BL BlackLine margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 55

Gross margin

75.7%

Operating margin

5.5%

EBITDA margin

17.2%

Net margin

5.4%

Using the latest TTM figures, BlackLine shows a gross margin of 75.7%, an operating margin of 5.5%, an EBITDA margin of 17.2%, and a net margin of 5.4%. Margin expansion was strongest in EBITDA margin, which increased by 2.1 percentage points. Net margin had the strongest contraction, declining by 5.7 percentage points.

BL margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, BlackLine recorded average margins of 75.34% gross, 3.72% operating, 21.42% EBITDA, and 12.54% net. BlackLine's current performance shows that gross and operating margins are above their three-year averages and EBITDA and net margins are below their three-year averages.

BL margin expansion

Year-over-year margin changes in percentage points

Gross margin expanded by 0.4 percentage points, operating margin by 1.9 percentage points, and EBITDA margin by 2.1 percentage points, but net margin contracted by 5.7 percentage points.

Gross margin expansion

0.4pp

Operating margin expansion

1.9pp

EBITDA margin expansion

2.1pp

Net margin expansion

-5.7pp

BL Gross margin

Over the last 3 years, the average gross margin for BlackLine was 75.34%. The latest gross margin for BlackLine is 75.7%, 0.4 percentage points above its three-year average. BlackLine's gross margin ranged from a low of 75.1% in Dec 2023 to a high of 75.7% in Sep 2026.

BL Operating margin

Across the last 3 years, BlackLine's operating margin stood at 3.72%. The current operating margin of 5.5% is 1.8 percentage points above its three-year average. Operating margin was highest at 5.5% in Sep 2026 and lowest at 2.4% in Dec 2023.

BL EBITDA margin

Over the last 3 years, BlackLine recorded an average EBITDA margin of 21.42%. BlackLine's current EBITDA margin is 17.2% and is 4.2 percentage points below its three-year average. The highest EBITDA margin for BlackLine was 31.4% in Sep 2024, while the lowest was 15.1% in Sep 2025.

BL Net margin

Looking back over the last 3 years, BlackLine recorded an average net margin of 12.54%. BlackLine's current net margin is 5.4% and is 7.1 percentage points below its three-year average. The highest net margin for BlackLine was 24.7% in Dec 2024, while the lowest was 3.5% in Dec 2025.

BL margin group comparison

Margins compared with peer-group, industry and sector averages

BlackLine's gross margin of 75.7% is higher than the Technology sector and the industry average. In comparison with the Technology sector average of 52.5%, BlackLine's gross margin is 44% higher.

BL margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is BlackLine's gross margin?

For the period ending Sep 30, 2026, BL recorded a gross margin of 75.7%.

What is BlackLine's operating margin?

For the period ending Sep 30, 2026, BL recorded an operating margin of 5.5%.

What is BlackLine's EBITDA margin?

For the period ending Sep 30, 2026, BL recorded an EBITDA margin of 17.2%.

What is BlackLine's net margin?

As of Sep 30, 2026, BL has a net margin of 5.4%.

What are the average margins of BL?

The three-year average margins for BL were 75.3% gross, 3.7% operating, 21.4% EBITDA, and 12.5% net.

What are the highest historical margins of BL?

Looking back across 5 years, BL reached 77% gross in Dec 2021, 5.5% operating in Sep 2026, 31.4% EBITDA in Sep 2024, and 24.7% net in Dec 2024.

What are the lowest historical margins of BL?

Within the 5-year period, BL recorded its lowest margins at 75.1% gross in Sep 2022, -15.2% operating in Sep 2022, -5.3% EBITDA in Sep 2022, and -27.1% net in Dec 2021.