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H&R Block Inc (HRB) stock

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NYSE: HRB NYSE Specialized Consumer Services Next results ~November 9, 2026

B+ Fundamentals grade

H&R Block Inc is a US-listed company in the specialized consumer services industry. Its financial year ends in June.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$100

Cash-flow model

Base case. Range ~$78–$140 across our lower- and higher-growth cases (-0.4%–9.6% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 101% above it.

Price used: $52.25, November 2, 2026

H&R Block Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 2 selling0 purchases and 3 sales by directors and officers, last 12 monthsInsider trades
  • Funds310 adding, 207 cuttingOf 51 active managers that changed their stake, 26 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter H&R Block files

Where H&R Block stands after its latest 10-K

Revenue for the twelve months to June 2026 was $3.95bn, up 4.9% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin rose to 19.2% from 15.9% a year earlier. The diluted share count is down 6.2% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 2 of our 5 financial-health checks. Our cash-flow model value is $95.24 a share, against a share price of $48.06. At that price, our model says the market is pricing in cash flow shrinking about 6.4% a year for five years, slower than the 2.9% a year revenue growth it has delivered.

Source: 10-K filed August 14, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 9, 2026 (estimated)

H&R Block Inc's trailing-twelve-month revenue grew 4.9% year on year, with a free-cash-flow margin of 19.2%. Where it stands out: days sales outstanding of 5 days ranks 1 of 11 specialized consumer services companies we cover.

Our discounted-cash-flow model values the business at ~$100 per share in the base case (~$78–$140 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Long-term debt rising: Long-term debt rose 30% year over year, to 46% of total assets.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $52.25 is 101% below our value per share of $100.
  • Shrinking share count. Diluted shares fell 6.2% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Results due soon. Results are expected around 9 November; the share price can move sharply on the day.
  • Volatile shares. Over the past year the shares showed annualised volatility of 48% and a beta of -0.3 against the S&P 500.
  • Insiders selling. 2 insiders sold $14M of stock over the past 365 days and none bought (0% under pre-set trading plans).
  • Heavily shorted. 20.7% of the shares available to trade are sold short (9.0 days of average volume to cover).

Latest results: FY2026 Q4

Filed August 14, 2026
Earnings per share
$2.38 against an average estimate of $2.21: beat by 7.7%
Revenue
$1.14bn, up 3.0% on a year earlier
Share reaction
+18.0% in the first session after the results on August 11, 2026, against -0.1% for the S&P 500
Guidance given
revenue $4.11bn to $4.16bn (fiscal year 2027); adjusted EBITDA $1.11bn to $1.14bn (fiscal year 2027)
Next report
November 9, 2026; average EPS estimate -$1.43

H&R Block's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.8%
  • 1 week+4.4%
  • 1 month+25.4%
  • This year+24.0%
  • 1 year+9.7%
  • 5 years+154.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$3.9B
Net margin
18.6%
EPS (TTM, diluted)
$5.69

Growth

Revenue growth
+4.9%
Change in growth rate
−0.5 pts
Share count change
−6.2%

Cash

Free cash flow (TTM)
$756M
FCF margin
19.2%
Stock pay % of revenue
0.8%

Earnings

Last results
August 11, 2026
Next results (est.)
November 9, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Results
  3. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

H&R Block Inc valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 6.8% a year for five years.That is slower than the 2.9% a year revenue growth H&R Block has delivered.

  • Priced in-6.8%
  • Last 12 months4.9%
  • 3 years a year4.4%
  • 5 years a year2.9%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($52.11, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$100
Price used
$52.11close November 3, 2026
Implied change
▲ +101%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of H&R Block Inc's free cash flow after stock-based pay with after-tax interest added back ($733M, FY2026 Q4 TTM), growing 4.8% and 4.5% in the next two years (forecasts, guidance and its record), then back to 4.6% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$78–~$140 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of H&R Block Inc's free cash flow after stock-based pay ( $733M, FY2026 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value H&R Block Inc as an operating company, with every model that fits that kind of business. Cost of equity 7.7%: the 10-year Treasury yield (4.9%) plus a beta of 0.62 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$100 ~$78–$140 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$90 ~$66–$130 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: return on equity above 40%: buybacks or intangibles make book value too small an anchor
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$98 ~$81–$120 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$100 ~$90–$100 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare H&R Block Inc with Specialized Consumer Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −26%
  • Revenue growth 5 points higher ▲ +34%
  • Free-cash-flow margin 1 point lower ▼ −5%
  • Last year's free-cash-flow margin change, if it persists ▲ +19%
  • Discount rate 1 point higher ▼ −15%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $78$107$145$196$263$348
8.5% $58$79$107$144$191$252
10% $47$63$85$112$149$195

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026
Share price$13.46$17.13$19.80$20.26$12.98$18.46$30.82$28.68$50.20$52.13$37.74
Market value$3.4bn$3.7bn$4.2bn$4.2bn$2.6bn$3.5bn$5.3bn$4.5bn$7.2bn$7.2bn$4.9bn
+ Net debt (− = net cash)$0$0$0$0$0$0$602m$502m$438m$510m$533m
Enterprise value$3.4bn$3.7bn$4.2bn$4.2bn$2.6bn$3.5bn$5.9bn$5.0bn$7.7bn$7.7bn$5.4bn
Multiples
Price / sales 1.1x1.2x1.3x1.4x1.0x1.0x1.5x1.3x2.0x1.9x1.2x
Price / earnings 9.0x9.0x6.8x9.9x—6.0x9.5x8.1x12.1x11.8x6.6x
Price / free cash flow 7.6x7.9x5.5x8.2x94.3x6.1x7.1x6.0x11.0x12.0x6.4x
EV / EBITDA ———————————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

84 /100

Strong moat

How hard H&R Block's competitive advantage looks for rivals to wear away, judged from 5 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 25.1% of total assets over 5 years.

  • Pricing power 15 / 20

    Gross margin has been a median 44.6%, moving by 0.5 percentage points (standard deviation) across 5 years.

  • Durability 14 / 20

    Net margin has been a median 16.1%; its worst year was 15.9%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 5 of 5 years, at a median 19.2% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 31.7% over five years; stock-based pay has been a median 0.9% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (89 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 9, 2026, after the close. Analysts expect revenue of $212m and EPS of −$1.43 (range −$1.48 to −$1.38) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $6.14 +16% $4.1bn +5%
Next $6.90 +12% $4.3bn +4%

Next year's EPS estimate has moved −4.4% in 90 days, across 5 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +4.8% on 90 days ago. In the last 30 days, 4 analysts raised H&R Block Inc's forecast and 1 cut it.

Consensus EPS forecast H&R Block Inc, last 90 days
$5.50 $6.00 $6.50 $7.00 $7.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $5.86 Current fiscal year, 60 days ago: $6.15 Current fiscal year, 30 days ago: $6.15 Current fiscal year, 7 days ago: $6.15 Current fiscal year, Now: $6.14 $6.14 Next fiscal year, 90 days ago: $7.22 Next fiscal year, 60 days ago: $6.91 Next fiscal year, 30 days ago: $6.92 Next fiscal year, 7 days ago: $6.92 Next fiscal year, Now: $6.90 $6.90

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $5.86$7.22
60 days ago $6.15$6.91
30 days ago $6.15$6.92
7 days ago $6.15$6.92
Now $6.14$6.90

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $2.21 $2.38 +7.7%
Mar 2026 $5.77 $6.02 +4.3%
Dec 2025 −$1.89 −$1.84 +2.8%
Sept 2025 −$1.35 −$1.20 +11.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 11, 2026
  • Revenue fiscal year 2027 $4.11bn to $4.16bn
    “Revenue to be in the range of $4.11 to $4.16 billion.” source
  • Adjusted Diluted Earnings Per Share fiscal year 2027 $6.04 to $6.24 Non-GAAP
    “Adjusted Diluted Earnings Per Share 4 to be in the range of $6.04 to $6.24.” source
  • Adjusted EBITDA fiscal year 2027 $1.11bn to $1.14bn Non-GAAP
    “Adjusted EBITDA 4 to be in the range of $1.11 to $1.14 billion.” source
  • Effective tax rate fiscal year 2027 about 23%
    “Effective tax rate to be approximately 23%.” source

How earlier guidance turned out

  • Revenue, fiscal 2026 guided $3.91bn to $3.92bn Above range: $3.945392bn

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows H&R Block Inc's revenue by +4.8% next year and +4.5% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+4.8%, weight 51%) , management guidance (+4.8%, weight 21%) and the company's own record (+4.6%, weight 28%) . How the weights are set.

Analyst recommendations

5 analysts, Oct 2026
Buy120%
Hold360%
Sell120%

Monthly trend

  1. Oct 20261315
  2. Sep 20261315
  3. Aug 20261315
  4. Jul 20261315

Counts of recommendations published by analysts covering H&R Block Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
20.7%
of tradable shares
Days to cover
8.99
at average volume
Short interest, 1 month
+7%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.7%
of shares
Employees
4,600
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +9.7%

$47.63 on October 31, 2025 to $52.25

ThenNowEffect
Revenue (last 12 months) $3.8bn $3.9bn +4.9%
Net margin 16.1% 18.6% +15.4%
P/E multiple 10.8x 9.2x −15.0%
Share count 137m 129m +6.6%

Biggest factor: p/e multiple.

Last 3 years +34.9%

$38.73 on November 3, 2023 to $52.25

ThenNowEffect
Revenue (last 12 months) $3.5bn $3.9bn +13.6%
Net margin 15.9% 18.6% +16.6%
P/E multiple 11.0x 9.2x −16.6%
Share count 157m 129m +22.0%

Biggest factor: share count.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
HRB+55%+60%+37%+12%−15%+24%
Industry peers (median)+7%−61%−28%+9%−4%−35%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
HRB75%67%58%58%42%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
HRB−13%−24%−27%−21%−33%−37%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 62% from November 2, 2015 to April 3, 2020. Getting back needed a 164% gain, reached on April 25, 2022, 752 days after the low.

Price behaviour

52-week range
$27.41 – $53.69
From 52-week high
−2.7%
vs 50-day average
+12.0%
vs 200-day average
+35.1%
Volatility (1 year)
48%
Beta vs S&P 500
-0.31

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±8.1%
After a week
5 up, 7 down
typical move ±9.5%
After a month
5 up, 7 down
typical move ±9.8%
Results releasedNext dayS&P 500 next day5 days21 days
August 11, 2026 +18.0% −0.1% +10.9% −1.4%
May 6, 2026 +20.9% +1.1% +20.1% +28.3%
February 3, 2026 −10.7% −1.3% −15.7% −17.1%
November 6, 2025 −1.9% −1.0% −11.3% −17.6%
August 12, 2025 −8.3% +1.4% −6.0% −3.5%
May 7, 2025 −4.6% +1.1% −7.9% −4.2%
February 4, 2025 −2.5% +1.1% −6.0% −4.1%
November 7, 2024 −5.3% +1.2% −5.4% −9.8%
August 15, 2024 +13.2% +1.9% +11.8% +13.9%
May 9, 2024 +10.3% +0.7% +9.2% +3.9%
February 6, 2024 −1.1% +1.1% 0.0% +3.6%
November 7, 2023 0.0% +0.4% +9.6% +10.3%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How H&R Block Inc’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: no liquid put with an effective price at or below fair value.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

H&R Block Inc in five measures

Fundamentals grade B+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) H&R Block Inc
$3.4B $3.6B $3.8B $4B FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue (TTM), FY24 Q1: $3.5B Revenue (TTM), FY24 Q2: $3.5B Revenue (TTM), FY24 Q3: $3.6B Revenue (TTM), FY24 Q4: $3.6B Revenue (TTM), FY25 Q1: $3.6B Revenue (TTM), FY25 Q2: $3.6B Revenue (TTM), FY25 Q3: $3.7B Revenue (TTM), FY25 Q4: $3.8B Revenue (TTM), FY26 Q1: $3.8B Revenue (TTM), FY26 Q2: $3.8B Revenue (TTM), FY26 Q3: $3.9B Revenue (TTM), FY26 Q4: $3.9B $3.9B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY24 Q1 $3.5B
FY24 Q2 $3.5B
FY24 Q3 $3.6B
FY24 Q4 $3.6B
FY25 Q1 $3.6B
FY25 Q2 $3.6B
FY25 Q3 $3.7B
FY25 Q4 $3.8B
FY26 Q1 $3.8B
FY26 Q2 $3.8B
FY26 Q3 $3.9B
FY26 Q4 $3.9B
Revenue growth, TTM YoY H&R Block Inc
0% 2% 4% 6% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue growth, TTM YoY, FY24 Q1: 0.7% Revenue growth, TTM YoY, FY24 Q2: 0.9% Revenue growth, TTM YoY, FY24 Q3: 2.6% Revenue growth, TTM YoY, FY24 Q4: 4.0% Revenue growth, TTM YoY, FY25 Q1: 4.2% Revenue growth, TTM YoY, FY25 Q2: 3.8% Revenue growth, TTM YoY, FY25 Q3: 3.7% Revenue growth, TTM YoY, FY25 Q4: 4.2% Revenue growth, TTM YoY, FY26 Q1: 4.2% Revenue growth, TTM YoY, FY26 Q2: 4.7% Revenue growth, TTM YoY, FY26 Q3: 5.4% Revenue growth, TTM YoY, FY26 Q4: 4.9% 4.9%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q1 0.7%
FY24 Q2 0.9%
FY24 Q3 2.6%
FY24 Q4 4.0%
FY25 Q1 4.2%
FY25 Q2 3.8%
FY25 Q3 3.7%
FY25 Q4 4.2%
FY26 Q1 4.2%
FY26 Q2 4.7%
FY26 Q3 5.4%
FY26 Q4 4.9%
FCF margin (TTM) H&R Block Inc
12% 14% 16% 18% 20% 22% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 FCF margin (TTM), FY24 Q1: 21.3% FCF margin (TTM), FY24 Q2: 17.2% FCF margin (TTM), FY24 Q3: 18.9% FCF margin (TTM), FY24 Q4: 18.2% FCF margin (TTM), FY25 Q1: 18.2% FCF margin (TTM), FY25 Q2: 19.0% FCF margin (TTM), FY25 Q3: 17.5% FCF margin (TTM), FY25 Q4: 15.9% FCF margin (TTM), FY26 Q1: 15.3% FCF margin (TTM), FY26 Q2: 13.8% FCF margin (TTM), FY26 Q3: 19.5% FCF margin (TTM), FY26 Q4: 19.2% 19.2%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q1 21.3%
FY24 Q2 17.2%
FY24 Q3 18.9%
FY24 Q4 18.2%
FY25 Q1 18.2%
FY25 Q2 19.0%
FY25 Q3 17.5%
FY25 Q4 15.9%
FY26 Q1 15.3%
FY26 Q2 13.8%
FY26 Q3 19.5%
FY26 Q4 19.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A, 10-QT. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Apr 2010 2011 Apr 2011 2012 Apr 2012 2013 Apr 2013 2014 Apr 2014 2015 Apr 2015 2016 Apr 2016 2017 Apr 2017 2018 Apr 2018 2019 Apr 2019 2020 Apr 2020 2021 Apr 2021 2022 Jun 2022 2023 Jun 2023 2024 Jun 2024 2025 Jun 2025 2026 Jun 2026
Income
Revenue 3,015 2,945 2,894 2,906 3,024 3,079 3,038 3,036 3,160 3,095 2,640 3,414 3,463 3,472 3,610 3,761 3,945
Gross profit 1,194 1,168 1,192 1,375 1,452 1,448 1,353 1,392 1,420 1,338 927 1,572 1,582 1,549 1,619 1,675 1,749
EBITDA 841 738 670 789 879 — — — — — — — — — — — —
Operating income 714 616 566 697 763 — — — — — — — — — — — —
Net income 479 406 266 434 475 474 374 409 613 423 −8 584 554 554 595 606 734
Diluted EPS $1.43 $1.31 $0.89 $1.58 $1.72 $1.71 $1.49 $1.91 $2.91 $2.04 −$0.04 $3.08 $3.22 $3.51 $4.12 $4.39 $5.66
Growth (year on year)
Revenue −26.2% −2.3% −1.7% +0.4% +4.1% +1.8% −1.3% −0.1% +4.1% −2.1% −14.7% +29.3% +1.4% +0.3% +4.0% +4.2% +4.9%
EBITDA −12.7% −12.2% −9.2% +17.8% +11.4% — — — — — — — — — — — —
Operating income −14.9% −13.7% −8.1% +23.0% +9.5% — — — — — — — — — — — —
Net income −1.3% −15.3% −34.5% +63.2% +9.5% −0.3% −21.0% +9.3% +49.9% −31.1% −101.8% — −5.2% +0.0% +7.5% +1.8% +21.1%
Diluted EPS −1.4% −8.4% −32.1% +77.5% +8.9% −0.6% −12.9% +28.2% +52.4% −29.9% −102.0% — +4.5% +9.0% +17.4% +6.6% +28.9%
Margins
Gross margin 39.6% 39.7% 41.2% 47.3% 48.0% 47.0% 44.5% 45.8% 44.9% 43.2% 35.1% 46.0% 45.7% 44.6% 44.8% 44.5% 44.3%
EBITDA margin 27.9% 25.1% 23.1% 27.2% 29.1% — — — — — — — — — — — —
Operating margin 23.7% 20.9% 19.6% 24.0% 25.2% — — — — — — — — — — — —
Net margin 15.9% 13.8% 9.2% 14.9% 15.7% 15.4% 12.3% 13.5% 19.4% 13.7% −0.3% 17.1% 16.0% 15.9% 16.5% 16.1% 18.6%
Free-cash-flow margin 16.5% 15.3% 9.7% 13.2% 21.9% 16.4% 14.6% 15.2% 23.8% 16.5% 1.0% 16.8% 21.6% 21.7% 18.2% 15.9% 19.2%
Cash flow
Cash from operations 587 513 362 497 810 627 545 552 850 607 109 626 809 822 721 681 839
Capital spending 91 63 82 113 147 123 100 89 99 95 82 53 62 70 64 82 83
Free cash flow 497 450 280 384 663 503 445 463 751 511 27 573 747 752 657 599 756
Stock-based pay 29 15 15 15 20 26 24 19 22 24 28 28 34 31 34 33 30
Free cash flow after stock pay 468 435 265 369 643 477 421 444 729 487 −1 545 712 721 623 566 726
Balance sheet
Cash — — — — — — — — — — — — 885 987 1,053 983 959
Total debt 1,039 1,040 1,672 907 906 506 1,503 1,503 1,496 1,493 3,495 1,490 1,487 1,489 1,491 1,493 1,491
Net debt (negative = net cash) — — — — — — — — — — — — 602 502 438 510 533
Diluted shares 333m 310m 299m 274m 276m 277m 251m 214m 210m 207m 198m 189m 171m 157m 144m 137m 129m
Returned to shareholders
Dividends 201 187 209 217 219 220 202 187 200 205 205 195 186 178 180 197 211
Buybacks 254 — — — — — — — — — — — — — — — —
Total returned 455 187 209 217 219 220 202 187 200 205 205 195 186 178 180 197 211

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 5 checks passed · June 30, 2026
What it owns · $3.3bn
Short-term assets $1.1bnLonger-term assets $2.1bn
What it owes, and who funded it · $3.3bn
Short-term liabilities $993mLonger-term liabilities $2.1bnShareholders' equity $117m
  • Short-term assets cover short-term liabilities $1.1bn of assets due within a year against $993m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.1bn short-term assets against $2.1bn of longer-dated liabilities.
  • More cash than debt $959m of cash against $1.5bn of debt.
  • Debt below 40% of shareholders' equity Debt is 1269% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $839m of operating cash flow against $1.5bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From H&R Block Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$211M
Returned to shareholders
28%
of free cash flow
Diluted share count
−6.2%
year over year
Total shareholder yield
3.1%
dividends 3.1% + buybacks 0.0% of market value
Dividend payout ratio
29%
of net income paid out
Sales & admin spending
21.3%
of revenue
Days sales outstanding
5 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in specialized consumer services
Last 12 months unless stated HRB SCI BFAM ADT FTDR DASH Median
Revenue, last 12 months $3.9bn $4.4bn $3.1bn $5.2bn $2.1bn $17.1bn $222m
Revenue growth, last 12 months 4.9% 3.0% 6.7% 2.1% 9.3% 35.0% 5.8%
Revenue growth, 3-year average 4.4% 2.8% 9.6% 1.7% 7.8% 27.9% 3.7%
Revenue growth, latest quarter 3.0% 4.6% 4.8% 2.0% 4.5% 34.0% 2.8%
Gross margin 44.3% 25.9% 22.8% — 55.5% — 35.1%
Operating margin — 22.7% 0.1% 25.0% — 5.3% 2.2%
Operating margin, 3-year average — 22.4% 6.6% 25.2% — 2.8% −3.8%
Net margin 18.6% 12.7% −4.4% 11.9% 12.8% 6.2% 1.9%
Cash from operations / revenue 21.3% 24.5% 11.6% 41.8% 19.1% 17.3% 8.7%
Free-cash-flow margin 19.2% 15.4% 8.3% 38.1% 18.0% 15.8% 6.6%
Free-cash-flow margin, 3-year average 17.8% 14.8% 8.2% 36.1% 15.5% 17.9% 5.7%
Stock pay / revenue 0.8% 0.4% 1.0% 1.1% 1.8% 6.6% 1.9%
Change in share count −6.2% −3.4% −8.6% 0.7% −5.1% −1.6% 4.4%

Median of all 18 companies we cover in specialized consumer services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

18 specialized consumer services companies
Measure Company Peer median Rank
Revenue growth Growth 4.9% 6.7% 10 of 18
Change in growth rate Growth -0.5pp -1.2pp 8 of 18
Gross margin Profitability 44.3% 35.1% 6 of 14
Net margin Profitability 18.6% 3.1% 2 of 18
Free-cash-flow margin Cash generation 19.2% 8.3% 4 of 18
Stock pay as % of revenue Cash generation 0.8% 2.0% 3 of 16
Long-term debt as % of assets Balance sheet 45.8% 26.1% 11 of 15
Change in share count Balance sheet -6.2% 7.2% 2 of 15
Days sales outstanding Balance sheet 5 days 19 days 1 of 11

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to June 30, 2026
Products and services
Line of business Revenue Share YoY
Services $3.7B 92.9% ▲ 5.5%
Royalty $281M 7.1% ▼ 2.0%

From H&R Block Inc's 10-K filed August 14, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$4.9B
Institutions reporting
535
Shares held vs prior quarter
▲ 5.4%
Positions opened / closed
115 / 66

Top buyers and sellers, Q2 2026: 310 institutions bought and 207 sold ; the biggest buyer was AQR Capital Management LLC (+6.4M shares) and the biggest seller Citadel Advisors LLC (−2.6M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $622M 16.3M 12.7% ▲ 5.1%
FMR LLC $600M 15.7M 12.3% ▲ 3.0%
AQR Capital Management LLC $366M 9.6M 7.5% ▲ 202.1%
Vanguard Portfolio Management LLC $237M 6.2M 4.8% ▼ 14.6%
Vanguard Capital Management LLC $218M 5.7M 4.5% ▲ 1.0%
State Street Corp $160M 4.2M 3.3% ▲ 4.1%
Fuller & Thaler Asset Management, Inc. $151M 4.0M 3.1% ▼ 7.1%
Lazard Asset Management LLC $124M 3.2M 2.5% ▼ 13.7%
Geode Capital Management, LLC $117M 3.1M 2.4% ▼ 2.4%
Northern Trust Corp $112M 2.9M 2.3% ▼ 2.7%
Dimensional Fund Advisors LP $86.5M 2.3M 1.8% ▼ 1.5%
Morgan Stanley $83.2M 2.2M 1.7% ▲ 9.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not H&R Block Inc's complete shareholder register. Values are as reported by the filers ; 3 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $14M 3 trades by 2 insiders · 0% under pre-set plans
Net ▼ $14M net selling
Insider Date Trade Shares Price Value
Darling Mark J. Chief Retail Officer September 30, 2026 Sell 2,700 $40.69 $109,853
Jones Jeffrey J Ii President & CEO November 19, 2025 Sell 128,818 $44.54 $5.7M
Jones Jeffrey J Ii President & CEO November 12, 2025 Sell 176,449 $46.46 $8.2M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 8 trades and filings

No trades in H&R Block Inc disclosed in the last 12 months; 8 earlier trades on record.

  • Val T. Hoyle(D-OR 4):Sale (full), $1,001 - $15,000, traded September 23, 2025, filed October 10, 2025
  • Val T. Hoyle(D-OR 4):Purchase, $1,001 - $15,000, traded October 29, 2024, filed September 12, 2025
  • Gilbert Ray Cisneros, Jr.(D-CA 39):Sale (full), $1,001 - $15,000, traded April 29, 2020, filed May 13, 2020

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 9, 2026 estimated from the company's past filing pattern, not announced

  • August 11, 2026
  • May 6, 2026
  • February 3, 2026
  • November 6, 2025
  • August 12, 2025
  • May 7, 2025

Recent SEC filings

Data status

When each part of this page on H&R Block Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

H&R Block Inc in brief

What does H&R Block Inc do?
H&R Block Inc is a US-listed company in the specialized consumer services industry. Its financial year ends in June.
What is H&R Block Inc's stock ticker?
H&R Block Inc trades under the ticker HRB on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is H&R Block Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, H&R Block Inc reported revenue of $3.9B, 4.9% higher than a year earlier, according to its SEC filings.
What is H&R Block Inc's free cash flow?
H&R Block Inc's free-cash-flow margin is 19.2% of revenue over the trailing twelve months, ranking 4 of the 18 specialized consumer services companies we cover.
What is H&R Block Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of H&R Block Inc's free cash flow after stock-based pay gives ~$100 per share in the base case, and ~$78–$140 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are H&R Block Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., FMR LLC and AQR Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is H&R Block Inc's market cap?
On June 30, 2026, H&R Block Inc's market capitalisation was about $4.9B, with a price-to-earnings ratio of 6.6 and net debt of $533M. Market figures come from third-party market data and may be delayed.
Does H&R Block Inc pay a dividend?
Yes: H&R Block Inc paid $211M in dividends over the trailing twelve months, a dividend yield of 3.11% and a payout ratio of 28.8%.
How much debt does H&R Block Inc have?
H&R Block Inc's debt-to-equity ratio is 1269.5%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are H&R Block Inc's competitors?
In our Specialized Consumer Services peer group, the companies closest to H&R Block Inc are Service Corp International, Bright Horizons Family Solutions Inc., ADT Inc., Frontdoor, Inc. and DoorDash. The side-by-side comparison below sets their revenue, margins and growth against H&R Block Inc's.
Are insiders buying or selling H&R Block Inc stock?
Over the last 12 months, H&R Block Inc's directors and officers reported 0 open-market purchases and 3 sales on Form 4. The insider trading page charts every trade.
When is H&R Block Inc's next earnings date?
Around November 9, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — H&R Block Inc announces its own schedule.