H&R Block
Combines tax professionals, DIY filing software, and small-business financial tools.
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Profile
Combines tax professionals, DIY software, and online filing for consumer tax preparation. Extends the model with Spruce mobile banking and Block Advisors and Wave small-business services.
Combines tax professionals with DIY software and online filing for consumer tax preparation. The model pairs digital tools with human expertise and care.
Spruce is its mobile-banking app. Block Advisors and Wave provide small businesses with year-round bookkeeping, payroll, advisory, and payment-processing services. Consumer tax offerings also include financial products.
The retail-office model builds on a network expanded from its Kansas City founding and is supported by a seasonal workforce.
The consumer-tax business operates with seasonal tax professionals, while online and software channels complement the in-office preparation service for clients.
Company facts
Categories
Key statistics
Year to date +23.2% · Average volume (30d) 2.3M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 12, 2026 | Barrington | Target | $50 | $60 | |
| Aug 12, 2026 | Goldman Sachs | Reiterate | Sell | $32 | $33 |
| Feb 6, 2026 | Goldman Sachs | Target | $22.60 | $32 | |
| Feb 4, 2026 | Barrington | Target | $62 | $50 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 11, 2026Q4 FY26 | $2.21 | $2.38 | +7.7% | $1.12B | $1.14B | +2.4% | +16.09% |
| May 6, 2026Q3 FY26 | $5.69 | $6.02 | +5.8% | $2.34B | $2.40B | +2.7% | +23.77% |
| Feb 3, 2026Q2 FY26 | −$1.96 | −$1.84 | +6.1% | $187.4M | $198.9M | +6.1% | −7.10% |
| Nov 6, 2025Q1 FY26 | −$1.35 | −$1.20 | +11.3% | $200.1M | $203.6M | +1.7% | −3.52% |
Financial highlights
| 12 quarters | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.28B | $1.11B | $203.6M | $198.9M | $2.40B | $1.14B | |
| Gross profit | $1.31B | $578.1M | $17.9M | $168.9M | $1.37B | $828.4M | |
| Operating income | $978.3M | $371.3M | −$95.4M | −$298.9M | $1.04B | $376.8M | |
| Net income | $722.3M | $299.4M | −$165.8M | −$242.2M | $847.9M | $293.7M | |
| Diluted EPS | $5.32 | $2.20 | −$1.26 | −$1.91 | $6.60 | $2.31 | |
| Gross margin | 57.4% | 52.0% | 8.8% | 84.9% | 57.0% | 72.4% | |
| Operating margin | 43.0% | 33.4% | -46.9% | -150.3% | 43.2% | 32.9% |
Fiscal years (4-quarter sums)FY22 $3.46B · FY23 $3.47B · FY24 $3.61B · FY25 $3.76B · FY26 $3.95B
Revenue by product · Q3 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $958.7M · Total debt $2.10B · Total assets $3.26B · Shareholders' equity $117.5M
Dividends
Raised for 28 straight years — most recently to $0.42 from $0.375 in Sep 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 3, 2026 | Jun 3 | Jul 7 | $0.42 | |
| Mar 4, 2026 | Mar 4 | Apr 6 | $0.42 | |
| Dec 4, 2025 | Dec 4 | Jan 6 | $0.42 | |
| Sep 4, 2025 | Sep 4 | Oct 6 | $0.42 | raised from $0.375 |
| Jun 4, 2025 | Jun 4 | Jul 3 | $0.375 | |
| Mar 4, 2025 | Mar 4 | Apr 3 | $0.375 | |
| Dec 5, 2024 | Dec 5 | Jan 6 | $0.375 | |
| Sep 5, 2024 | Sep 5 | Oct 3 | $0.375 | raised from $0.32 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 126.76M · Float 125.66M · 99.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 16.33M | 12.88% | 13F | Aug 7, 2026 |
| FMR LLC | 15.74M | 12.42% | 13F | Aug 13, 2026 |
| AQR Capital Management LLC | 9.62M | 7.59% | 13F | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 6.21M | 4.90% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 5.71M | 4.51% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Nov 19, 2025 | Jeffrey J. II Jones | director, officer: President & CEO | −128,818 | $44.54 |
| Nov 12, 2025 | Jeffrey J. II Jones | director, officer: President & CEO | −176,449 | $46.46 |
Peers
- Intuit
Direct overlap in DIY tax filing and small-business financial software
- ADP
Payroll and payroll-tax administration services for small businesses
- Paychex
Integrated payroll and payroll-tax services for small businesses
- Block
Small-business payment acceptance and consumer mobile-finance platform
