Blend Labs (BLND) Net Margin (2020 - 2026)
Blend Labs (BLND) posted Net Margin of 18.94% for Q2 2026, up 54.28% on a QoQ basis from 41.44% in Q1 2026, and up 1654.0% year-over-year from 1.08% in Q2 2025.
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Analysis
Blend Labs (BLND) Net Margin (2020 - 2026) Analysis & Trends
Blend Labs has reported Net Margin for 7 years, with the latest figure at 18.94% in Q2 2026.
- On a quarterly basis, Net Margin rose 1654.0% year-over-year to 18.94% in Q2 2026; TTM through Jun 2026 was 17.73%, a 1592.0% increase from a year earlier, with the FY2025 full-year figure at 20.95%, up 3130.0% from the prior year.
- Net Margin was 18.94% for Q2 2026 at Blend Labs, up from 41.44% in the prior quarter.
- The five-year high for Net Margin was 284.21% in Q4 2023, with the low at 729.92% in Q2 2022.
- Average Net Margin over 5 years is 97.6%, with a median of 69.0% recorded in 2024.
- The sharpest annual moves came in 2023 and 2024: Net Margin surged 62990 bps in 2023, then tumbled 30581 bps in 2024.
- Over 5 years, Net Margin stood at 193.32% in 2022, then jumped by 247 bps to 284.21% in 2023, then sank by 108 bps to 21.6% in 2024, then sank by 64 bps to 35.48% in 2025, then jumped by 47 bps to 18.94% in 2026.
- The last three Net Margin figures came in at 18.94% (Q2 2026), 41.44% (Q1 2026), and 35.48% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Upstart Holdings | 2.73 Bn | 2.28 Bn | 303.39 Mn | 4.53% |
| 2 | Pagaya Technologies | 1.92 Bn | 1.72 Bn | 168.33 Mn | 10.94% |
| 3 | Qfin Holdings | 1.10 Bn | 108.74 Mn | - | 11.38% |
| 4 | FinVolution | 856.70 Mn | -70.30 Mn | - | 19.31% |
| 5 | X Financial | 432.29 Mn | -136.02 Mn | 84.09 Mn | 4.73% |
| 6 | Open Lending | 371.20 Mn | 186.25 Mn | 15.64 Mn | -2.24% |
| 7 | Blend Labs | 361.86 Mn | 317.00 Mn | 24.89 Mn | -18.94% |
| 8 | LexinFintech Holdings | 294.80 Mn | 294.80 Mn | 73.06 Mn | 3.18% |
| 9 | Antalpha Platform Holding | 85.61 Mn | -804.10 Mn | 11.94 Mn | -102.75% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -18.94% |
| Mar 31, 2026 | -41.44% |
| Dec 31, 2025 | -35.48% |
| Sep 30, 2025 | 23.06% |
| Jun 30, 2025 | -35.48% |
| Mar 31, 2025 | -55.78% |
| Dec 31, 2024 | -21.60% |
| Sep 30, 2024 | -24.93% |
| Jun 30, 2024 | -82.22% |
| Mar 31, 2024 | -92.82% |
| Dec 31, 2023 | 284.21% |
| Sep 30, 2023 | -106.46% |
| Jun 30, 2023 | -100.02% |
| Mar 31, 2023 | -180.72% |
| Dec 31, 2022 | -193.32% |
| Sep 30, 2022 | -242.04% |
| Jun 30, 2022 | -729.92% |
| Mar 31, 2022 | -102.83% |
| Dec 31, 2021 | -90.28% |
| Sep 30, 2021 | -85.88% |