Block (XYZ) Cost of Revenue (2015 - 2026)
Block's (XYZ) quarterly Cost of Revenue came in at $3.5 billion in Q2 2026, down 1.89% year-over-year from $3.5 billion in Q2 2025, and up 9.66% quarter-over-quarter from $3.1 billion in Q1 2026.
Analysis
Block (XYZ) Cost of Revenue (2015 - 2026) Analysis & Trends
Block has disclosed Cost of Revenue across 12 years of filings, most recently posting $3.5 billion for Q2 2026.
- In Q2 2026, Cost of Revenue fell 1.89% year-over-year to $3.5 billion; the TTM figure through Jun 2026 stood at $13.4 billion (down 7.02% YoY), while the FY2025 annual figure was $13.8 billion, down 9.18% from the prior year.
- Cost of Revenue came in at $3.5 billion for Q2 2026 at Block, up from $3.1 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.
- Average Cost of Revenue over 5 years is $3.4 billion, with a median of $3.5 billion recorded in 2025.
- Year-over-year, Cost of Revenue plunged 34.88% in 2022 and advanced 26.14% in 2023.
- Over 5 years, Cost of Revenue stood at $3.0 billion in 2022, then advanced by 25.3% to $3.7 billion in 2023, then slipped by 0.7% to $3.7 billion in 2024, then dropped by 9.16% to $3.4 billion in 2025, then rose by 2.11% to $3.5 billion in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $3.5 billion in Q2 2026, $3.1 billion in Q1 2026, and $3.4 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 48.11 Bn | 41.69 Bn | 3.17 Bn | 3.45 Bn |
| 2 | PayPal Holdings | 46.76 Bn | 35.51 Bn | - | - |
| 3 | Fiserv | 27.25 Bn | 26.62 Bn | 3.59 Bn | 1.71 Bn |
| 4 | Corpay | 26.88 Bn | 19.87 Bn | 1.19 Bn | 150.61 Mn |
| 5 | Global Payments | 24.33 Bn | 18.93 Bn | 2.03 Bn | 1.29 Bn |
| 6 | Wex | 6.47 Bn | 372.03 Mn | 463.80 Mn | 289.70 Mn |
| 7 | Aci Worldwide | 5.21 Bn | 5.04 Bn | 181.57 Mn | 248.85 Mn |
| 8 | Paymentus Holdings | 4.44 Bn | 4.06 Bn | 94.31 Mn | 266.43 Mn |
| 9 | dLocal | 4.38 Bn | 3.50 Bn | 127.15 Mn | 272.51 Mn |
| 10 | Sezzle | 4.03 Bn | 3.94 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.45 Bn |
| Mar 31, 2026 | 3.15 Bn |
| Dec 31, 2025 | 3.38 Bn |
| Sep 30, 2025 | 3.45 Bn |
| Jun 30, 2025 | 3.52 Bn |
| Mar 31, 2025 | 3.48 Bn |
| Dec 31, 2024 | 3.72 Bn |
| Sep 30, 2024 | 3.73 Bn |
| Jun 30, 2024 | 3.92 Bn |
| Mar 31, 2024 | 3.86 Bn |
| Dec 31, 2023 | 3.75 Bn |
| Sep 30, 2023 | 3.72 Bn |
| Jun 30, 2023 | 3.67 Bn |
| Mar 31, 2023 | 3.28 Bn |
| Dec 31, 2022 | 2.99 Bn |
| Sep 30, 2022 | 2.95 Bn |
| Jun 30, 2022 | 2.93 Bn |
| Mar 31, 2022 | 2.67 Bn |
| Dec 31, 2021 | 2.90 Bn |
| Sep 30, 2021 | 2.71 Bn |