Block (XYZ) Operating Margin (2015 - 2026)
Block (XYZ) posted Operating Margin of 6.38% for Q3 2026, down 0.32 percentage points from 6.70% a year earlier and down 0.38 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 Sep 30, 2026, Operating Margin at Block was 4.64%, down 0.52 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 has declined in each of the last three quarters, with an average year-over-year change of +0.72 percentage points over the last eight quarters.
- 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 6.75% (Q2 2026), -2.84% (Q1 2026) and 7.76% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 51.56 Bn | 23.34 Bn | 3.24 Bn | 6.38% |
| 2 | PayPal Holdings | 50.29 Bn | 8.99 Bn | - | 16.33% |
| 3 | Coinbase Global | 35.53 Bn | -4.11 Bn | - | 5.07% |
| 4 | Fiserv | 33.43 Bn | 30.64 Bn | 2.76 Bn | -105.74% |
| 5 | Corpay | 29.86 Bn | 18.68 Bn | - | 44.96% |
| 6 | Global Payments | 25.78 Bn | 604.58 Mn | 2.01 Bn | 7.45% |
| 7 | Guidewire Software | 13.57 Bn | 10.14 Bn | 269.68 Mn | 15.16% |
| 8 | Jack Henry & Associates | 12.44 Bn | 12.35 Bn | 273.85 Mn | 21.24% |
| 9 | Chime Financial | 11.95 Bn | 7.64 Bn | 646.07 Mn | 4.78% |
| 10 | Bitmine Immersion Technologies | 10.38 Bn | 7.76 Bn | 40.81 Mn | -25.50% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 6.38% |
| 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% |
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();