What is Block's commerce enablement revenue — cost of revenue?

Block (XYZ) reported commerce enablement revenue — cost of revenue of $1.32B in Q1 2026.

How has Block's commerce enablement revenue — cost of revenue changed year-over-year?

Block's commerce enablement revenue — cost of revenue increased by 14.3% year-over-year, from $1.15B to $1.32B.

What does commerce enablement revenue — cost of revenue mean?

This metric measures the direct costs associated with delivering commerce enablement services, including transaction processing costs, hardware costs, and customer support expenses. Monitoring this helps evaluate the direct profitability and operational efficiency of the commerce enablement segment.

Block XYZ Commerce enablement revenue — Cost of revenue

Other product segments

Bitcoin ecosystem revenue

$1.73B—

Financial solutions revenue

$89.38M—

Similar metrics at other companies

LSAKEnterprise — Cost Of Revenue

$13.14M+35.5%

LSAKMerchant — Cost Of Revenue

$99.48M-5.1%

MSFTTotal Cost of Revenue

$26.83B+22.4%

CPNGProduct Commerce — Cost of Sales

$5B+6.0%

CPNGTotal Cost of Revenue

$6.21B+11.0%

NTGREnterprise — Segment Cost Of Revenue

$39.66M-6.8%

Other financials

Income statement

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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

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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

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Market cap$46.32B+15.3%

Enterprise value$38.84B+21.8%

P/E57.4×+43.8×

P/S1.9×+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:CostOfGoodsAndServicesSold.

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 commerce enablement revenue — cost of revenue?: Block (XYZ) reported commerce enablement revenue — cost of revenue of $1.32B in Q1 2026.
How has Block's commerce enablement revenue — cost of revenue changed year-over-year?: Block's commerce enablement revenue — cost of revenue increased by 14.3% year-over-year, from $1.15B to $1.32B.
What does commerce enablement revenue — cost of revenue mean?: This metric measures the direct costs associated with delivering commerce enablement services, including transaction processing costs, hardware costs, and customer support expenses. Monitoring this helps evaluate the direct profitability and operational efficiency of the commerce enablement segment.