Block (XYZ) Research & Development (2015 - 2026)
Block (XYZ) posted Research & Development of $608.66 million for Q2 2026, down 16.1% from $725.29 million a year earlier and down 41.4% from the prior quarter.
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Analysis
Block (XYZ) Research & Development (2015 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Research & Development at Block was $3.07 billion, up 3.5% 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%).
- The Q2 2026 figure stands as the lowest quarterly Research & Development since Q4 2022.
- On a year-over-year basis, Research & Development increased in four of the last eight quarters, with growth averaging 4.0%.
- 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 $1.04 billion (Q1 2026), $710.67 million (Q4 2025) and $711.24 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | 472.85 Mn |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | 849.00 Mn |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 608.66 Mn |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | - |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | - |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | - |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | - |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | - |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 90.59 Mn |
| 10 | Hut 8 | 11.42 Bn | 11.26 Bn | 48.04 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 360.73 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();