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H&R Block (HRB) Financials

H&R Block logo
$55.68 +0.79 (+1.44%)
Closing price 03:59 PM Eastern
Extended Trading
$55.62 -0.06 (-0.10%)
As of 06:38 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 4/30/2015 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
Net Income / (Loss) Attributable to Common Shareholders
-1,810 374 409 613 - -7.53 584 554 554 595
Consolidated Net Income / (Loss)
474 374 409 613 - -7.53 584 554 554 595
Net Income / (Loss) Continuing Operations
487 384 421 627 - 6.16 590 561 562 598
Total Pre-Tax Income
743 569 629 669 - -3.37 669 659 711 762
Total Operating Income
0.00 633 716 752 - 77 770 745 749 805
Total Gross Profit
-182 1,353 1,392 1,420 - 927 1,572 1,582 1,549 1,619
Total Revenue
3,079 3,038 3,036 3,160 - 2,640 3,414 3,463 3,472 3,610
Operating Revenue
2,651 2,654 3,036 3,160 - 2,640 3,414 3,463 3,472 3,610
Total Cost of Revenue
3,261 1,686 1,644 1,740 - 1,712 1,842 1,881 1,923 1,992
Operating Cost of Revenue
2,973 1,686 1,644 1,740 - 1,712 1,842 1,881 1,923 1,992
Total Operating Expenses
1,307 719 676 668 - 850 802 837 800 814
Selling, General & Admin Expense
985 719 676 668 - 744 802 837 800 814
Impairment Charge
0.00 - - 0.00 - 106 0.00 0.00 0.00 0.00
Total Other Income / (Expense), net
-52 -64 -87 -83 - -80 -101 -86 -37 -43
Interest Expense
45 69 93 89 - 96 107 88 73 79
Other Income / (Expense), net
-6.62 5.25 6.25 6.05 - 16 5.98 2.45 35 36
Income Tax Expense
256 186 208 42 - -9.53 79 98 149 164
Net Income / (Loss) Discontinued Operations
-13 -9.29 -12 -14 - -14 -6.42 -6.97 -8.10 -2.65
Basic Earnings per Share
$1.72 $1.50 $1.92 $2.93 - ($0.04) $3.11 $3.27 $3.58 $4.18
Weighted Average Basic Shares Outstanding
275.03M 249.01M 212.81M 208.82M 205.37M 192.48M 181.47M 159.95M 147.00M 139.59M
Diluted Earnings per Share
$1.71 $1.49 $1.91 $2.91 - ($0.04) $3.08 $3.22 $3.51 $4.12
Weighted Average Diluted Shares Outstanding
275.03M 249.01M 212.81M 208.82M 205.37M 192.48M 181.47M 159.95M 147.00M 139.59M
Weighted Average Basic & Diluted Shares Outstanding
275.03M 249.01M 212.81M 208.82M 205.37M 192.48M 181.47M 159.95M 147.00M 139.59M
Cash Dividends to Common per Share
$0.80 $0.80 $0.88 $0.96 $1.00 $1.04 $1.04 $1.08 $1.16 $1.28

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 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders
-168 -224 643 302 -163 -190 691 258 -173 -243 722
Consolidated Net Income / (Loss)
-168 -224 643 302 -163 -190 691 258 -173 -243 722
Net Income / (Loss) Continuing Operations
-167 -221 646 304 -163 -189 692 258 -171 -242 723
Total Pre-Tax Income
-221 -298 855 375 -212 -283 907 350 -232 -312 958
Total Operating Income
-209 -283 865 377 -206 -267 928 351 -228 -293 978
Total Gross Profit
-81 -132 1,210 551 -76 -121 1,259 556 -76 -135 1,308
Total Revenue
180 166 2,094 1,032 184 179 2,185 1,063 194 179 2,277
Operating Revenue
180 166 2,094 1,032 184 179 2,185 1,063 194 179 2,277
Total Cost of Revenue
261 298 884 481 259 300 926 506 270 314 969
Operating Cost of Revenue
261 298 884 481 259 300 926 506 270 314 969
Total Operating Expenses
128 151 345 175 131 147 331 205 153 158 329
Selling, General & Admin Expense
128 151 345 175 131 147 331 205 153 158 329
Total Other Income / (Expense), net
-12 -15 -9.07 -1.40 -6.03 -15 -21 -0.63 -3.93 -19 -20
Interest Expense
16 19 22 16 16 21 26 16 16 22 25
Other Income / (Expense), net
3.61 4.19 13 14 9.84 5.92 5.22 15 12 2.74 4.55
Income Tax Expense
-54 -77 209 71 -49 -94 216 92 -61 -70 235
Net Income / (Loss) Discontinued Operations
-1.05 -2.72 -2.65 -1.68 -0.61 -0.64 -0.85 -0.55 -1.16 -0.95 -0.60
Basic Earnings per Share
($1.06) ($1.45) $4.21 $1.88 ($1.12) ($1.33) $4.93 $1.70 ($1.24) ($1.80) $5.37
Weighted Average Basic Shares Outstanding
155.47M 152.28M 152.28M 147.00M 143.93M 139.52M 139.53M 139.59M 137.05M 133.85M 133.88M
Diluted Earnings per Share
- - $4.12 - - - $4.86 - - - $5.31
Weighted Average Diluted Shares Outstanding
155.47M 152.28M 152.28M 147.00M 143.93M 139.52M 139.53M 139.59M 137.05M 133.85M 133.88M
Weighted Average Basic & Diluted Shares Outstanding
155.47M 152.28M 152.28M 147.00M 143.93M 139.52M 139.53M 139.59M 137.05M 133.85M 133.88M
Cash Dividends to Common per Share
$0.29 $0.29 $0.29 $0.29 $0.32 $0.32 $0.32 $0.32 $0.38 $0.38 $0.38

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 4/30/2015 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
Net Change in Cash & Equivalents
-178 -1,098 121 546 44 1,165 -1,810 -533 -35 60
Net Cash From Operating Activities
627 545 552 850 607 109 626 809 822 721
Net Cash From Continuing Operating Activities
627 545 552 850 607 109 626 809 822 721
Net Income / (Loss) Continuing Operations
474 374 409 613 423 -7.53 584 554 554 595
Consolidated Net Income / (Loss)
474 374 409 613 423 -7.53 584 554 554 595
Depreciation Expense
160 174 182 183 167 170 157 142 131 122
Non-Cash Adjustments To Reconcile Net Income
101 99 72 96 94 202 79 48 133 76
Changes in Operating Assets and Liabilities, net
-108 -102 -111 -43 -77 -255 -194 65 4.45 -72
Net Cash From Investing Activities
-149 330 99 -112 -155 -470 -46 -77 -101 -94
Net Cash From Continuing Investing Activities
-149 330 99 -112 -155 -470 -46 -77 -101 -94
Purchase of Property, Plant & Equipment
-123 -100 -89 -99 -95 -82 -53 -62 -70 -64
Acquisitions
-113 -89 -55 -43 -44 -450 -16 -36 -48 -43
Other Investing Activities, net
54 43 36 29 -16 62 23 21 17 13
Net Cash From Financing Activities
-646 -1,962 -530 -191 -404 1,532 -2,409 -1,257 -751 -564
Net Cash From Continuing Financing Activities
-646 -1,962 -530 -191 -404 1,532 -2,409 -1,257 -751 -564
Repayment of Debt
-1,453 -1,484 -1,723 -839 -731 -1,344 -3,948 -1,213 -974 -1,030
Repurchase of Common Equity
-10 -2,018 -323 -9.15 -190 -256 -191 -563 -569 -380
Payment of Dividends
-220 -202 -187 -200 -205 -205 -195 -186 -178 -180
Issuance of Debt
1,049 2,462 1,700 830 720 3,335 1,923 705 970 1,025
Effect of Exchange Rate Changes
-9.99 -11 - -1.14 -3.66 -5.29 18 -8.10 -4.86 -2.81
Cash Interest Paid
45 59 87 84 82 87 104 82 70 76
Cash Income Taxes Paid
237 165 164 8.28 133 89 236 32 -46 131

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 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents
-619 -139 642 81 -558 -119 474 262 -636 -97 448
Net Cash From Operating Activities
-322 -459 1,279 323 -335 -607 1,362 301 -329 -567 1,325
Net Cash From Continuing Operating Activities
-322 -459 1,279 323 -335 -607 1,362 301 -329 -567 1,325
Net Income / (Loss) Continuing Operations
-168 -224 643 302 -163 -190 691 258 -173 -243 722
Consolidated Net Income / (Loss)
-168 -224 643 302 -163 -190 691 258 -173 -243 722
Depreciation Expense
34 33 32 32 30 30 31 31 29 29 29
Non-Cash Adjustments To Reconcile Net Income
26 50 -0.05 57 -29 33 25 47 29 8.38 32
Changes in Operating Assets and Liabilities, net
-213 -318 603 -68 -173 -480 616 -35 -214 -361 542
Net Cash From Investing Activities
-37 -62 -2.20 -0.10 -24 -47 -29 5.79 -26 -61 -23
Net Cash From Continuing Investing Activities
-37 -62 -2.20 -0.10 -24 -47 -29 5.79 -26 -61 -23
Purchase of Property, Plant & Equipment
-16 -25 -15 -13 -13 -20 -21 -9.85 -19 -30 -23
Acquisitions
-17 -23 -7.98 -0.51 -6.92 -20 -16 -0.20 -5.90 -22 -7.31
Other Investing Activities, net
-4.69 -13 21 13 -4.06 -7.12 8.53 16 -1.76 -8.60 6.58
Net Cash From Financing Activities
-247 376 -634 -245 -195 531 -856 -44 -284 543 -854
Net Cash From Continuing Financing Activities
-247 376 -634 -245 -195 531 -856 -44 -284 543 -854
Repayment of Debt
-0.96 -165 -810 1.86 -1.80 -19 -1,010 1.39 -1.42 -97 -1,864
Repurchase of Common Equity
-203 -163 -0.22 -203 -150 -228 -0.31 -0.55 -238 -198 -0.28
Payment of Dividends
-43 -46 -45 -44 -43 -47 -45 -45 -45 -52 -50
Issuance of Debt
- - 220 - - - 200 - - - 1,060
Effect of Exchange Rate Changes
-13 5.63 - - -3.68 4.35 -3.41 -0.08 3.25 -12 0.71
Cash Interest Paid
20 -20 - 70 20 -20 31 9.23 20 14 30
Cash Income Taxes Paid
-30 30 - -46 58 -58 -36 95 48 14 3.22

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 4/30/2015 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
Total Assets
4,515 2,847 2,694 3,141 3,300 5,112 4,014 3,269 3,072 3,219
Total Current Assets
2,951 1,221 1,346 1,892 1,993 3,087 2,080 1,384 1,187 1,239
Cash & Equivalents
2,007 897 1,011 1,545 1,572 2,662 1,434 885 987 1,053
Restricted Cash
92 104 106 119 136 211 150 166 28 22
Accounts Receivable
168 153 163 147 139 133 89 58 60 69
Prepaid Expenses
70 67 66 81 147 52 76 72 112 95
Plant, Property, & Equipment, net
311 294 264 232 212 184 139 124 130 131
Total Noncurrent Assets
1,253 1,333 1,106 1,017 1,094 1,841 1,795 1,761 1,755 1,848
Goodwill
442 471 491 508 520 712 755 760 775 785
Intangible Assets
432 434 409 374 342 415 351 310 277 264
Noncurrent Deferred & Refundable Income Taxes
13 120 84 34 142 151 182 209 211 272
Other Noncurrent Operating Assets
126 106 100 101 90 563 507 482 491 527
Total Liabilities & Shareholders' Equity
4,515 2,847 2,694 3,141 3,300 5,112 4,014 3,269 3,072 3,219
Total Liabilities
2,682 2,824 2,755 2,747 2,758 5,041 3,626 3,058 3,040 3,128
Total Current Liabilities
1,878 1,040 939 844 923 1,576 982 999 939 977
Short-Term Debt
0.79 0.83 0.98 1.03 0.00 649 0.00 0.00 0.00 0.00
Accounts Payable
- 260 217 252 250 203 164 161 160 156
Current Deferred & Payable Income Tax Liabilities
435 374 348 263 272 210 239 280 272 319
Current Employee Benefit Liabilities
145 162 184 141 197 116 169 155 95 106
Other Current Liabilities
323 244 189 186 205 397 410 403 412 397
Total Noncurrent Liabilities
804 1,785 1,816 1,904 1,835 3,465 2,644 2,059 2,101 2,151
Long-Term Debt
505 1,491 1,493 1,495 1,493 2,846 1,984 1,487 1,489 1,491
Capital Lease Obligations
- - - - 0.00 313 245 229 241 265
Noncurrent Deferred & Payable Income Tax Liabilities
143 133 159 229 198 182 302 226 265 291
Other Noncurrent Operating Liabilities
156 160 164 180 145 125 114 117 107 103
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
1,833 23 -61 394 542 71 388 212 32 91
Total Preferred & Common Equity
1,833 23 -61 394 542 71 388 212 32 91
Total Common Equity
1,833 23 -61 394 542 71 388 212 32 91
Common Stock
787 761 757 763 770 778 782 774 772 764
Retained Earnings
1,836 40 -48 363 499 43 287 120 -49 13
Treasury Stock
-792 -767 -755 -718 -707 -698 -680 -661 -654 -638
Accumulated Other Comprehensive Income / (Loss)
1.74 -11 -15 -14 -20 -52 0.09 -22 -37 -49

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 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 3/31/2022 9/30/2022 12/31/2022 3/31/2023 9/30/2023 12/31/2023 3/31/2024 9/30/2024 12/31/2024 3/31/2025
Total Assets
3,781 2,559 2,593 3,158 2,511 2,776 3,213 2,550 2,712 3,245
Total Current Assets
1,868 724 776 1,303 632 899 1,265 612 777 1,247
Cash & Equivalents
1,042 323 264 909 427 321 795 416 320 773
Restricted Cash
135 109 28 25 31 17 18 23 21 17
Accounts Receivable
262 61 329 249 60 397 347 70 321 352
Prepaid Expenses
89 78 108 87 72 89 106 103 115 104
Plant, Property, & Equipment, net
133 128 137 136 132 137 140 136 144 146
Total Noncurrent Assets
1,780 1,707 1,681 1,719 1,748 1,740 1,808 1,803 1,791 1,852
Goodwill
764 747 765 770 771 789 788 792 783 786
Intangible Assets
323 303 305 293 268 275 277 256 271 270
Noncurrent Deferred & Refundable Income Taxes
237 194 182 227 249 239 288 261 282 309
Other Noncurrent Operating Assets
456 463 429 429 461 437 456 493 456 487
Total Liabilities & Shareholders' Equity
3,781 2,559 2,593 3,158 2,511 2,776 3,213 2,550 2,712 3,245
Total Liabilities
3,736 2,824 3,237 3,194 2,856 3,549 3,343 2,918 3,585 3,438
Total Current Liabilities
1,693 790 646 1,116 793 746 1,244 796 1,059 1,590
Short-Term Debt
499 0.00 0.00 0.00 0.00 0.00 0.00 0.00 350 350
Accounts Payable
226 168 137 236 150 143 247 162 137 244
Current Deferred & Payable Income Tax Liabilities
337 188 74 284 206 151 352 205 149 347
Current Employee Benefit Liabilities
227 56 68 209 52 66 239 58 65 270
Other Current Liabilities
403 377 367 387 385 385 406 371 359 380
Total Noncurrent Liabilities
2,043 2,034 2,591 2,079 2,063 2,803 2,100 2,122 2,525 1,848
Long-Term Debt
1,487 1,487 2,068 1,488 1,490 2,290 1,491 1,492 1,933 1,143
Capital Lease Obligations
211 223 205 199 224 209 215 247 228 253
Noncurrent Deferred & Payable Income Tax Liabilities
218 229 231 256 266 235 278 296 293 338
Other Noncurrent Operating Liabilities
128 94 86 135 84 69 116 87 72 115
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
45 -265 -643 -36 -345 -773 -130 -368 -872 -193
Total Preferred & Common Equity
45 -265 -643 -36 -345 -773 -130 -368 -872 -193
Total Common Equity
45 -265 -643 -36 -345 -773 -130 -368 -872 -193
Common Stock
770 762 770 777 742 748 755 746 754 760
Retained Earnings
-57 -312 -708 -109 -394 -846 -200 -425 -909 -237
Treasury Stock
-664 -661 -660 -660 -645 -638 -638 -647 -646 -645
Accumulated Other Comprehensive Income / (Loss)
-3.84 -54 -45 -44 -48 -36 -46 -43 -72 -71

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 4/30/2015 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
Growth Metrics
- - - - - - - - - -
Revenue Growth
1.80% -1.32% -0.06% 4.07% 0.00% 0.00% 29.33% 1.44% 0.26% 3.98%
EBITDA Growth
-83.67% 430.09% 11.37% 4.09% -82.29% 57.33% 255.55% -4.60% 2.83% 5.30%
EBIT Growth
-100.80% 9,751.41% 13.13% 4.97% -100.00% 0.00% 736.50% -3.64% 4.93% 7.30%
NOPAT Growth
-100.00% 0.00% 12.30% 47.21% -100.00% 0.00% 1,158.86% -6.71% -6.67% 6.81%
Net Income Growth
-0.31% -20.98% 9.27% 49.93% 0.00% 0.00% 7,856.99% -5.16% 0.00% 7.52%
EPS Growth
-0.58% -12.87% 28.19% 52.36% 0.00% 0.00% 7,800.00% 4.55% 9.01% 17.38%
Operating Cash Flow Growth
-22.60% -13.10% 1.40% 53.93% -28.64% -82.04% 474.45% 29.17% 1.65% -12.29%
Free Cash Flow Firm Growth
-110.01% -368.93% 328.19% 24.33% -112.35% -823.32% 202.91% -17.53% -8.59% -16.03%
Invested Capital Growth
23.50% 357.52% -34.52% -33.01% 44.65% 301.54% -21.22% -15.10% -14.87% 3.43%
Revenue Q/Q Growth
-8.89% -0.43% 1.01% 2.10% 0.00% 0.00% -21.90% 1.08% -0.51% 0.85%
EBITDA Q/Q Growth
-92.23% 2,523.56% 9.11% 1.61% -81.51% 57.90% -36.91% 25.13% 9.07% -2.64%
EBIT Q/Q Growth
-100.34% 795.87% 10.97% 2.50% -100.00% 0.00% -41.10% 32.60% 11.19% -2.89%
NOPAT Q/Q Growth
-100.00% 755.66% 23.83% 132.90% -100.00% 0.00% -33.05% -8.87% 12.84% -7.01%
Net Income Q/Q Growth
-26.54% -9.26% 25.35% 141.80% 0.00% 0.00% -37.41% 25.12% 16.78% -6.95%
EPS Q/Q Growth
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
-8.22% 21.86% -1.68% 40.65% -29.49% -77.59% -69.88% 62.45% -11.99% -3.07%
Free Cash Flow Firm Q/Q Growth
-103.74% 79.18% -7.03% 67.48% -113.51% -19.20% -46.20% -21.38% -17.22% -4.26%
Invested Capital Q/Q Growth
-139.63% -71.75% -77.56% -82.86% -75.97% -38.71% -24.83% -17.66% 4.11% 1.15%
Profitability Metrics
- - - - - - - - - -
Gross Margin
-5.92% 44.52% 45.84% 44.94% 0.00% 35.13% 46.04% 45.68% 44.60% 44.84%
EBITDA Margin
4.98% 26.73% 29.79% 29.79% 0.00% 9.94% 27.31% 25.68% 26.34% 26.68%
Operating Margin
0.00% 20.84% 23.58% 23.80% 0.00% 2.92% 22.54% 21.51% 21.56% 22.30%
EBIT Margin
-0.21% 21.01% 23.79% 23.99% 0.00% 3.51% 22.72% 21.58% 22.58% 23.31%
Profit (Net Income) Margin
15.39% 12.32% 13.47% 19.40% 0.00% -0.29% 17.10% 15.99% 15.95% 16.49%
Tax Burden Percent
63.77% 65.72% 64.99% 91.69% 0.00% 223.06% 87.30% 84.01% 77.85% 78.09%
Interest Burden Percent
-11,229.10% 89.20% 87.13% 88.21% 0.00% -3.64% 86.22% 88.19% 90.69% 90.60%
Effective Tax Rate
34.47% 32.65% 33.11% 6.25% 0.00% 0.00% 11.74% 14.93% 21.01% 21.56%
Return on Invested Capital (ROIC)
0.00% 271.08% 112.52% 250.67% 0.00% 6.59% 57.97% 66.38% 72.88% 83.21%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 277.85% 96.78% 170.67% 0.00% -5.41% 47.84% 54.16% 67.42% 78.01%
Return on Net Nonoperating Assets (RNNOA)
0.00% -230.75% -2,277.40% 117.78% 0.00% -9.05% 196.35% 118.27% 381.54% 887.48%
Return on Equity (ROE)
27.95% 40.33% -2,164.88% 368.45% 0.00% -2.46% 254.32% 184.65% 454.42% 970.69%
Cash Return on Invested Capital (CROIC)
0.00% -55.93% 154.23% 290.20% -36.50% -113.65% 81.72% 82.72% 88.95% 79.84%
Operating Return on Assets (OROA)
-0.14% 17.34% 26.07% 25.98% 0.00% 2.20% 17.00% 20.52% 24.73% 26.75%
Return on Assets (ROA)
10.29% 10.17% 14.76% 21.02% 0.00% -0.18% 12.79% 15.20% 17.46% 18.93%
Return on Common Equity (ROCE)
27.95% 40.33% -2,164.88% 368.45% 0.00% -2.46% 254.32% 184.65% 454.42% 970.69%
Return on Equity Simple (ROE_SIMPLE)
25.84% 1,619.99% -671.69% 155.74% 0.00% -10.59% 150.44% 261.62% 1,726.86% 657.13%
Net Operating Profit after Tax (NOPAT)
0.00 426 479 705 0.00 54 679 634 591 632
NOPAT Margin
0.00% 14.04% 15.77% 22.31% 0.00% 2.04% 19.90% 18.30% 17.03% 17.50%
Net Nonoperating Expense Percent (NNEP)
24.60% -6.77% 15.74% 79.99% 0.00% 12.00% 10.13% 12.22% 5.47% 5.21%
Cost of Revenue to Revenue
105.92% 55.48% 54.16% 55.06% 0.00% 64.87% 53.96% 54.32% 55.40% 55.16%
SG&A Expenses to Revenue
32.01% 23.68% 22.26% 21.14% 0.00% 28.20% 23.50% 24.17% 23.04% 22.53%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
42.45% 23.68% 22.26% 21.14% 0.00% 32.21% 23.50% 24.17% 23.04% 22.53%
Earnings before Interest and Taxes (EBIT)
-6.62 638 722 758 0.00 93 776 747 784 841
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
153 812 904 941 167 262 932 890 915 963
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
3.18 141.21 0.00 11.36 8.22 38.00 9.32 25.11 147.18 83.52
Price to Tangible Book Value (P/TBV)
6.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
1.89 1.07 1.26 1.42 0.00 1.02 1.06 1.53 1.36 2.10
Price to Earnings (P/E)
0.00 8.72 9.38 7.30 0.00 0.00 6.20 9.60 8.52 12.71
Dividend Yield
3.78% 5.50% 4.75% 4.49% 4.57% 7.42% 5.22% 4.05% 3.74% 2.36%
Earnings Yield
0.00% 11.47% 10.66% 13.70% 0.00% 0.00% 16.14% 10.42% 11.73% 7.87%
Enterprise Value to Invested Capital (EV/IC)
0.00 7.30 12.50 19.08 12.98 2.77 4.13 6.82 7.28 10.69
Enterprise Value to Revenue (EV/Rev)
1.23 1.24 1.39 1.36 0.00 1.38 1.25 1.73 1.56 2.28
Enterprise Value to EBITDA (EV/EBITDA)
24.80 4.62 4.66 4.57 25.41 13.86 4.57 6.72 5.94 8.56
Enterprise Value to EBIT (EV/EBIT)
0.00 5.88 5.83 5.68 0.00 39.20 5.50 8.00 6.93 9.80
Enterprise Value to NOPAT (EV/NOPAT)
0.00 8.80 8.79 6.11 0.00 67.36 6.28 9.44 9.19 13.06
Enterprise Value to Operating Cash Flow (EV/OCF)
6.06 6.89 7.63 5.07 6.98 33.36 6.81 7.40 6.61 11.44
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 6.42 5.28 0.00 0.00 4.45 7.57 7.53 13.61
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.28 64.59 -24.54 3.80 2.76 53.60 5.74 8.11 53.94 19.39
Long-Term Debt to Equity
0.28 64.55 -24.52 3.80 2.76 44.46 5.74 8.11 53.94 19.39
Financial Leverage
-1.14 -0.83 -23.53 0.69 -0.41 1.67 4.10 2.18 5.66 11.38
Leverage Ratio
2.72 3.97 -146.67 17.53 6.89 13.73 19.88 12.15 26.02 51.29
Compound Leverage Factor
-305.08 3.54 -127.80 15.47 0.00 -0.50 17.14 10.71 23.60 46.47
Debt to Total Capital
21.64% 98.48% 104.25% 79.16% 73.38% 98.17% 85.17% 89.02% 98.18% 95.10%
Short-Term Debt to Total Capital
0.03% 0.05% 0.07% 0.05% 0.00% 16.74% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
21.60% 98.42% 104.18% 79.11% 73.38% 81.43% 85.17% 89.02% 98.18% 95.10%
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%
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%
Common Equity to Total Capital
78.36% 1.52% -4.25% 20.84% 26.62% 1.83% 14.83% 10.98% 1.82% 4.90%
Debt to EBITDA
3.30 1.84 1.65 1.59 8.95 14.52 2.39 1.93 1.89 1.82
Net Debt to EBITDA
-13.27 0.61 0.42 -0.18 -1.29 3.56 0.69 0.75 0.78 0.71
Long-Term Debt to EBITDA
3.30 1.84 1.65 1.59 8.95 12.04 2.39 1.93 1.89 1.82
Debt to NOPAT
0.00 3.50 3.12 2.12 0.00 70.57 3.28 2.71 2.92 2.78
Net Debt to NOPAT
0.00 1.15 0.79 -0.24 0.00 17.32 0.95 1.05 1.21 1.08
Long-Term Debt to NOPAT
0.00 3.50 3.12 2.12 0.00 58.54 3.28 2.71 2.92 2.78
Altman Z-Score
2.84 2.60 3.00 3.34 1.57 1.26 2.51 3.05 2.98 3.54
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.57 1.17 1.43 2.24 2.16 1.96 2.12 1.39 1.26 1.27
Quick Ratio
1.39 1.01 1.25 2.01 1.85 1.77 1.55 0.94 1.12 1.15
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-61 -288 656 816 -101 -930 957 790 722 606
Operating Cash Flow to CapEx
508.78% 544.97% 618.67% 862.22% 635.18% 133.39% 1,185.65% 1,305.04% 1,179.15% 1,132.04%
Free Cash Flow to Firm to Interest Expense
-1.36 -4.17 7.06 9.13 0.00 -9.68 8.96 8.94 9.89 7.66
Operating Cash Flow to Interest Expense
13.85 7.90 5.94 9.51 0.00 1.13 5.86 9.16 11.26 9.12
Operating Cash Flow Less CapEx to Interest Expense
11.13 6.45 4.98 8.41 0.00 0.28 5.36 8.46 10.31 8.31
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.67 0.83 1.10 1.08 0.00 0.63 0.75 0.95 1.10 1.15
Accounts Receivable Turnover
17.12 18.92 19.22 20.42 0.00 19.40 30.74 47.00 58.63 55.95
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
9.99 10.04 10.89 12.75 0.00 13.32 21.10 26.32 27.35 27.63
Accounts Payable Turnover
0.00 0.00 6.90 7.42 0.00 7.57 10.03 11.57 11.99 12.62
Days Sales Outstanding (DSO)
21.32 19.29 18.99 17.88 0.00 18.82 11.87 7.77 6.23 6.52
Days Inventory Outstanding (DIO)
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 0.00 52.90 49.20 0.00 48.24 36.40 31.55 30.44 28.93
Cash Conversion Cycle (CCC)
21.32 19.29 -33.91 -31.32 0.00 -29.43 -24.52 -23.78 -24.22 -22.41
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
-200 514 337 226 326 1,311 1,033 877 746 772
Invested Capital Turnover
-13.36 19.31 7.13 11.24 0.00 3.22 2.91 3.63 4.28 4.76
Increase / (Decrease) in Invested Capital
61 714 -178 -111 101 984 -278 -156 -130 26
Enterprise Value (EV)
3,799 3,754 4,211 4,306 4,235 3,634 4,263 5,979 5,433 8,248
Market Capitalization
5,832 3,262 3,835 4,474 4,451 2,700 3,618 5,314 4,719 7,567
Book Value per Share
$6.66 $0.10 ($0.29) $1.88 $2.66 $0.37 $2.14 $1.33 $0.21 $0.65
Tangible Book Value per Share
$3.48 ($3.93) ($4.64) ($2.33) ($1.58) ($5.49) ($3.96) ($5.38) ($6.70) ($6.87)
Total Capital
2,339 1,515 1,433 1,889 2,034 3,879 2,617 1,927 1,762 1,847
Total Debt
506 1,492 1,494 1,496 1,493 3,808 2,229 1,716 1,730 1,756
Total Long-Term Debt
505 1,491 1,493 1,495 1,493 3,158 2,229 1,716 1,730 1,756
Net Debt
-2,033 491 376 -168 -215 935 644 665 714 681
Capital Expenditures (CapEx)
123 100 89 99 95 82 53 62 70 64
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-1,465 -819 -710 -615 -637 -713 -486 -665 -767 -813
Debt-free Net Working Capital (DFNWC)
1,074 182 408 1,049 1,070 2,161 1,098 386 249 262
Net Working Capital (NWC)
1,073 181 407 1,048 1,070 1,511 1,098 386 249 262
Net Nonoperating Expense (NNE)
-474 52 70 92 0.00 61 95 80 38 36
Net Nonoperating Obligations (NNO)
-2,033 491 398 -168 -215 1,240 644 665 714 681
Total Depreciation and Amortization (D&A)
160 174 182 183 167 170 157 142 131 122
Debt-free, Cash-free Net Working Capital to Revenue
-47.59% -26.96% -23.38% -19.45% 0.00% -26.99% -14.24% -19.20% -22.08% -22.52%
Debt-free Net Working Capital to Revenue
34.88% 5.98% 13.43% 33.20% 0.00% 81.85% 32.16% 11.14% 7.16% 7.26%
Net Working Capital to Revenue
34.85% 5.96% 13.40% 33.17% 0.00% 57.25% 32.16% 11.14% 7.16% 7.26%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$1.72 $1.50 $1.92 $2.93 $2.05 ($0.04) $0.00 $3.27 $3.58 $4.18
Adjusted Weighted Average Basic Shares Outstanding
275.29M 220.52M 207.18M 209.26M 201.96M 192.48M 181.47M 159.95M 147.00M 139.59M
Adjusted Diluted Earnings per Share
$1.71 $1.49 $1.91 $2.91 $2.04 ($0.04) $0.00 $3.22 $3.51 $4.12
Adjusted Weighted Average Diluted Shares Outstanding
275.29M 220.52M 207.18M 209.26M 201.96M 192.48M 181.47M 159.95M 147.00M 139.59M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 ($0.04) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
275.29M 220.52M 207.18M 209.26M 201.96M 192.48M 181.47M 159.95M 147.00M 139.59M
Normalized Net Operating Profit after Tax (NOPAT)
0.00 426 479 705 0.00 128 679 634 591 632
Normalized NOPAT Margin
0.00% 14.04% 15.77% 22.31% 0.00% 4.86% 19.90% 18.30% 17.03% 17.50%
Pre Tax Income Margin
24.13% 18.74% 20.73% 21.16% 0.00% -0.13% 19.59% 19.03% 20.48% 21.11%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
-0.15 9.26 7.77 8.48 0.00 0.96 7.26 8.47 10.75 10.64
NOPAT to Interest Expense
0.00 6.18 5.15 7.89 0.00 0.56 6.36 7.18 8.10 7.99
EBIT Less CapEx to Interest Expense
-2.87 7.81 6.81 7.38 0.00 0.11 6.76 7.76 9.79 9.83
NOPAT Less CapEx to Interest Expense
-2.72 4.74 4.19 6.79 0.00 -0.29 5.86 6.48 7.15 7.18
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
46.44% 53.89% 45.76% 32.70% 0.00% -2,722.16% 33.41% 33.68% 32.13% 30.20%
Augmented Payout Ratio
48.64% 593.17% 124.70% 34.19% 0.00% -6,126.55% 66.18% 135.40% 134.89% 93.96%

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 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-6.56% 4.78% 1.55% -1.71% 2.12% 7.62% 4.36% 2.95% 5.45% -0.01% 4.22%
EBITDA Growth
-23.85% -2.54% -1.27% 21.93% 3.26% 6.05% 5.94% -6.17% -12.82% -12.94% 4.98%
EBIT Growth
-17.77% -1.15% -0.89% 25.29% 4.38% 6.27% 6.35% -6.40% -10.14% -11.10% 5.30%
NOPAT Growth
-19.65% -2.13% -5.83% 27.87% 1.33% 5.57% 8.35% -15.16% -10.67% -9.67% 4.33%
Net Income Growth
-11.09% -17.30% -4.42% 35.73% 2.93% 15.13% 7.35% -14.71% -5.56% -28.28% 4.57%
EPS Growth
0.00% 0.00% 1.73% 0.00% 0.00% 0.00% 17.96% 0.00% 0.00% 0.00% 9.26%
Operating Cash Flow Growth
-2.89% 23.66% -0.61% -25.71% -4.14% -32.34% 6.54% -7.07% 1.91% 6.61% -2.75%
Free Cash Flow Firm Growth
-725.48% 115.87% -0.17% 10.37% 78.07% -320.78% -33.93% -46.44% -329.58% 52.15% 11.67%
Invested Capital Growth
4.61% -18.61% -32.67% -14.87% -10.11% 3.75% 6.45% 3.43% 2.21% -6.61% -0.04%
Revenue Q/Q Growth
-82.86% -7.55% 1,158.16% -50.70% -82.19% -2.57% 1,120.01% -51.36% -81.76% -7.61% 1,171.63%
EBITDA Q/Q Growth
-149.56% -43.30% 469.49% -53.54% -139.32% -39.18% 516.63% -58.85% -147.28% -39.33% 487.25%
EBIT Q/Q Growth
-165.85% -35.78% 414.58% -55.46% -150.26% -33.09% 456.94% -60.79% -159.13% -34.26% 438.28%
NOPAT Q/Q Growth
-161.35% -35.43% 429.36% -53.27% -147.34% -29.62% 477.92% -63.41% -161.75% -28.45% 459.52%
Net Income Q/Q Growth
-175.63% -32.75% 387.79% -53.02% -154.08% -16.07% 464.02% -62.68% -166.94% -41.05% 396.74%
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
-173.88% -42.63% 378.74% -74.71% -203.57% -81.25% 324.39% -77.94% -209.31% -72.58% 333.66%
Free Cash Flow Firm Q/Q Growth
-148.44% 156.27% 830.56% -56.49% -109.62% -466.63% 378.50% -64.73% -177.18% 36.88% 749.91%
Invested Capital Q/Q Growth
15.67% 31.93% -46.41% 4.11% 22.13% 52.28% -45.02% 1.15% 20.69% 39.14% -41.15%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
-44.82% -79.29% 57.79% 53.42% -41.11% -67.42% 57.62% 52.35% -39.10% -75.47% 57.43%
EBITDA Margin
-95.49% -148.01% 43.47% 40.97% -90.46% -129.22% 44.13% 37.34% -96.79% -145.95% 44.45%
Operating Margin
-116.18% -170.19% 41.29% 36.48% -112.26% -149.33% 42.48% 33.02% -117.81% -163.79% 42.96%
EBIT Margin
-114.18% -167.67% 41.92% 37.88% -106.90% -146.03% 42.72% 34.44% -111.66% -162.25% 43.16%
Profit (Net Income) Margin
-93.58% -134.36% 30.73% 29.29% -88.95% -105.96% 31.62% 24.26% -89.04% -135.94% 31.72%
Tax Burden Percent
76.10% 75.03% 75.22% 80.58% 76.98% 67.08% 76.13% 73.62% 74.30% 77.94% 75.39%
Interest Burden Percent
107.70% 106.80% 97.46% 95.94% 108.08% 108.17% 97.21% 95.69% 107.32% 107.49% 97.49%
Effective Tax Rate
0.00% 0.00% 24.47% 18.97% 0.00% 0.00% 23.78% 26.22% 0.00% 0.00% 24.55%
Return on Invested Capital (ROIC)
-283.01% -276.39% 122.20% 126.48% -283.72% -267.60% 156.66% 115.85% -323.99% -309.28% 157.74%
ROIC Less NNEP Spread (ROIC-NNEP)
-284.98% -277.66% 121.13% 126.07% -285.23% -267.72% 154.63% 115.71% -324.99% -311.04% 156.03%
Return on Net Nonoperating Assets (RNNOA)
2,550.63% 1,092.27% 25,372.44% 713.51% 1,185.71% 783.01% -1,531.49% 1,316.40% 1,165.12% 818.53% -893.94%
Return on Equity (ROE)
2,267.62% 815.88% 25,494.64% 839.99% 901.98% 515.40% -1,374.82% 1,432.25% 841.12% 509.25% -736.20%
Cash Return on Invested Capital (CROIC)
56.78% 58.53% 97.89% 88.95% 72.03% 42.11% 85.55% 79.84% 65.29% 49.26% 78.67%
Operating Return on Assets (OROA)
-132.94% -203.70% 42.17% 41.48% -146.58% -189.75% 48.01% 39.53% -159.75% -214.05% 49.63%
Return on Assets (ROA)
-108.95% -163.22% 30.91% 32.07% -121.96% -137.69% 35.53% 27.85% -127.39% -179.33% 36.47%
Return on Common Equity (ROCE)
2,267.62% 815.88% 25,494.64% 839.99% 901.98% 515.40% -1,374.82% 1,432.25% 841.12% 509.25% -736.20%
Return on Equity Simple (ROE_SIMPLE)
-202.60% -78.31% -1,302.85% 0.00% -161.98% -76.68% -492.87% 0.00% -159.27% -61.04% -292.55%
Net Operating Profit after Tax (NOPAT)
-146 -198 653 305 -144 -187 707 259 -160 -205 738
NOPAT Margin
-81.33% -119.13% 31.19% 29.56% -78.58% -104.53% 32.38% 24.36% -82.47% -114.65% 32.41%
Net Nonoperating Expense Percent (NNEP)
1.97% 1.27% 1.07% 0.41% 1.50% 0.12% 2.03% 0.15% 1.00% 1.76% 1.71%
Return On Investment Capital (ROIC_SIMPLE)
- - - - - -10.85% - - - -12.54% 47.54%
Cost of Revenue to Revenue
144.82% 179.29% 42.21% 46.58% 141.11% 167.42% 42.38% 47.65% 139.10% 175.47% 42.57%
SG&A Expenses to Revenue
71.36% 90.90% 16.50% 16.94% 71.15% 81.91% 15.13% 19.33% 78.72% 88.32% 14.47%
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
71.36% 90.90% 16.50% 16.94% 71.15% 81.91% 15.13% 19.33% 78.72% 88.32% 14.47%
Earnings before Interest and Taxes (EBIT)
-206 -279 878 391 -196 -262 933 366 -216 -291 983
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-172 -246 910 423 -166 -231 964 397 -188 -261 1,012
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
0.00 0.00 0.00 147.18 0.00 0.00 0.00 83.52 0.00 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)
1.87 1.57 1.48 1.36 1.77 1.95 1.90 2.10 2.45 2.00 1.98
Price to Earnings (P/E)
12.03 10.76 10.91 8.52 11.04 11.46 10.64 12.71 15.13 13.60 13.03
Dividend Yield
2.72% 3.21% 3.36% 3.74% 2.84% 2.59% 2.56% 2.36% 2.10% 2.63% 2.63%
Earnings Yield
8.31% 9.29% 9.17% 11.73% 9.06% 8.73% 9.40% 7.87% 6.61% 7.35% 7.68%
Enterprise Value to Invested Capital (EV/IC)
7.63 5.54 8.26 7.28 8.15 6.45 10.09 10.69 10.92 7.26 10.89
Enterprise Value to Revenue (EV/Rev)
2.24 2.14 1.70 1.56 2.14 2.57 2.15 2.28 2.81 2.60 2.24
Enterprise Value to EBITDA (EV/EBITDA)
9.03 8.71 7.06 5.94 8.07 9.57 7.79 8.56 10.80 10.32 8.65
Enterprise Value to EBIT (EV/EBIT)
10.80 10.38 8.40 6.93 9.36 11.04 8.89 9.80 12.38 11.88 9.87
Enterprise Value to NOPAT (EV/NOPAT)
12.73 13.07 11.30 9.19 12.57 14.34 11.34 13.06 16.36 16.52 13.85
Enterprise Value to Operating Cash Flow (EV/OCF)
9.68 7.86 6.34 6.61 9.18 13.56 10.36 11.44 13.99 12.26 11.38
Enterprise Value to Free Cash Flow (EV/FCFF)
13.74 8.49 6.79 7.53 10.71 15.60 12.17 13.61 16.90 14.23 13.84
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
-6.45 -3.53 -46.37 53.94 -4.97 -3.23 -13.14 19.39 -4.72 -2.88 -9.05
Long-Term Debt to Equity
-6.45 -3.53 -46.37 53.94 -4.97 -3.23 -13.14 19.39 -4.72 -2.48 -7.24
Financial Leverage
-8.95 -3.93 209.47 5.66 -4.16 -2.92 -9.90 11.38 -3.59 -2.63 -5.73
Leverage Ratio
-23.76 -5.60 819.83 26.02 -8.31 -3.79 -38.34 51.29 -7.10 -3.34 -20.02
Compound Leverage Factor
-25.59 -5.98 799.00 24.97 -8.99 -4.10 -37.26 49.08 -7.62 -3.59 -19.51
Debt to Total Capital
118.33% 139.48% 102.20% 98.18% 125.19% 144.76% 108.24% 95.10% 126.85% 153.27% 112.42%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 21.35% 22.53%
Long-Term Debt to Total Capital
118.33% 139.48% 102.20% 98.18% 125.19% 144.76% 108.24% 95.10% 126.85% 131.93% 89.89%
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
-18.33% -39.48% -2.20% 1.82% -25.19% -44.76% -8.24% 4.90% -26.85% -53.27% -12.42%
Debt to EBITDA
2.00 2.67 2.01 1.89 1.86 2.67 1.72 1.82 1.85 2.75 1.82
Net Debt to EBITDA
1.49 2.33 0.90 0.78 1.37 2.31 0.90 0.71 1.38 2.38 1.00
Long-Term Debt to EBITDA
2.00 2.67 2.01 1.89 1.86 2.67 1.72 1.82 1.85 2.37 1.45
Debt to NOPAT
2.81 4.01 3.22 2.92 2.90 4.00 2.51 2.78 2.80 4.41 2.91
Net Debt to NOPAT
2.10 3.50 1.44 1.21 2.13 3.46 1.31 1.08 2.09 3.81 1.59
Long-Term Debt to NOPAT
2.81 4.01 3.22 2.92 2.90 4.00 2.51 2.78 2.80 3.79 2.33
Altman Z-Score
2.25 1.66 3.02 2.56 2.13 1.73 3.22 3.05 2.64 1.60 3.20
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
0.92 1.20 1.17 1.26 0.80 1.21 1.02 1.27 0.77 0.73 0.78
Quick Ratio
0.49 0.92 1.04 1.12 0.61 0.96 0.92 1.15 0.61 0.61 0.71
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-191 108 1,001 435 -42 -237 661 233 -180 -114 738
Operating Cash Flow to CapEx
-1,990.38% -1,810.97% 8,432.31% 2,481.05% -2,593.60% -3,067.79% 6,449.98% 3,052.67% -1,753.84% -1,866.55% 5,844.81%
Free Cash Flow to Firm to Interest Expense
-12.08 5.66 44.88 27.44 -2.64 -11.11 25.36 14.78 -11.36 -5.22 29.91
Operating Cash Flow to Interest Expense
-20.33 -24.17 57.35 20.38 -21.11 -28.42 52.26 19.05 -20.73 -26.07 53.67
Operating Cash Flow Less CapEx to Interest Expense
-21.35 -25.50 56.67 19.56 -21.92 -29.35 51.45 18.43 -21.92 -27.47 52.75
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
1.16 1.21 1.01 1.10 1.37 1.30 1.12 1.15 1.43 1.32 1.15
Accounts Receivable Turnover
58.55 10.98 13.67 58.63 57.28 9.61 12.01 55.95 55.59 10.08 10.62
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
25.66 24.94 25.93 27.35 26.78 25.47 25.97 27.63 27.10 25.77 25.96
Accounts Payable Turnover
11.69 13.04 8.49 11.99 12.07 13.72 8.13 12.62 12.85 14.39 8.39
Days Sales Outstanding (DSO)
6.23 33.23 26.71 6.23 6.37 37.98 30.38 6.52 6.57 36.23 34.37
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)
31.22 28.00 42.99 30.44 30.23 26.61 44.88 28.93 28.40 25.37 43.50
Cash Conversion Cycle (CCC)
-24.99 5.23 -16.28 -24.22 -23.86 11.37 -14.50 -22.41 -21.83 10.86 -9.13
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
1,014 1,338 717 746 911 1,388 763 772 932 1,296 763
Invested Capital Turnover
3.48 2.32 3.92 4.28 3.61 2.56 4.84 4.76 3.93 2.70 4.87
Increase / (Decrease) in Invested Capital
45 -306 -348 -130 -103 50 46 26 20 -92 -0.28
Enterprise Value (EV)
7,736 7,405 5,924 5,433 7,425 8,949 7,702 8,248 10,171 9,410 8,305
Market Capitalization
6,457 5,424 5,171 4,719 6,169 6,789 6,809 7,567 8,871 7,242 7,350
Book Value per Share
($1.66) ($4.14) ($0.24) $0.21 ($2.35) ($5.37) ($0.93) $0.65 ($2.64) ($6.37) ($1.44)
Tangible Book Value per Share
($8.22) ($11.02) ($7.22) ($6.70) ($9.41) ($12.76) ($8.56) ($6.87) ($10.15) ($14.06) ($9.33)
Total Capital
1,445 1,630 1,651 1,762 1,369 1,726 1,576 1,847 1,371 1,638 1,552
Total Debt
1,710 2,273 1,688 1,730 1,714 2,499 1,706 1,756 1,739 2,510 1,745
Total Long-Term Debt
1,710 2,273 1,688 1,730 1,714 2,499 1,706 1,756 1,739 2,161 1,396
Net Debt
1,279 1,981 753 714 1,256 2,161 893 681 1,300 2,169 956
Capital Expenditures (CapEx)
16 25 15 13 13 20 21 9.85 19 30 23
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-497 -162 -747 -767 -619 -185 -791 -813 -623 -274 -783
Debt-free Net Working Capital (DFNWC)
-66 130 187 249 -161 153 22 262 -184 68 6.52
Net Working Capital (NWC)
-66 130 187 249 -161 153 22 262 -184 -282 -343
Net Nonoperating Expense (NNE)
22 25 9.50 2.82 19 2.55 17 1.02 13 38 16
Net Nonoperating Obligations (NNO)
1,279 1,981 753 714 1,256 2,161 893 681 1,300 2,169 956
Total Depreciation and Amortization (D&A)
34 33 32 32 30 30 31 31 29 29 29
Debt-free, Cash-free Net Working Capital to Revenue
-14.41% -4.69% -21.41% -22.08% -17.79% -5.30% -22.09% -22.52% -17.22% -7.57% -21.09%
Debt-free Net Working Capital to Revenue
-1.91% 3.76% 5.36% 7.16% -4.63% 4.39% 0.61% 7.26% -5.09% 1.87% 0.18%
Net Working Capital to Revenue
-1.91% 3.76% 5.36% 7.16% -4.63% 4.39% 0.61% 7.26% -5.09% -7.79% -9.25%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
($1.06) ($1.45) $4.21 $1.88 ($1.12) ($1.33) $4.93 $1.70 ($1.24) ($1.80) $5.37
Adjusted Weighted Average Basic Shares Outstanding
155.47M 152.28M 152.28M 147.00M 143.93M 139.52M 139.53M 139.59M 137.05M 133.85M 133.88M
Adjusted Diluted Earnings per Share
$0.00 $0.00 $4.12 $0.00 $0.00 $0.00 $4.86 $0.00 $0.00 $0.00 $5.31
Adjusted Weighted Average Diluted Shares Outstanding
155.47M 152.28M 152.28M 147.00M 143.93M 139.52M 139.53M 139.59M 137.05M 133.85M 133.88M
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
155.47M 152.28M 152.28M 147.00M 143.93M 139.52M 139.53M 139.59M 137.05M 133.85M 133.88M
Normalized Net Operating Profit after Tax (NOPAT)
-146 -198 653 305 -144 -187 707 259 -160 -205 738
Normalized NOPAT Margin
-81.33% -119.13% 31.19% 29.56% -78.58% -104.53% 32.38% 24.36% -82.47% -114.65% 32.41%
Pre Tax Income Margin
-122.97% -179.08% 40.86% 36.34% -115.54% -157.96% 41.53% 32.96% -119.84% -174.40% 42.08%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
-12.99 -14.70 39.36 24.64 -12.38 -12.24 35.80 23.20 -13.66 -13.36 39.81
NOPAT to Interest Expense
-9.25 -10.44 29.28 19.22 -9.10 -8.76 27.14 16.41 -10.09 -9.44 29.90
EBIT Less CapEx to Interest Expense
-14.01 -16.03 38.68 23.81 -13.20 -13.17 34.99 22.57 -14.84 -14.75 38.90
NOPAT Less CapEx to Interest Expense
-10.27 -11.78 28.60 18.40 -9.91 -9.69 26.33 15.78 -11.27 -10.84 28.98
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
33.64% 35.47% 37.29% 32.13% 31.82% 30.14% 28.02% 30.20% 30.96% 35.09% 34.00%
Augmented Payout Ratio
145.44% 155.38% 116.12% 134.89% 124.29% 128.38% 119.01% 93.96% 110.71% 117.17% 111.47%

Key Financial Trends

H&R Block delivered another quarter of steady revenue and earnings growth, driven by strong operating leverage and healthy free cash flow, while managing capital returns through dividends and buybacks. However, modest increases in net debt and expanding valuation multiples warrant attention.

  • Revenue rose 4.2% year-over-year in Q3 2025 to $2.277 billion, continuing top-line momentum.
  • Earnings per share grew 9.1% to $5.37 versus $4.93 in Q3 2024, reflecting improved profitability.
  • Free cash flow to firm increased 12% to $738 million, supporting dividends and debt reduction.
  • Operating margin expanded to 42.96% from 42.48%, driven by disciplined cost management.
  • Gross margin held firm at roughly 57.4%, underscoring consistent service-based economics.
  • The 2.63% dividend yield remains attractive for income-oriented investors.
  • Net debt climbed to $956 million, pushing net debt/EBITDA to 1.0× from 0.9×, reducing financial flexibility.
  • Operating cash flow dipped 3% year-over-year to $1.324 billion, signaling potential working capital headwinds.
  • Return on equity remains under pressure due to elevated leverage and negative tangible equity.
  • Valuation multiples expanded: P/E increased to 13.0× and EV/EBITDA to 8.7×, tempering margin of safety.
07/16/25 09:05 PMAI Generated. May Contain Errors.

Frequently Asked Questions About H&R Block's Financials

When does H&R Block's financial year end?

According to the most recent income statement we have on file, H&R Block's fiscal year ends in June. Their fiscal year 2024 ended on June 30, 2024.

How has H&R Block's net income changed over the last 9 years?

H&R Block's net income appears to be on an upward trend, with a most recent value of $595.32 million in 2024, rising from $473.66 million in 2015. The previous period was $553.70 million in 2023. See where experts think H&R Block is headed by visiting H&R Block's forecast page.

What is H&R Block's operating income?
H&R Block's total operating income in 2024 was $805.28 million, based on the following breakdown:
  • Total Gross Profit: $1.62 billion
  • Total Operating Expenses: $813.50 million
How has H&R Block's revenue changed over the last 9 years?

Over the last 9 years, H&R Block's total revenue changed from $3.08 billion in 2015 to $3.61 billion in 2024, a change of 17.3%.

How much debt does H&R Block have?

H&R Block's total liabilities were at $3.13 billion at the end of 2024, a 2.9% increase from 2023, and a 16.6% increase since 2015.

How much cash does H&R Block have?

In the past 9 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 $1.05 billion as of their latest financial filing in 2024.

How has H&R Block's book value per share changed over the last 9 years?

Over the last 9 years, H&R Block's book value per share changed from 6.66 in 2015 to 0.65 in 2024, a change of -90.2%.



This page (NYSE:HRB) was last updated on 7/16/2025 by MarketBeat.com Staff
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