H&R BLOCK INC Goodwill & Intangibles Disclosure
| (in 000s) | ||||||||||||||||||||
| Goodwill | Accumulated Impairment Losses | Net | ||||||||||||||||||
| Balances as of July 1, 2023 | $ | 913,750 | $ | (138,297) | $ | 775,453 | ||||||||||||||
Acquisitions(1) | 19,086 | — | 19,086 | |||||||||||||||||
| Disposals and foreign currency changes, net | (9,313) | — | (9,313) | |||||||||||||||||
| Impairments | — | — | — | |||||||||||||||||
| Balances as of June 30, 2024 | 923,523 | (138,297) | 785,226 | |||||||||||||||||
Acquisitions(1) | 15,579 | — | 15,579 | |||||||||||||||||
| Disposals and foreign currency changes, net | 1,248 | — | 1,248 | |||||||||||||||||
| Impairments | — | — | — | |||||||||||||||||
| Balances as of June 30, 2025 | $ | 940,350 | $ | (138,297) | $ | 802,053 | ||||||||||||||
| (in 000s) | ||||||||||||||||||||
| Gross Carrying Amount | Accumulated Amortization | Net | ||||||||||||||||||
June 30, 2025: | ||||||||||||||||||||
| Reacquired franchise rights | $ | 415,700 | $ | (243,330) | $ | 172,370 | ||||||||||||||
| Customer relationships | 354,107 | (287,067) | 67,040 | |||||||||||||||||
| Internally-developed software | 119,959 | (117,604) | 2,355 | |||||||||||||||||
| Noncompete agreements | 23,070 | (20,188) | 2,882 | |||||||||||||||||
| Purchased technology | 68,100 | (55,655) | 12,445 | |||||||||||||||||
| Trade name | 5,800 | (3,480) | 2,320 | |||||||||||||||||
| $ | 986,736 | $ | (727,324) | $ | 259,412 | |||||||||||||||
June 30, 2024: | ||||||||||||||||||||
| Reacquired franchise rights | $ | 403,955 | $ | (228,157) | $ | 175,798 | ||||||||||||||
| Customer relationships | 331,435 | (270,245) | 61,190 | |||||||||||||||||
| Internally-developed software | 122,673 | (119,610) | 3,063 | |||||||||||||||||
| Noncompete agreements | 21,977 | (19,494) | 2,483 | |||||||||||||||||
| Purchased technology | 70,100 | (51,432) | 18,668 | |||||||||||||||||
| Trade name | 5,800 | (2,900) | 2,900 | |||||||||||||||||
| $ | 955,940 | $ | (691,838) | $ | 264,102 | |||||||||||||||
| (dollars in 000s) | ||||||||||||||
| Amount | Weighted-Average Life (in years) | |||||||||||||
| Customer relationships | $ | 27,712 | 5 | |||||||||||
| Reacquired franchise rights | 11,738 | 6 | ||||||||||||
| Internally-developed software | 2,305 | 3 | ||||||||||||
| Noncompete agreements | 1,259 | 5 | ||||||||||||
| Total | $ | 43,014 | 5 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Aug 15, 2025 | Showing above |
| 2024 | Aug 15, 2024 | |
| 2023 | Aug 17, 2023 | |
| 2022 | Aug 16, 2022 | |
| 2021 | Jun 15, 2021 | |
| 2020 | Jun 17, 2020 | |
| 2019 | Jun 14, 2019 | |
| 2018 | Jun 15, 2018 | |
| 2017 | Jun 16, 2017 | |
| 2016 | Jun 17, 2016 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.