Expensify (EXFY) revenue breakdown

· Market cap $232M

By product, Subscription fees is the largest at 86% of fiscal 2025 revenue; Interchange grew fastest, 132% a year over 1 years.

By region, United States is the largest at 91% of fiscal 2025 revenue, growing 10% a year over 6 years.

Revenue by product

Fiscal years, as Expensify reports them in its 10-K filings; fiscal 2025 total $152M.

Products20242025Share
Subscription fees$139M$131M 86%
Interchange$9M$21M 14%
Other$182,000$365,000 0%
Cashback rewards-$9M-$10M -7%

Revenue by region

Fiscal years, as Expensify reports them in its 10-K filings; fiscal 2025 total $142M.

Regions2019202020212022202320242025Share
United States$73M$79M$128M$155M$137M$127M$130M 91%
All other locations$8M$9M$15M$15M$13M$12M$12M 9%
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Questions

Where does Expensify make its money?

In fiscal 2025, by product: Subscription fees $131M, Interchange $21M, Other $365,000, Cashback rewards -$10M.

From Expensify's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.