What is Expensify, Inc.'s operating margin?

Expensify, Inc. (EXFY) reported operating margin of -13.2% in Q1 2026.

What is the long-term trend for Expensify, Inc.'s operating margin?

Over 3 years (2021 to 2025), Expensify, Inc.'s operating margin has grown at a 20.9% compound annual growth rate (CAGR), from -7.2% to -12.7%.

What does operating margin mean?

Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

Expensify, Inc. EXFY Operating margin

Operating margin at other companies

Navan, Inc. NAVN

-26%—

BILL HoldingsBILL

-3.8%-0.9pp

CorpayCPAY

46.1%+1.1pp

WEXWEX

24.6%-1.4pp

Priority Technology HoldingsPRTH

14.5%-0.8pp

BlackLineBL

3.9%+0.9pp

Other financials

Income statement

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Revenue$34.0M-5.8%

Gross profit$16.2M-11.4%

Operating income-$2.0M-32.6%

Net income-$2.3M+26.3%

EPS (diluted)-$0.02+33.3%

Balance sheet

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Cash & equivalents$109.6M+13.8%

Total debt$678.0K-18.2%

Total equity$138.5M+2.9%

Total assets$190.6M+0.7%

Cash flow

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Operating cash flow$118.0K-98.5%

CapEx$182.0K+4.6%

Free cash flow-$64.0K-101%

Valuation

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Market cap$172.62M-24.4%

P/S1.2×-0.3×

Profitability

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Gross margin49.6%-2.8pp

Net margin-14.7%-86.5pp

FCF margin8.8%-11.0pp

Returns & leverage

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Return on equity-15.1%+177pp

Debt / equity0×0.0×

Current ratio3.5×+0.2×

Where this comes from

Calculated from Expensify, Inc.’s reported figures.

operating income/total revenue=-13.2%

Based on trailing twelve months.

The official record: Expensify, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Expensify, Inc.'s operating margin?: Expensify, Inc. (EXFY) reported operating margin of -13.2% in Q1 2026.
What is the long-term trend for Expensify, Inc.'s operating margin?: Over 3 years (2021 to 2025), Expensify, Inc.'s operating margin has grown at a 20.9% compound annual growth rate (CAGR), from -7.2% to -12.7%.
What does operating margin mean?: Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.