Blend Labs (BLND) Gross Margin (2020 - 2026)
Blend Labs (BLND) recorded Gross Margin of 73.54% in Q2 2026, down 0.30 percentage points from 73.84% a year earlier and down 2.21 percentage points from the prior quarter.
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Analysis
Blend Labs (BLND) Gross Margin (2020 - 2026) Analysis & Trends
On a TTM basis, Blend Labs' Gross Margin came in at 74.33% as of Jun 30, 2026, up 1.04 percentage points year-over-year; for FY2025, it was 73.77%, up 1.88 percentage points from FY2024.
- Annual Gross Margin has increased for three straight years, with a five-year change of +9.48 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 71.89% in FY2024 (+2.10 pp), 69.79% in FY2023 (+31.68 pp), 38.12% in FY2022 (-11.35 pp) and 49.46% in FY2021 (-14.83 pp).
- The Q2 2026 figure is the lowest quarterly Gross Margin since Q1 2025.
- On a year-over-year basis, Gross Margin rose in five of the last seven quarters, with an average year-over-year change of +4.39 percentage points.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 24.83 percentage points in Q1 2024, against a drop of 28.17 percentage points in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 75.75% (Q1 2026), 73.84% (Q4 2025) and 74.26% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | - |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | - |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 47.84% |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | 75.71% |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | - |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | 54.74% |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | 61.04% |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | 87.70% |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 65.60% |
| 10 | Blend Labs | 257.80 Mn | 6.80 Mn | 24.89 Mn | 73.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 73.54% |
| Mar 31, 2026 | 75.75% |
| Dec 31, 2025 | 73.84% |
| 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% |
| 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% |
API Access
Blend Labs Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=BLND&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "BLND", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=BLND&period=max&api_key=YOUR_API_KEY");
const data = await res.json();