Blend Labs (BLND) Operating Margin (2020 - 2026)
Blend Labs' (BLND) quarterly Operating Margin came in at 16.41% in Q1 2026, up 1332.0% year-on-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.
- On a quarterly basis, Operating Margin rose 1332.0% year-over-year to 16.41% in Q1 2026; TTM through Mar 2026 was 14.75%, a 1523.0% increase from a year earlier, with the FY2025 full-year figure at 17.59%, up 2461.0% from the prior year.
- Operating Margin declined to 16.41% in Q1 2026 per BLND's latest filing, from 11.05% in the prior quarter.
- Across five years, Operating Margin topped out at 82.67% in Q4 2023 and bottomed at 719.29% in Q2 2022.
- The 5-year median for Operating Margin is 45.54% (2024), against an average of 103.07%.
- Across the five-year window, Operating Margin tumbled 59567 bps in 2022 and jumped 63352 bps in 2023, its largest moves.
- Year by year, Operating Margin stood at 175.66% in 2022, then surged by 147 bps to 82.67% in 2023, then sank by 113 bps to 10.86% in 2024, then retreated by 2 bps to 11.05% in 2025, then tumbled by 48 bps to 16.41% in 2026.
- Per Business Quant, the three latest BLND Operating Margin figures stand at 16.41% (Q1 2026), 11.05% (Q4 2025), and 16.35% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 12.05% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 14.56% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 21.08% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 4.06% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | -22.99% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | -23.45% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 29.26% |
| 10 | Blend Labs | 420.47 Mn | 361.46 Mn | 23.37 Mn | -16.41% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | -123.62% |