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H&R Block (HRB) FY2026 results: revenue $3.9 billion, up 4.9% on the year

H&R Block Inc. (HRB) reported revenue of $3.9 billion for fiscal 2026, the year ended 30 June 2026, up 4.9% on the year before. Net income was $734 million, up 21.1%, and diluted earnings per share $5.66. The figures are the company's own, from the 10-K it filed with the SEC on 14 August 2026.

Revenue
$3.9 billion
+4.9% on the year
FY2022FY2026
Operating margin
23.0%
22.0% a year earlier
FY2022FY2026
Net income
$734 million
+21.1% on the year
FY2022FY2026
Diluted EPS
$5.66
+28.9% on the year
FY2022FY2026

this yearthe year beforeHover a bar for its figure.

The year in brief

What management said about the year

Guidance figures: 1 raised, 4 new.

  • Full-year revenue rose 4.9%: Total revenue was $3.95 billion, up $184.4 million or 4.9%. The company attributed the increase to higher net average charge and company-owned volume in assisted preparation, international revenue, and Wave.
  • Tax benefit lifted diluted EPS: Diluted EPS from continuing operations rose 28.7% to $5.69. A one-time non-cash benefit from an IRS examination resolution added $0.65 to fiscal 2026 EPS.
  • Adjusted EPS rose 13.9%: Adjusted net income from continuing operations was $688.0 million, up $44.7 million or 6.9%. Adjusted diluted EPS was $5.31, up 13.9%, driven by fewer shares from repurchases.
  • Fourth-quarter revenue rose 3.0%: Fourth-quarter total revenue was $1.14 billion, up $33.9 million on the prior year. Diluted EPS from continuing operations was $2.31, against $2.21.
  • Quarterly continuing net income declined: Net income from continuing operations was $294.5 million, against $300.4 million. Income taxes were $78.5 million, up from $67.4 million.
Read the Q4 FY2026 earnings call summary

From this 10-K

H&R Block prepares tax returns, both with its own tax professionals and through do-it-yourself software, and offers related financial products and small business services. It was organized as a Missouri corporation in 1955 and is based in Kansas City, Missouri. It serves the general public mainly in the United States, Canada and Australia and reports a single segment.

H&R Block Inc., the 10-K for 2026

H&R Block prepares tax returns, both with its own tax professionals and through do-it-yourself software, and offers related financial products and small business services. It was organized as a Missouri corporation in 1955 and is based in Kansas City, Missouri. It serves the general public mainly in the United States, Canada and Australia and reports a single segment.

Scale

In fiscal 2026, the year to June 30, 2026, it prepared 11.3 million U.S. assisted tax returns, and its clients filed 3.6 million paid do-it-yourself returns online. The company states that 22.3 million returns were filed by or through H&R Block in the U.S., Canada and Australia that year. Because most clients file between February and April, most of its tax preparation business falls in that period, and it generally operates at a loss in the first two quarters of its fiscal year.

How returns get done

Assisted returns are prepared by tax professionals in company-owned and franchise offices, or virtually: clients can visit an office, drop off documents digitally, approve their return online, or have a professional review and sign a return they prepared themselves through Tax Pro Review. Do-it-yourself clients use its online software, mobile app or desktop software, and paid online filers get its generative AI tool, AI Tax Assist, and human help at no extra charge. Assisted and do-it-yourself returns carry a 100% accuracy guarantee. Franchisees pay the company a royalty on their tax preparation revenues.

Other products

In the U.S. it offers Refund Transfers, which let clients receive their refunds and pay their preparation fees out of them; the Peace of Mind Extended Service Plan, which covers audit representation and some additional taxes caused by H&R Block errors; the Emerald Prepaid Mastercard; Spruce, its mobile banking app; Emerald Advance term loans in November and December; Tax Identity Shield; and interest-free Refund Advance loans in January and February. Its bank partner provides the Refund Transfers, cards and loans. In Canada it offers Instant Refund, advancing refunds due from the Canada Revenue Agency for a fee, and Pay With Refund.

Small business

Block Advisors tax professionals provide small businesses with tax, bookkeeping and payroll help through the office network, and Wave offers small business owners an online tool for payment processing, payroll and bookkeeping.

People

It had about 4,600 regular full-time associates at June 30, 2026. Its business depends on a seasonal workforce, and the most people it employed at once during fiscal 2026, including seasonal tax professionals, was about 73,400.

From H&R Block's annual report on Form 10-K for the fiscal year ended 30 June 2026. The filing

Written from the 10-K filed 14 August 2026: read the full 10-K.

The four quarters: Q1 FY2026 · Q2 FY2026 · Q3 FY2026 · Q4 FY2026

Income statement (profit and loss)

$ millionFY2026FY2025FY2024On the yearLast 8 years
Revenue3,9453,7613,610+4.9%
Cost of revenue2,1962,0861,992+5.3%
Gross profit1,7491,6751,619+4.4%
Gross margin44.3%44.5%44.8%
Selling, general and administrative841847814-0.7%
Operating income908828805+9.6%
Operating margin23.0%22.0%22.3%
Interest expense80.678.179.1+3.2%
Pre-tax income854781762+9.3%
Income tax118172164-31.6%
Effective tax rate13.8%22.0%21.6%
Net income734606595+21.1%
Net margin18.6%16.1%16.5%
Diluted EPS$5.66$4.39$4.12+28.9%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2026FY2025FY2024On the yearLast 8 years
Operating cash flow839681721+23.2%
Capital expenditure82.682.063.7+0.7%
Free cash flow756599657+26.3%
Free cash flow margin19.2%15.9%18.2%
Cash from investing-125-105-93.9
Cash from financing-734-647-564
Depreciation and amortisation122117122+4.8%
Share-based compensation30.532.534.3-6.2%
Dividends paid211197180+6.9%
Dividend per share$1.68$1.50$1.28+12.0%
Diluted shares, weighted129m137m144m-6.2%

Balance sheet

$ millionFY2026FY2025FY2024On the yearLast 8 years
Shareholders' equity11788.990.6+32.2%
Debt1,4911,4931,491-0.1%
Operating lease liabilities382323265+18.4%
Other liabilities1,2651,3591,372-6.9%
Total liabilities and equity3,2563,2643,219-0.2%
Fixed assets141135131+4.7%
Goodwill813802785+1.3%
Intangible assets267259264+2.9%
Cash and equivalents9599831,053-2.5%
Receivables58.263.669.1-8.4%
Other assets1,0181,020916-0.2%
Total assets3,2563,2643,219-0.2%

10-K for the year ended 30 June 2026, filed 14 August 2026: the filing.