Blend Labs (BLND) Gross Margin (2020 - 2026)
Blend Labs (BLND) posted quarterly Gross Margin of 75.75% for Q1 2026, up 498.0% year-over-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.
- In Q1 2026, Gross Margin rose 498.0% year-over-year to 75.75%; the TTM figure through Mar 2026 stood at 74.88% (up 232.0% YoY), while the FY2025 annual figure 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.
- The 5-year median for Gross Margin is 67.29% (2024), against an average of 48.51%.
- The sharpest annual moves came in 2023 and 2024: Gross Margin tumbled 16813 bps in 2023, then surged 20862 bps in 2024.
- Blend Labs' Gross Margin stood at 33.67% in 2022, then plunged by 499 bps to 134.46% in 2023, then surged by 155 bps to 74.16% in 2024, then advanced by 2 bps to 75.68% in 2025, then gained by 0 bps to 75.75% in 2026.
- Business Quant data shows BLND's Gross Margin at 75.75% in Q1 2026, 75.68% in Q4 2025, and 74.26% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 73.08% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 47.67% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 76.92% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 44.93% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 70.68% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 66.61% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 45.88% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 89.20% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 84.61% |
| 10 | Blend Labs | 354.77 Mn | 309.90 Mn | 24.89 Mn | 73.54% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 73.54% |
| 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% |