Discontinued — last reported Q1 '26
Square — Cost of Revenue
Block Square — Cost of Revenue decreased by 7.6% to $1.13B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 18.5%, from $954.26M to $1.13B. Over 2 years (FY 2022 to FY 2024), Square — Cost of Revenue shows an upward trend with a 6.7% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase relative to revenue suggests margin compression, while a decrease indicates improved operational efficiency or favorable changes in product mix.
Detailed definition
This metric represents the direct costs attributable to the production and delivery of goods and services within a speci...
Peer comparison
Comparable to Cost of Goods Sold (COGS) or direct operating expenses reported by other fintech and payment processing companies.
xyz_segment_square_cost_of_revenueHistorical Data
| 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 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $896.81M | $896.81M | $896.81M | $896.81M | $976.18M | $976.18M | $976.18M | $976.18M | $909.77M | $1.06B | $1.07B | $1.05B | $954.26M | $1.14B | $1.22B | $1.13B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +8.9% | +0.0% | +0.0% | +0.0% | -6.8% | +16.2% | +1.2% | -2.1% | -8.8% | +19.4% | +7.3% | -7.6% |
| YoY Change | — | — | — | — | +8.9% | +8.9% | +8.9% | +8.9% | -6.8% | +8.3% | +9.5% | +7.2% | +4.9% | +7.8% | +14.4% | +18.5% |
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Frequently Asked Questions
- What is Block's square — cost of revenue?
- Block (XYZ) reported square — cost of revenue of $1.13B in Q1 2026.
- How has Block's square — cost of revenue changed year-over-year?
- Block's square — cost of revenue increased by 18.5% year-over-year, from $954.26M to $1.13B.
- What is the long-term trend for Block's square — cost of revenue?
- Over 2 years (2022 to 2024), Block's square — cost of revenue has grown at a 6.7% compound annual growth rate (CAGR), from $3.59B to $4.08B.
- What does square — cost of revenue mean?
- The direct costs incurred to generate revenue for this specific business segment.