What is Block's total cost of revenue?

Block (XYZ) reported total cost of revenue of $3.15B in Q1 2026.

How has Block's total cost of revenue changed year-over-year?

Block's total cost of revenue decreased by 9.6% year-over-year, from $3.48B to $3.15B.

What is the long-term trend for Block's total cost of revenue?

Over 4 years (2021 to 2025), Block's total cost of revenue has grown at a 1.1% compound annual growth rate (CAGR), from $13.24B to $13.83B.

What does total cost of revenue mean?

The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

Block XYZ Total Cost of Revenue

Total Cost of Revenue at other companies

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$1.62B+36.4%

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$1.18B+19.4%

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$150.79M+9.8%

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$729M+23.4%

Chime Financial, Inc. Class A Common StockCHYM

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$123.92M+5.8%

Segments

By product

See full

Bitcoin ecosystem revenue$1.73B—

Commerce enablement revenue$1.32B—

Financial solutions revenue$89.38M—

By segment

See full

Cash App$1.96B—

Square$1.13B—

Other financials

Income statement

See full

Revenue$6.1B+4.9%

Gross profit$2.9B+27.1%

Operating income-$172.0M-152%

Net income-$308.7M-263%

EPS (diluted)-$0.52-273%

Balance sheet

See full

Cash & equivalents$13.5B+3.1%

Total debt$6.0B+10.9%

Total equity$21.7B+1.1%

Total assets$40.0B+9.9%

Cash flow

See full

Operating cash flow$965.6M+624%

CapEx$30.6M-4.1%

Free cash flow$935.0M+822%

Valuation

See full

Market cap$44.09B+15.3%

Enterprise value$36.61B+21.8%

P/E54.6×+41.7×

P/S1.8×+0.2×

Profitability

See full

Gross margin44.9%+6.9pp

Operating margin4.9%+0.9pp

Net margin3.3%-7.6pp

FCF margin13.3%+8.3pp

Returns & leverage

See full

Return on equity3.7%-9.2pp

Debt / equity0.3×0.0×

Current ratio2×-0.3×

Where this comes from

Reported directly by Block in its filing.

Tagged under the XBRL concept us-gaap:CostOfRevenue.

The official record: Block’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Block's total cost of revenue?: Block (XYZ) reported total cost of revenue of $3.15B in Q1 2026.
How has Block's total cost of revenue changed year-over-year?: Block's total cost of revenue decreased by 9.6% year-over-year, from $3.48B to $3.15B.
What is the long-term trend for Block's total cost of revenue?: Over 4 years (2021 to 2025), Block's total cost of revenue has grown at a 1.1% compound annual growth rate (CAGR), from $13.24B to $13.83B.
What does total cost of revenue mean?: The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.