H&R BLOCK INC Segments Disclosure
| Consolidated – Financial Results | (in 000s, except per share amounts) | |||||||||||||||||||
| Year ended June 30, | 2025 | 2024 | 2023 | |||||||||||||||||
| Revenues: | ||||||||||||||||||||
| U.S. tax preparation and related services: | ||||||||||||||||||||
| Assisted tax preparation | $ | 2,413,229 | $ | 2,274,835 | $ | 2,167,138 | ||||||||||||||
| Royalties | 192,877 | 204,802 | 210,631 | |||||||||||||||||
| DIY tax preparation | 383,738 | 349,812 | 314,758 | |||||||||||||||||
| Refund Transfers | 137,526 | 142,249 | 143,310 | |||||||||||||||||
| Peace of Mind® Extended Service Plan | 87,326 | 93,087 | 95,181 | |||||||||||||||||
| Tax Identity Shield® | 29,920 | 33,386 | 38,265 | |||||||||||||||||
Emerald Card® and SpruceSM | 72,888 | 76,093 | 84,651 | |||||||||||||||||
| Interest and fee income on Emerald Advance® | 28,958 | 40,933 | 47,554 | |||||||||||||||||
| International | 246,993 | 247,123 | 235,131 | |||||||||||||||||
| Wave | 109,222 | 96,472 | 90,314 | |||||||||||||||||
| Other | 58,318 | 51,555 | 45,252 | |||||||||||||||||
| Total revenues | $ | 3,760,995 | $ | 3,610,347 | $ | 3,472,185 | ||||||||||||||
| Compensation and benefits: | ||||||||||||||||||||
| Field wages | 927,360 | 869,002 | 841,742 | |||||||||||||||||
| Other wages | 306,999 | 298,819 | 273,850 | |||||||||||||||||
| Benefits and other compensation | 250,729 | 228,723 | 220,530 | |||||||||||||||||
| 1,485,088 | 1,396,544 | 1,336,122 | ||||||||||||||||||
| Occupancy | 438,868 | 432,461 | 428,167 | |||||||||||||||||
| Marketing and advertising | 285,800 | 277,747 | 286,255 | |||||||||||||||||
| Depreciation and amortization | 116,827 | 121,784 | 130,501 | |||||||||||||||||
| Bad debt | 74,584 | 91,523 | 60,401 | |||||||||||||||||
| Other | 531,858 | 485,011 | 482,041 | |||||||||||||||||
| Total operating expenses | 2,933,025 | 2,805,070 | 2,723,487 | |||||||||||||||||
| Other income (expense), net | 31,546 | 36,125 | 35,492 | |||||||||||||||||
| Interest expense on borrowings | (78,113) | (79,080) | (72,978) | |||||||||||||||||
| Income from continuing operations before income taxes | 781,403 | 762,322 | 711,212 | |||||||||||||||||
| Income taxes | 171,953 | 164,359 | 149,412 | |||||||||||||||||
| Segment net income from continuing operations | $ | 609,450 | $ | 597,963 | $ | 561,800 | ||||||||||||||
| Reconciliation of segment profit: | ||||||||||||||||||||
| Reconciling items: | ||||||||||||||||||||
| Net loss from discontinued operations | (3,677) | (2,646) | (8,100) | |||||||||||||||||
| Net income | $ | 605,773 | $ | 595,317 | $ | 553,700 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Aug 15, 2025 | Showing above |
| 2018 | Jun 15, 2018 | |
| 2017 | Jun 16, 2017 | |
| 2016 | Jun 17, 2016 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.