Block (XYZ) Net Margin (2015 - 2026)
Block (XYZ) recorded Net Margin of 8.42% in Q3 2026, up 0.87 percentage points from 7.55% a year earlier and up 7.08 percentage points from the prior quarter.
Block (XYZ) Net Margin (2015 - 2026) Analysis & Trends
On a TTM basis, Block's Net Margin came in at 1.80% as of Sep 30, 2026, down 11.28 percentage points year-over-year; for FY2025, it was 5.40%, down 6.61 percentage points from FY2024.
- Annual Net Margin has a five-year change of +3.15 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 12.01% in FY2024 (+11.97 pp), 0.04% in FY2023 (+3.13 pp), -3.08% in FY2022 (-4.03 pp) and 0.94% in FY2021 (-1.30 pp).
- The Q3 2026 figure is the highest quarterly Net Margin since Q2 2025.
- On a year-over-year basis, Net Margin rose in four of the last eight quarters, with an average year-over-year change of -1.39 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 30.49 percentage points in Q4 2024, against a drop of 30.41 percentage points in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 1.34% (Q2 2026), -5.10% (Q1 2026) and 1.85% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 51.56 Bn | 23.34 Bn | 3.24 Bn | 8.42% |
| 2 | PayPal Holdings | 50.29 Bn | 8.99 Bn | - | 12.50% |
| 3 | Coinbase Global | 35.53 Bn | -4.11 Bn | - | 59.36% |
| 4 | Fiserv | 33.43 Bn | 30.64 Bn | 2.76 Bn | -114.34% |
| 5 | Corpay | 29.86 Bn | 18.68 Bn | - | 27.38% |
| 6 | Global Payments | 25.78 Bn | 604.58 Mn | 2.01 Bn | 8.50% |
| 7 | Guidewire Software | 13.57 Bn | 10.14 Bn | 269.68 Mn | 7.64% |
| 8 | Jack Henry & Associates | 12.44 Bn | 12.35 Bn | 273.85 Mn | 17.27% |
| 9 | Chime Financial | 11.95 Bn | 7.64 Bn | 646.07 Mn | 6.09% |
| 10 | Bitmine Immersion Technologies | 10.38 Bn | 7.76 Bn | 40.81 Mn | -179.60% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 8.42% |
| Jun 30, 2026 | 1.34% |
| Mar 31, 2026 | -5.10% |
| Dec 31, 2025 | 1.85% |
| Sep 30, 2025 | 7.55% |
| Jun 30, 2025 | 8.89% |
| Mar 31, 2025 | 3.29% |
| Dec 31, 2024 | 32.26% |
| Sep 30, 2024 | 4.75% |
| Jun 30, 2024 | 3.17% |
| Mar 31, 2024 | 7.92% |
| Dec 31, 2023 | 1.77% |
| Sep 30, 2023 | -1.58% |
| Jun 30, 2023 | -1.84% |
| Mar 31, 2023 | 1.97% |
| Dec 31, 2022 | -2.45% |
| Sep 30, 2022 | -0.33% |
| Jun 30, 2022 | -4.72% |
| Mar 31, 2022 | -5.16% |
| Dec 31, 2021 | -1.88% |
Block Net 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=net-margin&ticker=XYZ&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=XYZ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();