Block Total Operating Expenses increased by 29.1% to $3.08B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 57.2%, from $1.96B to $3.08B. Over 4 years (FY 2021 to FY 2025), Total Operating Expenses shows an upward trend with a 19.4% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Rising expenses without a corresponding rise in revenue can indicate operational bloat or aggressive expansion efforts.
The sum of all costs required to run the business that are not directly tied to production, including R&D and SG&A. It r...
Investors compare this to revenue to assess the 'operating leverage' of a business model.
total_operating_expenses| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.02B | $1.11B | $1.24B | $1.52B | $1.68B | $1.62B | $1.80B | $1.72B | $2.00B | $1.91B | $2.16B | $1.84B | $1.93B | $1.93B | $2.30B | $1.96B | $2.05B | $2.25B | $2.39B | $3.08B |
| QoQ Change | — | +9.3% | +11.4% | +23.1% | +10.6% | -4.0% | +11.1% | -4.2% | +16.1% | -4.5% | +13.0% | -14.5% | +4.5% | -0.0% | +19.3% | -14.7% | +4.7% | +9.7% | +6.0% | +29.1% |
| YoY Change | — | — | — | — | +65.7% | +45.5% | +45.2% | +13.1% | +18.7% | +18.1% | +20.1% | +7.2% | -3.6% | +1.0% | +6.6% | +6.3% | +6.5% | +16.9% | +3.8% | +57.2% |