Blend Labs (BLND) EBITDA Margin (2020 - 2026)
Blend Labs (BLND) recorded quarterly EBITDA Margin of 25.88% in Q1 2026, down 236.82% quarter-over-quarter from 7.68% in Q4 2025, and up 1038.0% on a YoY basis from 2.27% in Q1 2025.
Blend Labs (BLND) EBITDA Margin (2020 - 2026) Analysis & Trends
Blend Labs' EBITDA Margin history runs 7 years deep, the most recent figure standing at 25.88% for Q1 2026.
- In Q1 2026, EBITDA Margin rose 1038.0% year-over-year to 25.88%; the TTM figure through Mar 2026 stood at 4.1% (up 2319.0% YoY), while the FY2025 annual figure was 5.51%, up 3186.0% from the prior year.
- EBITDA Margin was 25.88% for Q1 2026 at Blend Labs, down from 7.68% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 263.85% in Q4 2023 to a low of 674.1% in Q2 2022.
- Historically, EBITDA Margin has averaged 84.22% across 5 years, with a median of 67.78% in 2024.
- The sharpest annual moves came in 2022 and 2023: EBITDA Margin sank 69206 bps in 2022, then soared 57596 bps in 2023.
- A 5-year view of EBITDA Margin shows it stood at 84.97% in 2022, then jumped by 411 bps to 263.85% in 2023, then sank by 101 bps to 3.53% in 2024, then slumped by 118 bps to 7.68% in 2025, then sank by 237 bps to 25.88% in 2026.
- The last three EBITDA Margin figures came in at 25.88% (Q1 2026), 7.68% (Q4 2025), and 37.12% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 14.56% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | -18.49% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 21.08% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 29.26% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 12.12% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | -22.99% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 33.82% |
| 10 | Blend Labs | 458.86 Mn | 399.85 Mn | 23.37 Mn | -25.88% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -25.88% |
| Dec 31, 2025 | -7.68% |
| Sep 30, 2025 | 37.12% |
| Jun 30, 2025 | -21.81% |
| Mar 31, 2025 | -36.27% |
| Dec 31, 2024 | -3.53% |
| Sep 30, 2024 | -6.54% |
| Jun 30, 2024 | -67.78% |
| Mar 31, 2024 | -87.07% |
| Dec 31, 2023 | 263.85% |
| Sep 30, 2023 | -102.17% |
| Jun 30, 2023 | -98.13% |
| Mar 31, 2023 | -175.14% |
| Dec 31, 2022 | -84.97% |
| Sep 30, 2022 | -238.21% |
| Jun 30, 2022 | -674.10% |
| Mar 31, 2022 | -103.35% |
| Dec 31, 2021 | -88.45% |
| Sep 30, 2021 | -85.32% |
| Jun 30, 2021 | 17.97% |