Block (XYZ) Operating Margin (2015 - 2026)

Block (XYZ) posted Operating Margin of 2.84% for Q1 2026, down 136.58% sequentially from 7.76% in Q4 2025, and down 854.0% YoY from 0.38% in Q1 2025.

Block (XYZ) Operating Margin (2015 - 2026) Analysis & Trends

Block has reported Operating Margin for 12 years, with the latest figure at 2.84% in Q1 2026.

Quarterly Operating Margin fell 854.0% year-over-year to 2.84% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 4.93% (up 87.0% YoY) and the FY2025 annual result came in at 7.06%, up 336.0% from the prior year.
Operating Margin slipped to 2.84% in Q1 2026 per XYZ's latest filing, from 7.76% in the prior quarter.
Over five years, Operating Margin peaked at 8.0% in Q2 2025 and troughed at 5.73% in Q1 2022.
A 5-year average of 1.21% and a median of 0.12% in 2023 frame the typical range for Operating Margin.
The sharpest annual moves came in 2025 and 2026: Operating Margin jumped 755 bps in 2025, then plunged 854 bps in 2026.
Over 5 years, Operating Margin stood at 2.91% in 2022, then rose by 22 bps to 2.26% in 2023, then jumped by 110 bps to 0.22% in 2024, then soared by 3499 bps to 7.76% in 2025, then tumbled by 137 bps to 2.84% in 2026.
According to Business Quant data, Operating Margin over the past three periods registered 2.84%, 7.76%, and 6.7% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Operating Margin (Qtr)
1	Microsoft	3,576.39 Bn	3,443.64 Bn	60.48 Bn	45.11%
2	Palantir Technologies	412.58 Bn	403.17 Bn	1.64 Bn	47.12%
3	Oracle	407.66 Bn	375.77 Bn	-	31.97%
4	Palo Alto Networks	299.27 Bn	296.16 Bn	2.03 Bn	-6.10%
5	Fortinet	115.83 Bn	111.76 Bn	1.64 Bn	33.66%
6	Cloudflare	106.65 Bn	102.48 Bn	499.52 Mn	-29.55%
7	Synopsys	76.61 Bn	74.41 Bn	1.77 Bn	8.43%
8	CoreWeave	51.53 Bn	45.99 Bn	1.70 Bn	-1.90%
9	Block	47.55 Bn	41.12 Bn	3.17 Bn	6.75%
10	NetApp	40.73 Bn	37.15 Bn	1.37 Bn	27.31%

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