Blend Labs (BLND) Gross Margin (2020 - 2026)
Blend Labs' (BLND) quarterly Gross Margin came in at 75.75% in Q1 2026, up 498.0% year-on-year from 12.67% in Q1 2025, and little changed quarter-over-quarter from 75.68% in Q4 2025.
Blend Labs (BLND) Gross Margin (2020 - 2026) Analysis & Trends
Blend Labs' Gross Margin history runs 7 years deep, the most recent figure standing at 75.75% for Q1 2026.
- On a quarterly basis, Gross Margin rose 498.0% year-over-year to 75.75% in Q1 2026; TTM through Mar 2026 was 74.88%, a 232.0% increase from a year earlier, with the FY2025 full-year figure at 73.77%, up 188.0% from the prior year.
- Gross Margin was little changed at 75.75% in Q1 2026 per BLND's latest filing, from 75.68% in the prior quarter.
- Across five years, Gross Margin topped out at 75.75% in Q1 2026 and bottomed at 134.46% in Q4 2023.
- The 5-year median for Gross Margin is 67.29% (2024), against an average of 48.51%.
- Across the five-year window, Gross Margin plunged 16813 bps in 2023 and surged 20862 bps in 2024, its largest moves.
- Year by year, Gross Margin stood at 33.67% in 2022, then tumbled by 499 bps to 134.46% in 2023, then soared by 155 bps to 74.16% in 2024, then climbed by 2 bps to 75.68% in 2025, then advanced by 0 bps to 75.75% in 2026.
- Per Business Quant, the three latest BLND Gross Margin figures stand at 75.75% (Q1 2026), 75.68% (Q4 2025), and 74.26% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 48.77% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 45.03% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 76.92% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 70.68% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 48.28% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 66.61% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 95.85% |
| 10 | Blend Labs | 420.47 Mn | 361.46 Mn | 23.37 Mn | 75.75% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 75.75% |
| Dec 31, 2025 | 75.68% |
| Sep 30, 2025 | 74.26% |
| Jun 30, 2025 | 73.84% |
| Mar 31, 2025 | 70.78% |
| Dec 31, 2024 | 74.16% |
| Sep 30, 2024 | 74.01% |
| Jun 30, 2024 | 70.88% |
| Mar 31, 2024 | 67.29% |
| Dec 31, 2023 | -134.46% |
| Sep 30, 2023 | 54.35% |
| Jun 30, 2023 | 54.87% |
| Mar 31, 2023 | 42.46% |
| Dec 31, 2022 | 33.67% |
| Sep 30, 2022 | 38.14% |
| Jun 30, 2022 | 38.55% |
| Mar 31, 2022 | 40.36% |
| Dec 31, 2021 | 43.15% |
| Sep 30, 2021 | 45.02% |
| Jun 30, 2021 | 61.45% |