Growth Metrics

Blend Labs (BLND) Operating Margin (2020 - 2025)

Blend Labs has reported Operating Margin over the past 6 years, most recently at 11.05% for Q4 2025.

  • Quarterly results put Operating Margin at 11.05% for Q4 2025, down 19.0% from a year ago — trailing twelve months through Dec 2025 was 17.59% (up 2461.0% YoY), and the annual figure for FY2025 was 17.59%, up 2461.0%.
  • Operating Margin for Q4 2025 was 11.05% at Blend Labs, up from 16.35% in the prior quarter.
  • Over the last five years, Operating Margin for BLND hit a ceiling of 82.67% in Q4 2023 and a floor of 719.29% in Q2 2022.
  • Median Operating Margin over the past 5 years was 82.05% (2021), compared with a mean of 104.87%.
  • Biggest five-year swings in Operating Margin: crashed -59567bps in 2022 and later skyrocketed 63352bps in 2023.
  • Blend Labs' Operating Margin stood at 73.92% in 2021, then tumbled by -138bps to 175.66% in 2022, then soared by 147bps to 82.67% in 2023, then tumbled by -113bps to 10.86% in 2024, then decreased by -2bps to 11.05% in 2025.
  • The last three reported values for Operating Margin were 11.05% (Q4 2025), 16.35% (Q3 2025), and 15.26% (Q2 2025) per Business Quant data.