Blend Labs (BLND) FCF Margin (2020 - 2026)

Blend Labs' (BLND) quarterly FCF Margin came in at 23.38% in Q1 2026, down 3549.0% year-on-year from 0.68% in Q1 2025, and down 47.12% quarter-over-quarter from 44.2% in Q4 2025.

Blend Labs (BLND) FCF Margin (2020 - 2026) Analysis & Trends

Blend Labs' FCF Margin history runs 7 years deep, the most recent figure standing at 23.38% for Q1 2026.

  • On a quarterly basis, FCF Margin fell 3549.0% year-over-year to 23.38% in Q1 2026; TTM through Mar 2026 was 4.45%, a 353.0% increase from a year earlier, with the FY2025 full-year figure at 11.55%, up 2704.0% from the prior year.
  • FCF Margin fell to 23.38% in Q1 2026 per BLND's latest filing, from 44.2% in the prior quarter.
  • Across five years, FCF Margin topped out at 184.86% in Q4 2023 and bottomed at 125.77% in Q1 2023.
  • The 5-year median for FCF Margin is 38.76% (2024), against an average of 24.42%.
  • Across the five-year window, FCF Margin jumped 29656 bps in 2023 and slumped 22635 bps in 2024, its largest moves.
  • Year by year, FCF Margin stood at 111.7% in 2022, then surged by 265 bps to 184.86% in 2023, then tumbled by 122 bps to 41.49% in 2024, then jumped by 207 bps to 44.2% in 2025, then tumbled by 47 bps to 23.38% in 2026.
  • Per Business Quant, the three latest BLND FCF Margin figures stand at 23.38% (Q1 2026), 44.2% (Q4 2025), and 17.62% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn 39.26%
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 15.02%
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 17.31%
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 58.89%
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 11.86%
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 36.83%
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 16.73%
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 20.82%
10 Blend Labs 420.47 Mn 361.46 Mn 23.37 Mn 23.38%

Historic Data

Download Data
DateValue
Mar 31, 2026 23.38%
Dec 31, 2025 44.20%
Sep 30, 2025 -17.62%
Jun 30, 2025 -31.94%
Mar 31, 2025 58.87%
Dec 31, 2024 -41.49%
Sep 30, 2024 26.91%
Jun 30, 2024 -38.76%
Mar 31, 2024 -13.54%
Dec 31, 2023 184.86%
Sep 30, 2023 -62.61%
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%
Jun 30, 2021 -102.71%