Block (XYZ) Operating Margin (2015 - 2026)
Block (XYZ) posted Operating Margin of 6.75% for Q2 2026, down 1.25 percentage points from 8.00% a year earlier but up 9.59 percentage points from the prior quarter.
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Analysis
Block (XYZ) Operating Margin (2015 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Block was 4.67%, down 0.15 percentage points year-over-year; for FY2025, it was 7.06%, up 3.36 percentage points from FY2024.
- Annual Operating Margin has increased for three consecutive years, with a five-year change of +7.26 percentage points (FY2020 to FY2025).
- In prior years, Block's Operating Margin was 3.70% in FY2024 (+4.97 pp), -1.27% in FY2023 (+2.29 pp), -3.56% in FY2022 (-4.47 pp) and 0.91% in FY2021 (+1.11 pp).
- Quarterly Operating Margin has run from a low of -5.73% in Q1 2022 to a high of 8.00% in Q2 2025 over five years.
- On a year-over-year basis, Operating Margin increased in six of the last eight quarters, with an average year-over-year change of +1.45 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q4 2025, with a gain of 7.55 percentage points; the weakest was Q1 2026, with a drop of 8.54 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was -2.84% (Q1 2026), 7.76% (Q4 2025) and 6.70% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | -9.30% |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | 16.44% |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 6.75% |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | -452.09% |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | 35.28% |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | 19.18% |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | 10.15% |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | -25.50% |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 15.16% |
| 10 | Hut 8 | 11.42 Bn | 11.26 Bn | 48.04 Mn | -275.36% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.75% |
| Mar 31, 2026 | -2.84% |
| Dec 31, 2025 | 7.76% |
| Sep 30, 2025 | 6.70% |
| Jun 30, 2025 | 8.00% |
| Mar 31, 2025 | 5.71% |
| Dec 31, 2024 | 0.22% |
| Sep 30, 2024 | 5.41% |
| Jun 30, 2024 | 4.98% |
| Mar 31, 2024 | 4.19% |
| Dec 31, 2023 | -2.26% |
| Sep 30, 2023 | -0.18% |
| Jun 30, 2023 | -2.39% |
| Mar 31, 2023 | -0.12% |
| Dec 31, 2022 | -2.91% |
| Sep 30, 2022 | -1.08% |
| Jun 30, 2022 | -4.85% |
| Mar 31, 2022 | -5.73% |
| Dec 31, 2021 | -1.34% |
| Sep 30, 2021 | 0.60% |
API Access
Block Operating 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=operating-margin&ticker=XYZ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=XYZ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();