Expensify annual gross margin
2019
2020
2021
2022
2023
2024
2025
Expensify Gross Margin Growth & History (EXFY)
Expensify's gross margin was 50.34% for fiscal 2025.
View full Expensify company overviewExpensify annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 50.34% | −3.53 pp |
| 2024 | 2024-12-31 | 53.86% | −1.75 pp |
| 2023 | 2023-12-31 | 55.61% | −7.41 pp |
| 2022 | 2022-12-31 | 63.03% | +0.62 pp |
| 2021 | 2021-12-31 | 62.41% | −0.79 pp |
| 2020 | 2020-12-31 | 63.20% | +2.95 pp |
| 2019 | 2019-12-31 | 60.25% | — |
Expensify quarterly gross margin
Q3.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 48.22% | −3.72 pp |
| Q1 2026 | 2026-03-31 | 47.61% | −2.96 pp |
| Q4 2025 | 2025-12-31 | 49.18% | −1.78 pp |
| Q3 2025 | 2025-09-30 | 49.62% | −1.96 pp |
| Q2 2025 | 2025-06-30 | 51.94% | −4.91 pp |
| Q1 2025 | 2025-03-31 | 50.57% | −5.94 pp |
| Q4 2024 | 2024-12-31 | 50.96% | −2.15 pp |
| Q3 2024 | 2024-09-30 | 51.58% | +0.03 pp |
| Q2 2024 | 2024-06-30 | 56.85% | +0.38 pp |
| Q1 2024 | 2024-03-31 | 56.51% | −4.15 pp |
| Q4 2023 | 2023-12-31 | 53.11% | −9.84 pp |
| Q3 2023 | 2023-09-30 | 51.55% | −9.49 pp |
| Q2 2023 | 2023-06-30 | 56.47% | −6.74 pp |
| Q1 2023 | 2023-03-31 | 60.66% | −4.33 pp |
| Q4 2022 | 2022-12-31 | 62.95% | +12.31 pp |
| Q3 2022 | 2022-09-30 | 61.04% | +9.64 pp |
| Q2 2022 | 2022-06-30 | 63.22% | −14.31 pp |
| Q1 2022 | 2022-03-31 | 64.99% | −9.31 pp |
| Q4 2021 | 2021-12-31 | 50.64% | −10.44 pp |
| Q3 2021 | 2021-09-30 | 51.41% | — |
| Q2 2021 | 2021-06-30 | 77.53% | — |
| Q1 2021 | 2021-03-31 | 74.30% | — |
| Q3 2020 | 2020-09-30 | 61.08% | — |
Expensify gross margin trends
Over the last five reported fiscal years, Expensify's gross margin decreased from 63.20% to 50.34%, a change of −12.86 percentage points. The latest reported quarter, Q2 2026, shows 48.22%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Expensify filings at SEC.gov ↗