Blend Labs (BLND) Operating Margin (2020 - 2026)
Blend Labs (BLND) posted quarterly Operating Margin of 16.41% for Q1 2026, up 1332.0% year-over-year from 1.15% in Q1 2025, and down 48.5% quarter-over-quarter from 11.05% in Q4 2025.
Blend Labs (BLND) Operating Margin (2020 - 2026) Analysis & Trends
Blend Labs' Operating Margin history runs 7 years deep, the most recent figure standing at 16.41% for Q1 2026.
- In Q1 2026, Operating Margin rose 1332.0% year-over-year to 16.41%; the TTM figure through Mar 2026 stood at 14.75% (up 1523.0% YoY), while the FY2025 annual figure was 17.59%, up 2461.0% from the prior year.
- Operating Margin for Q1 2026 stood at 16.41%, down from 11.05% in the prior quarter.
- The five-year high for Operating Margin was 82.67% in Q4 2023, with the low at 719.29% in Q2 2022.
- The 5-year median for Operating Margin is 45.54% (2024), against an average of 103.07%.
- The sharpest annual moves came in 2022 and 2023: Operating Margin slumped 59567 bps in 2022, then jumped 63352 bps in 2023.
- Blend Labs' Operating Margin stood at 175.66% in 2022, then jumped by 147 bps to 82.67% in 2023, then slumped by 113 bps to 10.86% in 2024, then fell by 2 bps to 11.05% in 2025, then plunged by 48 bps to 16.41% in 2026.
- Business Quant data shows BLND's Operating Margin at 16.41% in Q1 2026, 11.05% in Q4 2025, and 16.35% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 27.70% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 13.62% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 21.08% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 13.32% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 4.06% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | -23.45% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | -33.33% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 33.82% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 46.97% |
| 10 | Blend Labs | 354.77 Mn | 309.90 Mn | 24.89 Mn | -4.66% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -4.66% |
| Mar 31, 2026 | -16.41% |
| Dec 31, 2025 | -11.05% |
| Sep 30, 2025 | -16.35% |
| Jun 30, 2025 | -15.26% |
| Mar 31, 2025 | -29.73% |
| Dec 31, 2024 | -10.86% |
| Sep 30, 2024 | -34.08% |
| Jun 30, 2024 | -45.54% |
| Mar 31, 2024 | -89.01% |
| Dec 31, 2023 | 82.67% |
| Sep 30, 2023 | -89.18% |
| Jun 30, 2023 | -85.77% |
| Mar 31, 2023 | -164.55% |
| Dec 31, 2022 | -175.66% |
| Sep 30, 2022 | -234.60% |
| Jun 30, 2022 | -719.29% |
| Mar 31, 2022 | -97.52% |
| Dec 31, 2021 | -73.92% |
| Sep 30, 2021 | -78.75% |