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. In the quarter to June 2026, revenue grew 3.05%, EPS grew 4.55%, free cash flow fell 1.99% and total debt was flat, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years, revenue growth for five.
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H&R Block, Inc. (HRB) Piotroski F-score
H&R Block, Inc.'s Piotroski F-score for fiscal 2026 is 7 out of 9: 7 of nine tests of profitability, leverage and efficiency passed, up from 6 in fiscal 2025.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2026 | 7 | 1.00 |
| FY2025 | 6 | 0.00 |
| FY2022 | 6 | (2.00) |
| FY2021 | 8 | 5.00 |
| FY2020 | 3 | (2.00) |
| FY2019 | 5 | (2.00) |
| FY2018 | 7 | (1.00) |
| FY2017 | 8 | — |
How fiscal 2026’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 22.50% | 18.69% | Pass | 1 |
| Positive operating cash flow | 838.70m | 680.88m | Pass | 1 |
| Rising return on assets | 22.50% | 18.69% | Pass | 1 |
| Cash flow above net income | 105.10m | 75.11m | Pass | 1 |
| Falling long-term leverage | 0.46 | 0.35 | Fail | 0 |
| Rising current ratio | 1.13 | 0.90 | Pass | 1 |
| No new shares issued | 127,644,000 | 135,629,000 | Pass | 1 |
| Rising gross margin | 44.33% | 44.53% | Fail | 0 |
| Rising asset turnover | 1.21 | 1.16 | Pass | 1 |
| Piotroski F-score | Strong — most fundamentals improved | 7 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| BFAM Bright Horizons Family Solutions Inc. compare | 8 |
| HRB H&R Block, Inc. | 7 |
| FTDR Frontdoor Inc. compare | 7 |
| ROL Rollins, Inc. compare | 7 |
| CSV Carriage Services, Inc. compare | 7 |
| SCI Service Corporation International compare | 6 |
| RGS Regis Corporation compare | 5 |
| MED MEDIFAST INC compare | 4 |
| ANDG Andersen Group Inc. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover