Blend Labs (BLND) Net Margin (2020 - 2026)
Blend Labs' (BLND) quarterly Net Margin came in at 41.44% in Q1 2026, up 1434.0% year-on-year from 2.7% in Q1 2025, and down 85.8% quarter-over-quarter from 22.3% in Q4 2025.
Blend Labs (BLND) Net Margin (2020 - 2026) Analysis & Trends
Blend Labs' Net Margin history runs 7 years deep, the most recent figure standing at 41.44% for Q1 2026.
- On a quarterly basis, Net Margin rose 1434.0% year-over-year to 41.44% in Q1 2026; TTM through Mar 2026 was 18.57%, a 2633.0% increase from a year earlier, with the FY2025 full-year figure at 20.95%, up 3130.0% from the prior year.
- Net Margin slipped to 41.44% in Q1 2026 per BLND's latest filing, from 22.3% in the prior quarter.
- Across five years, Net Margin topped out at 284.21% in Q4 2023 and bottomed at 729.92% in Q2 2022.
- The 5-year median for Net Margin is 82.22% (2024), against an average of 101.45%.
- Across the five-year window, Net Margin soared 62990 bps in 2023 and plunged 30581 bps in 2024, its largest moves.
- Year by year, Net Margin stood at 193.32% in 2022, then soared by 247 bps to 284.21% in 2023, then plunged by 108 bps to 21.6% in 2024, then fell by 3 bps to 22.3% in 2025, then sank by 86 bps to 41.44% in 2026.
- Per Business Quant, the three latest BLND Net Margin figures stand at 41.44% (Q1 2026), 22.3% (Q4 2025), and 23.06% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 20.22% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | -18.33% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 2.29% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 18.93% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 7.47% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 22.90% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | -21.25% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 22.77% |
| 10 | Blend Labs | 420.47 Mn | 361.46 Mn | 23.37 Mn | -41.44% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -41.44% |
| Dec 31, 2025 | -22.30% |
| 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% |
| Mar 31, 2021 | -84.92% |