Block, Inc.
Close on Nov 2, 2026Market cap $46.31BP/E 137.6Yield –
Block Non-GAAP product development ex. SBC [legacy through by Year
Non-GAAP product development ex. SBC ($M) [legacy through 2024Q3] ($M)
Block Non-GAAP product development ex. SBC [legacy through: $1,669M in FY2023, up 27.3% from a year earlier. That is the highest of the 9 years on record here. No newer figure appears in the documents we track.
Where the FY2023 figure comes from
“|| Non-GAAP product development | $ | (410,587) | $ | (381,647) | $ | (1,668,712) | $ | (1,311,170)”
Source: Block Form 8-K Ex. 99.1 Shareholder Letter (filed 2024-02-22) ↗
Reported in Form 8-K Shareholder Letter — Non-GAAP Reconciliations.
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Non-GAAP product development ex. SBC ($M) [legacy through 2024Q3] ($M) | Year on year | Source |
|---|---|---|---|---|
| FY2023 | Dec 31, 2023 | 1,669 | +27.3% | Block Form 8-K Ex. 99.1 Shareholder Letter (filed 2024-02-22) ↗ |
| FY2022 | Dec 31, 2022 | 1,311 | +50.1% | Block Form 8-K Ex. 99.1 Shareholder Letter (filed 2024-02-22) ↗ |
| FY2021 | Dec 31, 2021 | 873 | +61.1% | Block Form 8-K Ex. 99.1 Shareholder Letter (filed 2022-02-24) ↗ |
| FY2020 | Dec 31, 2020 | 542 | +31.4% | Block Form 8-K Ex. 99.1 Shareholder Letter (filed 2022-02-24) ↗ |
| FY2019 | Dec 31, 2019 | 413 | +29.0% | Block Form 8-K Ex. 99.1 Shareholder Letter (filed 2021-02-23) ↗ |
| FY2018 | Dec 31, 2018 | 320 | +54.8% | Block Form 8-K Ex. 99.1 Shareholder Letter (filed 2020-02-26) ↗ |
| FY2017 | Dec 31, 2017 | 207 | +26.0% | Block Form 8-K Ex. 99.1 Shareholder Letter (filed 2019-02-27) ↗ |
| FY2016 | Dec 31, 2016 | 164 | +22.8% | Block Form 8-K Ex. 99.1 Shareholder Letter (filed 2018-02-27) ↗ |
| FY2015 | Dec 31, 2015 | 134 | – | Block Form 8-K Ex. 99.1 Shareholder Letter (filed 2017-02-22) ↗ |
Cite this data
StockData. (2026). Block Non-GAAP product development ex. SBC [legacy through ($M), annual FY2015–FY2023 [Data set]. Compiled from Block SEC filings and investor materials. https://stockdatahq.com/stocks/xyz/kpis/non-gaap-opex-rd-ex-sbc-legacy
See every metric in the Block KPI table. Data updated Nov 2, 2026.