H&R BLOCK INCHRBEarnings & Financial Report
H&R Block, Inc., or H&R Block, is an American tax preparation company operating in Canada, the United States, and Australia. The company was founded in 1955 in Kansas City, Missouri, by brothers Henry W. Bloch and Richard Bloch.
Revenue
$2.2B
Gross Profit
$1.3B
Operating Profit
$907.4M
Net Profit
$690.7M
Gross Margin
57.6%
Operating Margin
41.5%
Net Margin
31.6%
YoY Growth
4.4%
EPS
$4.86
Financial Flow
H&R BLOCK INC Q3 2024 Financial Summary
H&R BLOCK INC reported revenue of $2.2B (up 4.4% YoY) for Q3 2024, with a net profit of $690.7M (up 7.4% YoY) (31.6% margin). Cost of goods sold was $926.0M, operating expenses totaled $351.5M.
Key Financial Metrics
| Total Revenue | $2.2B |
|---|---|
| Net Profit | $690.7M |
| Gross Margin | 57.6% |
| Operating Margin | 41.5% |
| Report Period | Q3 2024 |
Revenue Breakdown
H&R BLOCK INC Q3 2024 revenue of $2.2B breaks down across 11 segments, led by Tax Preparation Fees at $1.5B (70.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Tax Preparation Fees | $1.5B | 70.2% |
| DIY Tax Preparation Fees | $198.6M | 9.1% |
| Royalties | $141.9M | 6.5% |
| Refund Transfer Revenues | $118.9M | 5.4% |
| Other | $68.3M | 3.1% |
| Feesfrom Emerald Card | $41.2M | 1.9% |
| Wave HQ Inc. | $23.6M | 1.1% |
| Interestand Fee Incomeon Emerald Advance | $21.2M | 1.0% |
| Peaceof Mind Revenues | $16.8M | 0.8% |
| Otherrevenue | $12.1M | 0.6% |
| Tax Identity Shield | $7.5M | 0.3% |
H&R BLOCK INC Revenue by Segment — Quarterly Trend
H&R BLOCK INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Tax Preparation Fees and DIY Tax Preparation Fees) has evolved quarter over quarter.
| Segment | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|
| Tax Preparation Fees | $55.9M | $48.6M | $686.0M | $1.6B |
| DIY Tax Preparation Fees | $16.8M | $3.7M | $152.1M | $214.7M |
| Royalties | $5.1M | — | — | $134.0M |
| Refund Transfer Revenues | — | — | — | $113.7M |
| Other | $33.3M | $65.0M | $92.8M | $60.4M |
H&R BLOCK INC Annual Revenue by Year
H&R BLOCK INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $3.8B).
| Year | Annual Revenue |
|---|---|
| 2025 | $3.8B |
| 2024 | $3.6B |
| 2023 | $3.5B |
| 2022 | $3.5B |
H&R BLOCK INC Quarterly Revenue & Net Profit History
H&R BLOCK INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q2 2026 | $198.9M | +11.1% | $-242.2M | -121.8% |
| Q1 2026 | $203.6M | +5.0% | $-165.8M | -81.5% |
| Q4 2025 | $1.1B | +4.6% | $299.4M | 27.0% |
| Q3 2025 | $2.3B | +4.2% | $722.3M | 31.7% |
| Q2 2025 | $179.1M | -0.0% | $-243.4M | -135.9% |
| Q1 2025 | $193.8M | +5.4% | $-172.6M | -89.0% |
| Q4 2024 | $1.1B | +3.0% | $257.8M | 24.3% |
| Q3 2024 | $2.2B | +4.4% | $690.7M | 31.6% |
Income Statement
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.18B | $1.06B | $193.8M | $179.1M | $2.28B | $1.11B | $203.6M | $198.9M |
| YoY Growth | 4.4% | 3.0% | 5.4% | -0.0% | 4.2% | 4.6% | 5.0% | 11.1% |
Balance Sheet
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.21B | $3.22B | $2.55B | $2.71B | $3.25B | $3.26B | $2.62B | $2.93B |
| Liabilities | $3.34B | $3.13B | $2.92B | $3.58B | $3.44B | $3.18B | $3.17B | $3.75B |
| Equity | $-129.8M | $90.6M | $-368.1M | $-872.5M | $-192.8M | $88.9M | $-550.9M | $-823.1M |
Cash Flow
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $1.36B | $300.6M | $-328.6M | $-567.1M | $1.32B | $251.6M | $-356.8M | $-614.0M |