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H&R Block (HRB) Financials

H&R Block logo
$52.57 +0.06 (+0.11%)
As of 03:58 PM Eastern
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Annual Income Statements for H&R Block

Annual Income Statements for H&R Block

This table shows H&R Block's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 4/30/2016 4/30/2017 4/30/2018 4/30/2019 4/30/2020 4/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 374 409 613 - -7.53 584 554 554 595 606 734
Consolidated Net Income / (Loss)		 374 409 613 - -7.53 584 554 554 595 606 734
Net Income / (Loss) Continuing Operations		 384 421 627 - 6.16 590 561 562 598 609 736
Total Pre-Tax Income 		569 629 669 - -3.37 669 659 711 762 781 854
Total Operating Income		 633 716 752 - 77 770 745 749 805 828 908
Total Gross Profit		 1,353 1,392 1,420 - 927 1,572 1,582 1,549 1,619 1,675 1,749
Total Revenue		 3,038 3,036 3,160 - 2,640 3,414 3,463 3,472 3,610 3,761 3,945
Operating Revenue		 2,654 3,036 3,160 - 2,640 3,414 3,463 3,472 3,610 3,761 3,945
Total Cost of Revenue		 1,686 1,644 1,740 - 1,712 1,842 1,881 1,923 1,992 2,086 2,196
Operating Cost of Revenue		 1,686 1,644 1,740 - 1,712 1,842 1,881 1,923 1,992 2,086 2,196
Total Operating Expenses		 719 676 668 - 850 802 837 800 814 847 841
Selling, General & Admin Expense		 719 676 668 - 744 802 837 800 814 847 841
Impairment Charge		 - - 0.00 - 106 0.00 0.00 0.00 0.00 0.00 0.00
Total Other Income / (Expense), net		 -64 -87 -83 - -80 -101 -86 -37 -43 -47 -54
Interest Expense		 69 93 89 - 96 107 88 73 79 78 81
Other Income / (Expense), net		 5.25 6.25 6.05 - 16 5.98 2.45 35 36 32 27
Income Tax Expense		 186 208 42 - -9.53 79 98 149 164 172 118
Net Income / (Loss) Discontinued Operations		 -9.29 -12 -14 - -14 -6.42 -6.97 -8.10 -2.65 -3.68 -2.72
Basic Earnings per Share		 $1.50 $1.92 $2.93 - ($0.04) $3.11 $3.27 $3.58 $4.18 $4.45 $5.72
Weighted Average Basic Shares Outstanding		 249.01M 212.81M 208.82M 205.37M 192.48M 181.47M 159.95M 147.00M 139.59M 133.95M 123.27M
Diluted Earnings per Share		 $1.49 $1.91 $2.91 - ($0.04) $3.08 $3.22 $3.51 $4.12 $4.39 $5.66
Weighted Average Diluted Shares Outstanding		 249.01M 212.81M 208.82M 205.37M 192.48M 181.47M 159.95M 147.00M 139.59M 133.95M 123.27M
Weighted Average Basic & Diluted Shares Outstanding		 249.01M 212.81M 208.82M 205.37M 192.48M 181.47M 159.95M 147.00M 139.59M 133.95M 123.27M

Quarterly Income Statements for H&R Block

This table shows H&R Block's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q2 2026 Q3 2026
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2025 12/31/2024 3/31/2025 6/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 302 -163 -190 691 258 -166 -243 722 299 -242 848
Consolidated Net Income / (Loss)		 302 -163 -190 691 258 -166 -243 722 299 -242 848
Net Income / (Loss) Continuing Operations		 304 -163 -189 692 258 -165 -242 723 300 -242 849
Total Pre-Tax Income 		375 -212 -283 907 350 -216 -312 958 368 -319 1,016
Total Operating Income		 377 -206 -267 928 351 -207 -293 978 371 -299 1,037
Total Gross Profit		 551 -76 -121 1,259 556 -70 -135 1,308 578 -141 1,366
Total Revenue		 1,032 184 179 2,185 1,063 204 179 2,277 1,111 199 2,398
Operating Revenue		 1,032 184 179 2,185 1,063 204 179 2,277 1,111 199 2,398
Total Cost of Revenue		 481 259 300 926 506 274 314 969 533 340 1,032
Operating Cost of Revenue		 481 259 300 926 506 274 314 969 533 340 1,032
Total Operating Expenses		 175 131 147 331 205 137 158 329 207 158 329
Selling, General & Admin Expense		 175 131 147 331 205 137 158 329 207 158 329
Total Other Income / (Expense), net		 -1.40 -6.03 -15 -21 -0.63 -9.30 -19 -20 -3.50 -20 -20
Interest Expense		 16 16 21 26 16 17 22 25 16 23 24
Other Income / (Expense), net		 14 9.84 5.92 5.22 15 8.10 2.74 4.55 12 3.03 3.94
Income Tax Expense		 71 -49 -94 216 92 -51 -70 235 67 -78 168
Net Income / (Loss) Discontinued Operations		 -1.68 -0.61 -0.64 -0.85 -0.55 -0.45 -0.95 -0.60 -0.97 -0.60 -0.88
Basic Earnings per Share		 $1.88 ($1.12) ($1.33) $4.93 $1.70 ($1.26) ($1.80) $5.37 $2.12 ($1.92) $6.66
Weighted Average Basic Shares Outstanding		 147.00M 143.93M 139.52M 139.53M 139.59M 126.43M 133.85M 133.88M 133.95M 126.76M 126.76M
Diluted Earnings per Share		 - - - $4.86 - $0.00 $0.00 $5.31 - $0.00 $6.60
Weighted Average Diluted Shares Outstanding		 147.00M 143.93M 139.52M 139.53M 139.59M 126.43M 133.85M 133.88M 133.95M 126.76M 126.76M
Weighted Average Basic & Diluted Shares Outstanding		 147.00M 143.93M 139.52M 139.53M 139.59M 126.43M 133.85M 133.88M 133.95M 126.76M 126.76M
Cash Dividends to Common per Share		 $0.29 $0.32 $0.32 $0.32 $0.32 $0.42 $0.38 $0.38 - $0.42 $0.42

Annual Cash Flow Statements for H&R Block

This table details how cash moves in and out of H&R Block's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 4/30/2016 4/30/2017 4/30/2018 4/30/2019 4/30/2020 4/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025 6/30/2026
Net Change in Cash & Equivalents		 -1,098 121 546 44 1,165 -1,810 -533 -35 60 -72 -25
Net Cash From Operating Activities		 545 552 850 607 109 626 809 822 721 681 839
Net Cash From Continuing Operating Activities		 545 552 850 607 109 626 809 822 721 681 839
Net Income / (Loss) Continuing Operations		 374 409 613 423 -7.53 584 554 554 595 606 734
Consolidated Net Income / (Loss)		 374 409 613 423 -7.53 584 554 554 595 606 734
Depreciation Expense		 174 182 183 167 170 157 142 131 122 117 122
Non-Cash Adjustments To Reconcile Net Income		 99 72 96 94 202 79 48 133 76 63 109
Changes in Operating Assets and Liabilities, net		 -102 -111 -43 -77 -255 -194 65 4.45 -72 -105 -127
Net Cash From Investing Activities		 330 99 -112 -155 -470 -46 -77 -101 -94 -105 -125
Net Cash From Continuing Investing Activities		 330 99 -112 -155 -470 -46 -77 -101 -94 -105 -125
Purchase of Property, Plant & Equipment		 -100 -89 -99 -95 -82 -53 -62 -70 -64 -82 -83
Acquisitions		 -89 -55 -43 -44 -450 -16 -36 -48 -43 -36 -58
Other Investing Activities, net		 43 36 29 -16 62 23 21 17 13 12 15
Net Cash From Financing Activities		 -1,962 -530 -191 -404 1,532 -2,409 -1,257 -751 -564 -647 -734
Net Cash From Continuing Financing Activities		 -1,962 -530 -191 -404 1,532 -2,409 -1,257 -751 -564 -647 -734
Repayment of Debt		 -1,484 -1,723 -839 -731 -1,344 -3,948 -1,213 -974 -1,030 -1,963 -2,732
Repurchase of Common Equity		 -2,018 -323 -9.15 -190 -256 -191 -563 -569 -380 -437 -513
Payment of Dividends		 -202 -187 -200 -205 -205 -195 -186 -178 -180 -197 -211
Issuance of Debt		 2,462 1,700 830 720 3,335 1,923 705 970 1,025 1,950 2,722
Effect of Exchange Rate Changes		 -11 - -1.14 -3.66 -5.29 18 -8.10 -4.86 -2.81 -0.12 -4.90
Cash Interest Paid		 59 87 84 82 87 104 82 70 76 75 77
Cash Income Taxes Paid		 165 164 8.28 133 89 236 32 -46 131 227 202

Quarterly Cash Flow Statements for H&R Block

This table details how cash moves in and out of H&R Block's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q3 2026 Q4 2026
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2025 12/31/2024 3/31/2025 6/30/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 81 -558 -119 474 262 -606 -97 448 213 518 91
Net Cash From Operating Activities		 323 -335 -607 1,362 301 -357 -567 1,325 252 1,558 252
Net Cash From Continuing Operating Activities		 323 -335 -607 1,362 301 -357 -567 1,325 252 1,558 252
Net Income / (Loss) Continuing Operations		 302 -163 -190 691 258 -166 -243 722 299 848 294
Consolidated Net Income / (Loss)		 302 -163 -190 691 258 -166 -243 722 299 848 294
Depreciation Expense		 32 30 30 31 31 29 29 29 30 32 32
Non-Cash Adjustments To Reconcile Net Income		 57 -29 33 25 47 25 8.38 32 -5.88 29 27
Changes in Operating Assets and Liabilities, net		 -68 -173 -480 616 -35 -245 -361 542 -72 649 -100
Net Cash From Investing Activities		 -0.10 -24 -47 -29 5.79 -21 -61 -23 5.52 -31 -2.25
Net Cash From Continuing Investing Activities		 -0.10 -24 -47 -29 5.79 -21 -61 -23 5.52 -31 -2.25
Purchase of Property, Plant & Equipment		 -13 -13 -20 -21 -9.85 -13 -30 -23 -10 -18 -15
Acquisitions		 -0.51 -6.92 -20 -16 -0.20 -5.07 -22 -7.31 -0.20 -20 -2.59
Other Investing Activities, net		 13 -4.06 -7.12 8.53 16 -2.67 -8.60 6.58 16 7.46 16
Net Cash From Financing Activities		 -245 -195 531 -856 -44 -225 543 -854 -52 -1,009 -155
Net Cash From Continuing Financing Activities		 -245 -195 531 -856 -44 -225 543 -854 -52 -1,009 -155
Repayment of Debt		 1.86 -1.80 -19 -1,010 1.39 -354 -97 -1,864 -1.13 -2,356 -1.28
Repurchase of Common Equity		 -203 -150 -228 -0.31 -0.55 -412 -198 -0.28 -0.62 -0.04 -100
Payment of Dividends		 -44 -43 -47 -45 -45 -50 -52 -50 -50 -53 -53
Effect of Exchange Rate Changes		 - -3.68 4.35 -3.41 -0.08 -2.95 -12 0.71 8.31 0.04 -3.83
Cash Interest Paid		 70 20 -20 31 9.23 28 14 30 11 41 0.25
Cash Income Taxes Paid		 -46 58 -58 -36 95 78 14 3.22 161 6.21 67

Annual Balance Sheets for H&R Block

This table presents H&R Block's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 4/30/2016 4/30/2017 4/30/2018 4/30/2019 4/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025 6/30/2026
Total Assets		 2,847 2,694 3,141 3,300 5,112 4,014 3,269 3,072 3,219 3,264 3,256
Total Current Assets		 1,221 1,346 1,892 1,993 3,087 2,080 1,384 1,187 1,239 1,163 1,126
Cash & Equivalents		 897 1,011 1,545 1,572 2,662 1,434 885 987 1,053 983 959
Restricted Cash		 104 106 119 136 211 150 166 28 22 20 19
Accounts Receivable		 153 163 147 139 133 89 58 60 69 64 58
Prepaid Expenses		 67 66 81 147 52 76 72 112 95 96 89
Plant, Property, & Equipment, net		 294 264 232 212 184 139 124 130 131 135 141
Total Noncurrent Assets		 1,333 1,106 1,017 1,094 1,841 1,795 1,761 1,755 1,848 1,966 1,989
Goodwill		 471 491 508 520 712 755 760 775 785 802 813
Intangible Assets		 434 409 374 342 415 351 310 277 264 259 267
Noncurrent Deferred & Refundable Income Taxes		 120 84 34 142 151 182 209 211 272 318 240
Other Noncurrent Operating Assets		 106 100 101 90 563 507 482 491 527 587 670
Total Liabilities & Shareholders' Equity		 2,847 2,694 3,141 3,300 5,112 4,014 3,269 3,072 3,219 3,264 3,256
Total Liabilities		 2,824 2,755 2,747 2,758 5,041 3,626 3,058 3,040 3,128 3,175 3,139
Total Current Liabilities		 1,040 939 844 923 1,576 982 999 939 977 1,299 993
Short-Term Debt		 0.83 0.98 1.03 0.00 649 0.00 0.00 0.00 0.00 350 0.00
Accounts Payable		 260 217 252 250 203 164 161 160 156 144 156
Current Deferred & Payable Income Tax Liabilities		 374 348 263 272 210 239 280 272 319 296 266
Current Employee Benefit Liabilities		 162 184 141 197 116 169 155 95 106 107 122
Other Current Liabilities		 244 189 186 205 397 410 403 412 397 401 449
Total Noncurrent Liabilities		 1,785 1,816 1,904 1,835 3,465 2,644 2,059 2,101 2,151 1,876 2,145
Long-Term Debt		 1,491 1,493 1,495 1,493 2,846 1,984 1,487 1,489 1,491 1,143 1,491
Capital Lease Obligations		 - - - 0.00 313 245 229 241 265 323 382
Noncurrent Deferred & Payable Income Tax Liabilities		 133 159 229 198 182 302 226 265 291 306 164
Other Noncurrent Operating Liabilities		 160 164 180 145 125 114 117 107 103 104 108
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 23 -61 394 542 71 388 212 32 91 89 117
Total Preferred & Common Equity		 23 -61 394 542 71 388 212 32 91 89 117
Total Common Equity		 23 -61 394 542 71 388 212 32 91 89 117
Common Stock		 761 757 763 770 778 782 774 772 764 769 786
Retained Earnings		 40 -48 363 499 43 287 120 -49 13 12 31
Treasury Stock		 -767 -755 -718 -707 -698 -680 -661 -654 -638 -644 -635
Accumulated Other Comprehensive Income / (Loss)		 -11 -15 -14 -20 -52 0.09 -22 -37 -49 -48 -64

Quarterly Balance Sheets for H&R Block

This table presents H&R Block's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q2 2026 Q3 2026
Period end date 9/30/2022 12/31/2022 3/31/2023 9/30/2023 12/31/2023 3/31/2024 9/30/2025 12/31/2024 3/31/2025 12/31/2025 3/31/2026
Total Assets		 2,559 2,593 3,158 2,511 2,776 3,213 2,621 2,712 3,245 2,930 3,392
Total Current Assets		 724 776 1,303 632 899 1,265 564 777 1,247 842 1,288
Cash & Equivalents		 323 264 909 427 321 795 376 320 773 349 867
Restricted Cash		 109 28 25 31 17 18 21 21 17 20 20
Accounts Receivable		 61 329 249 60 397 347 64 321 352 352 298
Prepaid Expenses		 78 108 87 72 89 106 103 115 104 120 104
Plant, Property, & Equipment, net		 128 137 136 132 137 140 138 144 146 150 148
Total Noncurrent Assets		 1,707 1,681 1,719 1,748 1,740 1,808 1,919 1,791 1,852 1,939 1,956
Goodwill		 747 765 770 771 789 788 798 783 786 816 816
Intangible Assets		 303 305 293 268 275 277 254 271 270 271 276
Noncurrent Deferred & Refundable Income Taxes		 194 182 227 249 239 288 300 282 309 300 270
Other Noncurrent Operating Assets		 463 429 429 461 437 456 567 456 487 552 594
Total Liabilities & Shareholders' Equity		 2,559 2,593 3,158 2,511 2,776 3,213 2,621 2,712 3,245 2,930 3,392
Total Liabilities		 2,824 3,237 3,194 2,856 3,549 3,343 3,172 3,585 3,438 3,753 3,416
Total Current Liabilities		 790 646 1,116 793 746 1,244 740 1,059 1,590 655 1,294
Short-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 350 350 0.00 0.00
Accounts Payable		 168 137 236 150 143 247 146 137 244 146 304
Current Deferred & Payable Income Tax Liabilities		 188 74 284 206 151 352 156 149 347 45 263
Current Employee Benefit Liabilities		 56 68 209 52 66 239 62 65 270 74 300
Other Current Liabilities		 377 367 387 385 385 406 375 359 380 390 429
Total Noncurrent Liabilities		 2,034 2,591 2,079 2,063 2,803 2,100 2,433 2,525 1,848 3,098 2,122
Long-Term Debt		 1,487 2,068 1,488 1,490 2,290 1,491 1,735 1,933 1,143 2,435 1,491
Capital Lease Obligations		 223 205 199 224 209 215 306 228 253 299 326
Noncurrent Deferred & Payable Income Tax Liabilities		 229 231 256 266 235 278 311 293 338 299 188
Other Noncurrent Operating Liabilities		 94 86 135 84 69 116 81 72 115 65 117
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -265 -643 -36 -345 -773 -130 -551 -872 -193 -823 -24
Total Preferred & Common Equity		 -265 -643 -36 -345 -773 -130 -551 -872 -193 -823 -24
Total Common Equity		 -265 -643 -36 -345 -773 -130 -551 -872 -193 -823 -24
Common Stock		 762 770 777 742 748 755 760 754 760 770 778
Retained Earnings		 -312 -708 -109 -394 -846 -200 -609 -909 -237 -905 -110
Treasury Stock		 -661 -660 -660 -645 -638 -638 -644 -646 -645 -637 -637
Accumulated Other Comprehensive Income / (Loss)		 -54 -45 -44 -48 -36 -46 -57 -72 -71 -51 -55

Annual Metrics And Ratios for H&R Block

This table displays calculated financial ratios and metrics derived from H&R Block's official financial filings.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 4/30/2016 4/30/2017 4/30/2018 4/30/2019 4/30/2020 4/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - - 126,760,207.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 126,760,207.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 5.79
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -1.32% -0.06% 4.07% 0.00% 0.00% 29.33% 1.44% 0.26% 3.98% 4.17% 4.90%
EBITDA Growth		 430.09% 11.37% 4.09% -82.29% 57.33% 255.55% -4.60% 2.83% 5.30% 1.37% 8.25%
EBIT Growth		 9,751.41% 13.13% 4.97% -100.00% 0.00% 736.50% -3.64% 4.93% 7.30% 2.15% 8.72%
NOPAT Growth		 0.00% 12.30% 47.21% -100.00% 0.00% 1,158.86% -6.71% -6.67% 6.81% 2.23% 21.21%
Net Income Growth		 -20.98% 9.27% 49.93% 0.00% 0.00% 7,856.99% -5.16% 0.00% 7.52% 1.76% 21.10%
EPS Growth		 -12.87% 28.19% 52.36% 0.00% 0.00% 7,800.00% 4.55% 9.01% 17.38% 6.55% 28.93%
Operating Cash Flow Growth		 -13.10% 1.40% 53.93% -28.64% -82.04% 474.45% 29.17% 1.65% -12.29% -5.55% 23.18%
Free Cash Flow Firm Growth		 -368.93% 328.19% 24.33% -112.35% -823.32% 202.91% -17.53% -8.59% -16.03% -14.89% 30.14%
Invested Capital Growth		 357.52% -34.52% -33.01% 44.65% 301.54% -21.22% -15.10% -14.87% 3.43% 16.83% 12.35%
Revenue Q/Q Growth		 -0.43% 1.01% 2.10% 0.00% 0.00% -21.90% 1.08% -0.51% 0.85% 1.30% 0.00%
EBITDA Q/Q Growth		 2,523.56% 9.11% 1.61% -81.51% 57.90% -36.91% 25.13% 9.07% -2.64% 1.71% 0.00%
EBIT Q/Q Growth		 795.87% 10.97% 2.50% -100.00% 0.00% -41.10% 32.60% 11.19% -2.89% 2.09% 0.00%
NOPAT Q/Q Growth		 755.66% 23.83% 132.90% -100.00% 0.00% -33.05% -8.87% 12.84% -7.01% 7.65% 0.00%
Net Income Q/Q Growth		 -9.26% 25.35% 141.80% 0.00% 0.00% -37.41% 25.12% 16.78% -6.95% 7.38% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 21.86% -1.68% 40.65% -29.49% -77.59% -69.88% 62.45% -11.99% -3.07% -6.72% 0.05%
Free Cash Flow Firm Q/Q Growth		 79.18% -7.03% 67.48% -113.51% -19.20% -46.20% -21.38% -17.22% -4.26% -14.05% 0.00%
Invested Capital Q/Q Growth		 -71.75% -77.56% -82.86% -75.97% -38.71% -24.83% -17.66% 4.11% 1.15% 18.23% 0.00%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 44.52% 45.84% 44.94% 0.00% 35.13% 46.04% 45.68% 44.60% 44.84% 44.53% 44.33%
EBITDA Margin		 26.73% 29.79% 29.79% 0.00% 9.94% 27.31% 25.68% 26.34% 26.68% 25.96% 26.79%
Operating Margin		 20.84% 23.58% 23.80% 0.00% 2.92% 22.54% 21.51% 21.56% 22.30% 22.01% 23.01%
EBIT Margin		 21.01% 23.79% 23.99% 0.00% 3.51% 22.72% 21.58% 22.58% 23.31% 22.85% 23.69%
Profit (Net Income) Margin		 12.32% 13.47% 19.40% 0.00% -0.29% 17.10% 15.99% 15.95% 16.49% 16.11% 18.59%
Tax Burden Percent		 65.72% 64.99% 91.69% 0.00% 223.06% 87.30% 84.01% 77.85% 78.09% 77.52% 85.91%
Interest Burden Percent		 89.20% 87.13% 88.21% 0.00% -3.64% 86.22% 88.19% 90.69% 90.60% 90.91% 91.37%
Effective Tax Rate		 32.65% 33.11% 6.25% 0.00% 0.00% 11.74% 14.93% 21.01% 21.56% 22.01% 13.77%
Return on Invested Capital (ROIC)		 271.08% 112.52% 250.67% 0.00% 6.59% 57.97% 66.38% 72.88% 83.21% 77.17% 81.75%
ROIC Less NNEP Spread (ROIC-NNEP)		 277.85% 96.78% 170.67% 0.00% -5.41% 47.84% 54.16% 67.42% 78.01% 71.81% 76.00%
Return on Net Nonoperating Assets (RNNOA)		 -230.75% -2,277.40% 117.78% 0.00% -9.05% 196.35% 118.27% 381.54% 887.48% 597.83% 629.16%
Return on Equity (ROE)		 40.33% -2,164.88% 368.45% 0.00% -2.46% 254.32% 184.65% 454.42% 970.69% 674.99% 710.90%
Cash Return on Invested Capital (CROIC)		 -55.93% 154.23% 290.20% -36.50% -113.65% 81.72% 82.72% 88.95% 79.84% 61.64% 70.11%
Operating Return on Assets (OROA)		 17.34% 26.07% 25.98% 0.00% 2.20% 17.00% 20.52% 24.73% 26.75% 26.52% 28.66%
Return on Assets (ROA)		 10.17% 14.76% 21.02% 0.00% -0.18% 12.79% 15.20% 17.46% 18.93% 18.69% 22.50%
Return on Common Equity (ROCE)		 40.33% -2,164.88% 368.45% 0.00% -2.46% 254.32% 184.65% 454.42% 970.69% 674.99% 710.90%
Return on Equity Simple (ROE_SIMPLE)		 1,619.99% -671.69% 155.74% 0.00% -10.59% 150.44% 261.62% 1,726.86% 657.13% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 426 479 705 0.00 54 679 634 591 632 646 783
NOPAT Margin		 14.04% 15.77% 22.31% 0.00% 2.04% 19.90% 18.30% 17.03% 17.50% 17.17% 19.84%
Net Nonoperating Expense Percent (NNEP)		 -6.77% 15.74% 79.99% 0.00% 12.00% 10.13% 12.22% 5.47% 5.21% 5.35% 5.75%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - 33.90% 39.31%
Cost of Revenue to Revenue		 55.48% 54.16% 55.06% 0.00% 64.87% 53.96% 54.32% 55.40% 55.16% 55.47% 55.67%
SG&A Expenses to Revenue		 23.68% 22.26% 21.14% 0.00% 28.20% 23.50% 24.17% 23.04% 22.53% 22.52% 21.32%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 23.68% 22.26% 21.14% 0.00% 32.21% 23.50% 24.17% 23.04% 22.53% 22.52% 21.32%
Earnings before Interest and Taxes (EBIT)		 638 722 758 0.00 93 776 747 784 841 860 934
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 812 904 941 167 262 932 890 915 963 976 1,057
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 141.21 0.00 11.36 8.22 38.00 9.32 25.11 147.18 83.52 82.67 41.09
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 1.07 1.26 1.42 0.00 1.02 1.06 1.53 1.36 2.10 1.95 1.22
Price to Earnings (P/E)		 8.72 9.38 7.30 0.00 0.00 6.20 9.60 8.52 12.71 12.13 6.58
Dividend Yield		 5.50% 4.75% 4.49% 4.57% 7.42% 5.22% 4.05% 3.74% 2.36% 2.73% 4.41%
Earnings Yield		 11.47% 10.66% 13.70% 0.00% 0.00% 16.14% 10.42% 11.73% 7.87% 8.24% 15.20%
Enterprise Value to Invested Capital (EV/IC)		 7.30 12.50 19.08 12.98 2.77 4.13 6.82 7.28 10.69 9.05 5.65
Enterprise Value to Revenue (EV/Rev)		 1.24 1.39 1.36 0.00 1.38 1.25 1.73 1.56 2.28 2.17 1.45
Enterprise Value to EBITDA (EV/EBITDA)		 4.62 4.66 4.57 25.41 13.86 4.57 6.72 5.94 8.56 8.36 5.41
Enterprise Value to EBIT (EV/EBIT)		 5.88 5.83 5.68 0.00 39.20 5.50 8.00 6.93 9.80 9.50 6.12
Enterprise Value to NOPAT (EV/NOPAT)		 8.80 8.79 6.11 0.00 67.36 6.28 9.44 9.19 13.06 12.64 7.31
Enterprise Value to Operating Cash Flow (EV/OCF)		 6.89 7.63 5.07 6.98 33.36 6.81 7.40 6.61 11.44 11.99 6.82
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 6.42 5.28 0.00 0.00 4.45 7.57 7.53 13.61 15.82 8.52
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 64.59 -24.54 3.80 2.76 53.60 5.74 8.11 53.94 19.39 20.43 15.95
Long-Term Debt to Equity		 64.55 -24.52 3.80 2.76 44.46 5.74 8.11 53.94 19.39 16.49 15.95
Financial Leverage		 -0.83 -23.53 0.69 -0.41 1.67 4.10 2.18 5.66 11.38 8.32 8.28
Leverage Ratio		 3.97 -146.67 17.53 6.89 13.73 19.88 12.15 26.02 51.29 36.12 31.59
Compound Leverage Factor		 3.54 -127.80 15.47 0.00 -0.50 17.14 10.71 23.60 46.47 32.84 28.87
Debt to Total Capital		 98.48% 104.25% 79.16% 73.38% 98.17% 85.17% 89.02% 98.18% 95.10% 95.33% 94.10%
Short-Term Debt to Total Capital		 0.05% 0.07% 0.05% 0.00% 16.74% 0.00% 0.00% 0.00% 0.00% 18.37% 0.00%
Long-Term Debt to Total Capital		 98.42% 104.18% 79.11% 73.38% 81.43% 85.17% 89.02% 98.18% 95.10% 76.97% 94.10%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 1.52% -4.25% 20.84% 26.62% 1.83% 14.83% 10.98% 1.82% 4.90% 4.67% 5.90%
Debt to EBITDA		 1.84 1.65 1.59 8.95 14.52 2.39 1.93 1.89 1.82 1.86 1.77
Net Debt to EBITDA		 0.61 0.42 -0.18 -1.29 3.56 0.69 0.75 0.78 0.71 0.83 0.85
Long-Term Debt to EBITDA		 1.84 1.65 1.59 8.95 12.04 2.39 1.93 1.89 1.82 1.50 1.77
Debt to NOPAT		 3.50 3.12 2.12 0.00 70.57 3.28 2.71 2.92 2.78 2.81 2.39
Net Debt to NOPAT		 1.15 0.79 -0.24 0.00 17.32 0.95 1.05 1.21 1.08 1.26 1.14
Long-Term Debt to NOPAT		 3.50 3.12 2.12 0.00 58.54 3.28 2.71 2.92 2.78 2.27 2.39
Altman Z-Score		 2.60 3.00 3.34 1.57 1.26 2.51 3.05 2.98 3.54 3.37 3.14
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.17 1.43 2.24 2.16 1.96 2.12 1.39 1.26 1.27 0.90 1.13
Quick Ratio		 1.01 1.25 2.01 1.85 1.77 1.55 0.94 1.12 1.15 0.81 1.02
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -288 656 816 -101 -930 957 790 722 606 516 671
Operating Cash Flow to CapEx		 544.97% 618.67% 862.22% 635.18% 133.39% 1,185.65% 1,305.04% 1,179.15% 1,132.04% 830.00% 1,015.20%
Free Cash Flow to Firm to Interest Expense		 -4.17 7.06 9.13 0.00 -9.68 8.96 8.94 9.89 7.66 6.60 8.33
Operating Cash Flow to Interest Expense		 7.90 5.94 9.51 0.00 1.13 5.86 9.16 11.26 9.12 8.72 10.40
Operating Cash Flow Less CapEx to Interest Expense		 6.45 4.98 8.41 0.00 0.28 5.36 8.46 10.31 8.31 7.67 9.38
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.83 1.10 1.08 0.00 0.63 0.75 0.95 1.10 1.15 1.16 1.21
Accounts Receivable Turnover		 18.92 19.22 20.42 0.00 19.40 30.74 47.00 58.63 55.95 56.69 64.75
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 10.04 10.89 12.75 0.00 13.32 21.10 26.32 27.35 27.63 28.24 28.54
Accounts Payable Turnover		 0.00 6.90 7.42 0.00 7.57 10.03 11.57 11.99 12.62 13.91 14.62
Days Sales Outstanding (DSO)		 19.29 18.99 17.88 0.00 18.82 11.87 7.77 6.23 6.52 6.44 5.64
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 52.90 49.20 0.00 48.24 36.40 31.55 30.44 28.93 26.23 24.96
Cash Conversion Cycle (CCC)		 19.29 -33.91 -31.32 0.00 -29.43 -24.52 -23.78 -24.22 -22.41 -19.80 -19.32
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 514 337 226 326 1,311 1,033 877 746 772 902 1,013
Invested Capital Turnover		 19.31 7.13 11.24 0.00 3.22 2.91 3.63 4.28 4.76 4.49 4.12
Increase / (Decrease) in Invested Capital		 714 -178 -111 101 984 -278 -156 -130 26 130 111
Enterprise Value (EV)		 3,754 4,211 4,306 4,235 3,634 4,263 5,979 5,433 8,248 8,162 5,723
Market Capitalization		 3,262 3,835 4,474 4,451 2,700 3,618 5,314 4,719 7,567 7,349 4,827
Book Value per Share		 $0.10 ($0.29) $1.88 $2.66 $0.37 $2.14 $1.33 $0.21 $0.65 $0.66 $0.93
Tangible Book Value per Share		 ($3.93) ($4.64) ($2.33) ($1.58) ($5.49) ($3.96) ($5.38) ($6.70) ($6.87) ($7.26) ($7.59)
Total Capital		 1,515 1,433 1,889 2,034 3,879 2,617 1,927 1,762 1,847 1,905 1,991
Total Debt		 1,492 1,494 1,496 1,493 3,808 2,229 1,716 1,730 1,756 1,816 1,874
Total Long-Term Debt		 1,491 1,493 1,495 1,493 3,158 2,229 1,716 1,730 1,756 1,466 1,874
Net Debt		 491 376 -168 -215 935 644 665 714 681 813 896
Capital Expenditures (CapEx)		 100 89 99 95 82 53 62 70 64 82 83
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -819 -710 -615 -637 -713 -486 -665 -767 -813 -789 -846
Debt-free Net Working Capital (DFNWC)		 182 408 1,049 1,070 2,161 1,098 386 249 262 214 132
Net Working Capital (NWC)		 181 407 1,048 1,070 1,511 1,098 386 249 262 -136 132
Net Nonoperating Expense (NNE)		 52 70 92 0.00 61 95 80 38 36 40 49
Net Nonoperating Obligations (NNO)		 491 398 -168 -215 1,240 644 665 714 681 813 896
Total Depreciation and Amortization (D&A)		 174 182 183 167 170 157 142 131 122 117 122
Debt-free, Cash-free Net Working Capital to Revenue		 -26.96% -23.38% -19.45% 0.00% -26.99% -14.24% -19.20% -22.08% -22.52% -20.99% -21.44%
Debt-free Net Working Capital to Revenue		 5.98% 13.43% 33.20% 0.00% 81.85% 32.16% 11.14% 7.16% 7.26% 5.69% 3.35%
Net Working Capital to Revenue		 5.96% 13.40% 33.17% 0.00% 57.25% 32.16% 11.14% 7.16% 7.26% -3.62% 3.35%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.50 $1.92 $2.93 $2.05 ($0.04) $0.00 $3.27 $3.58 $4.18 $4.45 $5.72
Adjusted Weighted Average Basic Shares Outstanding		 220.52M 207.18M 209.26M 201.96M 192.48M 181.47M 159.95M 147.00M 139.59M 133.95M 123.27M
Adjusted Diluted Earnings per Share		 $1.49 $1.91 $2.91 $2.04 ($0.04) $0.00 $3.22 $3.51 $4.12 $4.39 $5.66
Adjusted Weighted Average Diluted Shares Outstanding		 220.52M 207.18M 209.26M 201.96M 192.48M 181.47M 159.95M 147.00M 139.59M 133.95M 123.27M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 ($0.04) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 220.52M 207.18M 209.26M 201.96M 192.48M 181.47M 159.95M 147.00M 139.59M 133.95M 123.27M
Normalized Net Operating Profit after Tax (NOPAT)		 426 479 705 0.00 128 679 634 591 632 646 783
Normalized NOPAT Margin		 14.04% 15.77% 22.31% 0.00% 4.86% 19.90% 18.30% 17.03% 17.50% 17.17% 19.84%
Pre Tax Income Margin		 18.74% 20.73% 21.16% 0.00% -0.13% 19.59% 19.03% 20.48% 21.11% 20.78% 21.64%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 9.26 7.77 8.48 0.00 0.96 7.26 8.47 10.75 10.64 11.00 11.59
NOPAT to Interest Expense		 6.18 5.15 7.89 0.00 0.56 6.36 7.18 8.10 7.99 8.27 9.71
EBIT Less CapEx to Interest Expense		 7.81 6.81 7.38 0.00 0.11 6.76 7.76 9.79 9.83 9.95 10.57
NOPAT Less CapEx to Interest Expense		 4.74 4.19 6.79 0.00 -0.29 5.86 6.48 7.15 7.18 7.22 8.68
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 53.89% 45.76% 32.70% 0.00% -2,722.16% 33.41% 33.68% 32.13% 30.20% 32.57% 28.76%
Augmented Payout Ratio		 593.17% 124.70% 34.19% 0.00% -6,126.55% 66.18% 135.40% 134.89% 93.96% 104.74% 98.68%

Quarterly Metrics And Ratios for H&R Block

This table displays calculated financial ratios and metrics derived from H&R Block's official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q2 2026 Q3 2026
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 126,760,207.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 126,760,207.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 6.69
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -1.71% 2.12% 7.62% 4.36% 2.95% 5.45% -0.01% 4.22% 4.55% 11.05% 5.31%
EBITDA Growth		 21.93% 3.26% 6.05% 5.94% -6.17% -12.82% -12.94% 4.98% 4.14% -13.16% 5.95%
EBIT Growth		 25.29% 4.38% 6.27% 6.35% -6.40% -10.14% -11.10% 5.30% 4.82% -1.82% 5.89%
NOPAT Growth		 27.87% 1.33% 5.57% 8.35% -15.16% -10.67% -9.67% 4.33% 17.17% -1.91% 17.30%
Net Income Growth		 35.73% 2.93% 15.13% 7.35% -14.71% -5.56% -28.28% 4.57% 16.14% 0.52% 17.38%
EPS Growth		 0.00% 0.00% 0.00% 17.96% 0.00% 0.00% 0.00% 9.26% 0.00% 0.00% 24.29%
Operating Cash Flow Growth		 -25.71% -4.14% -32.34% 6.54% -7.07% 1.91% 6.61% -2.75% -16.31% 0.00% 17.55%
Free Cash Flow Firm Growth		 10.37% 78.07% -320.78% -33.93% -46.44% -329.58% 52.15% 11.67% -25.68% -300.87% -2.06%
Invested Capital Growth		 -14.87% -10.11% 3.75% 6.45% 3.43% 2.21% -6.61% -0.04% 16.83% 19.00% 18.69%
Revenue Q/Q Growth		 -50.70% -82.19% -2.57% 1,120.01% -51.36% -81.76% -7.61% 1,171.63% -51.21% 0.00% 1,105.90%
EBITDA Q/Q Growth		 -53.54% -139.32% -39.18% 516.63% -58.85% -147.28% -39.33% 487.25% -59.17% 0.00% 462.45%
EBIT Q/Q Growth		 -55.46% -150.26% -33.09% 456.94% -60.79% -159.13% -34.26% 438.28% -60.97% 0.00% 451.79%
NOPAT Q/Q Growth		 -53.27% -147.34% -29.62% 477.92% -63.41% -161.75% -28.45% 459.52% -58.91% 0.00% 513.83%
Net Income Q/Q Growth		 -53.02% -154.08% -16.07% 464.02% -62.68% -166.94% -41.05% 396.74% -58.55% 0.00% 450.13%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 -74.71% -203.57% -81.25% 324.39% -77.94% -209.31% -72.58% 333.66% -81.01% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 -56.49% -109.62% -466.63% 378.50% -64.73% -177.18% 36.88% 749.91% -76.53% 0.00% 258.79%
Invested Capital Q/Q Growth		 4.11% 22.13% 52.28% -45.02% 1.15% 20.69% 39.14% -41.15% 18.23% 0.00% -41.30%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 53.42% -41.11% -67.42% 57.62% 52.35% -39.10% -75.47% 57.43% 52.03% -70.93% 56.97%
EBITDA Margin		 40.97% -90.46% -129.22% 44.13% 37.34% -96.79% -145.95% 44.45% 37.19% -148.77% 44.71%
Operating Margin		 36.48% -112.26% -149.33% 42.48% 33.02% -117.81% -163.79% 42.96% 33.42% -150.29% 43.24%
EBIT Margin		 37.88% -106.90% -146.03% 42.72% 34.44% -111.66% -162.25% 43.16% 34.53% -148.77% 43.40%
Profit (Net Income) Margin		 29.29% -88.95% -105.96% 31.62% 24.26% -89.04% -135.94% 31.72% 26.95% -121.77% 35.36%
Tax Burden Percent		 80.58% 76.98% 67.08% 76.13% 73.62% 74.30% 77.94% 75.39% 81.42% 75.86% 83.42%
Interest Burden Percent		 95.94% 108.08% 108.17% 97.21% 95.69% 107.32% 107.49% 97.49% 95.87% 107.90% 97.66%
Effective Tax Rate		 18.97% 0.00% 0.00% 23.78% 26.22% 0.00% 0.00% 24.55% 18.32% 0.00% 16.50%
Return on Invested Capital (ROIC)		 126.48% -283.72% -267.60% 156.66% 115.85% -323.99% -309.28% 157.74% 122.68% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 126.07% -285.23% -267.72% 154.63% 115.71% -324.99% -311.04% 156.03% 122.17% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 713.51% 1,185.71% 783.01% -1,531.49% 1,316.40% 1,165.12% 818.53% -893.94% 1,016.98% 0.00% 0.00%
Return on Equity (ROE)		 839.99% 901.98% 515.40% -1,374.82% 1,432.25% 841.12% 509.25% -736.20% 1,139.66% 0.00% 0.00%
Cash Return on Invested Capital (CROIC)		 88.95% 72.03% 42.11% 85.55% 79.84% 65.29% 49.26% 78.67% 61.64% 0.00% 0.00%
Operating Return on Assets (OROA)		 41.48% -146.58% -189.75% 48.01% 39.53% -159.75% -214.05% 49.63% 40.06% 0.00% 0.00%
Return on Assets (ROA)		 32.07% -121.96% -137.69% 35.53% 27.85% -127.39% -179.33% 36.47% 31.27% 0.00% 0.00%
Return on Common Equity (ROCE)		 839.99% 901.98% 515.40% -1,374.82% 1,432.25% 841.12% 509.25% -736.20% 1,139.66% 0.00% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -161.98% -76.68% -492.87% 0.00% -159.27% -61.04% -292.55% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 305 -144 -187 707 259 -160 -205 738 303 -209 866
NOPAT Margin		 29.56% -78.58% -104.53% 32.38% 24.36% -82.47% -114.65% 32.41% 27.30% -105.20% 36.10%
Net Nonoperating Expense Percent (NNEP)		 0.41% 1.50% 0.12% 2.03% 0.15% 1.00% 1.76% 1.71% 0.51% 1.45% 1.90%
Return On Investment Capital (ROIC_SIMPLE)		 - - -10.85% - - - -12.54% 47.54% 15.92% -10.95% 48.31%
Cost of Revenue to Revenue		 46.58% 141.11% 167.42% 42.38% 47.65% 139.10% 175.47% 42.57% 47.97% 170.93% 43.03%
SG&A Expenses to Revenue		 16.94% 71.15% 81.91% 15.13% 19.33% 78.72% 88.32% 14.47% 18.61% 79.36% 13.73%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 16.94% 71.15% 81.91% 15.13% 19.33% 78.72% 88.32% 14.47% 18.61% 79.36% 13.73%
Earnings before Interest and Taxes (EBIT)		 391 -196 -262 933 366 -216 -291 983 384 -296 1,041
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 423 -166 -231 964 397 -188 -261 1,012 413 -296 1,072
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 147.18 0.00 0.00 0.00 83.52 0.00 0.00 0.00 82.67 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 1.36 1.77 1.95 1.90 2.10 2.45 2.00 1.98 1.95 0.00 0.00
Price to Earnings (P/E)		 8.52 11.04 11.46 10.64 12.71 15.13 13.60 13.03 12.13 0.00 0.00
Dividend Yield		 3.74% 2.84% 2.59% 2.56% 2.36% 2.10% 2.63% 2.63% 2.73% 3.65% 5.15%
Earnings Yield		 11.73% 9.06% 8.73% 9.40% 7.87% 6.61% 7.35% 7.68% 8.24% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 7.28 8.15 6.45 10.09 10.69 10.92 7.26 10.89 9.05 5.11 5.47
Enterprise Value to Revenue (EV/Rev)		 1.56 2.14 2.57 2.15 2.28 2.81 2.60 2.24 2.17 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 5.94 8.07 9.57 7.79 8.56 10.80 10.32 8.65 8.36 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 6.93 9.36 11.04 8.89 9.80 12.38 11.88 9.87 9.50 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 9.19 12.57 14.34 11.34 13.06 16.36 16.52 13.85 12.64 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 6.61 9.18 13.56 10.36 11.44 13.99 12.26 11.38 11.99 13.00 5.91
Enterprise Value to Free Cash Flow (EV/FCFF)		 7.53 10.71 15.60 12.17 13.61 16.90 14.23 13.84 15.82 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 53.94 -4.97 -3.23 -13.14 19.39 -4.72 -2.88 -9.05 20.43 -3.32 -74.53
Long-Term Debt to Equity		 53.94 -4.97 -3.23 -13.14 19.39 -4.72 -2.48 -7.24 16.49 -3.32 -74.53
Financial Leverage		 5.66 -4.16 -2.92 -9.90 11.38 -3.59 -2.63 -5.73 8.32 -2.67 -8.68
Leverage Ratio		 26.02 -8.31 -3.79 -38.34 51.29 -7.10 -3.34 -20.02 36.12 -3.33 -30.55
Compound Leverage Factor		 24.97 -8.99 -4.10 -37.26 49.08 -7.62 -3.59 -19.51 34.63 -3.59 -29.84
Debt to Total Capital		 98.18% 125.19% 144.76% 108.24% 95.10% 126.85% 153.27% 112.42% 95.33% 143.06% 101.36%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 21.35% 22.53% 18.37% 0.00% 0.00%
Long-Term Debt to Total Capital		 98.18% 125.19% 144.76% 108.24% 95.10% 126.85% 131.93% 89.89% 76.97% 143.06% 101.36%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 1.82% -25.19% -44.76% -8.24% 4.90% -26.85% -53.27% -12.42% 4.67% -43.06% -1.36%
Debt to EBITDA		 1.89 1.86 2.67 1.72 1.82 1.85 2.75 1.82 1.86 0.00 0.00
Net Debt to EBITDA		 0.78 1.37 2.31 0.90 0.71 1.38 2.38 1.00 0.83 0.00 0.00
Long-Term Debt to EBITDA		 1.89 1.86 2.67 1.72 1.82 1.85 2.37 1.45 1.50 0.00 0.00
Debt to NOPAT		 2.92 2.90 4.00 2.51 2.78 2.80 4.41 2.91 2.81 0.00 0.00
Net Debt to NOPAT		 1.21 2.13 3.46 1.31 1.08 2.09 3.81 1.59 1.26 0.00 0.00
Long-Term Debt to NOPAT		 2.92 2.90 4.00 2.51 2.78 2.80 3.79 2.33 2.27 0.00 0.00
Altman Z-Score		 2.56 2.13 1.73 3.22 3.05 2.64 1.60 3.20 2.88 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.26 0.80 1.21 1.02 1.27 0.77 0.73 0.78 0.90 1.29 1.00
Quick Ratio		 1.12 0.61 0.96 0.92 1.15 0.61 0.61 0.71 0.81 1.07 0.90
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 435 -42 -237 661 233 -180 -114 738 173 -455 723
Operating Cash Flow to CapEx		 2,481.05% -2,593.60% -3,067.79% 6,449.98% 3,052.67% -1,753.84% -1,866.55% 5,844.81% 2,454.25% 0.00% 8,460.56%
Free Cash Flow to Firm to Interest Expense		 27.44 -2.64 -11.11 25.36 14.78 -11.36 -5.22 29.91 10.95 -19.48 29.75
Operating Cash Flow to Interest Expense		 20.38 -21.11 -28.42 52.26 19.05 -20.73 -26.07 53.67 15.89 0.00 64.08
Operating Cash Flow Less CapEx to Interest Expense		 19.56 -21.92 -29.35 51.45 18.43 -21.92 -27.47 52.75 15.25 0.00 63.32
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.10 1.37 1.30 1.12 1.15 1.43 1.32 1.15 1.16 0.00 0.00
Accounts Receivable Turnover		 58.63 57.28 9.61 12.01 55.95 55.59 10.08 10.62 56.69 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 27.35 26.78 25.47 25.97 27.63 27.10 25.77 25.96 28.24 0.00 0.00
Accounts Payable Turnover		 11.99 12.07 13.72 8.13 12.62 12.85 14.39 8.39 13.91 0.00 0.00
Days Sales Outstanding (DSO)		 6.23 6.37 37.98 30.38 6.52 6.57 36.23 34.37 6.44 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 30.44 30.23 26.61 44.88 28.93 28.40 25.37 43.50 26.23 0.00 0.00
Cash Conversion Cycle (CCC)		 -24.22 -23.86 11.37 -14.50 -22.41 -21.83 10.86 -9.13 -19.80 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 746 911 1,388 763 772 932 1,296 763 902 1,542 905
Invested Capital Turnover		 4.28 3.61 2.56 4.84 4.76 3.93 2.70 4.87 4.49 0.00 0.00
Increase / (Decrease) in Invested Capital		 -130 -103 50 46 26 20 -92 -0.28 130 246 143
Enterprise Value (EV)		 5,433 7,425 8,949 7,702 8,248 10,171 9,410 8,305 8,162 7,875 4,953
Market Capitalization		 4,719 6,169 6,789 6,809 7,567 8,871 7,242 7,350 7,349 5,510 4,023
Book Value per Share		 $0.21 ($2.35) ($5.37) ($0.93) $0.65 ($2.64) ($6.37) ($1.44) $0.66 ($6.51) ($0.19)
Tangible Book Value per Share		 ($6.70) ($9.41) ($12.76) ($8.56) ($6.87) ($10.15) ($14.06) ($9.33) ($7.26) ($15.11) ($8.80)
Total Capital		 1,762 1,369 1,726 1,576 1,847 1,371 1,638 1,552 1,905 1,911 1,792
Total Debt		 1,730 1,714 2,499 1,706 1,756 1,739 2,510 1,745 1,816 2,734 1,816
Total Long-Term Debt		 1,730 1,714 2,499 1,706 1,756 1,739 2,161 1,396 1,466 2,734 1,816
Net Debt		 714 1,256 2,161 893 681 1,300 2,169 956 813 2,366 930
Capital Expenditures (CapEx)		 13 13 20 21 9.85 19 30 23 10 0.00 18
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -767 -619 -185 -791 -813 -623 -274 -783 -789 -182 -893
Debt-free Net Working Capital (DFNWC)		 249 -161 153 22 262 -184 68 6.52 214 187 -5.93
Net Working Capital (NWC)		 249 -161 153 22 262 -184 -282 -343 -136 187 -5.93
Net Nonoperating Expense (NNE)		 2.82 19 2.55 17 1.02 13 38 16 3.83 33 18
Net Nonoperating Obligations (NNO)		 714 1,256 2,161 893 681 1,300 2,169 956 813 2,366 930
Total Depreciation and Amortization (D&A)		 32 30 30 31 31 29 29 29 30 0.00 32
Debt-free, Cash-free Net Working Capital to Revenue		 -22.08% -17.79% -5.30% -22.09% -22.52% -17.22% -7.57% -21.09% -20.99% 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 7.16% -4.63% 4.39% 0.61% 7.26% -5.09% 1.87% 0.18% 5.69% 0.00% 0.00%
Net Working Capital to Revenue		 7.16% -4.63% 4.39% 0.61% 7.26% -5.09% -7.79% -9.25% -3.62% 0.00% 0.00%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.88 ($1.12) ($1.33) $4.93 $1.70 ($1.24) ($1.80) $5.37 $2.12 ($1.92) $6.66
Adjusted Weighted Average Basic Shares Outstanding		 147.00M 143.93M 139.52M 139.53M 139.59M 137.05M 133.85M 133.88M 133.95M 126.76M 126.76M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $4.86 $0.00 $0.00 $0.00 $5.31 $0.00 $0.00 $6.60
Adjusted Weighted Average Diluted Shares Outstanding		 147.00M 143.93M 139.52M 139.53M 139.59M 137.05M 133.85M 133.88M 133.95M 126.76M 126.76M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 147.00M 143.93M 139.52M 139.53M 139.59M 137.05M 133.85M 133.88M 133.95M 126.76M 126.76M
Normalized Net Operating Profit after Tax (NOPAT)		 305 -144 -187 707 259 -160 -205 738 303 -209 866
Normalized NOPAT Margin		 29.56% -78.58% -104.53% 32.38% 24.36% -82.47% -114.65% 32.41% 27.30% -105.20% 36.10%
Pre Tax Income Margin		 36.34% -115.54% -157.96% 41.53% 32.96% -119.84% -174.40% 42.08% 33.10% -160.52% 42.39%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 24.64 -12.38 -12.24 35.80 23.20 -13.66 -13.36 39.81 24.24 -12.65 42.82
NOPAT to Interest Expense		 19.22 -9.10 -8.76 27.14 16.41 -10.09 -9.44 29.90 19.16 -8.95 35.62
EBIT Less CapEx to Interest Expense		 23.81 -13.20 -13.17 34.99 22.57 -14.84 -14.75 38.90 23.59 0.00 42.06
NOPAT Less CapEx to Interest Expense		 18.40 -9.91 -9.69 26.33 15.78 -11.27 -10.84 28.98 18.51 0.00 34.86
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 32.13% 31.82% 30.14% 28.02% 30.20% 30.96% 35.09% 34.00% 32.57% 0.00% 0.00%
Augmented Payout Ratio		 134.89% 124.29% 128.38% 119.01% 93.96% 110.71% 117.17% 111.47% 104.74% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

H&R Block’s latest results show a seasonal but improving operating profile. The company remains heavily dependent on the tax-season quarters, with substantial losses in the first and second quarters followed by significant profitability in the third and fourth quarters. Compared with prior-year periods, revenue and earnings improved during the 2026 tax season, while cash generation remained strong.

  • Tax-season revenue accelerated. Third-quarter 2026 revenue rose to $2.40 billion from $2.28 billion in the comparable 2025 quarter, an increase of approximately 5.3%. Revenue was also higher in the first and second quarters, increasing roughly 10.7% and 11.1%, respectively.
  • Peak-season profitability improved. Third-quarter 2026 net income increased to $847.9 million from $722.3 million, while diluted EPS rose to $6.60 from $5.31. Operating income increased approximately 6% to $1.04 billion.
  • Operating cash flow remains robust. Third-quarter 2026 operating cash flow reached $1.56 billion, up from $1.32 billion in the comparable 2025 quarter and $1.29 billion in the comparable 2024 quarter. This indicates that the company’s core business continues to convert seasonal earnings into cash.
  • Fourth-quarter cash generation was stable. Operating cash flow was $252.0 million in Q4 2026, essentially unchanged from $251.6 million in Q4 2025 and above $250.6 million in Q4 2024. Net income was also relatively steady at $293.7 million compared with $299.4 million a year earlier.
  • Liquidity improved during the tax season. Cash and equivalents increased to $867.0 million at March 31, 2026, from $772.9 million a year earlier and $349.2 million at December 31, 2025. The company also reported a $91.2 million increase in cash during Q4 2026.
  • Share count reduction is supporting per-share results. Weighted average basic shares declined to approximately 126.8 million in Q3 2026 from 133.9 million in Q3 2025 and 139.5 million in Q3 2024. Continued repurchases can enhance EPS when operating results are growing.
  • Balance-sheet equity improved materially. Total shareholders’ equity was negative $24.4 million at March 31, 2026, compared with negative $192.8 million a year earlier and negative $772.7 million at December 31, 2024. Retained earnings also improved significantly from the prior year.
  • Results remain highly seasonal. H&R Block reported losses of $165.8 million in Q1 2025 and $242.2 million in Q2 2026, followed by substantial profits in Q3. Investors should focus on full-year cash flow and earnings rather than any single offseason quarter.
  • Debt remains a major balance-sheet burden. At March 31, 2026, long-term debt was $1.49 billion and capital lease obligations were $325.6 million. Although debt declined sharply from the December 2025 balance sheet, total liabilities still exceeded total assets, leaving common equity slightly negative.
  • Capital returns and debt activity consume substantial cash. In Q4 2026, H&R Block spent $100.2 million on share repurchases and $53.2 million on dividends. In Q3, the company repaid $2.36 billion of debt while issuing $1.40 billion of new debt. These actions support shareholder distributions and refinancing, but they also limit financial flexibility.

Overall, the financial trend is mixed but improving. H&R Block has produced stronger tax-season revenue, earnings and operating cash flow over the latest year, while its share count and negative equity position have improved. However, the company remains leveraged, highly seasonal and reliant on strong tax-season performance to fund dividends, buybacks and debt obligations.

08/28/26 09:29 PM ETAI Generated. May Contain Errors.

H&R Block Financials - Frequently Asked Questions

According to the most recent income statement we have on file, H&R Block's fiscal year ends in June. Their fiscal year 2026 ended on June 30, 2026.

H&R Block's net income appears to be on an upward trend, with a most recent value of $733.60 million in 2026, rising from $374.27 million in 2016. The previous period was $605.77 million in 2025. See H&R Block's forecast for analyst expectations on what's next for the company.

H&R Block's total operating income in 2026 was $907.69 million, based on the following breakdown:
  • Total Gross Profit: $1.75 billion
  • Total Operating Expenses: $841.30 million

Over the last 10 years, H&R Block's total revenue changed from $3.04 billion in 2016 to $3.95 billion in 2026, a change of 29.9%.

H&R Block's total liabilities were at $3.14 billion at the end of 2026, a 1.1% decrease from 2025, and a 11.1% increase since 2016.

In the past 10 years, H&R Block's cash and equivalents has ranged from $885.02 million in 2022 to $2.66 billion in 2020, and is currently $958.71 million as of their latest financial filing in 2026.

Over the last 10 years, H&R Block's book value per share changed from 0.10 in 2016 to 0.93 in 2026, a change of 799.9%.


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Financial statements for NYSE:HRB last updated on 8/14/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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