H&R BLOCK INC

Listed Company

HRBCIK 0000012659NYSELarge AcceleratedServices-Personal ServicesMissouriFY ends Jun 30

Period

FY 2025

Revenue

$3.76B

Net Income

$605.77M

Total Assets

$3.26B

Equity

$88.90M

Shares Out

126.76M

Op. Cash Flow

$680.88M

Business

H&R Block Inc provides tax preparation services, financial products, and small business solutions that combine digital technology with human tax professionals. It offers assisted and do-it-yourself tax preparation (in-person, virtual, online and desktop), a mobile banking app (Spruce), prepaid debit products (Emerald Card), refund and advance options, identity protection, small business bookkeeping, payroll and payments via Block Advisors and Wave, and related financial services. The company reports a single segment encompassing all continuing operations and operates branded retail and franchise channels. Its services are distributed primarily in the United States, Canada and Australia through offices, franchises, online and mobile platforms and bank partnerships.

Summary from filing dated 2025-08-15

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-04-30
Revenues	3,761	3,610	3,472	3,463	3,414
Costs of revenues	2,086	1,992	1,923	1,881	1,842
Impairment of goodwill	0	0	0	0	0
Selling, general and administrative	847	814	800	837	802
Total operating expenses	2,933	2,805	2,723	2,718	2,644
Other income (expense), net	32	36	35	2	6
Interest expense on borrowings	−78	−79	−73	−88	−107
Income from continuing operations before income taxes	781	762	711	659	711
Income taxes	172	164	149	98	149
Net income from continuing operations	609	598	562	561	590
Net loss from discontinued operations, net of tax benefits of $1,100, $790 and $2,423	−4	−3	−8	−7	−6
NET INCOME	606	595	554	554	584
Continuing operations (in usd per share)	4.47	4.2	3.63	3.31	3.15
Discontinued operations (in usd per share)	−0.02	−0.02	−0.05	−0.04	−0.04
Consolidated (in usd per share)	4.45	4.18	3.58	3.27	3.11
Continuing operations (in usd per share)	4.42	4.14	3.56	3.26	3.11
Discontinued operations (in usd per share)	−0.03	−0.02	−0.05	−0.04	−0.03
Consolidated (in usd per share)	4.39	4.12	3.51	3.22	3.08
Change in foreign currency translation adjustments	1	−12	−15	−22	56
Other comprehensive income (loss)	1	−12	−15	−22	56
Comprehensive income	607	584	538	532	640

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	983	1,053	987	885	1,434
Cash and cash equivalents - restricted	20	22	28	166	150
Receivables, less allowance for credit losses of $55,775 and $61,182	64	69	60	58	89
Prepaid expenses and other current assets	96	95	112	72	76
Total current assets	1,163	1,239	1,187	1,384	2,080
Property and equipment, at cost, less accumulated depreciation and amortization of $828,744 and $838,814	135	131	130	124	139
Operating lease right of use asset	521	462	438	428	446
Intangible assets, net	259	264	277	310	351
Goodwill	802	785	775	760	755
Deferred tax assets and income taxes receivable	318	272	211	209	182
Other noncurrent assets	66	65	53	54	61
Total assets	3,264	3,219	3,072	3,269	4,014
Accounts payable and accrued expenses	144	156	160	161	164
Accrued salaries, wages and payroll taxes	107	106	95	155	169
Accrued income taxes and reserves for uncertain tax positions	296	319	272	280	239
Current portion of long-term debt	350	0	0	0	0
Operating lease liabilities	209	206	205	207	214
Deferred revenue and other current liabilities	192	191	207	196	196
Total current liabilities	1,299	977	939	999	982
Long-term debt	1,143	1,491	1,489	1,487	1,984
Deferred tax liabilities and reserves for uncertain tax positions	306	291	265	226	302
Operating lease liabilities	323	265	241	229	245
Deferred revenue and other noncurrent liabilities	104	103	107	117	114
Total liabilities	3,175	3,128	3,040	3,058	3,626
COMMITMENTS AND CONTINGENCIES	—	—	—	—	—
Common stock, no par, stated value $.01 per share, 800,000,000 shares authorized, shares issued of 164,367,434 and 170,915,771	2	2	2	2	2
Additional paid-in capital	767	763	770	772	779
Accumulated other comprehensive loss	−48	−49	−37	−22	88,000
Retained earnings	12	13	−49	120	287
Less treasury shares, at cost, of 30,420,033 and 31,324,609	−644	−638	−654	−661	−680
Total stockholders' equity	89	91	32	212	388
Total liabilities and stockholders' equity	3,264	3,219	3,072	3,269	4,014

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-04-30
Depreciation and amortization	117	122	131	142	157
Provision for credit losses	65	83	52	67	73
Deferred taxes	−35	−41	50	−53	−23
Stock-based compensation	33	34	31	34	28
Receivables	−62	−108	−57	−38	−151
Prepaid expenses, other current and noncurrent assets	3	−7	−7	−2	−49
Accounts payable, accrued expenses, salaries, wages and payroll taxes	−23	−5	−68	−20	151
Deferred revenue, other current and noncurrent liabilities	−2	−29	−5	7	−1
Income tax receivables, accrued income taxes and income tax reserves	−21	75	144	119	−138
Other, net	−538,000	1	−3	−2	−5
Net cash provided by operating activities	681	721	822	809	626
Capital expenditures	−82	−64	−70	−62	−53
Payments made for business acquisitions, net of cash acquired	−36	−43	−48	−36	−48
Franchise loans funded	−22	−19	−22	−18	−27
Payments from franchisees	24	25	27	31	41
Other, net	10	7	11	9	9
Net cash used in investing activities	−105	−94	−101	−77	−46
Repayments of line of credit borrowings	−1,950	−1,025	−970	−705	−3,275
Proceeds from line of credit borrowings	1,950	1,025	970	705	1,275
Dividends paid	−197	−180	−178	−186	−195
Repurchase of common stock, including shares surrendered	−437	−380	−569	−563	−191
Other, net	−13	−5	−4	−8	−23
Net cash used in financing activities	−647	−564	−751	−1,257	−2,409
Effects of exchange rate changes on cash	−121,000	−3	−5	−8	18
Net increase (decrease) in cash and cash equivalents, including restricted balances	−72	60	−35	−533	−1,810
Income taxes paid (received), net (includes payments for purchased investment tax credits)	227	131	−46	32	236
Interest paid on borrowings	75	76	70	82	104
Accrued additions to property and equipment	3	3	2	4	2
Effective tax rate	0.22	0.22	0.21	0.15	0.12

Filings

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