NYSE : HRB
H&R Block, Inc. — Financial statements
Consumer Discretionary · Personal Services · United States
Last price 49.68 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 6.12B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
H&R Block, Inc. (HRB) reported revenue of 3.95B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 3.95B | 3.95B | 3.76B | 3.61B | 3.47B | 3.46B |
| Cost of Revenue | 2.20B | 2.20B | 2.09B | 1.99B | 1.92B | 1.88B |
| Gross Profit | 1.75B | 1.75B | 1.67B | 1.62B | 1.55B | 1.58B |
| Selling, General & Admin | 841.30M | 841.30M | 846.91M | 813.50M | 800.03M | 837.11M |
| Operating Expenses | 841.30M | 841.30M | 846.91M | 813.50M | 800.03M | 837.11M |
| Operating Income | 907.69M | 907.69M | 827.97M | 805.28M | 748.70M | 744.90M |
| Interest Expense | -80.61M | -80.61M | -78.11M | -79.08M | -72.98M | -88.28M |
| Other Non Operating Income (Expenses) | 26.81M | 26.81M | 31.55M | 36.12M | 35.49M | 2.45M |
| EBT Excluding Unusual Items | 853.89M | 853.89M | 781.40M | 762.32M | 711.21M | 659.07M |
| Pretax Income | 853.89M | 853.89M | 781.40M | 762.32M | 711.21M | 659.07M |
| Income Tax Expense | 117.57M | 117.57M | 171.95M | 164.36M | 149.41M | 98.42M |
| Earnings From Continuing Operations | 736.32M | 736.32M | 609.45M | 597.96M | 561.80M | 560.65M |
| Earnings From Discontinued Operations | -2.72M | -2.72M | -3.68M | -2.65M | -8.10M | -6.97M |
| Net Income | 733.60M | 733.60M | 605.77M | 595.32M | 553.70M | 553.67M |
| Preferred Dividends & Other Adjustments | 3.69M | 3.69M | 2.77M | 2.39M | 2.27M | 2.47M |
| Net Income to Common | 729.91M | 729.91M | 603.00M | 592.93M | 551.43M | 551.21M |
| Shares Outstanding (Basic) | 127.64M | 127.64M | 135.63M | 141.93M | 154.04M | 168.52M |
| Shares Outstanding (Diluted) | 128.87M | 128.87M | 137.34M | 143.89M | 157.25M | 171.44M |
| EPS (Basic) | 5.72 | 5.72 | 4.45 | 4.18 | 3.58 | 3.27 |
| EPS (Diluted) | 5.67 | 5.67 | 4.39 | 4.12 | 3.51 | 3.22 |
| Free Cash Flow | 756.08M | 756.08M | 598.85M | 657.18M | 752.14M | 746.58M |
| Free Cash Flow Per Share | 5.87 | 5.87 | 4.36 | 4.57 | 4.78 | 4.36 |
| Dividend Per Share | 1.68 | 1.68 | 1.50 | 1.28 | 1.16 | 1.08 |
| Gross Margin | 44.33% | 44.33% | 44.53% | 44.84% | 44.60% | 45.68% |
| Operating Margin | 23.01% | 23.01% | 22.02% | 22.30% | 21.56% | 21.51% |
| Profit Margin | 18.50% | 18.50% | 16.03% | 16.42% | 15.88% | 15.92% |
| Free Cash Flow Margin | 19.16% | 19.16% | 15.92% | 18.20% | 21.66% | 21.56% |
| EBITDA | 1.03B | 1.03B | 944.80M | 927.06M | 879.20M | 887.08M |
| EBITDA Margin | 26.11% | 26.11% | 25.12% | 25.68% | 25.32% | 25.61% |
| D&A For EBITDA | 122.44M | 122.44M | 116.83M | 121.78M | 130.50M | 142.18M |
| EBIT | 907.69M | 907.69M | 827.97M | 805.28M | 748.70M | 744.90M |
| EBIT Margin | 23.01% | 23.01% | 22.02% | 22.30% | 21.56% | 21.51% |
| Effective Tax Rate | 13.77% | 13.77% | 22.01% | 21.56% | 21.01% | 14.93% |
| Revenue as Reported | 3.95B | 3.95B | 3.76B | 3.61B | 3.47B | 3.46B |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 958.71M | 958.71M | 983.28M | 1.05B | 986.98M | 885.01M |
| Cash & Short-Term Investments | 958.71M | 958.71M | 983.28M | 1.05B | 986.98M | 885.01M |
| Accounts Receivable | 39.32M | 39.32M | 47.95M | 53.09M | 42.77M | 44.34M |
| Other Receivables | 18.93M | 18.93M | 15.67M | 15.99M | 17.22M | 216.95M |
| Receivables | 58.25M | 58.25M | 63.62M | 69.08M | 59.99M | 261.29M |
| Prepaid Expenses | 89.41M | 89.41M | 95.79M | 95.21M | 112.18M | 72.46M |
| Restricted Cash | 19.20M | 19.20M | 19.86M | 21.87M | 28.34M | 165.70M |
| Total Current Assets | 1.13B | 1.13B | 1.16B | 1.24B | 1.19B | 1.38B |
| Property, Plant & Equipment | 739.10M | 739.10M | 656.28M | 593.30M | 568.31M | 551.70M |
| Goodwill | 812.54M | 812.54M | 802.05M | 785.23M | 775.45M | 760.40M |
| Other Intangible Assets | 266.99M | 266.99M | 259.41M | 264.10M | 277.04M | 309.64M |
| Long-Term Accounts Receivable | 48.94M | 48.94M | 46.52M | 43.40M | 33.53M | 33.69M |
| Long-Term Deferred Tax Assets | 239.75M | 239.75M | 317.69M | 271.66M | 211.39M | 208.95M |
| Other Long-Term Assets | 23.48M | 23.48M | 19.39M | 21.65M | 19.04M | 20.32M |
| Total Assets | 3.26B | 3.26B | 3.26B | 3.22B | 3.07B | 3.27B |
| Accounts Payable | 152.73M | 152.73M | 141.65M | 153.03M | 156.40M | 156.53M |
| Accrued Expenses | 121.88M | 121.88M | 107.38M | 105.55M | 95.15M | 154.76M |
| Short-Term Debt | 2.70M | |||||
| Current Portion of Long-Term Debt | 349.89M | |||||
| Current Portion of Leases | 228.76M | 228.76M | 209.20M | 206.07M | 205.39M | 206.90M |
| Current Income Taxes Payable | 266.18M | 266.18M | 296.24M | 318.83M | 271.80M | 280.12M |
| Current Unearned Revenue | 121.20M | 121.20M | 22.60M | 21.40M | 25.20M | 25.80M |
| Other Current Liabilities | 102.67M | 102.67M | 171.65M | 172.45M | 184.84M | 172.01M |
| Total Current Liabilities | 993.42M | 993.42M | 1.30B | 977.33M | 938.78M | 998.81M |
| Long-Term Debt | 1.49B | 1.49B | 1.14B | 1.49B | 1.49B | 1.49B |
| Long-Term Leases | 382.10M | 382.10M | 322.85M | 265.37M | 240.54M | 228.82M |
| Long-Term Unearned Revenue | 71.20M | 71.20M | 104.11M | 103.36M | 107.33M | 116.66M |
| Long-Term Deferred Tax Liabilities | 163.66M | 163.66M | 306.13M | 3.94M | ||
| Other Long-Term Liabilities | 36.98M | 36.98M | 291.06M | 260.62M | 226.36M | |
| Total Liabilities | 3.14B | 3.14B | 3.18B | 3.13B | 3.04B | 3.06B |
| Common Stock | 1.54M | 1.54M | 1.64M | 1.71M | 1.79M | 1.94M |
| Additional Paid-In Capital | 784.36M | 784.36M | 767.00M | 762.58M | 770.38M | 772.18M |
| Retained Earnings | 30.78M | 30.78M | 12.06M | 12.65M | -48.68M | 120.41M |
| Treasury Stock | -635.11M | -635.11M | -644.05M | -637.51M | -654.33M | -661.25M |
| Comprehensive Income & Other | -64.09M | -64.09M | -47.76M | -48.84M | -37.10M | -21.64M |
| Shareholders' Equity | 117.49M | 117.49M | 88.90M | 90.59M | 32.06M | 211.63M |
| Total Liabilities & Equity | 3.26B | 3.26B | 3.26B | 3.22B | 3.07B | 3.27B |
| Total Debt | 2.10B | 2.10B | 2.03B | 1.96B | 1.93B | 1.93B |
| Net Cash (Debt) | -1.14B | -1.14B | -1.04B | -909.21M | -947.93M | -1.04B |
| Net Cash Per Share | -8.87 | -8.87 | -7.59 | -6.32 | -6.03 | -6.07 |
| Filing Date Shares Outstanding | 123.27M | 123.27M | 133.95M | 139.59M | 147.00M | 159.95M |
| Total Common Shares Outstanding | 124.17M | 124.17M | 133.95M | 139.59M | 146.15M | 159.93M |
| Working Capital | 132.13M | 132.13M | -136.06M | 262.15M | 248.70M | 385.64M |
| Book Value Per Share | 0.95 | 0.95 | 0.66 | 0.65 | 0.22 | 1.32 |
| Tangible Book Value | -962.04M | -962.04M | -972.57M | -958.73M | -1.02B | -858.41M |
| Tangible Book Value Per Share | -7.75 | -7.75 | -7.26 | -6.87 | -6.98 | -5.37 |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 733.60M | 733.60M | 605.77M | 595.32M | 553.70M | 553.67M |
| Depreciation & Amortization | 122.44M | 122.44M | 116.83M | 121.78M | 130.50M | 142.18M |
| Stock-Based Compensation | 30.48M | 30.48M | 32.50M | 34.28M | 31.33M | 34.25M |
| Provision & Write-off of Bad Debts | 64.88M | 64.88M | 65.19M | 82.57M | 52.29M | 66.81M |
| Other Operating Activities | 14.00M | 14.00M | -34.61M | -40.94M | 49.58M | -53.35M |
| Change in Accounts Receivable | -69.09M | -69.09M | -62.25M | -108.39M | -57.24M | -37.89M |
| Change in Accounts Payable | 13.56M | 13.56M | -23.01M | -4.66M | -67.63M | -19.64M |
| Change in Unearned Revenue | 33.53M | 33.53M | -1.57M | -28.51M | -4.77M | 7.34M |
| Change in Income Taxes | -97.08M | -97.08M | -20.61M | 75.44M | 144.16M | 118.71M |
| Change in Other Net Operating Assets | -7.61M | -7.61M | 2.65M | -6.03M | -10.07M | -3.54M |
| Operating Cash Flow | 838.70M | 838.70M | 680.88M | 720.86M | 821.84M | 808.54M |
| Capital Expenditures | -82.61M | -82.61M | -82.03M | -63.68M | -69.70M | -61.95M |
| Cash Acquisitions | -57.64M | -57.64M | -35.52M | -43.36M | -48.25M | -35.92M |
| Other Investing Activities | 5.80M | 5.80M | 10.10M | 7.14M | 10.84M | 8.90M |
| Investing Cash Flow | -124.81M | -124.81M | -105.37M | -93.86M | -101.39M | -76.54M |
| Short-Term Debt Issued | 2.38B | 2.38B | 1.95B | 1.02B | 970.00M | 705.00M |
| Long-Term Debt Issued | 346.98M | 346.98M | ||||
| Total Debt Issued | 2.72B | 2.72B | 1.95B | 1.02B | 970.00M | 705.00M |
| Short-Term Debt Repaid | -2.38B | -2.38B | -1.95B | -1.02B | -970.00M | -705.00M |
| Long-Term Debt Repaid | -350.00M | -350.00M | -500.00M | |||
| Total Debt Repaid | -2.73B | -2.73B | -1.95B | -1.02B | -970.00M | -1.21B |
| Net Debt Issued (Repaid) | -3.02M | -3.02M | -500.00M | |||
| Repurchase of Common Stock | -512.90M | -512.90M | -437.13M | -379.57M | -568.95M | -563.17M |
| Common Dividends Paid | -211.00M | -211.00M | -197.33M | -179.78M | -177.93M | -186.48M |
| Other Financing Activities | -7.29M | -7.29M | -12.98M | -4.97M | -4.12M | -7.70M |
| Financing Cash Flow | -734.22M | -734.22M | -647.44M | -564.31M | -750.99M | -1.26B |
| Foreign Exchange Rate Adjustments | -4.90M | -4.90M | -121.00K | -2.81M | -4.86M | -8.10M |
| Net Cash Flow | -25.24M | -25.24M | -72.05M | 59.88M | -35.40M | -533.45M |
| Free Cash Flow | 756.08M | 756.08M | 598.85M | 657.18M | 752.14M | 746.58M |
| Free Cash Flow Margin | 19.16% | 19.16% | 15.92% | 18.20% | 21.66% | 21.56% |
| Free Cash Flow Per Share | 5.87 | 5.87 | 4.36 | 4.57 | 4.78 | 4.36 |
| Levered Free Cash Flow | 624.80M | 624.80M | 511.09M | 598.48M | 757.56M | 693.74M |
| Unlevered Free Cash Flow | 675.18M | 675.18M | 559.91M | 647.91M | 803.17M | 748.91M |
| Cash Interest Paid | 76.73M | 76.73M | 74.64M | 75.69M | 69.55M | 81.96M |
| Cash Income Tax Paid | 202.13M | 202.13M | 226.82M | 131.17M | -45.54M | 31.69M |
| Change in Working Capital | -126.69M | -126.69M | -104.80M | -72.14M | 4.45M | 64.98M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 6.44B | 4.83B | 7.35B | 7.57B | 4.85B | 5.64B |
| Enterprise Value | 7.58B | 5.99B | 8.49B | 8.66B | 5.81B | 6.98B |
| Last Close Price | 52.25 | 37.74 | 52.13 | 50.20 | 28.68 | 30.82 |
| PE Ratio | 9.22 | 6.61 | 12.19 | 12.76 | 8.80 | 10.23 |
| Forward PE | 8.51 | 6.19 | 9.97 | 12.10 | 8.52 | 10.11 |
| PS Ratio | 1.63 | 1.22 | 1.95 | 2.10 | 1.40 | 1.63 |
| PB Ratio | 55.22 | 41.09 | 82.67 | 83.52 | 151.36 | 26.64 |
| P/FCF Ratio | 8.52 | 6.38 | 12.27 | 11.51 | 6.45 | 7.55 |
| P/OCF Ratio | 7.68 | 5.75 | 10.79 | 10.50 | 5.91 | 6.97 |
| PEG Ratio | 0.68 | 0.49 | 0.80 | 0.97 | 0.68 | 0.81 |
| EV/Sales Ratio | 1.92 | 1.52 | 2.26 | 2.40 | 1.67 | 2.02 |
| EV/EBITDA Ratio | 7.36 | 5.81 | 8.99 | 9.35 | 6.61 | 7.87 |
| EV/EBIT Ratio | 8.36 | 6.59 | 10.26 | 10.76 | 7.76 | 9.37 |
| EV/FCF Ratio | 10.03 | 7.92 | 14.19 | 13.18 | 7.73 | 9.35 |
| Debt / Equity Ratio | 17.89 | 17.89 | 22.78 | 21.66 | 60.34 | 9.10 |
| Debt / EBITDA Ratio | 1.53 | 1.53 | 1.58 | 1.56 | 1.61 | 1.61 |
| Debt / FCF Ratio | 2.78 | 2.78 | 3.38 | 2.99 | 2.57 | 2.58 |
| Net Debt / Equity Ratio | 9.73 | 9.73 | 11.72 | 10.04 | 29.56 | 4.92 |
| Net Debt / EBITDA Ratio | 1.11 | 1.11 | 1.10 | 0.98 | 1.08 | 1.17 |
| Net Debt / FCF Ratio | 1.51 | 1.51 | 1.74 | 1.38 | 1.26 | 1.39 |
| Asset Turnover | 1.21 | 1.21 | 1.16 | 1.15 | 1.09 | 0.95 |
| Quick Ratio | 1.02 | 1.02 | 0.81 | 1.15 | 1.11 | 1.15 |
| Current Ratio | 1.13 | 1.13 | 0.90 | 1.27 | 1.26 | 1.39 |
| Return on Equity (ROE) | 713.54% | 713.54% | 679.09% | 975.01% | 461.07% | 186.98% |
| Return on Assets (ROA) | 17.40% | 17.40% | 15.96% | 16.00% | 14.76% | 12.78% |
| Return on Invested Capital (ROIC) | 46.61% | 65.44% | 60.62% | 63.81% | 53.00% | 47.83% |
| Return on Capital Employed (ROCE) | 40.10% | 40.10% | 42.10% | 35.90% | 35.10% | 32.80% |
| Earnings Yield | 10.85% | 15.20% | 8.24% | 7.87% | 11.41% | 9.82% |
| FCF Yield | 11.74% | 15.66% | 8.15% | 8.69% | 15.50% | 13.25% |
| Dividend Yield | 3.52% | 4.32% | 2.73% | 2.36% | 3.49% | 3.06% |
| Payout Ratio | 32.46% | 28.76% | 32.57% | 30.20% | 32.13% | 33.68% |
| Buyback Yield / Dilution | 6.17% | 6.17% | 4.55% | 8.49% | 8.28% | 7.26% |
| Total Shareholder Return | 9.69% | 10.49% | 7.29% | 10.86% | 11.77% | 10.33% |