Block (XYZ) Cost of Revenue (2015 - 2026)
Block (XYZ) reported Cost of Revenue of $3.1 billion for Q1 2026, down 9.61% on a YoY basis from $3.5 billion in Q1 2025, and down 6.88% sequentially from $3.4 billion in Q4 2025.
Block (XYZ) Cost of Revenue (2015 - 2026) Analysis & Trends
Block (XYZ) has 12 years of Cost of Revenue data on file, last reported at $3.1 billion in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue fell 9.61% year-over-year to $3.1 billion; the trailing twelve-month figure through Mar 2026 stood at $13.5 billion (down 9.11% YoY), and the FY2025 full-year result was $13.8 billion, down 9.18% from the prior year.
- Cost of Revenue fell to $3.1 billion in Q1 2026, 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 $2.7 billion in Q1 2022.
- A 5-year average of $3.4 billion and a median of $3.5 billion in 2025 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue tumbled 34.88% in 2022 and gained 26.14% in 2023, its largest moves.
- Tracing XYZ's Cost of Revenue over 5 years: stood at $3.0 billion in 2022, then gained by 25.3% to $3.7 billion in 2023, then decreased by 0.7% to $3.7 billion in 2024, then slipped by 9.16% to $3.4 billion in 2025, then declined by 6.88% to $3.1 billion in 2026.
- Business Quant data shows XYZ's Cost of Revenue at $3.1 billion in Q1 2026, $3.4 billion in Q4 2025, and $3.5 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,892.72 Bn | 2,768.29 Bn | 56.06 Bn | 26.83 Bn |
| 2 | PagSeguro Digital | 2,612.76 Bn | 2,612.76 Bn | 358.92 Mn | 71.28 Mn |
| 3 | Oracle | 342.46 Bn | 310.56 Bn | - | - |
| 4 | Repay Holdings | 334.04 Bn | 333.89 Bn | - | - |
| 5 | Palantir Technologies | 314.12 Bn | 306.10 Bn | 1.42 Bn | 215.80 Mn |
| 6 | Palo Alto Networks | 224.02 Bn | 219.48 Bn | 1.91 Bn | 685.00 Mn |
| 7 | CrowdStrike Holdings | 180.98 Bn | 177.88 Bn | 993.68 Mn | 311.70 Mn |
| 8 | Fortinet | 112.73 Bn | 109.43 Bn | 1.49 Bn | 364.50 Mn |
| 9 | Cloudflare | 93.73 Bn | 92.79 Bn | 455.60 Mn | 184.16 Mn |
| 10 | Block | 48.28 Bn | 41.42 Bn | 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 | 3.52 Bn |
| Jun 30, 2025 | 3.52 Bn |
| Mar 31, 2025 | 3.48 Bn |
| Mar 31, 2025 | 3.48 Bn |
| Dec 31, 2024 | 3.72 Bn |
| Dec 31, 2024 | 3.72 Bn |
| Sep 30, 2024 | 3.73 Bn |
| Sep 30, 2024 | 3.73 Bn |
| 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 |