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H&R Block, Inc.

HRB Consumer Cyclical Personal Services

H&R Block, Inc.’s revenue for fiscal 2026 (year ended June 2026) was $3.9 billion, up 4.90% from fiscal 2025.

Revenue
+3.05%
EPS
+4.55%
Free cash flow
−1.99%
Total debt
−0.11%

Quarter to June 2026, against a year earlier

54.87 0.60 −1.08%
Market cap
$6.7B
P/E
9.6×
Fwd P/E
8.8×
Dividend yield
3.13%
F-score
7/9
Altman Z
3.12
Beneish M
−2.69
Dividend safety
90/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2026

  • Reportable Segment

Every year since 2012 →

Insider Decisions last twelve months

Sold, $m 0.11
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — 1 — —
Insider Ownership 4.85%

Capital & Financial Ratios $m

Size
Market Cap 6,740.00
Revenue ttm 3,945.39
Net income ttm 733.60
Free cash flow ttm 756.08
Net debt Q 513.59
Valuation
P/E 9.59
Forward P/E 8.84
Price / sales 1.78
Forward P/S Powerpack
Price / FCF 9.26
Price / book 59.61 (above 6: high)
Financial health
Current ratio Q 1.13
Debt / equity Q 12.69 (above 2: weak)
Interest coverage Q 24.27
Growth
Revenue growth Q +3.05% (above 0%: growing)
Operating income growth Q +1.48% (above 0%: growing)
EPS, this year +15.67% (at or above 15%: strong)
EPS, next year A +12.37%
Revenue, next year A +4.78%
EPS, past 5 yrs —
EPS, next 5 yrs A +15.68% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.0×, against a ten-year median of 2.0×; over the ten years it ranged from 1.0× in 2021 to 5.4× in 2021.
P/E against its own 10 years 27.19%
10-year low 10-year high
P/S against its own 10 years 59.15%
10-year low 10-year high
P/B against its own 10 years 62.94%
10-year low 10-year high
EV/Sales against its own 10 years 47.27%
10-year low 10-year high
EV/FCF against its own 10 years 38.04%
10-year low 10-year high

Dividends raised every year since 2017

Yield
3.13%
Annual rate
1.72
Payout ratio
30.1%
Growth, 2017–25
+6.79%/yr
  1. 0.94 ’17
  2. 0.99 ’18 +5
  3. 1.03 ’19 +4
  4. 1.04 ’20 +1
  5. 1.07 ’21 +3
  6. 1.12 ’22 +5
  7. 1.22 ’23 +9
  8. 1.39 ’24 +14
  9. 1.59 ’25 +14
  10. 1.69 ’26e +6
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 2026
Cash 1,015 1,075 1,003 978
Receivables 96 69 64 58
Inventory — — — —
Other — — — —
1,187 1,239 1,163 1,126
2023 2024 2025 2026
Payables 160 156 144 156
ST’ Debt 205 — 350 —
Other — — — —
939 977 1,299 993

Compound Annual Growth %

10y 5y 3y
Sales 2.24% 2.64% 4.35%
Cash Flow (0.13%) 0.74% 0.68%
Earnings 1.81% 5.79% 9.83%
Book Value (11.39%) (11.10%) 54.17%

Earnings Trends EPS, adjusted, against the consensus

Q4 FY26 Estimate 2.23 Actual 2.38

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q1 FY25 −1.40 −1.20 Beat by 0.20
Q2 FY26 −1.96 −1.84 Beat by 0.12
Q3 FY26 5.69 6.02 Beat by 0.33
Q4 FY26 2.23 2.38 Beat by 0.15
Q1 FY27 −1.39 — Reports 9 November 2026

EPS $

Sep Dec Mar Jun Year
’26 — — — — —
’26 (1.26) (1.92) 6.60 2.30 5.66
’25 (1.24) (1.80) 5.31 2.20 4.39
’24 (1.12) (1.33) 4.86 1.81 4.12
’23 — — — 1.96 3.51
’23 (1.06) (1.45) 4.12 — 3.51
’22 — — — 1.36 3.24
Fiscal quarters ending in the months shown.

Revenue $m

Sep Dec Mar Jun Year
’26 — — — — —
’26 204 199 2,398 1,145 3,945
’25 194 179 2,277 1,111 3,761
’24 184 179 2,185 1,063 3,610
’23 — — — 1,032 3,472
’23 180 166 2,094 — 3,472
’22 — — — 1,050 3,463
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Sep Dec Mar Jun Year
’26 — — — — —
’26 (357) (614) 1,558 252 839
’25 (329) (567) 1,325 252 681
’24 (335) (607) 1,362 301 721
’23 — — — 323 822
’23 (322) (459) 1,279 — 822
’22 — — — 435 809
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Sep Dec Mar Jun Year
’26 — — — — —
’26 (370) (649) 1,539 237 756
’25 (347) (597) 1,302 241 599
’24 (348) (627) 1,341 291 657
’23 — — — 310 752
’23 (338) (484) 1,264 — 822
’22 — — — 426 747
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing −3.0% a year for ten years. It grew 0.7% a year over the last ten.

Implied
−3.0%
10 years, reported
0.7%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to June

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 3,036 3,160 3,095 2,640 3,414 3,463 3,472 3,610 3,761 3,945 +3.0% 4,134 4,307 4,518 +4.6%
Gross margin, % 45.84 44.94 43.23 35.13 46.04 45.68 44.60 44.84 44.53 44.33 (1.5) pt
EBT 629 669 545 (3) 669 659 711 762 781 854 +3.4%
EBT margin, % 20.73 21.16 17.61 (0.13) 19.59 19.03 20.48 21.11 20.78 21.64 +0.9 pt
Net income 409 613 423 (8) 584 554 554 595 606 734 +6.7%
Per share, $
Per share, $ Revenue 14.27 15.13 15.07 13.42 18.27 20.55 22.54 25.44 27.73 30.91 +9.0%
Earnings 1.92 2.94 2.06 (0.04) 3.11 3.22 3.51 4.12 4.39 5.66 +12.8%
Cash flow 2.59 4.07 2.95 0.55 3.35 4.80 5.34 5.08 5.02 6.57 +10.9%
Capex (0.42) (0.47) (0.46) (0.42) (0.28) (0.37) (0.45) (0.45) (0.60) (0.65) +4.9%
Free cash flow 2.18 3.60 2.49 0.14 3.07 4.43 4.88 4.63 4.42 5.92 +11.8%
Book value (0.29) 1.89 2.64 0.36 1.89 1.26 0.21 0.64 0.66 0.92 n/m
Shares, m 213 209 205 197 187 169 154 142 136 128 (5.5%)
Valuation, ×
Valuation, × P/E 12.16 9.49 12.88 876.32 2.54 10.21 8.93 12.97 12.28 6.66 96.4
P/S 1.69 1.83 1.81 1.22 0.87 1.72 1.41 2.15 1.98 1.23 1.6
P/B 0.00 14.68 10.33 45.49 11.82 28.12 153.11 85.74 83.75 41.37 47.4
EV/Sales 1.81 1.78 1.74 1.46 1.06 1.90 1.61 2.32 2.11 1.45 1.7
EV/FCF 11.88 7.47 10.52 140.01 5.59 8.83 7.43 12.75 13.25 7.57 22.5
Cash, $m
Cash, $m Operating cash flow 552 850 607 109 626 809 822 721 681 839 +4.8%
Capex (89) (99) (95) (82) (53) (62) (70) (64) (82) (83) (0.9%)
Free cash flow 463 751 511 27 573 747 752 657 599 756 +5.6%
Balance, $m
Balance, $m Working capital 407 1,048 1,070 1,511 537 386 249 262 (136) 132 (11.7%)
Net debt 376 (168) (215) 622 633 436 474 416 490 514 +3.5%
Shareholders’ equity (61) 394 542 71 352 212 32 91 89 117 n/m
Returns, %
Returns, % ROA 14.76 21.02 13.12 (0.19) 13.26 16.94 18.02 18.93 18.69 22.50 +7.7 pt
ROIC 141.80 208.28 117.90 6.95 48.81 71.87 92.53 99.37 89.38 89.89 (51.9) pt
ROE (2,164.86) 368.45 90.35 (2.67) 274.60 261.39 1,728.58 970.69 674.99 710.90 +2,875.8 pt
People
People Employees 2,300 2,700 3,100 3,500 3,600 3,800 4,000 4,200 4,300 4,600 +8.0%
Revenue/emp, $m 1.32 1.17 1.00 0.75 0.95 0.91 0.87 0.86 0.87 0.86 (4.7%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Jun 2026 · latest quarter Jun 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

H&R Block helps individuals and small businesses prepare tax returns and offers financial products and small business services. Founded in 1955, the company is headquartered in Kansas City. Curtis A. Campbell is its president and chief executive officer.

Customers can have a tax professional prepare a return in an office or virtually, or they can prepare and file it themselves using online, mobile or desktop software. A customer who prepares a return can also have a professional review and sign it. The office network includes both company-owned and franchised locations.

Where the money comes from and where it goes Fiscal 2026

Fiscal 2026: revenue by segment, and margins
Reportable Segment 3,945 100.00%
Gross margin 44.33%
Operating margin 23.01%
Pre-tax margin 21.64%

Revenue by segment since 2012

H&R Block, Inc. vs peers in Personal Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ROL Rollins, Inc. $18.5B 35.5× 31.5× +6.19% (above 0%: growing) −2.94% (below 0%: shrinking) +27.60% (above 0%: growing) 53.49% 20.45% Compare
SCI Service Corporation International $10.3B 18.5× 18.7× +4.65% (above 0%: growing) +23.81% (above 0%: growing) +31.02% (above 0%: growing) 24.59% 22.84% Compare
ANDG Andersen Group Inc. $7.5B — — +4.61% (above 0%: growing) n/m +517.12% (above 0%: growing) 20.26% (4.10%) Compare
HRB H&R Block, Inc. $6.7B 9.6× 8.8× +3.05% (above 0%: growing) +4.55% (above 0%: growing) −1.99% (below 0%: shrinking) 51.91% 32.91%
FTDR Frontdoor Inc. $6.6B 23.1× 21.6× +5.99% (above 0%: growing) +16.55% (above 0%: growing) +12.07% (above 0%: growing) 55.27% 0.00% Compare
BFAM Bright Horizons Family Solutions Inc. $2.7B — (loss-making) — (loss-making) +4.82% (above 0%: growing) n/m +40.92% (above 0%: growing) 24.34% (22.24%) Compare
CSV Carriage Services, Inc. $448.0M 9.5× 10.5× −2.42% (below 0%: shrinking) +33.33% (above 0%: growing) +149.08% (above 0%: growing) 31.17% 19.35% Compare
MED MEDIFAST INC $142.4M — (loss-making) — (loss-making) −19.42% (below 0%: shrinking) n/m −73.32% (below 0%: shrinking) 69.45% (26.87%) Compare
RGS Regis Corporation $60.0M 10.2× — (loss-making) −7.84% (below 0%: shrinking) −62.50% (below 0%: shrinking) +11.33% (above 0%: growing) 100.00% 9.76% Compare
Median of peers $4.6B 18.5× 20.2× +4.63% +16.55% +29.31% 42.33% 4.88%

All 13 Personal Services stocks →

From the latest earnings call

Updated

  • CEO Curtis Campbell said client conversion and retention improved during tax season, and H&R Block plans to expand its consultative office model.
  • CFO Tiffany Mason said the fiscal 2027 outlook assumes slower industry growth and continued investment in automation and the client experience.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 103.50%
Held by the ten largest 60.34%
Holder Shares Stake Change
BlackRock 16.33m 13.24% +787.42k
Fidelity (FMR) 15.74m 12.77% +456.90k
Vanguard 13.06m 10.59% −924.60k
AQR Capital Management 9.60m 7.79% +6.42m
State Street 4.16m 3.37% +163.12k
FULLER & THALER ASSET MANAGEMENT, INC. 3.98m 3.23% −304.37k
LAZARD ASSET MANAGEMENT LLC 3.24m 2.63% −516.62k
Geode Capital Management 3.06m 2.48% −75.78k
Northern Trust 2.93m 2.38% −80.78k
Dimensional Fund Advisors 2.27m 1.84% −35.29k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 29 September 2026

Ownership

Directors and executive officers, together 0.67%
BlackRock, Inc. 14.60%
FMR LLC 11.89%
AQR Capital Management, LLC One Greenwich Plaza Suite 7.85%
Vanguard Capital Management 5.41%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

H&R Block, Inc. (HRB) Latest News

29 Oct

Impact 3 · · GlobeNewswire

26 Oct

Impact 3 · · GlobeNewswire
Impact 3 · · Zacks

22 Oct

Impact 3 · · Simply Wall St.
Impact 3 · · The Motley Fool

20 Oct

Impact 3 · · StockStory
Impact 3 · · GlobeNewswire

19 Oct

Impact 4 · · Zacks

16 Oct

Impact 4 · · MoneyShow

15 Oct

Impact 4 · · Simply Wall St.

14 Oct

Impact 4 · · Zacks
Impact 3 · · GlobeNewswire

2 Oct

Impact 3 · · Simply Wall St.

29 Sep

Impact 4 · · Zacks
Impact 3 · · GlobeNewswire

18 Sep

Impact 3 ·

17 Sep

Impact 3 ·
Impact 3 ·

15 Sep

Impact 4 ·
Impact 3 ·

14 Sep

Impact 3 ·

4 Sep

Impact 4 ·
Impact 3 ·

2 Sep

Impact 3 ·

1 Sep

Impact 3 · · MarketBeat transcript

24 Aug

Impact 3 ·

21 Aug

Impact 3 ·

20 Aug

Impact 3 ·

18 Aug

Impact 3 ·

14 Aug

Impact 3 ·

HRB metrics, ten years each

stockrow.com/HRB · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com