Block (XYZ) Cost of Revenue (2015 - 2026)
Block (XYZ) posted Cost of Revenue of $3.1 billion for Q1 2026, down 6.88% sequentially from $3.4 billion in Q4 2025, and up 523.96% YoY from $504.5 million in Q1 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.
- Quarterly Cost of Revenue rose 523.96% year-over-year to $3.1 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $10.5 billion (up 92.9% YoY) and the FY2025 annual result came in at $13.8 billion, up 597.17% from the prior year.
- Cost of Revenue fell to $3.1 billion in Q1 2026 per XYZ's latest filing, from $3.4 billion in the prior quarter.
- The five-year high for Cost of Revenue was $3.9 billion in Q2 2024, with the low at $485.8 million in Q3 2022.
- Average Cost of Revenue over 5 years is $2.2 billion, with a median of $3.0 billion recorded in 2022.
- Year-over-year, Cost of Revenue surged 665.49% in 2023 and plunged 86.94% in 2025.
- Block's Cost of Revenue stood at $3.0 billion in 2022, then increased by 25.3% to $3.7 billion in 2023, then plunged by 86.09% to $521.1 million in 2024, then jumped by 548.72% to $3.4 billion in 2025, then slipped 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 | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 6.81 Bn |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 2.07 Bn |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 215.80 Mn |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 823.00 Mn |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 463.58 Mn |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 636.30 Mn |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 184.16 Mn |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 396.38 Mn |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 3.15 Bn |
| 10 | CoreWeave | 45.15 Bn | 42.89 Bn | 2.01 Bn | 69.00 Mn |
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 |