Consumer Cyclical · Personal Products & Services
Price
$37.22
Market Cap
$4.7B
Employees
70,100
Beta
0.37
Avg Volume
2,442,464
CEO
Curtis A. Campbell
Business Description
H&R Block, Inc., through its subsidiaries, provides assisted and do-it-yourself (DIY) tax return preparation services in the United States, Canada, and Australia. The company also provides Refund Transfers, that enable clients to receive their tax refunds by their chosen method of disbursement; Peace of Mind extended service plans, that represents clients when audited and assumes the cost; H&R Block Emerald Prepaid Mastercard and Spruce, which are debit cards that can be used for everyday purchases and ATM withdrawals; H&R Block Emerald Advance term loans; Tax Identity Shield that provides clients assistance in helping protect their tax identity and access to services to help restore their tax identity; refund advance loans; and H&R Block Instant Refund. In addition, it offers small business financial solutions to manage finances, including payment processing, payroll, and bookkeeping services. The company its solutions through in-person; a system of retail offices operated directly by the company or its franchisees; and online and mobile applications, virtual, and desktop software. H&R Block, Inc. was incorporated in 1955 and is headquartered in Kansas City, Missouri.
Business History
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
6.52
Stock Price: $37.22
EPS (Diluted): 4.52
EPS (Diluted): 4.52
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
82.71
Stock Price: $37.22
Total Equity: $88.90M
Shares: 137,340,000
Total Equity: $88.90M
Shares: 137,340,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
5.58
Market Cap: $4.72B
Total Debt: $2.03B
Cash: $1.00B
EBITDA: $976.34M
Total Debt: $2.03B
Cash: $1.00B
EBITDA: $976.34M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$8.7B
Market Cap: $4.72B
Total Debt: $2.03B
Cash: $1.00B
Total Debt: $2.03B
Cash: $1.00B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
44.5%
Gross Profit: $1.67B
Revenue: $3.76B
Revenue: $3.76B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
22.0%
Operating Income: $827.97M
Revenue: $3.76B
Revenue: $3.76B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
16.1%
Net Income: $605.77M
Revenue: $3.76B
Revenue: $3.76B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-225.8%
Net Income: $605.77M
Total Equity: $88.90M
Total Equity: $88.90M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
38.8%
Operating Income: $827.97M
Tax Rate: 22.0%
Equity: $88.90M
Total Debt: $2.03B
Cash: $1.00B
Tax Rate: 22.0%
Equity: $88.90M
Total Debt: $2.03B
Cash: $1.00B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.90
Current Assets: $1.16B
Current Liabilities: $1.30B
Current Liabilities: $1.30B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
22.78
Short-Term Debt: $559.10M
Long-Term Debt: $1.47B
Total Debt: $2.03B
Total Equity: $88.90M
Long-Term Debt: $1.47B
Total Debt: $2.03B
Total Equity: $88.90M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$27.38
Revenue: $3.76B
Shares: 137,340,000
Shares: 137,340,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$0.65
Total Equity: $88.90M
Shares: 137,340,000
Shares: 137,340,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$4.36
Operating CF: $680.88M
CapEx: -$82.03M
Shares: 137,340,000
CapEx: -$82.03M
Shares: 137,340,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
2.7%
Last Dividend: N/A
Stock Price: $37.22
Stock Price: $37.22
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $605.77M
Net Income: $605.77M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares HRB against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 12:32pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $3.5B | $3.5B | $3.5B | $3.6B | $3.8B |
| Cost of Revenue | $1.9B | $1.9B | $1.9B | $2.0B | $2.1B |
| Gross Profit | $1.6B | $1.6B | $1.5B | $1.6B | $1.7B |
| Operating Expenses | $837.1M | $837.1M | $800.0M | $813.5M | $846.9M |
| Operating Income | $744.9M | $744.9M | $748.7M | $805.3M | $828.0M |
| Net Income | $553.7M | $553.7M | $553.7M | $595.3M | $605.8M |
| EBITDA | $889.5M | $889.5M | $914.7M | $963.2M | $976.3M |
| EPS | $3.00 | $3.46 | $3.63 | $4.18 | $4.52 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 12:33pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $1.1B | $1.1B | $1.0B | $1.1B | $1.0B |
| Total Current Assets | $1.7B | $1.4B | $1.2B | $1.2B | $1.2B |
| Total Assets | $3.7B | $3.3B | $3.1B | $3.2B | $3.3B |
| Current Liabilities | $1.2B | $998.8M | $938.8M | $977.3M | $1.3B |
| Long-Term Debt | $1.7B | $1.7B | $1.7B | $1.8B | $1.5B |
| Total Liabilities | $3.3B | $3.1B | $3.0B | $3.1B | $3.2B |
| Total Equity | $352.4M | $211.6M | $32.1M | $90.6M | $88.9M |
| Retained Earnings | $248.5M | $120.4M | -$48.7M | $12.7M | $12.1M |
Cash Flow (Annual)
Last updated: Jun 21, 2026 12:33pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $625.9M | $808.5M | $821.8M | $720.9M | $680.9M |
| Capital Expenditure | -$52.8M | -$62.0M | -$69.7M | -$63.7M | -$82.0M |
| Free Cash Flow | $573.1M | $746.6M | $752.1M | $657.2M | $598.8M |
| Acquisitions (net) | -$15.6M | -$35.9M | -$48.2M | -$43.4M | -$35.5M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$191.3M | -$563.2M | -$569.0M | -$379.6M | -$437.1M |
| Net Change in Cash | -$1.8B | -$533.5M | -$35.4M | $59.9M | -$72.1M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 9:06am (1h ago)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$3.7B $3.7B – $3.7B
|
$3.9B $3.9B – $3.9B
|
$4.1B $4.0B – $4.1B
|
$4.2B $4.1B – $4.2B
|
| EBITDA |
$971.1M $960.3M – $977.5M
|
$1.0B $1.0B – $1.0B
|
$1.1B $1.0B – $1.1B
|
$1.1B $1.1B – $1.1B
|
| Net Income |
$723.1M $718.3M – $727.9M
|
$708.7M $705.9M – $711.4M
|
$798.2M $788.3M – $808.2M
|
$1.1B $1.0B – $1.1B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 12:32pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +0.0% | +0.3% | +4.0% | +4.2% |
| Gross Profit Growth | +0.0% | -2.1% | +4.5% | +3.5% |
| Operating Income Growth | +0.0% | +0.5% | +7.6% | +2.8% |
| Net Income Growth | +0.0% | +0.0% | +7.5% | +1.8% |
| EBITDA Growth | +0.0% | +2.8% | +5.3% | +1.4% |
Insider Trading (Recent)
Last updated: Jun 27, 2026 9:06am (1h ago)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-03 | Campbell Curtis A | F-InKind | 1,016.00 | $37.96 | $38,567 |
| 2026-01-22 | Plaines Stephanie | A-Award | 3,727.00 | $0.00 | $0 |
| 2026-01-22 | Charnaux Christian H. | A-Award | 3,727.00 | $0.00 | $0 |
| 2026-01-22 | Breig Geralyn | A-Award | 3,727.00 | $0.00 | $0 |
| 2026-01-20 | Breig Geralyn | 0.00 | $0.00 | $0 | |
| 2026-01-20 | Charnaux Christian H. | 0.00 | $0.00 | $0 | |
| 2026-01-20 | Plaines Stephanie | 0.00 | $0.00 | $0 | |
| 2026-01-05 | Darling Mark J. | A-Award | 1,481.00 | $0.00 | $0 |
| 2026-01-05 | Campbell Curtis A | A-Award | 17,216.00 | $0.00 | $0 |
| 2026-01-01 | Darling Mark J. | 0.00 | $0.00 | $0 | |
| 2025-11-19 | Jones Jeffrey J II | M-Exempt | 128,818.00 | $29.73 | $3.8M |
| 2025-11-19 | Jones Jeffrey J II | G-Gift | 45,000.00 | $0.00 | $0 |
| 2025-11-19 | Jones Jeffrey J II | S-Sale | 128,818.00 | $44.54 | $5.7M |
| 2025-11-19 | Jones Jeffrey J II | M-Exempt | 128,818.00 | $29.73 | $3.8M |
| 2025-11-12 | Jones Jeffrey J II | M-Exempt | 145,087.00 | $29.73 | $4.3M |
| 2025-11-12 | Jones Jeffrey J II | S-Sale | 176,449.00 | $46.46 | $8.2M |
| 2025-11-12 | Jones Jeffrey J II | M-Exempt | 145,087.00 | $29.73 | $4.3M |
| 2025-11-05 | Cohan Sean | A-Award | 3,927.00 | $0.00 | $0 |
| 2025-11-05 | Gerard Robert A | A-Award | 3,927.00 | $0.00 | $0 |
| 2025-11-05 | Gupta Anuradha | A-Award | 3,927.00 | $0.00 | $0 |
Dividend History (Last 20)
Last updated: Jun 25, 2026 9:02am (2d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-06-03 | $0.42 | 2026-05-04 | 2026-06-03 | 2026-07-07 |
| 2026-03-04 | $0.42 | 2026-02-04 | 2026-03-04 | 2026-04-06 |
| 2025-12-04 | $0.42 | 2025-11-04 | 2025-12-04 | 2026-01-06 |
| 2025-09-04 | $0.42 | 2025-08-12 | 2025-09-04 | 2025-10-06 |
| 2025-06-04 | $0.38 | 2025-05-06 | 2025-06-04 | 2025-07-03 |
| 2025-03-04 | $0.38 | 2025-02-06 | 2025-03-04 | 2025-04-03 |
| 2024-12-05 | $0.38 | 2024-11-06 | 2024-12-05 | 2025-01-06 |
| 2024-09-05 | $0.38 | 2024-08-15 | 2024-09-05 | 2024-10-03 |
| 2024-06-05 | $0.32 | 2024-05-07 | 2024-06-05 | 2024-07-03 |
| 2024-03-04 | $0.32 | 2024-01-31 | 2024-03-05 | 2024-04-03 |
| 2023-12-04 | $0.32 | 2023-11-02 | 2023-12-05 | 2024-01-04 |
| 2023-09-06 | $0.32 | 2023-08-15 | 2023-09-07 | 2023-10-04 |
| 2023-06-06 | $0.29 | 2023-05-01 | 2023-06-07 | 2023-07-06 |
| 2023-03-06 | $0.29 | 2023-02-01 | 2023-03-07 | 2023-04-05 |
| 2022-12-05 | $0.29 | 2022-11-03 | 2022-12-06 | 2023-01-03 |
| 2022-09-07 | $0.29 | 2022-08-09 | 2022-09-08 | 2022-10-03 |
| 2022-06-07 | $0.27 | 2022-05-02 | 2022-06-08 | 2022-07-01 |
| 2022-03-07 | $0.27 | 2022-02-02 | 2022-03-08 | 2022-04-01 |
| 2021-12-03 | $0.27 | 2021-11-04 | 2021-12-06 | 2022-01-03 |
| 2021-09-09 | $0.27 | 2021-08-26 | 2021-09-10 | 2021-10-01 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for HRB — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30