H&R Block (HRB) Q1 FY2027 earnings: revenue $224 million, up 10.2% on the year

H&R Block Inc. (HRB) reported revenue of $224 million for Q1 FY2027, the quarter ended 30 September 2026, up 10.2% on the same quarter a year earlier. Net income was -$188 million, and diluted earnings per share $-1.53. The figures are the company's own, from the 10-Q it filed with the SEC on 9 November 2026.

Revenue

$224 million

+10.2% on the year · -80.4% on the quarter

Q2 FY2025Q1 FY2027

Operating margin

-103.4%

-101.7% a year earlier

Q2 FY2025Q1 FY2027

Net income

-$188 million

Q2 FY2025Q1 FY2027

Diluted EPS

-$1.53

Q2 FY2025Q1 FY2027

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 5 kept.

Revenue rose 10.2 percent: Total revenue reached $224.3 million, up $20.8 million from $203.6 million in the prior-year quarter.
Growth came from several services: Management tied the increase to international services, tax protection and identity services, small business services and U.S. tax preparation.
Net loss from continuing operations grew: Net loss from continuing operations was $188.1 million, up 13.8%; loss per share from continuing operations rose 21.4% to $1.53.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q1 FY2027	Q4 FY2026	Q1 FY2026	On the quarter	On the year
Revenue	224	1,145	204	-80.4%	+10.2%
Cost of revenue	310	551	274	-43.6%	+13.2%
Gross profit	-85.9	594	-70.5
Gross margin	-38.3%	51.9%	-34.6%
Selling, general and administrative	146	218	137	-32.9%	+6.9%
Operating income	-232	377	-207
Operating margin	-103.4%	32.9%	-101.7%
Interest expense	-15.5	15.5	17.4
Pre-tax income	-241	373	-216
Income tax	-52.7	78.5	-51.0
Effective tax rate	n/a	21.0%	n/a
Net income	-188	294	-166
Net margin	-84.0%	25.7%	-81.5%
Diluted EPS	-$1.53 basic	$2.30	-$1.26 basic

$ million except per share.

Fourth quarters are the year less the first three quarters. Free 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

$ million	Q1 FY2027	Q4 FY2026	Q1 FY2026	On the quarter	On the year
Operating cash flow	-358	252	-357
Capital expenditure	20.8	15.5	13.2	+34.3%	+57.5%
Free cash flow	-379	237	-370
Free cash flow margin	-169.0%	20.7%	-181.8%
Cash from investing	-35.7	-2.2	-20.9
Cash from financing	-171	-155	-225
Depreciation and amortisation	32.2	32.0	28.9	+0.6%	+11.3%
Share-based compensation	4.9	8.3	6.2	-41.3%	-21.0%
Dividends paid	52.6	53.2	50.2	-1.1%	+4.8%
Dividend per share	n/a	n/a	$0.42
Diluted shares, weighted	123m	127m	131m	-3.1%	-6.3%
Shares outstanding at period end	122m	123m	126m	-1.4%	-3.9%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q1 FY2027	Q4 FY2026	Q1 FY2026	On the quarter	On the year
Shareholders' equity	-242	117	-551
Debt	1,492	1,491	1,735	+0.0%	-14.0%
Operating lease liabilities	380	382	306	-0.4%	+24.3%
Other liabilities	1,056	1,265	1,131	-16.6%	-6.7%
Total liabilities and equity	2,686	3,256	2,621	-17.5%	+2.5%
Fixed assets	146	141	138	+3.4%	+6.3%
Goodwill	817	813	798	+0.6%	+2.5%
Intangible assets	263	267	254	-1.5%	+3.5%
Cash and equivalents	390	959	376	-59.3%	+3.7%
Receivables	63.6	58.2	64.1	+9.2%	-0.8%
Other assets	1,005	1,018	991	-1.3%	+1.4%
Total assets	2,686	3,256	2,621	-17.5%	+2.5%

Questions

What was H&R Block's revenue in Q1 FY2027?

H&R Block (HRB) reported revenue of $224 million for Q1 FY2027, the quarter ended 30 September 2026, up 10.2% on the same quarter a year earlier.

How much did H&R Block earn in Q1 FY2027?

Net loss for Q1 FY2027 was $188 million, and the diluted loss per share $1.53.

When did H&R Block report Q1 FY2027 results?

H&R Block filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 9 November 2026.

Quarterly results, the last 20 quarters

	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *	Q1 FY2027
Revenue	159	2,062	1,050	180	166	2,094	1,032	184	179	2,185	1,063	194	179	2,277	1,111	204	199	2,398	1,145	224
Cost of revenue	289	831	519	261	298	884	481	259	300	926	506	270	314	969	533	274	340	1,032	551	310
Gross profit	-131	1,230	531	-80.7	-132	1,210	551	-75.6	-121	1,259	556	-75.8	-135	1,308	578	-70.5	-141	1,366	594	-85.9
Gross margin	-82%	60%	51%	-45%	-79%	58%	53%	-41%	-67%	58%	52%	-39%	-75%	57%	52%	-35%	-71%	57%	52%	-38%
SG&A	147	345	220	128	151	345	175	131	147	331	205	153	158	329	207	137	158	329	218	146
Operating income	-277	885	312	-209	-283	865	377	-206	-267	928	351	-228	-293	978	371	-207	-299	1,037	377	-232
Operating margin	-175%	43%	30%	-116%	-170%	41%	36%	-112%	-149%	42%	33%	-118%	-164%	43%	33%	-102%	-150%	43%	33%	-103%
Interest expense	23.1	23.7	18.6	15.8	19.0	22.3	15.9	15.9	21.4	26.1	15.8	15.8	21.8	24.7	15.8	17.4	23.4	24.3	15.5	-15.5
Pre-tax income	-299	862	293	-221	-298	855	375	-212	-283	907	350	-232	-312	958	368	-216	-319	1,016	373	-241
Tax rate	n/a	22%	23%	n/a	n/a	24%	19%	n/a	n/a	24%	26%	n/a	n/a	25%	18%	n/a	n/a	16%	21%	n/a
Net income	-191	673	223	-168	-224	643	302	-163	-190	691	258	-173	-243	722	299	-166	-242	848	294	-188
Net margin	-120%	33%	21%	-94%	-134%	31%	29%	-89%	-106%	32%	24%	-89%	-136%	32%	27%	-81%	-122%	35%	26%	-84%
Diluted EPS	-$1.10 basic	$4.05	$1.12	-$1.06 basic	-$1.45 basic	$4.12	$1.96	-$1.12 basic	-$1.33 basic	$4.86	$1.81	-$1.24 basic	-$1.80 basic	$5.31	$2.20	-$1.26 basic	-$1.92 basic	$6.60	$2.30	-$1.53 basic
Operating cash flow	-601	1,287	435	-322	-459	1,279	323	-335	-607	1,362	301	-329	-567	1,325	252	-357	-614	1,558	252	-358
Capital expenditure	23.8	13.3	9.2	16.2	25.3	15.2	13.0	12.9	19.8	21.1	9.8	18.7	30.4	22.7	10.2	13.2	35.5	18.4	15.5	20.8
Free cash flow	-625	1,273	426	-338	-484	1,264	310	-348	-627	1,341	291	-347	-597	1,302	241	-370	-649	1,539	237	-379
Dividends paid	47.9	46.5	43.0	43.1	46.1	44.6	44.2	43.0	46.9	45.3	44.6	44.7	52.3	50.2	50.2	50.2	54.3	53.2	53.2	52.6
Shares outstanding	165m	160m	160m	155m	152m	152m	147m	144m	140m	140m	140m	137m	134m	134m	134m	126m	127m	127m	123m	122m
Filing	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 9 November 2026: the filing.