Growth Metrics

Block (BSQKZ) Operating Expenses (2015 - 2026)

Block recorded quarterly Operating Expenses of $3.1 billion in Q1 2026, up 29.09% quarter-over-quarter from $2.4 billion in Q4 2025, and up 57.18% year-over-year from $2.0 billion in Q1 2025.

Block's Operating Expenses history runs 12 years deep, the most recent figure standing at $3.1 billion for Q1 2026.

  • In Q1 2026, Operating Expenses rose 57.18% year-over-year to $3.1 billion; the TTM figure through Mar 2026 stood at $9.8 billion (up 20.46% YoY), while the FY2025 annual figure was $8.7 billion, up 8.19% from the prior year.
  • Operating Expenses came in at $3.1 billion for Q1 2026 at Block, up from $2.4 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $3.1 billion in Q1 2026 to a low of $1.5 billion in Q1 2022.
  • A 5-year average of $2.0 billion and a median of $1.9 billion in 2024 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses soared 69.88% in 2022 and decreased 3.57% in 2024, its largest moves.
  • Block's Operating Expenses stood at $1.8 billion in 2022, then advanced by 20.11% to $2.2 billion in 2023, then gained by 6.58% to $2.3 billion in 2024, then grew by 3.85% to $2.4 billion in 2025, then increased by 29.09% to $3.1 billion in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $3.1 billion, $2.4 billion, and $2.3 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Microsoft 3,425.08 Bn 3,346.81 Bn 56.06 Bn 10.85 Bn
2 Oracle 712.03 Bn 673.46 Bn 15.14 Bn 11.73 Bn
3 Palantir Technologies 384.58 Bn 376.66 Bn 1.42 Bn 662.79 Mn
4 Palo Alto Networks 208.80 Bn 204.26 Bn 1.91 Bn 1.51 Bn
5 CrowdStrike Holdings 195.63 Bn 192.58 Bn 993.68 Mn 979.89 Mn
6 Fortinet 108.69 Bn 105.40 Bn 1.49 Bn 905.10 Mn
7 Cloudflare 95.27 Bn 94.32 Bn 455.60 Mn 517.59 Mn
8 Synopsys 93.41 Bn 93.30 Bn 1.77 Bn 1.57 Bn
9 CoreWeave 65.84 Bn 63.57 Bn 2.01 Bn 2.22 Bn
10 Block - - 2.91 Bn 3.08 Bn

Historic Data

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DateValue
Mar 31, 2026 3.08 Bn
Dec 31, 2025 2.39 Bn
Sep 30, 2025 2.25 Bn
Jun 30, 2025 2.05 Bn
Mar 31, 2025 1.96 Bn
Dec 31, 2024 2.30 Bn
Sep 30, 2024 1.93 Bn
Jun 30, 2024 1.93 Bn
Mar 31, 2024 1.84 Bn
Dec 31, 2023 2.16 Bn
Sep 30, 2023 1.91 Bn
Jun 30, 2023 2.00 Bn
Mar 31, 2023 1.72 Bn
Dec 31, 2022 1.80 Bn
Sep 30, 2022 1.62 Bn
Jun 30, 2022 1.68 Bn
Mar 31, 2022 1.52 Bn
Dec 31, 2021 1.24 Bn
Sep 30, 2021 1.11 Bn
Jun 30, 2021 1.02 Bn
Mar 31, 2021 895.77 Mn
Dec 31, 2020 758.51 Mn
Sep 30, 2020 745.11 Mn
Jun 30, 2020 619.82 Mn
Mar 31, 2020 628.79 Mn
Dec 31, 2019 509.70 Mn
Sep 30, 2019 467.94 Mn
Jun 30, 2019 466.69 Mn
Mar 31, 2019 418.80 Mn
Dec 31, 2018 383.16 Mn
Sep 30, 2018 362.53 Mn
Jun 30, 2018 318.46 Mn
Mar 31, 2018 276.16 Mn
Dec 31, 2017 252.84 Mn
Sep 30, 2017 233.51 Mn
Jun 30, 2017 219.65 Mn
Mar 31, 2017 187.51 Mn
Dec 31, 2016 180.50 Mn
Sep 30, 2016 182.30 Mn
Jun 30, 2016 176.32 Mn
Mar 31, 2016 207.37 Mn
Dec 31, 2015 156.91 Mn
Sep 30, 2015 148.53 Mn
Jun 30, 2015 118.42 Mn
Mar 31, 2015 120.64 Mn