Block (XYZ) Research & Development (2015 - 2026)
Block (XYZ) posted Research & Development of $635.59 million for Q3 2026, down 10.6% from $711.24 million a year earlier but up 4.4% from the prior quarter.
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Analysis
Block (XYZ) Research & Development (2015 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Research & Development at Block was $2.99 billion, up 0.9% year-over-year; for FY2025, it came in at $2.91 billion, down 0.2% from FY2024.
- Annual Research & Development shows a five-year compound annual growth rate of 27.0% (FY2020 to FY2025).
- In prior years, Block's Research & Development was $2.91 billion in FY2024 (+7.1%), $2.72 billion in FY2023 (+27.4%), $2.14 billion in FY2022 (+54.3%) and $1.38 billion in FY2021 (+56.9%).
- Quarterly Research & Development has run from a low of $391.34 million in Q4 2021 to a high of $1.04 billion in Q1 2026 over five years.
- On a year-over-year basis, Research & Development increased in four of the last eight quarters, with growth averaging 2.7%.
- The strongest year-over-year quarter for Research & Development in the past five years was Q2 2022, with growth of 62.0%; the weakest was Q2 2026, with a decline of 16.1%.
- According to Business Quant data, Research & Development for the three prior quarters was $608.66 million (Q2 2026), $1.04 billion (Q1 2026) and $710.67 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 52.19 Bn | 23.96 Bn | 3.24 Bn | 635.59 Mn |
| 2 | PayPal Holdings | 50.03 Bn | 8.73 Bn | - | 831.00 Mn |
| 3 | Coinbase Global | 35.13 Bn | -4.52 Bn | - | 447.38 Mn |
| 4 | Fiserv | 33.23 Bn | 30.43 Bn | 2.76 Bn | - |
| 5 | Corpay | 29.63 Bn | 18.45 Bn | - | - |
| 6 | Global Payments | 26.81 Bn | 1.63 Bn | 2.01 Bn | - |
| 7 | Guidewire Software | 13.13 Bn | 9.70 Bn | 269.68 Mn | 90.59 Mn |
| 8 | Chime Financial | 12.34 Bn | 8.03 Bn | 646.07 Mn | 119.43 Mn |
| 9 | Jack Henry & Associates | 12.26 Bn | 12.16 Bn | 273.85 Mn | 49.83 Mn |
| 10 | Bitmine Immersion Technologies | 10.03 Bn | 7.41 Bn | 40.81 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 635.59 Mn |
| Jun 30, 2026 | 608.66 Mn |
| Mar 31, 2026 | 1.04 Bn |
| Dec 31, 2025 | 710.67 Mn |
| Sep 30, 2025 | 711.24 Mn |
| Jun 30, 2025 | 725.29 Mn |
| Mar 31, 2025 | 760.70 Mn |
| Dec 31, 2024 | 769.70 Mn |
| Sep 30, 2024 | 710.98 Mn |
| Jun 30, 2024 | 713.16 Mn |
| Mar 31, 2024 | 720.57 Mn |
| Dec 31, 2023 | 685.42 Mn |
| Sep 30, 2023 | 713.79 Mn |
| Jun 30, 2023 | 694.67 Mn |
| Mar 31, 2023 | 626.94 Mn |
| Dec 31, 2022 | 604.52 Mn |
| Sep 30, 2022 | 548.04 Mn |
| Jun 30, 2022 | 524.83 Mn |
| Mar 31, 2022 | 458.22 Mn |
| Dec 31, 2021 | 391.34 Mn |
API Access
Block Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=XYZ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "XYZ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=XYZ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();