se | 257.03 Bn | 178.11 Bn | 8.40 Bn | -8.41 Bn |
| 4 | Salesforce | 187.04 Bn | 142.92 Bn | 8.70 Bn | 6.37 Bn |
| 5 | ServiceNow | 135.91 Bn | 114.37 Bn | 2.82 Bn | 2.66 Bn |
| 6 | Automatic Data Processing | 104.14 Bn | 86.27 Bn | 2.51 Bn | 4.34 Bn |
| 7 | Intuit | 72.30 Bn | 51.65 Bn | 3.44 Bn | 3.88 Bn |
| 8 | Relx | 60.17 Bn | 57.14 Bn | - | - |
| 9 | Strategy | 55.31 Bn | 48.30 Bn | 81.55 Mn | 8.41 Bn |
| 10 | FiscalNote Holdings | 844,272.34 | -19.74 Mn | 15.61 Mn | 43.67 Mn |
Historic Data
Download Data
Historic 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 |
API Access
FiscalNote Holdings Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=NOTE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "NOTE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=NOTE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();