Blend Labs (BLND) EBT Margin (2020 - 2026)
Blend Labs (BLND) posted EBT Margin of 4.0% for Q2 2026, up 75.4% on a QoQ basis from 16.28% in Q1 2026, and up 804.0% year-over-year from 0.44% in Q2 2025.
Analysis
Blend Labs (BLND) EBT Margin (2020 - 2026) Analysis & Trends
Blend Labs has reported EBT Margin for 7 years, with the latest figure at 4.0% in Q2 2026.
- On a quarterly basis, EBT Margin rose 804.0% year-over-year to 4.0% in Q2 2026; TTM through Jun 2026 was 1.41%, a 1249.0% increase from a year earlier, with the FY2025 full-year figure at 0.71%, up 3613.0% from the prior year.
- EBT Margin was 4.0% for Q2 2026 at Blend Labs, up from 16.28% in the prior quarter.
- The five-year high for EBT Margin was 161.27% in Q4 2023, with the low at 728.02% in Q2 2022.
- Average EBT Margin over 5 years is 92.98%, with a median of 46.19% recorded in 2025.
- The sharpest annual moves came in 2022 and 2023: EBT Margin plunged 60475 bps in 2022, then surged 63124 bps in 2023.
- Over 5 years, EBT Margin stood at 189.24% in 2022, then jumped by 185 bps to 161.27% in 2023, then plunged by 105 bps to 7.32% in 2024, then tumbled by 64 bps to 12.04% in 2025, then jumped by 67 bps to 4.0% in 2026.
- The last three EBT Margin figures came in at 4.0% (Q2 2026), 16.28% (Q1 2026), and 12.04% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Upstart Holdings | 2.73 Bn | 2.28 Bn | 303.39 Mn | 4.70% |
| 2 | Pagaya Technologies | 1.92 Bn | 1.72 Bn | 168.33 Mn | 10.66% |
| 3 | Qfin Holdings | 1.10 Bn | 108.74 Mn | - | 30.63% |
| 4 | FinVolution | 856.70 Mn | -70.30 Mn | - | 15.96% |
| 5 | X Financial | 432.29 Mn | -136.02 Mn | 84.09 Mn | 22.14% |
| 6 | Open Lending | 371.20 Mn | 186.25 Mn | 15.64 Mn | -2.29% |
| 7 | Blend Labs | 361.86 Mn | 317.00 Mn | 24.89 Mn | -4.00% |
| 8 | LexinFintech Holdings | 294.80 Mn | 294.80 Mn | 73.06 Mn | 4.86% |
| 9 | Antalpha Platform Holding | 85.61 Mn | -804.10 Mn | 11.94 Mn | -242.52% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -4.00% |
| Mar 31, 2026 | -16.28% |
| Dec 31, 2025 | -12.04% |
| Sep 30, 2025 | 36.71% |
| Jun 30, 2025 | -12.04% |
| Mar 31, 2025 | -25.58% |
| Dec 31, 2024 | -7.32% |
| Sep 30, 2024 | -1.84% |
| Jun 30, 2024 | -66.80% |
| Mar 31, 2024 | -86.69% |
| Dec 31, 2023 | 161.27% |
| Sep 30, 2023 | -102.92% |
| Jun 30, 2023 | -96.78% |
| Mar 31, 2023 | -177.10% |
| Dec 31, 2022 | -189.24% |
| Sep 30, 2022 | -239.79% |
| Jun 30, 2022 | -728.02% |
| Mar 31, 2022 | -105.16% |
| Dec 31, 2021 | -80.77% |
| Sep 30, 2021 | -84.89% |