Stocks HRB Financial statements
Financial statementsH&R BLOCK INC financial statements
Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data H&R BLOCK INC files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
| FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3,036 | 3,160 | 3,095 | 2,640 | 3,414 | 3,463 | 3,472 | 3,610 | 3,761 | 3,945 |
| Cost of revenue | 1,644 | 1,740 | 1,757 | 1,712 | 1,842 | 1,881 | 1,923 | 1,992 | 2,086 | 2,196 |
| Gross profit | 1,392 | 1,420 | 1,338 | 927 | 1,572 | 1,582 | 1,549 | 1,619 | 1,675 | 1,749 |
| Selling, general and administrative | 676 | 668 | 722 | 744 | 802 | 837 | 800 | 814 | 847 | 841 |
| Selling and marketing | 261 | 249 | 270 | 255 | 262 | 284 | 286 | 278 | 286 | 278 |
| General and administrative | 113 | |||||||||
| Interest expense | 93 | 89.4 | 87.1 | 96.1 | 107 | 88.3 | 73 | 79.1 | 78.1 | 80.6 |
| Interest income | 3.83 | 6.86 | 16.5 | 14.3 | ||||||
| Other non-operating income | 6.25 | 6.05 | 16.4 | 15.6 | 5.98 | 2.45 | 35.5 | 36.1 | 31.5 | 26.8 |
| Pre-tax income | 629 | 669 | 545 | -3.37 | 762 | 659 | 711 | 762 | 781 | 854 |
| Income tax | 208 | 41.8 | 99.9 | -9.53 | 164 | 98.4 | 149 | 164 | 172 | 118 |
| Income from continuing operations | 421 | 627 | ||||||||
| Net income | 409 | 613 | 423 | -7.53 | 584 | 554 | 554 | 595 | 606 | 734 |
| EPS, basic | 1.92 | 2.93 | 2.05 | -0.04 | 3.11 | 3.27 | 3.58 | 4.18 | 4.45 | 5.72 |
| EPS, diluted | 1.91 | 2.91 | 2.04 | -0.04 | 3.08 | 3.22 | 3.51 | 4.12 | 4.39 | 5.66 |
| Shares, basic (weighted) | 213 | 209 | 205 | 197 | 187 | 169 | 154 | 142 | 136 | 128 |
| Shares, diluted (weighted) | 214 | 210 | 207 | 198 | 189 | 171 | 157 | 144 | 137 | 129 |
| Dividend per share | 0.88 | 0.96 | 1.00 | 1.04 | 0.27 | 1.08 | 1.16 | 1.28 | 1.50 | 1.68 |
Balance sheet
| FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 1,011 | 1,545 | 1,572 | 2,662 | 934 | 885 | 987 | 1,053 | 983 | 959 |
| Receivables | 163 | 147 | 139 | 133 | 198 | 58.4 | 60 | 69.1 | 63.6 | 58.2 |
| Other current assets | 65.7 | 81.3 | 147 | 52 | 106 | 72.5 | 112 | 95.2 | 95.8 | 89.4 |
| Total current assets | 1,346 | 1,892 | 1,993 | 3,087 | 1,700 | 1,384 | 1,187 | 1,239 | 1,163 | 1,126 |
| Property, plant and equipment | 264 | 232 | 212 | 184 | 148 | 124 | 130 | 131 | 135 | 141 |
| Lease right-of-use assets | 0 | 495 | 437 | 428 | 438 | 462 | 521 | 598 | ||
| Goodwill | 491 | 508 | 520 | 712 | 758 | 760 | 775 | 785 | 802 | 813 |
| Intangible assets | 409 | 374 | 342 | 415 | 360 | 310 | 277 | 264 | 259 | 267 |
| Other non-current assets | 99.9 | 101 | 90.1 | 67.8 | 67.5 | 54 | 52.6 | 65 | 65.9 | 72.4 |
| Total assets | 2,694 | 3,141 | 3,300 | 5,112 | 3,654 | 3,269 | 3,072 | 3,219 | 3,264 | 3,256 |
| Accounts payable | 217 | 252 | 250 | 203 | 198 | 161 | 160 | 156 | 144 | 156 |
| Accrued liabilities | 184 | 141 | 197 | 116 | 271 | 155 | 95.2 | 106 | 107 | 122 |
| Short-term debt | 0.98 | 1.03 | 0 | 649 | 0 | 0 | 0 | 0 | 350 | 0 |
| Total current liabilities | 939 | 844 | 923 | 1,576 | 1,163 | 999 | 939 | 977 | 1,299 | 993 |
| Long-term debt | 1,493 | 1,495 | 1,493 | 2,846 | 1,490 | 1,487 | 1,489 | 1,491 | 1,143 | 1,491 |
| Lease liabilities | 0 | 313 | 243 | 229 | 241 | 265 | 323 | 382 | ||
| Other non-current liabilities | 164 | 180 | 145 | 125 | 126 | 117 | 107 | 103 | 104 | 108 |
| Total liabilities | 2,755 | 2,747 | 2,758 | 5,041 | 3,301 | 3,058 | 3,040 | 3,128 | 3,175 | 3,139 |
| Total debt | 1,494 | 1,496 | 1,493 | 3,495 | 1,490 | 1,487 | 1,489 | 1,491 | 1,493 | 1,491 |
| Paid-in capital | 755 | 760 | 768 | 775 | 783 | 772 | 770 | 763 | 767 | 784 |
| Retained earnings | -48.2 | 363 | 499 | 43 | 249 | 120 | -48.7 | 12.7 | 12.1 | 30.8 |
| Treasury stock | -755 | -718 | -707 | -698 | -686 | -661 | -654 | -638 | -644 | -635 |
| Other comprehensive income | -15.3 | -14.3 | -20.4 | -51.6 | 4.79 | -21.6 | -37.1 | -48.8 | -47.8 | -64.1 |
| Shareholders' equity | -60.9 | 394 | 542 | 71 | 352 | 212 | 32.1 | 90.6 | 88.9 | 117 |
| Total equity | -60.9 | 394 | 542 | 71 | 352 | 212 | 32.1 | 90.6 | 88.9 | 117 |
| Total liabilities and equity | 2,694 | 3,141 | 3,300 | 5,112 | 3,654 | 3,269 | 3,072 | 3,219 | 3,264 | 3,256 |
Cash flow statement
| FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | 409 | 613 | 423 | -7.53 | 584 | 554 | 554 | 595 | 606 | 734 |
| Depreciation and amortization | 182 | 183 | 167 | 170 | 157 | 142 | 131 | 122 | 117 | 122 |
| Stock-based compensation | 19.3 | 22 | 23.8 | 28 | 28.3 | 34.3 | 31.3 | 34.3 | 32.5 | 30.5 |
| Deferred income tax | 34.6 | 60.3 | 5.86 | -13 | -55.2 | -57 | 14.7 | -55.2 | -23.8 | 41.9 |
| Change in receivables | -80.2 | -63.9 | -73.6 | -66.9 | -151 | -37.9 | -57.2 | -108 | -62.2 | -69.1 |
| Change in payables | -7.68 | -10.5 | 54.8 | -124 | 151 | -19.6 | -67.6 | -4.66 | -23 | 13.6 |
| Cash from operations | 552 | 850 | 607 | 109 | 626 | 809 | 822 | 721 | 681 | 839 |
| Capital expenditures | -89.3 | -98.6 | -95.5 | -81.7 | -52.8 | -62 | -69.7 | -63.7 | -82 | -82.6 |
| Acquisitions | -54.8 | -42.5 | -43.6 | -450 | -43.4 | -35.9 | -48.2 | -43.4 | -35.5 | -57.6 |
| Cash from investing | 99.3 | -112 | -155 | -470 | -45.5 | -76.5 | -101 | -93.9 | -105 | -125 |
| Debt issued | 0 | 0 | 0 | 0 | 648 | 0 | 0 | 0 | 0 | 347 |
| Debt repaid | 0 | 0 | 0 | -650 | -500 | 0 | 0 | 0 | -350 | |
| Stock issued | 2.37 | 28.3 | 2.53 | 2.08 | 2.14 | 6.33 | 3.38 | |||
| Dividends paid | -187 | -200 | -205 | -205 | -195 | -186 | -178 | -180 | -197 | -211 |
| Cash from financing | -530 | -191 | -404 | 1,532 | -2,409 | -1,257 | -751 | -564 | -647 | -734 |
| Exchange rate effect | -4.46 | -1.14 | -3.66 | -5.29 | 18.3 | -8.1 | -4.86 | -2.81 | -0.12 | -4.9 |
| Net change in cash | 117 | 546 | 44 | 1,165 | -1,810 | -533 | -35.4 | 59.9 | -72.1 | -25.2 |
| Free cash flow | 463 | 751 | 511 | 27.3 | 573 | 747 | 752 | 657 | 599 | 756 |
| Interest paid | 87.2 | 84.3 | 82.4 | 87.4 | 104 | 82 | 69.6 | 75.7 | 74.6 | 76.7 |
| Income taxes paid | 164 | 8.28 | 133 | 89.2 | 236 | 31.7 | -45.5 | 131 | 227 | 202 |
Key metrics
Profitability
| Metric | Value | How it is calculated |
|---|---|---|
| Pre-tax margin | 20.9% | Pre-tax income / revenue. |
| Net margin | 17.9% | Net income / revenue. |
| FCF margin | 18.8% | Free cash flow (cash from operations - capital expenditures) / revenue. |
| Operating cash flow margin | 21.1% | Cash from operations / revenue. |
| Effective tax rate | 14.0% | Income tax / pre-tax income, when pre-tax income is positive. |
| Return on assets (ROA) | 26.5% | Net income / average total assets. |
| SG&A / revenue | 21.4% | Selling, general and administrative expense / revenue. |
| Stock-based pay / revenue | 0.7% | Stock-based compensation (from the cash flow statement) / revenue. |
| Capex / revenue | 2.3% | Capital expenditures / revenue. |
| D&A / revenue | 3.2% | Depreciation and amortization / revenue. |
Growth
| Metric | Value | How it is calculated |
|---|---|---|
| Revenue growth, 1y | 4.9% | Revenue vs the same period a year earlier. Only from a positive base. |
| Revenue CAGR, 3y | 4.4% | Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Revenue CAGR, 5y | 2.9% | Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Gross profit growth, 1y | 4.4% | Gross profit vs the same period a year earlier. Only from a positive base. |
| Gross profit CAGR, 3y | 4.1% | Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Gross profit CAGR, 5y | 2.2% | Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Net income growth, 1y | 21.1% | Net income vs the same period a year earlier. Only from a positive base. |
| Net income CAGR, 3y | 9.8% | Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Net income CAGR, 5y | 4.7% | Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| EPS growth, 1y | 28.9% | EPS vs the same period a year earlier. Only from a positive base. |
| EPS CAGR, 3y | 17.3% | Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| EPS CAGR, 5y | 12.9% | Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Operating cash flow growth, 1y | 23.2% | Operating cash flow vs the same period a year earlier. Only from a positive base. |
| Operating cash flow CAGR, 3y | 0.7% | Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Operating cash flow CAGR, 5y | 6.0% | Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Free cash flow growth, 1y | 26.3% | Free cash flow vs the same period a year earlier. Only from a positive base. |
| Free cash flow CAGR, 3y | 0.2% | Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Free cash flow CAGR, 5y | 5.7% | Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Dividend per share growth, 1y | 12.0% | Dividend per share vs the same period a year earlier. Only from a positive base. |
| Dividend per share CAGR, 3y | 13.1% | Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Dividend per share CAGR, 5y | 44.1% | Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Book value growth, 1y | 32.2% | Book value vs the same period a year earlier. Only from a positive base. |
| Book value CAGR, 3y | 54.2% | Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Book value CAGR, 5y | -19.7% | Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Total assets growth, 1y | -0.2% | Total assets vs the same period a year earlier. Only from a positive base. |
| Total assets CAGR, 3y | 2.0% | Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Total assets CAGR, 5y | -2.3% | Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Share count change, 1y | -6.2% | Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution. |
| Share count change per year, 3y | -6.4% | Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution. |
| Share count change per year, 5y | -7.4% | Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution. |
Balance sheet health
| Metric | Value | How it is calculated |
|---|---|---|
| Current ratio | 0.72x | Current assets / current liabilities. |
| Quick ratio | 0.56x | (Cash + short-term investments + receivables) / current liabilities. |
| Cash ratio | 0.48x | (Cash + short-term investments) / current liabilities. |
| Debt / assets | 55.6% | Total debt / total assets. |
| Liabilities / assets | 109.0% | Total liabilities / total assets. |
| Net debt | $1.10B | Total debt - cash - short-term investments. Negative means more cash than debt. |
| Working capital | -$228.5M | Current assets - current liabilities. |
| Goodwill and intangibles / assets | 40.2% | (Goodwill + intangible assets) / total assets. |
| Tangible book value | -$1.32B | Shareholders' equity - goodwill - intangible assets. |
Efficiency
| Metric | Value | How it is calculated |
|---|---|---|
| Asset turnover | 1.48x | Revenue / average total assets. |
| Fixed asset turnover | 27.1x | Revenue / average property, plant and equipment. |
| Receivables turnover | 62.4x | Revenue / average receivables. |
| Days sales outstanding | 6 days | 365 x average receivables / revenue. |
| FCF conversion | 105.1% | Free cash flow / net income, when net income is positive. |
| Capex / operating cash flow | 10.8% | Capital expenditures / cash from operations, when that is positive. |
Per share
| Metric | Value | How it is calculated |
|---|---|---|
| EPS, diluted | $5.78 | Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS. |
| Revenue per share | $32.23 | Revenue / diluted weighted shares. |
| FCF per share | $6.07 | Free cash flow / diluted weighted shares. |
| Operating cash flow per share | $6.80 | Cash from operations / diluted weighted shares. |
| Book value per share | -$1.97 | Shareholders' equity / shares outstanding (diluted weighted shares when not reported). |
| Tangible book per share | -$10.75 | Tangible book value / shares outstanding. |
| Cash per share | $3.17 | (Cash + short-term investments) / shares outstanding. |
| Payout ratio | 30.0% | Dividends paid / net income, when net income is positive. |
| Dividends / FCF | 28.6% | Dividends paid / free cash flow, when free cash flow is positive. |
Valuation
| Metric | Value | How it is calculated |
|---|---|---|
| Market cap | $6.24B | Share price x shares outstanding. |
| Enterprise value | $7.34B | Market cap + total debt - cash - short-term investments. |
| P/E | 8.78x | Market cap / net income. Only when net income is positive. |
| P/S | 1.57x | Market cap / revenue. |
| P/FCF | 8.35x | Market cap / free cash flow. Only when free cash flow is positive. |
| P/OCF | 7.45x | Market cap / cash from operations, when positive. |
| EV/Sales | 1.85x | Enterprise value / revenue. |
| EV/FCF | 9.83x | Enterprise value / free cash flow, when both are positive. |
| FCF yield | 12.0% | Free cash flow / market cap. |
| Earnings yield | 11.4% | Net income / market cap (the inverse of P/E). |
| Dividend yield | 3.4% | Dividends paid over the period / market cap. |
| Shareholder yield | 3.4% | (Dividends paid + share buybacks) / market cap. |
| PEG | 0.51x | P/E / EPS growth per year over 3 years (in percent). Only when both are positive. |
What was H&R BLOCK INC's revenue in fiscal 2026?
H&R BLOCK INC reported revenue of $3.95B for fiscal 2026, 4.9% higher than the year before.
Was H&R BLOCK INC profitable in fiscal 2026?
Yes. Net income was $733.6M, a net margin of 18.6%.
How much free cash flow did H&R BLOCK INC generate in fiscal 2026?
Cash from operations of $838.7M minus capital expenditures of $82.6M left free cash flow of $756.1M.