Expensify, Inc. (EXFY) Revenue History
Annual and quarterly revenue from 2019 to 2025
Compound Annual Growth Rate (CAGR)
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EXFY Revenue Growth
Revenue Breakdown (FY 2025)
EXFY's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
EXFY Revenue Analysis (2019–2025)
As of May 8, 2026, Expensify, Inc. (EXFY) generated trailing twelve-month (TTM) revenue of $140.0 million, reflecting moderate decline in growth of -5.8% year-over-year. The most recent quarter (Q1 2026) recorded $34.0 million in revenue, down 3.5% sequentially.
Looking at the longer-term picture, EXFY's 5-year compound annual growth rate (CAGR) stands at +10.0%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $169.5 million in 2022.
Revenue diversification analysis shows EXFY's business is primarily driven by Subscription Fees (92%), Interchange (15%), and Product and Service, Other (0%). With over half of revenue concentrated in Subscription Fees, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including BILL (+12.5% YoY), APPF (+20.7% YoY), and MGNI (+7.1% YoY), EXFY has underperformed the peer group in terms of revenue growth. Compare EXFY vs BILL →
EXFY Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| EXFYCurrent | $140M | -5.8% | +10.0% | -12.7% | |
 BILL | $1.5B | +12.5% | +56.1% | -5.5% | |
 APPF | $951M | +20.7% | +25.1% | 16.1% | |
 MGNI | $714M | +7.1% | +26.4% | 13.7% | |
 CWAN | $731M | +73.5% | +29.2% | 3.8% | |
 PCTY | $1.6B | +14.7% | +23.2% | 19.1% |
EXFY Historical Revenue Data (2019–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $142.1M | +2.1% | $71.5M | 50.3% | $-18,019,000 | -12.7% |
| 2024 | $139.2M | -7.6% | $75.0M | 53.9% | $-820,000 | -0.6% |
| 2023 | $150.7M | -11.1% | $83.8M | 55.6% | $-33,149,000 | -22.0% |
| 2022 | $169.5M | +18.7% | $106.8M | 63.0% | $-15,232,000 | -9.0% |
| 2021 | $142.8M | +62.2% | $89.1M | 62.4% | $-10,252,000 | -7.2% |
| 2020 | $88.1M | +9.5% | $55.7M | 63.2% | $5.7M | 6.4% |
| 2019 | $80.5M | - | $48.5M | 60.2% | $1.2M | 1.5% |
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Start ComparisonEXFY — Frequently Asked Questions
Quick answers to the most common questions about buying EXFY stock.
Is EXFY's revenue growth accelerating or slowing?
EXFY revenue declined -5.8% year-over-year, contrasting with the 5-year CAGR of +10.0%. TTM revenue fell to $140M. This reverses the prior growth trend.
What is EXFY's long-term revenue growth rate?
Expensify, Inc.'s 5-year revenue CAGR of +10.0% reflects the variable expansion pattern. Current YoY growth of -5.8% is below this long-term average.
How is EXFY's revenue distributed by segment?
EXFY reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2025 are available for download. Segment mix reveals concentration and diversification trends.