Square — Less: Cost of revenue
Block Square — Less: Cost of revenue decreased by 5.8% 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 2023 to FY 2025), Square — Less: Cost of revenue shows an upward trend with a 7.6% 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 relative to revenue suggests improved operational efficiency or favorable pricing power.
Detailed definition
This metric captures the direct costs associated with generating revenue within the Square segment, including transactio...
Peer comparison
Comparable to cost of goods sold or cost of services in payment processing and hardware-enabled software companies.
xyz_segment_square_less_cost_of_revenueHistorical Data
| 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 | $976.18M | $976.18M | $976.18M | $976.18M | $909.77M | $1.06B | $1.07B | $1.05B | $954.26M | $1.14B | $1.22B | $1.20B | $1.13B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -6.8% | +16.2% | +1.2% | -2.1% | -8.8% | +19.4% | +7.3% | -1.9% | -5.8% |
| YoY Change | — | — | — | — | -6.8% | +8.3% | +9.5% | +7.2% | +4.9% | +7.8% | +14.4% | +14.6% | +18.5% |
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Frequently Asked Questions
- What is Block's square — less: cost of revenue?
- Block (XYZ) reported square — less: cost of revenue of $1.13B in Q1 2026.
- How has Block's square — less: cost of revenue changed year-over-year?
- Block's square — less: 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 — less: cost of revenue?
- Over 2 years (2023 to 2025), Block's square — less: cost of revenue has grown at a 7.6% compound annual growth rate (CAGR), from $3.90B to $4.52B.
- What does square — less: cost of revenue mean?
- The direct costs incurred to generate revenue within the Square business segment.