Discontinued — last reported Q3 '25
Transaction-based revenue — Cost of revenue
Block Transaction-based revenue — Cost of revenue increased by 7.1% to $1.14B in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 12.9%, from $1.01B to $1.14B. Over 3 years (FY 2021 to FY 2024), Transaction-based revenue — Cost of revenue shows an upward trend with a 12.4% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase relative to revenue suggests margin compression due to higher network costs or a shift in payment mix, while a decrease indicates improved operational efficiency or favorable fee structures.
Detailed definition
This metric captures the direct costs associated with facilitating payment transactions, including interchange fees paid...
Peer comparison
Comparable to transaction-related expenses or cost of payment services reported by other digital payment platforms and merchant acquirers.
xyz_segment_transaction_based_revenue_cost_of_revenueHistorical Data
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $684.84M | $754.28M | $766.05M | $718.70M | $875.76M | $901.99M | $867.58M | $820.79M | $950.52M | $984.66M | $946.05M | $873.17M | $1.00B | $1.01B | $996.32M | $903.82M | $1.07B | $1.14B |
| QoQ Change | — | +10.1% | +1.6% | -6.2% | +21.9% | +3.0% | -3.8% | -5.4% | +15.8% | +3.6% | -3.9% | -7.7% | +14.5% | +1.1% | -1.5% | -9.3% | +17.9% | +7.1% |
| YoY Change | — | — | — | — | +27.9% | +19.6% | +13.3% | +14.2% | +8.5% | +9.2% | +9.0% | +6.4% | +5.2% | +2.7% | +5.3% | +3.5% | +6.6% | +12.9% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Block's transaction-based revenue — cost of revenue?
- Block (XYZ) reported transaction-based revenue — cost of revenue of $1.14B in Q3 2025.
- How has Block's transaction-based revenue — cost of revenue changed year-over-year?
- Block's transaction-based revenue — cost of revenue increased by 12.9% year-over-year, from $1.01B to $1.14B.
- What is the long-term trend for Block's transaction-based revenue — cost of revenue?
- Over 3 years (2021 to 2024), Block's transaction-based revenue — cost of revenue has grown at a 12.4% compound annual growth rate (CAGR), from $2.73B to $3.88B.
- What does transaction-based revenue — cost of revenue mean?
- The direct costs incurred to process payment transactions, such as interchange and network fees.