Blend Labs (BLND) Net Margin (2020 - 2026)
Blend Labs (BLND) recorded quarterly Net Margin of 41.44% in Q1 2026, down 85.8% quarter-over-quarter from 22.3% in Q4 2025, and up 1434.0% on a YoY basis from 2.7% in Q1 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.
- In Q1 2026, Net Margin rose 1434.0% year-over-year to 41.44%; the TTM figure through Mar 2026 stood at 18.57% (up 2633.0% YoY), while the FY2025 annual figure was 20.95%, up 3130.0% from the prior year.
- Net Margin was 41.44% for Q1 2026 at Blend Labs, down from 22.3% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 284.21% in Q4 2023 to a low of 729.92% in Q2 2022.
- Historically, Net Margin has averaged 101.45% across 5 years, with a median of 82.22% in 2024.
- The sharpest annual moves came in 2023 and 2024: Net Margin jumped 62990 bps in 2023, then plunged 30581 bps in 2024.
- A 5-year view of Net Margin shows it stood at 193.32% in 2022, then soared by 247 bps to 284.21% in 2023, then slumped by 108 bps to 21.6% in 2024, then fell by 3 bps to 22.3% in 2025, then tumbled by 86 bps to 41.44% in 2026.
- The last three Net Margin figures came in at 41.44% (Q1 2026), 22.3% (Q4 2025), and 23.06% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 20.22% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 2.29% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | -18.33% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 18.74% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 22.77% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 12.44% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 22.90% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 25.87% |
| 10 | Blend Labs | 458.86 Mn | 399.85 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% |