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H&R Block

HRB NYSE Specialized Consumer Services Financials FY2017–FY2026

H&R Block's revenue rose 4.9% to $3.9 billion in fiscal 2026. Its net margin was 18.6%, up from 16.1% a year earlier. Free cash flow was $756 million, up 26.3%. It paid out $211 million in dividends and buybacks, 28% of free cash flow. The diluted share count fell 6.2%.

Last close · Oct 23, 2026

$49.69

0.8%
Value it Compare
Revenue Total sales reported in the income statement.
$3.9B
4.9% vs prior year
Operating margin Operating income as a share of revenue.
—
Net income Profit after all expenses, interest and tax.
$734M
21.1%
Free cash flow Cash from operations minus capital spending.
$756M
26.3%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
129.0%
10.1 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$6.4B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
8.8x

What H&R Block does

No business description yet.

Legal name
H&R BLOCK INC
Fiscal year ends
June 30, 2026
Latest annual report
—
Accession · CIK
0000012659-26-000026
0000012659

Revenue and margins

H&R Block had $3.9B of revenue in fiscal 2026, up 4.9% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2017 to 2026, diluted EPS grew 12.8% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $756M in fiscal 2026, 19.2% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

H&R Block returned $211M to shareholders in fiscal 2026, 28% of free cash flow. The diluted share count fell 6.2%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value H&R Block yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$533M and divides by 128.9M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 8.8x · peers 22.3x · sector 17.9x.

Balance sheet

Cash, debt and the ratios that show how comfortably H&R Block can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY22FY23FY24FY25FY26
Cash and short-term investments $885M$987M$1.1B$983M$959M
Debt incl. finance leases $1.5B$1.5B$1.5B$1.5B$1.5B
Net debt / EBITDA 0.7x0.6x0.5x0.5x0.5x
Debt / equity 7.0x————
Interest coverage 8.5x10.8x10.6x11.0x11.6x
Current ratio 1.4x1.3x1.3x0.9x1.1x
Quick ratio 1.4x1.3x1.3x0.9x1.1x
Total assets $3.3B$3.1B$3.2B$3.3B$3.3B
Total liabilities $3.1B$3.0B$3.1B$3.2B$3.1B
Shareholders' equity $212M$32.1M$90.6M$88.9M$118M
Net debt (− = net cash) $602M$502M$438M$510M$533M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$14.0M

2 insiders

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
Sep 30, 2026 Mark J. DarlingChief Retail Officer Sold 2,700 $40.69 $0.1M Form 4
Nov 19, 2025 Jeffrey J Jones IIPresident & CEO, Director Sold 128,818 $44.54 $5.7M Form 4
Nov 12, 2025 Jeffrey J Jones IIPresident & CEO, Director Sold 176,449 $46.46 $8.2M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY24FY25FY26
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✕ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✕ ✓ ✓
Current ratio rose ✓ ✕ ✓
Share count didn't rise ✓ ✓ ✓
Gross margin rose ✓ ✕ ✕
Revenue rose relative to assets ✓ ✕ ✓
F-score 8 / 95 / 98 / 9
Accruals ratio −4.0%−2.3%−3.2%
Altman Z'' 2.331.542.26

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
H&R Block HRB $6.4B 4.9% — 19.2% 129.0% 8.8x 8
Service Corp Intl SCI $11.5B 2.9% 22.7% 12.9% 11.3% 21.8x 7 Compare →
ADT ADT — 4.7% 25.5% 33.3% 8.2% — — Compare →
Bright Horizons Family Solutions BFAM $3.7B 9.2% 10.7% 8.8% 11.2% 22.5x 8 Compare →
Frontdoor FTDR $6.0B 13.6% — 18.6% 33.9% 22.3x 7 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
Income statement
Revenue $3.0B $3.2B $3.1B $2.6B $3.4B $3.5B $3.5B $3.6B $3.8B $3.9B
Gross profit $1.4B $1.4B $1.3B $927M $1.6B $1.6B $1.5B $1.6B $1.7B $1.7B
Interest expense $93.0M $89.4M $87.1M $96.1M $107M $88.3M $73.0M $79.1M $78.1M $80.6M
Pretax income $629M $669M $545M −$3.4M $762M $659M $711M $762M $781M $854M
Income tax $208M $41.8M $99.9M −$9.5M $164M $98.4M $149M $164M $172M $118M
Net income $409M $613M $423M −$7.5M $584M $554M $554M $595M $606M $734M
Diluted EPS $1.91 $2.91 $2.04 −$0.04 $3.08 $3.22 $3.51 $4.12 $4.39 $5.66
Diluted shares 0.21B 0.21B 0.21B 0.20B 0.19B 0.17B 0.16B 0.14B 0.14B 0.13B
Cash flow
Cash from operations $552M $850M $607M $109M $626M $809M $822M $721M $681M $839M
Capital expenditure $89.3M $98.6M $95.5M $81.7M $52.8M $62.0M $69.7M $63.7M $82.0M $82.6M
Free cash flow $463M $751M $511M $27.3M $573M $747M $752M $657M $599M $756M
Depreciation and amortization $182M $183M $167M $170M $157M $142M $131M $122M $117M $122M
Stock-based compensation $19.3M $22.0M $23.8M $28.0M $28.3M $34.3M $31.3M $34.3M $32.5M $30.5M
Acquisitions $54.8M $42.5M $43.6M $450M $43.4M $35.9M $48.2M $43.4M $35.5M $57.6M
Share buybacks $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends paid $187M $201M $206M $205M $195M $187M $178M $180M $197M $211M
Dividends and buybacks $187M $200M $205M $205M $195M $186M $178M $180M $197M $211M
Balance sheet
Cash and short-term investments $1.0B $1.5B $1.6B $2.7B $934M $885M $987M $1.1B $983M $959M
Total debt $1.5B $1.5B $1.5B $3.5B $1.5B $1.5B $1.5B $1.5B $1.5B $1.5B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $1.3B $1.9B $2.0B $3.1B $1.7B $1.4B $1.2B $1.2B $1.2B $1.1B
Current liabilities $939M $844M $923M $1.6B $1.2B $999M $939M $977M $1.3B $993M
Inventory $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Property and equipment, net $264M $232M $212M $184M $149M $124M $130M $131M $135M $142M
Total assets $2.7B $3.1B $3.3B $5.1B $3.7B $3.3B $3.1B $3.2B $3.3B $3.3B
Total liabilities $2.8B $2.7B $2.8B $5.0B $3.3B $3.1B $3.0B $3.1B $3.2B $3.1B
Shareholders' equity −$60.9M $394M $542M $71.0M $352M $212M $32.1M $90.6M $88.9M $118M
Margins
Gross margin 45.8% 44.9% 43.2% 35.1% 46.0% 45.7% 44.6% 44.8% 44.5% 44.3%
EBITDA margin 29.8% 29.8% 25.8% 9.9% 30.1% 25.7% 26.3% 26.7% 26.0% 26.8%
Net margin 13.5% 19.4% 13.7% −0.3% 17.1% 16.0% 16.0% 16.5% 16.1% 18.6%
FCF margin 15.3% 23.8% 16.5% 1.0% 16.8% 21.6% 21.7% 18.2% 15.9% 19.2%
Returns
Return on capital 92.9% 185.5% 128.1% 10.7% 75.2% 73.9% 91.9% 124.2% 119.0% 129.0%
Return on capital employed 40.6% 37.4% 27.1% 3.1% 28.8% 31.4% 35.6% 38.5% 40.9% 44.2%
Return on equity — 368.5% 90.4% −2.5% — 196.3% — — — —
Return on assets 14.8% 21.0% 13.1% −0.2% 13.3% 16.0% 17.5% 18.9% 18.7% 22.5%
Growth
Revenue growth −0.1% 4.1% −2.1% −14.7% 29.3% 1.4% 0.3% 4.0% 4.2% 4.9%
Net income growth 9.3% 49.9% −31.1% −101.8% — −5.2% 0.0% 7.5% 1.8% 21.1%
EPS growth 28.2% 52.4% −29.9% −102.0% — 4.6% 9.0% 17.4% 6.6% 28.9%
FCF growth 4.1% 62.3% −32.0% −94.7% 2,001.3% 30.3% 0.7% −12.6% −8.9% 26.3%
Share count change −14.6% −1.8% −1.7% −4.2% −4.7% −9.2% −8.3% −8.5% −4.6% −6.2%
Financial health
Net debt / EBITDA 0.5x −0.1x −0.1x 3.2x 0.5x 0.7x 0.6x 0.5x 0.5x 0.5x
Debt / equity — 3.8x 2.8x — 4.2x 7.0x — — — —
Interest coverage 7.8x 8.5x 7.3x 1.0x 8.1x 8.5x 10.8x 10.6x 11.0x 11.6x
Current ratio 1.4x 2.2x 2.2x 2.0x 1.5x 1.4x 1.3x 1.3x 0.9x 1.1x
Quick ratio 1.4x 2.2x 2.2x 2.0x 1.5x 1.4x 1.3x 1.3x 0.9x 1.1x
Capital allocation
Capex / revenue 2.9% 3.1% 3.1% 3.1% 1.6% 1.8% 2.0% 1.8% 2.2% 2.1%
Stock comp / revenue 0.6% 0.7% 0.8% 1.1% 0.8% 1.0% 0.9% 1.0% 0.9% 0.8%
Payouts / FCF 40.4% 26.7% 40.2% 751.1% 34.0% 25.0% 23.7% 27.4% 33.0% 27.9%
Quality scores
Piotroski F-score 8.0 8.0 5.0 3.0 7.0 6.0 6.0 8.0 5.0 8.0
Altman Z'' 2.7 4.3 4.1 2.1 2.9 2.5 2.2 2.3 1.5 2.3
Accruals ratio −5.2% −8.1% −5.7% −2.8% −1.0% −7.4% −8.5% −4.0% −2.3% −3.2%

Source: SEC EDGAR XBRL filings (CIK 0000012659). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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