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| Date | Value |
|---|---|
| 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% |