cust.co / Compare / BlackLine vs Expensify

BlackLine vs Expensify - NRR head-to-head

Side-by-side Net Revenue Retention comparison sourced from SEC filings and earnings releases. Both compete in Finance Tech. Both at Public stage.

BlackLine leads by +16pp on latest NRR (104% vs 88%).

NRR over time

85%92%99%106%113% FY2018-Q4FY2022-Q2FY2024-Q1FY-2024FY2025-Q2FY2025-Q4FY2027-Q1 NRR BlackLine Expensify BlackLine - FY2018-Q4: 110% BlackLine - FY2020-Q1: 108% BlackLine - FY2022-Q1: 109% BlackLine - FY2022-Q2: 106% BlackLine - FY2022-Q4: 109% BlackLine - FY-2023: 106% BlackLine - FY2024-Q1: 105% BlackLine - FY2024-Q2: 104% BlackLine - FY2024-Q3: 105% BlackLine - FY-2024: 102% BlackLine - FY2024-Q4: 102% BlackLine - FY2025-Q1: 104% BlackLine - FY2025-Q2: 105% BlackLine - FY2025-Q3: 103% BlackLine - FY-2025: 105% BlackLine - FY2025-Q4: 105% BlackLine - FY2026-Q1: 105% BlackLine - FY2027-Q1: 104% Expensify - FY-2025: 88%

BlackLine hit a higher all-time peak (110% in FY2018-Q4).

Stat-by-stat

Metric BlackLine Expensify
Latest NRR 104% 88%
All-time peak NRR 110% 88%
All-time low NRR 102% 88%
QoQ change -1pp -
YoY change +1pp -
3-year change -6pp -
Disclosures tracked 18 1

Customer cohorts

MetricBlackLineExpensify
Total customers 4,301 41,500
Over $100K ARR - -
Over $1M ARR 86 -
Top-10 concentration - 0%
Average ACV $162,000 -
US revenue mix 68% 91%

Commercial structure

MetricBlackLineExpensify
Total RPO $1.1B -
Current RPO (12mo) $583M -
Multi-year contracts - -
Avg contract length - -
Subscription rev mix 95% 91%
New customers added - -

Post-sales motion

MetricBlackLineExpensify
CS team size - -
Customers per CSM - -
Pricing model hybrid subscription
Renewal cadence annual monthly
CSM coverage model hybrid hybrid
Top customer exec Stuart Van Houten Cole Eason

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