H&R Block Inc. (HRB) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$2.21	$2.38	+7.7%	—	—	—
Q4 26	$5.77	$6.02	+4.3%	—	—	—
Q3 26	-$1.89	-$1.84	+2.6%	—	—	—
Q2 26	-$1.35	-$1.2	+11.1%	—	—	—
Q1 26	$2.83	$2.27	-19.8%	—	—	—
Q4 25	$5.17	$5.38	+4.1%	—	—	—
Q3 25	-$1.61	-$1.73	-7.5%	—	—	—
Q2 25	-$1.21	-$1.17	+3.3%	—	—	—
Q1 25	$1.74	$1.89	+8.6%	—	—	—
Q4 24	$4.62	$4.94	+6.9%	—	—	—
Q3 24	-$1.56	-$1.27	+18.6%	—	—	—
Q2 24	-$1.12	-$1.05	+6.3%	—	—	—
Q1 24	$1.88	$2.05	+9.0%	—	—	—
Q4 23	$4.46	$4.2	-5.8%	—	—	—
Q3 23	-$1.48	-$1.37	+7.4%	—	—	—
Q2 23	-$1.08	-$0.99	+8.3%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$5.91	—	—	$3.9B	—
FY25	—	$4.52	—	—	$3.8B	—
FY24	—	$4.26	—	—	$3.6B	—
FY23	—	$3.79	—	—	$3.5B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$3B	$3.2B	$3.1B	$2.6B	$3.4B	$3.5B	$3.5B	$3.6B	$3.8B	$3.9B
YoY change	-0.06%	+4.07%	-2.06%	-14.7%	+29.3%	+1.44%	+0.26%	+3.98%	+4.17%	+4.9%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	3B	3.2B	3.1B	2.6B	3.4B	3.5B	3.5B	3.6B	3.8B	3.9B
Cost of revenue	1.6B	1.7B	1.8B	1.7B	1.8B	1.9B	1.9B	2B	2.1B	2.2B
Gross profit	1.4B	1.4B	1.3B	927.4M	1.6B	1.6B	1.5B	1.6B	1.7B	1.7B
Gross margin	45.8%	44.9%	43.2%	35.1%	46%	45.7%	44.6%	44.8%	44.5%	44.3%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	676M	668.2M	722.2M	744.4M	802.3M	837.1M	800M	813.5M	846.9M	841.3M
Operating expenses	676M	668.2M	722.2M	744.4M	802.3M	837.1M	800M	813.5M	846.9M	841.3M
Operating income	716M	752M	615.8M	183.1M	769.6M	744.9M	748.7M	805.3M	828M	907.7M
Operating margin	23.6%	23.8%	19.9%	6.94%	22.5%	21.5%	21.6%	22.3%	22%	23%
Non-operating income, net	2.4M	-807K	16.4M	-90.4M	6M	2.5M	35.5M	36.1M	31.5M	26.8M
Pretax income	629.3M	668.7M	545.2M	-3.4M	668.7M	659.1M	711.2M	762.3M	781.4M	853.9M
Income tax	208.4M	41.8M	99.9M	-9.5M	78.5M	98.4M	149.4M	164.4M	172M	117.6M
Net income	408.9M	613.1M	422.5M	-7.5M	583.8M	553.7M	553.7M	595.3M	605.8M	733.6M
Net margin	13.5%	19.4%	13.7%	-0.29%	17.1%	16%	15.9%	16.5%	16.1%	18.6%
EBITDA	904.4M	941.6M	798.9M	368.3M	932.5M	889.5M	914.7M	963.2M	976.3M	1.1B
EPS	1.92	2.93	2.05	-0.04	3.11	3.46	3.79	4.26	4.52	5.91
Diluted EPS	1.91	2.91	2.04	-0.04	3.08	3.22	3.51	4.12	4.39	5.66

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	183.8M	179.1M	2.2B	1.1B	193.8M	179.1M	2.3B	1.1B	203.6M	198.9M	2.4B	1.1B
Cost of revenue	259.4M	299.8M	926M	506.4M	269.6M	314.2M	969.4M	532.9M	274M	339.9M	1B	550.5M
Gross profit	-75.6M	-120.7M	1.3B	556.3M	-75.8M	-135.1M	1.3B	578.1M	-70.5M	-141.1M	1.4B	594.3M
Gross margin	-41.1%	-67.4%	57.6%	52.3%	-39.1%	-75.5%	57.4%	52%	-34.6%	-70.9%	57%	51.9%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	130.8M	146.7M	330.6M	205.4M	152.6M	158.2M	329.4M	206.8M	136.6M	157.8M	329.3M	217.6M
Operating expenses	130.8M	146.7M	330.6M	205.4M	152.6M	158.2M	329.4M	206.8M	136.6M	157.8M	329.3M	217.6M
Operating income	-206.3M	-267.4M	928.2M	350.8M	-228.3M	-293.3M	978.3M	371.3M	-207M	-298.9M	1B	376.8M
Operating margin	-112.3%	-149.3%	42.5%	33%	-117.8%	-163.8%	43%	33.4%	-101.7%	-150.3%	43.2%	32.9%
Non-operating income, net	9.8M	5.9M	5.2M	15.1M	11.9M	2.7M	4.6M	12.3M	8.1M	3M	3.9M	11.7M
Pretax income	-212.4M	-282.9M	907.4M	350.2M	-232.3M	-312.3M	958.2M	367.8M	-216.3M	-319.2M	1B	373M
Income tax	-49.5M	-93.8M	215.8M	91.8M	-60.8M	-69.8M	235.3M	67.4M	-51M	-77.7M	167.7M	78.5M
Net income	-163.5M	-189.8M	690.7M	257.8M	-172.6M	-243.4M	722.3M	299.4M	-165.8M	-242.2M	847.9M	293.7M
Net margin	-88.9%	-106%	31.6%	24.3%	-89%	-135.9%	31.7%	27%	-81.5%	-121.8%	35.4%	25.7%
EBITDA	-166.3M	-231.4M	964.1M	396.8M	-187.6M	-261.4M	1B	413.2M	-170M	-265.8M	1.1B	420.5M
EPS	-1.12	-1.33	4.93	1.85	-1.24	-1.8	5.4	2.24	-1.26	-1.92	6.66	2.37
Diluted EPS	-1.12	-1.33	4.86	1.81	-1.24	-1.8	5.31	2.2	-1.26	-1.92	6.6	2.3

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	—	5.8B	5.6B	3.3B	4.2B	—	4.7B	7.6B	7.4B	4.7B	5B
Enterprise value	—	5.7B	5.5B	4.6B	5.2B	—	5.6B	8.5B	8.4B	5.9B	6.3B
Shares outstanding	212.8M	208.8M	205.4M	196.7M	187.7M	159.9M	146.1M	139.6M	133.9M	124.2M	124.2M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	—	9.42	13.2	—	7.16	—	8.41	12.7	12.1	6.45	7.2
P/S	—	1.83	1.81	1.24	1.22	—	1.34	2.1	1.95	1.2	1.28
P/B	—	14.7	10.3	46.1	11.9	—	145.3	83.6	82.7	40.2	43.3
EV/EBITDA	—	6.08	6.9	12.5	5.56	—	6.13	8.8	8.6	5.56	6.16
EV/Sales	—	1.81	1.78	1.75	1.52	—	1.61	2.35	2.23	1.49	1.61
Earnings yield	—	10.6%	7.56%	—	14%	—	11.9%	7.86%	8.24%	15.5%	13.9%
FCF yield	—	13%	9.15%	0.83%	13.7%	—	16.1%	8.68%	8.14%	16%	12.6%
PEG	—	—	—	—	—	—	—	—	—	—	1.24

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	45.8%	44.9%	43.2%	35.1%	46%	45.7%	44.6%	44.8%	44.5%	44.3%	51.9%
Operating margin	23.6%	23.8%	19.9%	6.94%	22.5%	21.5%	21.6%	22.3%	22%	23%	32.9%
Net margin	13.5%	19.4%	13.7%	-0.29%	17.1%	16%	15.9%	16.5%	16.1%	18.6%	18.6%
ROE	-671.7%	155.7%	78%	-10.6%	165.7%	261.6%	1.7K%	657.1%	681.4%	624.4%	713.5%
ROA	15.2%	19.5%	12.8%	-0.15%	16%	16.9%	18%	18.5%	18.6%	22.5%	17.4%
ROIC	113.5%	204.7%	108.9%	13%	50%	50.7%	60.3%	63.2%	57.1%	62.1%	62.1%
Return on tangible assets	45.8%	44.5%	26.8%	-0.26%	41.2%	49%	57.2%	53.1%	53.1%	66.9%	66.9%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	1.43	2.24	2.16	1.96	1.46	1.39	1.26	1.27	0.9	1.13	1.13
Quick ratio	1.43	2.24	2.16	1.96	1.46	1.39	1.26	1.27	0.9	1.13	1.13
Debt / equity	-24.5	3.8	2.76	56.4	5.5	9.08	60.3	21.7	22.8	17.9	17.9
Debt / assets	0.55	0.48	0.45	0.78	0.53	0.59	0.63	0.61	0.62	0.65	0.65
Net debt / EBITDA	0.53	-0.05	-0.1	3.64	1.08	1.17	1.04	0.94	1.07	1.08	1.08
Interest coverage	7.77	8.48	7.26	0.96	7.26	8.47	10.7	10.6	11	11.6	11.6
Effective tax rate	33.1%	6.25%	18.3%	0%	11.7%	14.9%	21%	21.6%	22%	13.8%	13.8%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	14.3	15.1	15.1	13.4	18.2	21.7	23.8	25.9	28.1	31.8	30.9
EPS (basic)	1.92	2.93	2.05	-0.04	3.11	3.46	3.79	4.26	4.52	5.91	5.91
EPS (diluted)	1.91	2.91	2.04	-0.04	3.08	3.22	3.51	4.12	4.39	5.66	5.69
Book value per share	-0.29	1.89	2.64	0.36	1.88	1.32	0.22	0.65	0.66	0.95	0.95
FCF per share	2.18	3.6	2.49	0.14	3.05	4.67	5.15	4.71	4.47	6.09	5.95
Cash per share	4.75	7.4	7.66	13.5	4.98	5.53	6.75	7.55	7.34	7.72	7.78
Capex per share	—	—	—	—	—	—	—	—	0.61	0.67	0.65

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	—	—	—	—	—	—	—	—	2.18%	2.09%	2.09%
Capex / operating cash flow	—	—	—	—	—	—	—	—	12%	9.85%	9.85%
Payout ratio	45.8%	32.7%	48.6%	-2.7K%	33.4%	33.7%	32.1%	30.2%	32.6%	28.8%	29.5%
Dividend yield	—	3.47%	3.68%	6.26%	4.67%	—	3.82%	2.37%	2.68%	4.46%	4.56%

Yield

4.56%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.46

ex-dividend Sep 3, 2026

Payout ratio

30%

of earnings

Dividend growth

10 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 3, 2026	$0.46
Jun 3, 2026	$0.42
Mar 4, 2026	$0.42

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	$183.8M	$179.1M	$2.2B	$1.1B	$193.8M	$179.1M	$2.3B	$1.1B	$203.6M	$198.9M	$2.4B	$1.1B
YoY change	+2.12%	+7.62%	+4.36%	+2.95%	+5.45%	-0.01%	+4.22%	+4.55%	+5.03%	+11.1%	+5.31%	+3.05%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	1B	1.5B	1.6B	2.7B	934.3M	885M	987M	1.1B	983.3M	958.7M
Receivables	58M	16M	34.3M	17.2M	21M	7.7M	5.1M	—	—	—
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	1.3B	1.9B	2B	3.1B	1.7B	1.4B	1.2B	1.2B	1.2B	1.1B
Property, plant & equipment	193.9M	169.4M	152.1M	628.8M	690.1M	641.3M	568.3M	593.3M	656.3M	739.1M
Goodwill & intangibles	1.8B	1.8B	1.7B	2.3B	2.2B	2.1B	2.1B	2.1B	2.1B	2.2B
Total assets	2.7B	3.1B	3.3B	5.1B	3.7B	3.3B	3.1B	3.2B	3.3B	3.3B
Accounts payable	217M	252M	249.5M	203.1M	198.1M	160.9M	159.9M	155.8M	144M	156.3M
Short-term debt	981K	1M	—	844.9M	206.4M	206.9M	205.4M	206.1M	559.1M	228.8M
Total current liabilities	939.3M	843.7M	923M	1.6B	1.2B	998.8M	938.8M	977.3M	1.3B	993.4M
Long-term debt	1.5B	1.5B	1.5B	3.2B	1.7B	1.7B	1.7B	1.8B	1.5B	1.9B
Total liabilities	2.8B	2.7B	2.8B	5B	3.3B	3.1B	3B	3.1B	3.2B	3.1B
Shareholders' equity	-60.9M	393.7M	541.5M	71M	352.4M	211.6M	32.1M	90.6M	88.9M	117.5M
Total debt	1.5B	1.5B	1.5B	4B	1.9B	1.9B	1.9B	2B	2B	2.1B
Net debt	482.7M	-49.3M	-79.5M	1.3B	1B	1B	947.9M	909.2M	1B	1.1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Cash & short-term investments	427M	321M	794.6M	1.1B	415.9M	320.1M	772.9M	983.3M	376.4M	349.2M	867M	958.7M
Receivables	6.2M	8.2M	—	—	—	—	—	—	—	—	—	—
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	631.8M	898.9M	1.3B	1.2B	611.6M	777.4M	1.2B	1.2B	564.2M	841.8M	1.3B	1.1B
Property, plant & equipment	544.1M	522.4M	531.6M	593.3M	562.5M	533.5M	563.7M	656.3M	637.5M	637.6M	670.6M	739.1M
Goodwill & intangibles	2.1B	2.1B	2.1B	2.1B	2.1B	2.1B	2.1B	2.1B	2.1B	2.2B	2.2B	2.2B
Total assets	2.5B	2.8B	3.2B	3.2B	2.5B	2.7B	3.2B	3.3B	2.6B	2.9B	3.4B	3.3B
Accounts payable	149.9M	143.3M	247.1M	155.8M	161.6M	136.9M	243.8M	144M	145.6M	145.8M	303.6M	156.3M
Short-term debt	195.7M	185.4M	185.4M	206.1M	189.4M	520.3M	523.7M	559.1M	205.2M	200.7M	209.3M	228.8M
Total current liabilities	792.8M	745.6M	1.2B	977.3M	795.9M	1.1B	1.6B	1.3B	739.6M	654.8M	1.3B	993.4M
Long-term debt	1.7B	2.5B	1.7B	1.8B	1.7B	2.2B	1.4B	1.5B	2B	2.7B	1.8B	1.9B
Total liabilities	2.9B	3.5B	3.3B	3.1B	2.9B	3.6B	3.4B	3.2B	3.2B	3.8B	3.4B	3.1B
Shareholders' equity	-344.9M	-772.7M	-129.8M	90.6M	-368.1M	-872.5M	-192.8M	88.9M	-550.9M	-823.1M	-24.4M	117.5M
Total debt	1.9B	2.7B	1.9B	2B	1.9B	2.7B	1.9B	2B	2.2B	2.9B	2B	2.1B
Net debt	1.5B	2.4B	1.1B	909.2M	1.5B	2.4B	1.1B	1B	1.9B	2.6B	1.2B	1.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	408.9M	613.1M	422.5M	-7.5M	583.8M	553.7M	553.7M	595.3M	605.8M	733.6M
Depreciation & amortization	182.2M	183.3M	166.7M	169.5M	156.9M	142.2M	130.5M	121.8M	116.8M	122.4M
Stock-based compensation	19.3M	22M	23.8M	28M	28.3M	34.3M	31.3M	34.3M	32.5M	30.5M
Change in working capital	-171.7M	-105.4M	-128.5M	-170.8M	-295M	86.6M	79.1M	-60.2M	-85M	-134.9M
Operating cash flow	485.2M	825.1M	485.6M	11M	451.3M	763.3M	844.2M	650.2M	680.9M	838.7M
Capital expenditure	—	—	—	—	—	—	—	—	-82M	-82.6M
Investing cash flow	189.7M	-13.5M	-59.6M	-388.5M	7.3M	-14.6M	-31.7M	-30.2M	-105.4M	-124.8M
Dividends paid	-187.1M	-200.5M	-205.5M	-204.9M	-195.1M	-186.5M	-177.9M	-179.8M	-197.3M	-211M
Share repurchases	-322.9M	-9.1M	-189.9M	-256.2M	-191.3M	-563.2M	-569M	-379.6M	-437.1M	-512.9M
Financing cash flow	-2.2B	-1B	-1.1B	194.8M	-5.7B	-1.3B	-751M	-564.3M	-647.4M	-734.2M
Net change in cash	-1.6B	-237.4M	-700.2M	-182.8M	-5.2B	-508.6M	61.5M	55.8M	-71.9M	-20.3M
Free cash flow	462.9M	751.4M	511M	27.3M	573.1M	746.6M	752.1M	657.2M	598.8M	756.1M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Net income	-163.5M	-189.8M	690.7M	257.8M	-172.6M	-243.4M	722.3M	299.4M	-165.8M	-242.2M	847.9M	293.7M
Depreciation & amortization	30.2M	30.1M	30.7M	30.8M	28.8M	29.2M	29.2M	29.6M	28.9M	30M	31.5M	32M
Stock-based compensation	7.5M	10M	7.8M	9M	8.7M	9.2M	7.5M	7.1M	6.2M	7.6M	8.4M	8.3M
Change in working capital	-107.8M	-479M	345.2M	181.5M	-156.4M	-344.2M	234.6M	181M	-193.3M	-434.8M	278.4M	214.8M
Operating cash flow	-271.3M	-626.5M	1.1B	496.3M	-272.4M	-569.7M	982.7M	251.6M	-356.8M	-614M	1.6B	252M
Capital expenditure	—	—	—	—	—	—	—	-10.3M	-13.2M	-35.5M	-18.4M	-15.5M
Investing cash flow	-11M	-27.4M	-7.5M	15.6M	-7.7M	-30.7M	-728K	5.5M	-20.9M	-71M	-30.6M	-2.2M
Dividends paid	-43M	-46.9M	-45.3M	-44.6M	-44.7M	-52.3M	-50.2M	-50.2M	-50.2M	-54.3M	-53.2M	-53.2M
Share repurchases	-150.4M	-228.3M	-309K	-551K	-238.4M	-197.9M	-283K	-617K	-412.4M	-230K	-41K	-100.2M
Financing cash flow	-195.2M	-269.4M	-1.1B	-43.8M	-284.4M	-347M	35.9M	-51.9M	-225M	-320.4M	-34M	-154.7M
Net change in cash	-477.5M	-923.2M	-11.8M	468.2M	-564.5M	-947.4M	1B	205.1M	-602.8M	-1B	1.5B	95M
Free cash flow	-347.9M	-627M	1.3B	290.7M	-347.3M	-597.4M	1.3B	241.3M	-370M	-649.5M	1.5B	236.5M

Date	Ratio
Aug 23, 2005	2:1
Aug 2, 2001	2:1
Oct 2, 1991	2:1
Oct 2, 1987	2:1
Oct 2, 1985	2:1

H&R Block Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history