Blend Labs (BLND) FCF Margin (2020 - 2026)
Blend Labs (BLND) posted FCF Margin of 20.43% for Q2 2026, down 14.21% on a QoQ basis from 23.81% in Q1 2026, and up 4993.0% year-over-year from 0.4% in Q2 2025.
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Blend Labs (BLND) FCF Margin (2020 - 2026) Analysis & Trends
Blend Labs has reported FCF Margin for 7 years, with the latest figure at 20.43% in Q2 2026.
- On a quarterly basis, FCF Margin rose 4993.0% year-over-year to 20.43% in Q2 2026; TTM through Jun 2026 was 8.21%, a 982.0% increase from a year earlier, with the FY2025 full-year figure at 2.27%, up 2195.0% from the prior year.
- FCF Margin was 20.43% for Q2 2026 at Blend Labs, down from 23.81% in the prior quarter.
- The five-year high for FCF Margin was 180.66% in Q4 2023, with the low at 125.77% in Q1 2023.
- Average FCF Margin over 5 years is 24.99%, with a median of 26.98% recorded in 2024.
- The sharpest annual moves came in 2023 and 2024: FCF Margin jumped 29236 bps in 2023, then slumped 20418 bps in 2024.
- Over 5 years, FCF Margin stood at 111.7% in 2022, then jumped by 262 bps to 180.66% in 2023, then slumped by 113 bps to 23.52% in 2024, then jumped by 118 bps to 4.23% in 2025, then soared by 383 bps to 20.43% in 2026.
- The last three FCF Margin figures came in at 20.43% (Q2 2026), 23.81% (Q1 2026), and 4.23% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Upstart Holdings | 2.73 Bn | 2.28 Bn | 303.39 Mn | -38.61% |
| 2 | Pagaya Technologies | 1.92 Bn | 1.72 Bn | 168.33 Mn | 18.41% |
| 3 | Qfin Holdings | 1.10 Bn | 108.74 Mn | - | 30.32% |
| 4 | FinVolution | 856.70 Mn | -70.30 Mn | - | -11.42% |
| 5 | X Financial | 432.29 Mn | -136.02 Mn | 84.09 Mn | - |
| 6 | Open Lending | 371.20 Mn | 186.25 Mn | 15.64 Mn | -5.14% |
| 7 | Blend Labs | 361.86 Mn | 317.00 Mn | 24.89 Mn | 20.43% |
| 8 | LexinFintech Holdings | 294.80 Mn | 294.80 Mn | 73.06 Mn | - |
| 9 | Antalpha Platform Holding | 85.61 Mn | -804.10 Mn | 11.94 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.43% |
| Mar 31, 2026 | 23.81% |
| Dec 31, 2025 | 4.23% |
| Sep 30, 2025 | -15.31% |
| Jun 30, 2025 | -29.50% |
| Mar 31, 2025 | 58.87% |
| Dec 31, 2024 | -23.52% |
| Sep 30, 2024 | -4.08% |
| Jun 30, 2024 | -29.68% |
| Mar 31, 2024 | -24.46% |
| Dec 31, 2023 | 180.66% |
| Sep 30, 2023 | -63.85% |
| Jun 30, 2023 | -80.72% |
| Mar 31, 2023 | -125.77% |
| Dec 31, 2022 | -111.70% |
| Sep 30, 2022 | -92.01% |
| Jun 30, 2022 | -72.71% |
| Mar 31, 2022 | -64.47% |
| Dec 31, 2021 | -54.24% |
| Sep 30, 2021 | -35.55% |