Block (BSQKZ) Cost of Revenue (2015 - 2026)
Block recorded quarterly Cost of Revenue of $3.1 billion in Q1 2026, down 6.88% quarter-over-quarter from $3.4 billion in Q4 2025, and up 523.96% year-over-year from $504.5 million in Q1 2025.
Block's Cost of Revenue history runs 12 years deep, the most recent figure standing at $3.1 billion for Q1 2026.
- In Q1 2026, Cost of Revenue rose 523.96% year-over-year to $3.1 billion; the TTM figure through Mar 2026 stood at $10.5 billion (up 92.9% YoY), while the FY2025 annual figure was $13.8 billion, up 597.17% from the prior year.
- Cost of Revenue came in at $3.1 billion for Q1 2026 at Block, down from $3.4 billion in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $3.9 billion in Q2 2024 to a low of $485.8 million in Q3 2022.
- A 5-year average of $2.2 billion and a median of $3.0 billion in 2022 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue surged 665.49% in 2023 and sank 86.94% in 2025, its largest moves.
- Block's Cost of Revenue stood at $3.0 billion in 2022, then climbed by 25.3% to $3.7 billion in 2023, then slumped by 86.09% to $521.1 million in 2024, then surged by 548.72% to $3.4 billion in 2025, then retreated by 6.88% to $3.1 billion in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $3.1 billion, $3.4 billion, and $3.5 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,425.08 Bn | 3,346.81 Bn | 56.06 Bn | 6.81 Bn |
| 2 | Oracle | 712.03 Bn | 673.46 Bn | 15.14 Bn | 2.05 Bn |
| 3 | Palantir Technologies | 384.58 Bn | 376.66 Bn | 1.42 Bn | 215.80 Mn |
| 4 | Palo Alto Networks | 208.80 Bn | 204.26 Bn | 1.91 Bn | 823.00 Mn |
| 5 | CrowdStrike Holdings | 195.63 Bn | 192.58 Bn | 993.68 Mn | 463.58 Mn |
| 6 | Fortinet | 108.69 Bn | 105.40 Bn | 1.49 Bn | 636.30 Mn |
| 7 | Cloudflare | 95.27 Bn | 94.32 Bn | 455.60 Mn | 184.16 Mn |
| 8 | Synopsys | 93.41 Bn | 93.30 Bn | 1.77 Bn | 396.38 Mn |
| 9 | CoreWeave | 65.84 Bn | 63.57 Bn | 2.01 Bn | 69.00 Mn |
| 10 | Block | - | - | 2.91 Bn | 3.15 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.15 Bn |
| Mar 31, 2026 | 3.15 Bn |
| Dec 31, 2025 | 3.38 Bn |
| Dec 31, 2025 | 3.38 Bn |
| Sep 30, 2025 | 3.45 Bn |
| Sep 30, 2025 | 3.45 Bn |
| Jun 30, 2025 | 549.73 Mn |
| Jun 30, 2025 | 549.73 Mn |
| Mar 31, 2025 | 504.46 Mn |
| Mar 31, 2025 | 504.46 Mn |
| Dec 31, 2024 | 521.06 Mn |
| Dec 31, 2024 | 521.06 Mn |
| Sep 30, 2024 | 511.76 Mn |
| Sep 30, 2024 | 511.76 Mn |
| Jun 30, 2024 | 3.92 Bn |
| Jun 30, 2024 | 3.92 Bn |
| Mar 31, 2024 | 3.86 Bn |
| Mar 31, 2024 | 3.86 Bn |
| Dec 31, 2023 | 3.75 Bn |
| Dec 31, 2023 | 3.75 Bn |
| Sep 30, 2023 | 3.72 Bn |
| Sep 30, 2023 | 3.72 Bn |
| Jun 30, 2023 | 537.61 Mn |
| Jun 30, 2023 | 537.61 Mn |
| Mar 31, 2023 | 3.28 Bn |
| Mar 31, 2023 | 3.28 Bn |
| Dec 31, 2022 | 2.99 Bn |
| Dec 31, 2022 | 2.99 Bn |
| Sep 30, 2022 | 485.84 Mn |
| Sep 30, 2022 | 485.84 Mn |
| Jun 30, 2022 | 530.83 Mn |
| Jun 30, 2022 | 530.83 Mn |
| Mar 31, 2022 | 2.67 Bn |
| Mar 31, 2022 | 2.67 Bn |
| Dec 31, 2021 | -8.73 Bn |
| Dec 31, 2021 | -8.73 Bn |
| Sep 30, 2021 | 2.71 Bn |
| Sep 30, 2021 | 2.71 Bn |
| Jun 30, 2021 | 373.88 Mn |
| Jun 30, 2021 | 373.88 Mn |
| Mar 31, 2021 | 4.09 Bn |
| Mar 31, 2021 | 4.09 Bn |
| Dec 31, 2020 | 5.98 Bn |
| Dec 31, 2020 | 5.98 Bn |
| Sep 30, 2020 | 2.24 Bn |
| Sep 30, 2020 | 2.24 Bn |
| Jun 30, 2020 | 238.10 Mn |
| Jun 30, 2020 | 238.10 Mn |
| Mar 31, 2020 | 842.61 Mn |
| Mar 31, 2020 | 842.61 Mn |
| Dec 31, 2019 | -1.41 Bn |
| Dec 31, 2019 | -1.41 Bn |
| Sep 30, 2019 | 149.47 Mn |
| Sep 30, 2019 | 149.47 Mn |
| Jun 30, 2019 | 156.42 Mn |
| Jun 30, 2019 | 156.42 Mn |
| Mar 31, 2019 | 562.61 Mn |
| Mar 31, 2019 | 562.61 Mn |
| Dec 31, 2018 | 119.31 Mn |
| Dec 31, 2018 | 119.31 Mn |
| Sep 30, 2018 | 116.34 Mn |
| Sep 30, 2018 | 116.34 Mn |
| Jun 30, 2018 | 499.12 Mn |
| Jun 30, 2018 | 499.12 Mn |
| Mar 31, 2018 | 77.27 Mn |
| Mar 31, 2018 | 77.27 Mn |
| Dec 31, 2017 | -113.96 Mn |
| Dec 31, 2017 | -113.96 Mn |
| Sep 30, 2017 | 66.53 Mn |
| Sep 30, 2017 | 66.53 Mn |
| Jun 30, 2017 | 344.08 Mn |
| Jun 30, 2017 | 344.08 Mn |
| Mar 31, 2017 | 12.66 Mn |
| Mar 31, 2017 | 12.66 Mn |
| Dec 31, 2016 | 1.08 Bn |
| Dec 31, 2016 | 1.08 Bn |
| Sep 30, 2016 | 46.75 Mn |
| Sep 30, 2016 | 46.75 Mn |
| Jun 30, 2016 | 2.26 Mn |
| Jun 30, 2016 | 2.26 Mn |
| Mar 31, 2016 | 38.50 Mn |
| Mar 31, 2016 | 38.50 Mn |
| Dec 31, 2015 | 38.45 Mn |
| Dec 31, 2015 | 38.45 Mn |
| Sep 30, 2015 | 235.88 Mn |
| Sep 30, 2015 | 235.88 Mn |
| Jun 30, 2015 | 219.67 Mn |
| Jun 30, 2015 | 219.67 Mn |
| Mar 31, 2015 | 36.18 Mn |
| Mar 31, 2015 | 36.18 Mn |