KPIs & Operating Metrics(New)
Growth Metrics

Block (XYZ) Cost of Revenue (2016 - 2025)

Block's Cost of Revenue history spans 11 years, with the latest figure at $3.4 billion for Q4 2025.

  • For Q4 2025, Cost of Revenue rose 135.48% year-over-year to $3.4 billion; the TTM value through Dec 2025 reached $13.8 billion, up 597.17%, while the annual FY2025 figure was $2.3 billion, 14.55% up from the prior year.
  • Cost of Revenue for Q4 2025 was $3.4 billion at Block, down from $3.5 billion in the prior quarter.
  • Across five years, Cost of Revenue topped out at $7.1 billion in Q3 2024 and bottomed at -$9.5 billion in Q4 2024.
  • The 5-year median for Cost of Revenue is $3.4 billion (2025), against an average of $2.0 billion.
  • The largest annual shift saw Cost of Revenue skyrocketed 2004.39% in 2021 before it tumbled 354.23% in 2024.
  • A 5-year view of Cost of Revenue shows it stood at $6.1 billion in 2021, then tumbled by 207.07% to -$6.5 billion in 2022, then surged by 157.73% to $3.7 billion in 2023, then plummeted by 354.23% to -$9.5 billion in 2024, then surged by 135.48% to $3.4 billion in 2025.
  • Per Business Quant, the three most recent readings for XYZ's Cost of Revenue are $3.4 billion (Q4 2025), $3.5 billion (Q3 2025), and $3.5 billion (Q2 2025).