Block (XYZ) Gross Margin (2015 - 2026)
Block's Gross Margin came in at 48.15% for Q3 2026, up 4.62 percentage points from 43.53% a year earlier and up 0.31 percentage points from the prior quarter.
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Analysis
Block (XYZ) Gross Margin (2015 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Block reported Gross Margin of 47.50%, up 6.63 percentage points year-over-year; for FY2025, it came in at 42.82%, up 5.97 percentage points from FY2024.
- Gross Margin has increased in each of the last four years, with a five-year change of +14.04 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 36.85% in FY2024 (+2.61 pp), 34.24% in FY2023 (+0.07 pp), 34.18% in FY2022 (+9.15 pp) and 25.03% in FY2021 (-3.75 pp).
- The Q3 2026 figure represents the highest quarterly Gross Margin in data going back to Q1 2015.
- Year-over-year, Gross Margin has increased for 11 consecutive quarters, with an average year-over-year change of +5.72 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in Q1 2022 (a gain of 13.64 percentage points), and the weakest in Q3 2023 (a drop of 0.91 percentage points).
- Business Quant data shows XYZ's Gross Margin at 47.84% (Q2 2026), 48.03% (Q1 2026) and 45.94% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 53.48 Bn | 25.26 Bn | 3.24 Bn | 48.15% |
| 2 | PayPal Holdings | 51.29 Bn | 9.99 Bn | - | - |
| 3 | Coinbase Global | 36.09 Bn | -3.55 Bn | - | - |
| 4 | Fiserv | 34.00 Bn | 31.20 Bn | 2.76 Bn | 53.06% |
| 5 | Corpay | 29.92 Bn | 18.74 Bn | - | - |
| 6 | Global Payments | 26.06 Bn | 882.46 Mn | 2.01 Bn | 60.78% |
| 7 | Guidewire Software | 13.53 Bn | 10.09 Bn | 269.68 Mn | 65.60% |
| 8 | Chime Financial | 12.51 Bn | 8.20 Bn | 646.07 Mn | 89.98% |
| 9 | Jack Henry & Associates | 12.47 Bn | 12.37 Bn | 273.85 Mn | 42.52% |
| 10 | Bitmine Immersion Technologies | 10.35 Bn | 7.73 Bn | 40.81 Mn | 87.70% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 48.15% |
| Jun 30, 2026 | 47.84% |
| Mar 31, 2026 | 48.03% |
| Dec 31, 2025 | 45.94% |
| Sep 30, 2025 | 43.53% |
| Jun 30, 2025 | 41.90% |
| Mar 31, 2025 | 39.67% |
| Dec 31, 2024 | 38.32% |
| Sep 30, 2024 | 37.65% |
| Jun 30, 2024 | 36.28% |
| Mar 31, 2024 | 35.16% |
| Dec 31, 2023 | 35.09% |
| Sep 30, 2023 | 33.80% |
| Jun 30, 2023 | 33.71% |
| Mar 31, 2023 | 34.36% |
| Dec 31, 2022 | 35.70% |
| Sep 30, 2022 | 34.70% |
| Jun 30, 2022 | 33.37% |
| Mar 31, 2022 | 32.70% |
| Dec 31, 2021 | 28.98% |
API Access
Block Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=XYZ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "XYZ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=XYZ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();