Blend Labs (BLND) Gross Margin (2020 - 2026)
Blend Labs' 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 has reported Gross Margin for 7 years, with the latest figure at 75.75% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 498.0% year-over-year to 75.75%; the trailing twelve-month figure through Mar 2026 stood at 74.88% (up 232.0% YoY), and the FY2025 full-year result was 73.77%, up 188.0% from the prior year.
- Gross Margin for Q1 2026 stood at 75.75%, roughly flat from 75.68% in the prior quarter.
- The five-year high for Gross Margin was 75.75% in Q1 2026, with the low at 134.46% in Q4 2023.
- Average Gross Margin over 5 years is 48.51%, with a median of 67.29% recorded in 2024.
- Year-over-year, Gross Margin plunged 16813 bps in 2023 and surged 20862 bps in 2024.
- Tracing BLND's Gross Margin over 5 years: stood at 33.67% in 2022, then plunged by 499 bps to 134.46% in 2023, then jumped by 155 bps to 74.16% in 2024, then grew by 2 bps to 75.68% in 2025, then climbed by 0 bps to 75.75% in 2026.
- The last three Gross Margin figures came in at 75.75% (Q1 2026), 75.68% (Q4 2025), and 74.26% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 72.98% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 77.61% |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 48.77% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 75.07% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 85.65% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 89.62% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 48.28% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 79.05% |
| 10 | Blend Labs | 375.78 Mn | 316.77 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% |
| Mar 31, 2021 | 65.93% |
| Dec 31, 2020 | 71.32% |
| Sep 30, 2020 | 65.99% |
| Jun 30, 2020 | 60.47% |