Block (XYZ) Operating Expenses (2015 - 2026)
Block (XYZ) posted Operating Expenses of $3.1 billion for Q1 2026, up 29.09% sequentially from $2.4 billion in Q4 2025, and up 57.18% YoY from $2.0 billion in Q1 2025.
Block (XYZ) Operating Expenses (2015 - 2026) Analysis & Trends
Block (XYZ) has 12 years of Operating Expenses data on file, last reported at $3.1 billion in Q1 2026.
- Quarterly Operating Expenses rose 57.18% year-over-year to $3.1 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $9.8 billion (up 20.46% YoY) and the FY2025 annual result came in at $8.7 billion, up 8.19% from the prior year.
- Operating Expenses grew to $3.1 billion in Q1 2026 per XYZ's latest filing, from $2.4 billion in the prior quarter.
- The five-year high for Operating Expenses was $3.1 billion in Q1 2026, with the low at $1.5 billion in Q1 2022.
- Average Operating Expenses over 5 years is $2.0 billion, with a median of $1.9 billion recorded in 2024.
- Year-over-year, Operating Expenses soared 69.88% in 2022 and declined 3.57% in 2024.
- Block's Operating Expenses stood at $1.8 billion in 2022, then grew by 20.11% to $2.2 billion in 2023, then climbed by 6.58% to $2.3 billion in 2024, then rose by 3.85% to $2.4 billion in 2025, then gained by 29.09% to $3.1 billion in 2026.
- Business Quant data shows XYZ's Operating Expenses at $3.1 billion in Q1 2026, $2.4 billion in Q4 2025, and $2.3 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 10.85 Bn |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 13.05 Bn |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 662.79 Mn |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 1.51 Bn |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 979.89 Mn |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 905.10 Mn |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 517.59 Mn |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 1.57 Bn |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 3.08 Bn |
| 10 | CoreWeave | 45.15 Bn | 42.89 Bn | 2.01 Bn | 2.22 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.08 Bn |
| Dec 31, 2025 | 2.39 Bn |
| Sep 30, 2025 | 2.25 Bn |
| Jun 30, 2025 | 2.05 Bn |
| Mar 31, 2025 | 1.96 Bn |
| Dec 31, 2024 | 2.30 Bn |
| Sep 30, 2024 | 1.93 Bn |
| Jun 30, 2024 | 1.93 Bn |
| Mar 31, 2024 | 1.84 Bn |
| Dec 31, 2023 | 2.16 Bn |
| Sep 30, 2023 | 1.91 Bn |
| Jun 30, 2023 | 2.00 Bn |
| Mar 31, 2023 | 1.72 Bn |
| Dec 31, 2022 | 1.80 Bn |
| Sep 30, 2022 | 1.62 Bn |
| Jun 30, 2022 | 1.68 Bn |
| Mar 31, 2022 | 1.52 Bn |
| Dec 31, 2021 | 1.24 Bn |
| Sep 30, 2021 | 1.11 Bn |
| Jun 30, 2021 | 1.02 Bn |