Products & Services · Cost of revenue
Bitcoin ecosystem revenue — Cost of revenue
Block Bitcoin ecosystem revenue — Cost of revenue decreased by 22.8% to $1.73B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 22.8%, from $2.24B to $1.73B. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityVolatile
First reportedQ1 2023
Last reportedQ1 2026
Rolls up toTotal Cost of Revenue
How to read this metric
An increase generally tracks with higher transaction volume, but disproportionate growth relative to revenue may signal compressed margins or unfavorable pricing dynamics.
Detailed definition
This metric represents the direct costs associated with acquiring the Bitcoin sold to customers, primarily consisting of...
Peer comparison
Comparable to the cost of goods sold for digital assets or direct transaction costs reported by financial services firms dealing in cryptocurrencies.
Metric ID:
xyz_segment_bitcoin_ecosystem_revenue_cost_of_revenueHistorical Data
10 periods
| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.34B | $2.34B | $2.34B | $2.34B | $2.48B | $2.48B | $2.48B | $2.48B | $2.24B | $1.73B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +6.3% | +0.0% | +0.0% | +0.0% | -10.0% | -22.8% |
| YoY Change | — | — | — | — | +6.3% | +6.3% | +6.3% | +6.3% | -10.0% | -22.8% |
Range$1.73B – $2.48B
CAGR-12.6%
Avg YoY Growth-1.3%
Median YoY Growth+6.3%
Current Streak2 quarters decline
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Frequently Asked Questions
- What is Block's bitcoin ecosystem revenue — cost of revenue?
- Block (XYZ) reported bitcoin ecosystem revenue — cost of revenue of $1.73B in Q1 2026.
- How has Block's bitcoin ecosystem revenue — cost of revenue changed year-over-year?
- Block's bitcoin ecosystem revenue — cost of revenue decreased by 22.8% year-over-year, from $2.24B to $1.73B.
- What does bitcoin ecosystem revenue — cost of revenue mean?
- The direct costs incurred to acquire the Bitcoin that is subsequently sold to customers.