Blend Labs (BLND) EBITDA Margin (2020 - 2026)
Blend Labs (BLND) reported EBITDA Margin of 0.70% for Q2 2026, up 12.67 percentage points from -11.97% a year earlier and up 11.16 percentage points from the prior quarter.
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Analysis
Blend Labs (BLND) EBITDA Margin (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Blend Labs' EBITDA Margin came in at -7.75%, up 12.21 percentage points year-over-year; for FY2025, it came in at -13.61%, up 26.48 percentage points from FY2024.
- EBITDA Margin has increased for three consecutive years, with a five-year change of +56.84 percentage points (FY2020 to FY2025).
- By year, EBITDA Margin came in at -40.09% in FY2024 (+86.88 pp), -126.97% in FY2023 (+183.73 pp), -310.70% in FY2022 (-233.26 pp) and -77.45% in FY2021 (-7.00 pp).
- The Q2 2026 figure ranks as the highest quarterly EBITDA Margin in data going back to Q2 2020.
- Year over year, EBITDA Margin gained in six of the last seven quarters, with an average year-over-year change of +27.61 percentage points.
- The high point for year-over-year EBITDA Margin in five years was Q2 2023 (a gain of 627.74 percentage points); the low point was Q2 2022 (a drop of 593.44 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -10.45% (Q1 2026), -10.12% (Q4 2025) and -11.64% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.12 Bn | 6.93 Bn | - | -5.44% |
| 2 | PayPal Holdings | 46.45 Bn | 4.68 Bn | - | 19.27% |
| 3 | Block | 44.49 Bn | 15.75 Bn | 3.17 Bn | 8.19% |
| 4 | Iren | 31.49 Bn | 19.08 Bn | 103.89 Mn | -370.41% |
| 5 | Corpay | 25.78 Bn | 15.98 Bn | - | 44.11% |
| 6 | Fiserv | 24.12 Bn | 20.82 Bn | 2.90 Bn | 35.37% |
| 7 | Global Payments | 22.15 Bn | 588.57 Mn | 2.03 Bn | 37.59% |
| 8 | Bitmine Immersion Technologies | 15.50 Bn | 12.88 Bn | 40.81 Mn | -24.67% |
| 9 | Guidewire Software | 11.68 Bn | 8.25 Bn | 269.68 Mn | 19.18% |
| 10 | Blend Labs | 243.61 Mn | -7.39 Mn | 24.89 Mn | 0.70% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.70% |
| Mar 31, 2026 | -10.45% |
| Dec 31, 2025 | -10.12% |
| Sep 30, 2025 | -11.64% |
| Jun 30, 2025 | -11.97% |
| Mar 31, 2025 | -27.04% |
| Dec 31, 2024 | -8.96% |
| Sep 30, 2024 | -31.85% |
| Jun 30, 2024 | -43.41% |
| Mar 31, 2024 | -86.43% |
| Sep 30, 2023 | -85.97% |
| Jun 30, 2023 | -82.67% |
| Mar 31, 2023 | -160.18% |
| Dec 31, 2022 | -171.80% |
| Sep 30, 2022 | -230.75% |
| Jun 30, 2022 | -710.41% |
| Mar 31, 2022 | -89.34% |
| Dec 31, 2021 | -67.78% |
| Sep 30, 2021 | -71.59% |
| Jun 30, 2021 | -116.97% |
API Access
Blend Labs EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=BLND&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "BLND", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=BLND&period=max&api_key=YOUR_API_KEY");
const data = await res.json();