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 down 9.61% YoY from $3.5 billion in Q1 2025.
Block (XYZ) Cost of Revenue (2015 - 2026) Analysis & Trends
Block has reported Cost of Revenue for 12 years, with the latest figure at $3.1 billion in Q1 2026.
- Quarterly Cost of Revenue fell 9.61% year-over-year to $3.1 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $13.5 billion (down 9.11% YoY) and the FY2025 annual result came in at $13.8 billion, down 9.18% 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.
- Over five years, Cost of Revenue peaked at $3.9 billion in Q2 2024 and troughed at $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.
- The sharpest annual moves came in 2022 and 2023: Cost of Revenue sank 34.88% in 2022, then climbed 26.14% in 2023.
- Over 5 years, Cost of Revenue stood at $3.0 billion in 2022, then grew by 25.3% to $3.7 billion in 2023, then declined by 0.7% to $3.7 billion in 2024, then fell by 9.16% to $3.4 billion in 2025, then decreased 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 29.53 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 296.87 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | - |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 974.00 Mn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 404.70 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 196.54 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 637.38 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 879.00 Mn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 3.45 Bn |
| 10 | NetApp | 40.73 Bn | 37.15 Bn | 1.37 Bn | 583.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.45 Bn |
| Jun 30, 2026 | 3.45 Bn |
| 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 |