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
$203.6M
Gross Profit
$-70.5M
Operating Profit
$-216.3M
Net Profit
$-165.8M
Gross Margin
-34.6%
Operating Margin
-106.3%
Net Margin
-81.5%
YoY Growth
5.0%
EPS
$-1.26
Financial Flow
H&R BLOCK INC Q1 2026 Financial Summary
H&R BLOCK INC reported revenue of $203.6M (up 5.0% YoY) for Q1 2026, with a net profit of $-165.8M (up 3.9% YoY) (-81.5% margin). Cost of goods sold was $274.0M, operating expenses totaled $145.9M.
Key Financial Metrics
| Total Revenue | $203.6M |
|---|---|
| Net Profit | $-165.8M |
| Gross Margin | -34.6% |
| Operating Margin | -106.3% |
| Report Period | Q1 2026 |
Revenue Breakdown
H&R BLOCK INC Q1 2026 revenue of $203.6M breaks down across 8 segments, led by Other at $65.0M (32.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Other | $65.0M | 32.0% |
| Tax Preparation Fees | $48.6M | 23.9% |
| Wave HQ Inc. | $29.9M | 14.7% |
| Peaceof Mind Revenues | $23.5M | 11.5% |
| Otherrevenue | $13.5M | 6.6% |
| Royalty | $11.4M | 5.6% |
| Feesfrom Emerald Card | $7.9M | 3.9% |
| DIY Tax Preparation Fees | $3.7M | 1.8% |
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 Other and Tax Preparation Fees) has evolved quarter over quarter.
| Segment | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|
| Other | $33.3M | $65.0M | $92.8M | $60.4M |
| Tax Preparation Fees | $55.9M | $48.6M | $686.0M | $1.6B |
| Wave HQ Inc. | $29.8M | $29.9M | $29.5M | $26.7M |
| Peaceof Mind Revenues | — | $23.5M | $32.5M | $15.6M |
| Otherrevenue | — | $13.5M | $18.1M | $14.6M |
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 |