Expensify (Expensify) Gross Margin % : 56.51% (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Expensify Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Expensify's Gross Profit for the three months ended in Mar. 2024 was $19.0 Mil. Expensify's Revenue for the three months ended in Mar. 2024 was $33.5 Mil. Therefore, Expensify's Gross Margin % for the quarter that ended in Mar. 2024 was 56.51%.

The historical rank and industry rank for Expensify's Gross Margin % or its related term are showing as below:

EXFY' s Gross Margin % Range Over the Past 10 Years
Min: 54.42 Med: 62.41 Max: 63.2
Current: 54.42

During the past 5 years, the highest Gross Margin % of Expensify was 63.20%. The lowest was 54.42%. And the median was 62.41%.

EXFY's Gross Margin % is ranked better than
63% of 2638 companies
in the Software industry
Industry Median: 41.845 vs EXFY: 54.42

Expensify had a gross margin of 56.51% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Expensify was 0.00% per year.

Expensify Gross Margin % Historical Data

The historical data trend for Expensify's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Expensify Gross Margin % Chart

Expensify Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

60.25

63.20

62.41

63.03

55.61

Expensify Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial												60.66	56.47	51.55	53.11	56.51

Competitive Comparison of Expensify's Gross Margin %

For the Software - Application subindustry, Expensify's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Expensify's Gross Margin % Distribution in the Software Industry

For the Software industry and Technology sector, Expensify's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Expensify's Gross Margin % falls into.

Expensify Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Expensify's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	83.8	/	150.687
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(150.687 - 66.888)	/	150.687
	=	55.61 %

Expensify's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	19	/	33.535
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(33.535 - 14.584)	/	33.535
	=	56.51 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Expensify (NAS:EXFY) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Expensify had a gross margin of 56.51% for the quarter that ended in Mar. 2024 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Expensify Gross Margin % Related Terms

Thank you for viewing the detailed overview of Expensify's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Expensify (Expensify) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Expensify Inc (NAS:EXFY) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 Southwest 5th Avenue, Portland, OR, USA, 97204

Website

https://www.expensify.com

Expensify Inc is a cloud-based expense management software platform that helps the smallest to the largest businesses simplify the way they manage money. Over 12 million people use Expensify's free features, which include corporate cards, expense tracking, next-day reimbursement, invoicing, bill pay, and travel booking in one app.

Executives

Anuradha Muralidharan	director, officer: Chief Operating Officer	C/O EXPENSIFY, INC., 401 SW 5TH AVENUE, PORTLAND OR 97204
Jason Fahr Mills	director	C/O EXPENSIFY, INC., 401 SW 5TH AVENUE, PORTLAND OR 97204
Daniel Vidal	director	C/O EXPENSIFY, INC., 401 SW 5TH AVENUE, PORTLAND OR 97204
David Michael Barrett	director, officer: Chief Executive Officer	C/O EXPENSIFY, INC., 401 SW 5TH AVENUE, PORTLAND OR 97204
Ryan Schaffer	director, officer: Chief Financial Officer	C/O EXPENSIFY, INC., 401 SW 5TH AVENUE, PORTLAND OR 97204
Timothy L Christen	director	715 SOUTH STREET, MAYVILLE WI 53050
Steven J. Mclaughlin	10 percent owner	277 PARK AVENUE 29TH FLOOR, SUITE B, NEW YORK NY 10172
Ying Liu	director	C/O EXPENSIFY, INC., 401 SW 5TH AVENUE, PORTLAND OR 97204
Sf Roofdeck Gp Llc	10 percent owner	1521 ALTON ROAD, #345, MIAMI BEACH FL 33139
Steven J. Mclaughlin Revocable Trust	10 percent owner	1521 ALTON ROAD, #345, MIAMI BEACH FL 33139
Exp 2020 Spv Lp	10 percent owner	1521 ALTON ROAD, #345, MIAMI BEACH FL 33139
Openview Management, Llc	10 percent owner	C/O OPENVIEW VENTURE PARTNERS, 303 CONGRESS STREET, 6TH FLOOR, BOSTON MA 02210
David Martirano	other: See Remarks	50 MILK STREET, 16TH FLOOR, BOSTON MA 02109
Demartini James G B Iii	10 percent owner	THREE LAGOON DRIVE, SUITE 400, REDWOOD CITY CA 94065
Unameit Trust Under Declaration Of Trust Dated March 10, 2000	10 percent owner	THREE LAGOON DRIVE, SUITE 400, REDWOOD CITY CA 94065