Handbook: Non-GAAP financial measures
Handbooks | April 2026
Our in-depth guidance on SEC rules related to non-GAAP financial measures, with examples and illustrative SEC comments.
Using Q&As and examples, our updated guidance identifies the circumstances and disclosures that may involve the use of non-GAAP financial measures and explains when and how those measures may be presented. It discusses the application of the SEC’s related rules and regulations — including the required form, content and presentation of non-GAAP financial measures in filings and other public communications.
Applicability
SEC Regulation G and Regulation S-K Item 10(e)
All companies in the scope of Regulation G and/or Regulation S-K Item 10(e)
Relevant dates
Effective immediately
Key impacts
Our in-depth guide provides interpretive guidance on Reg G, Reg S-K Item 10(e), and Instruction 2 to Item 2.02 of Form 8K. This includes:
- Specific requirements and prohibitions applicable to public disclosures, SEC filings and materials furnished rather than filed
- Explanations of the SEC’s Compliance & Disclosure Interpretations (C&DIs) and illustrative SEC staff comments drawn from recent filing reviews
- Additional considerations related to EBIT and EBITDA, segment disclosures, free cash flow, REIT specific measures and other commonly used non-GAAP financial measures
- Exemptions and special considerations applicable to foreign private issuers, including those applying IFRS Accounting Standards
- Management’s responsibilities for preparing, presenting and controlling non-GAAP financial measure disclosures under DCPs and, where applicable, ICFR
Report contents
- Scope and applicability
- Sources of SEC’s non-GAAP rules
- General requirements
- Specific considerations
- Earnings releases and similar announcements
- Foreign Private Issuers
- Controls and non-GAAP financial measures
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