Blackline (BL) Operating Margin (2015 - 2026)
Blackline (BL) posted Operating Margin of 3.4% for Q1 2026, down 8.6% on a QoQ basis from 3.72% in Q4 2025, and up 126.0% year-over-year from 1.51% in Q1 2025.
Blackline (BL) Operating Margin (2015 - 2026) Analysis & Trends
Blackline's Operating Margin history runs 12 years deep, the most recent figure standing at 3.4% for Q1 2026.
- Quarterly Operating Margin rose 126.0% year-over-year to 3.4% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 3.94% (up 86.0% YoY) and the FY2025 annual result came in at 3.65%, up 81.0% from the prior year.
- Operating Margin was 3.4% for Q1 2026 at Blackline, down from 3.72% in the prior quarter.
- Across five years, Operating Margin topped out at 12.4% in Q2 2023 and bottomed at 21.1% in Q1 2022.
- A 5-year average of 0.39% and a median of 2.34% in 2022 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2022 — Operating Margin sank 2139 bps — and 2023, when it jumped 2227 bps.
- Blackline's Operating Margin stood at 2.34% in 2022, then soared by 251 bps to 8.23% in 2023, then plunged by 55 bps to 3.67% in 2024, then rose by 2 bps to 3.72% in 2025, then retreated by 9 bps to 3.4% in 2026.
- Business Quant data shows BL's Operating Margin at 3.4% in Q1 2026, 3.72% in Q4 2025, and 4.27% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 199.59 Bn | 179.36 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 193.24 Bn | 190.53 Bn | - | - |
| 3 | Shopify | 164.78 Bn | 159.04 Bn | 1.55 Bn | 12.05% |
| 4 | Salesforce | 150.52 Bn | 138.68 Bn | 8.56 Bn | 21.08% |
| 5 | Uber Technologies | 139.79 Bn | 138.58 Bn | 5.95 Bn | 14.56% |
| 6 | ServiceNow | 109.10 Bn | 104.44 Bn | 2.82 Bn | 4.06% |
| 7 | Automatic Data Processing | 102.68 Bn | 99.45 Bn | 2.87 Bn | -22.99% |
| 8 | Adobe | 95.80 Bn | 90.17 Bn | 5.90 Bn | 33.82% |
| 9 | Snowflake | 93.75 Bn | 90.79 Bn | 926.45 Mn | -23.45% |
| 10 | Blackline | 1.82 Bn | 1.30 Bn | 139.15 Mn | 3.40% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.40% |
| Dec 31, 2025 | 3.72% |
| Sep 30, 2025 | 4.27% |
| Jun 30, 2025 | 4.39% |
| Mar 31, 2025 | 2.14% |
| Dec 31, 2024 | 3.67% |
| Sep 30, 2024 | 5.04% |
| Jun 30, 2024 | 1.38% |
| Mar 31, 2024 | 1.11% |
| Dec 31, 2023 | 8.23% |
| Sep 30, 2023 | -0.71% |
| Jun 30, 2023 | 12.40% |
| Mar 31, 2023 | -11.02% |
| Dec 31, 2022 | 2.34% |
| Sep 30, 2022 | -15.95% |
| Jun 30, 2022 | -9.88% |
| Mar 31, 2022 | -21.10% |
| Dec 31, 2021 | -14.04% |
| Sep 30, 2021 | 5.44% |
| Jun 30, 2021 | -9.47% |