SuperworthExpensify profit margin EXFY
Gross, operating and net profit as a share of revenue over the last twelve months, from 2021.
- Net margin, 12 months
- −11.3%
- Operating margin, 12 months
- −8.0%
- Net margin on a year earlier
- −0.6 pts
- Peer median
- 3.9%
Over the twelve months to Jun 30, 2026, Expensify kept −11.3% of its revenue as net profit, with an operating margin of −8.0% and a gross margin of 48.7%.
Five years earlier its net margin was 8.4%.
The median for 10 infrastructure software stocks of a similar size is 3.9%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | −15.1% | −12.7% | 50.3% |
| FY2024 | −7.2% | −0.6% | 53.9% |
| FY2023 | −27.5% | −22.0% | 55.6% |
| FY2022 | −15.9% | −9.0% | 63.0% |
| FY2021 | −9.5% | −7.2% | 62.4% |
| FY2020 | n/a | n/a | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | −11.3% | −0.6 pts | −8.0% | |
| Q1 FY26 | −14.7% | −8.0 pts | −13.2% | |
| Q4 FY25 | −15.1% | −7.8 pts | −12.7% | |
| Q3 FY25 | −10.8% | +0.8 pts | −9.5% | |
| Q2 FY25 | −10.7% | +11.5 pts | −7.7% | |
| Q1 FY25 | −6.7% | +20.6 pts | −0.4% | |
| Q4 FY24 | −7.2% | +20.3 pts | −0.6% | |
| Q3 FY24 | −11.6% | +12.1 pts | −5.3% | |
| Q2 FY24 | −22.2% | −4.7 pts | −16.2% | |
| Q1 FY24 | −27.3% | −12.1 pts | −22.4% | |
| Q4 FY23 | −27.5% | −11.6 pts | −22.0% | |
| Q3 FY23 | −23.7% | +3.7 pts | −17.5% |
Against its peers
Companies in Software - Infrastructure nearest Expensify's size, closest first, today.
| Company | Profit margin |
|---|---|
| EXFYExpensify | −11.3% |
| MKLYMcKinley Acquisition | n/m |
| RBBNRibbon Communications | 2.0% |
| MKTWMarketwise | 0.7% |
| EGANEGAIN | 9.7% |
| IIIVi3 Verticals | 3.9% |
| NTWKNetsol Technologies | 4.0% |
| CCSIConsensus Cloud Solutions | 26.7% |
| GDYNGrid Dynamics | 0.7% |
| FATNFatpipe | n/m |
| CCLDCareCloud | 6.2% |
| Peer median | 3.9% |
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Expensify
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.