Block (H.&R.), Inc. Financials

HRB

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE June

This page shows Block (H.&R.), Inc. (HRB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Key Financial Metrics

Revenue

$3.8B

YoY+8.6%

5Y CAGR+3.5%

10Y CAGR+2.6%

Block (H.&R.), Inc. generated $3.8B in revenue in fiscal year 2025. This represents an increase of 8.6% from the prior year.

EBITDA

N/A

Free Cash Flow

$598.8M

YoY-19.8%

5Y CAGR-4.4%

10Y CAGR+4.5%

Block (H.&R.), Inc. generated $598.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 19.8% from the prior year.

Net Income

$605.8M

YoY+9.4%

5Y CAGR-0.2%

10Y CAGR+3.4%

Block (H.&R.), Inc. reported $605.8M in net income in fiscal year 2025. This represents an increase of 9.4% from the prior year.

EPS (Diluted)

$4.39

YoY+36.3%

5Y CAGR+8.6%

10Y CAGR+10.8%

Block (H.&R.), Inc. earned $4.39 per diluted share (EPS) in fiscal year 2025. This represents an increase of 36.3% from the prior year.

Cash & Debt

$983.3M

YoY+11.1%

5Y CAGR+0.1%

10Y CAGR-1.7%

Block (H.&R.), Inc. held $983.3M in cash against $1.1B in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.50

YoY+38.9%

5Y CAGR+9.3%

10Y CAGR+6.5%

Block (H.&R.), Inc. paid $1.50 per share in dividends in fiscal year 2025. This represents an increase of 38.9% from the prior year.

Shares Outstanding

134M

YoY-16.3%

5Y CAGR-8.5%

10Y CAGR-6.9%

Block (H.&R.), Inc. had 134M shares outstanding in fiscal year 2025. This represents a decrease of 16.3% from the prior year.

Gross Margin

44.5%

YoY-1.2pp

5Y CAGR-0.4pp

10Y CAGR-2.8pp

Block (H.&R.), Inc.'s gross margin was 44.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.2 percentage points from the prior year.

Operating Margin

N/A

Net Margin

16.1%

YoY+0.1pp

5Y CAGR-3.3pp

10Y CAGR+1.2pp

Block (H.&R.), Inc.'s net profit margin was 16.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.1 percentage points from the prior year.

Return on Equity

681.4%

YoY+419.8pp

5Y CAGR+362.1pp

10Y CAGR+642.2pp

Block (H.&R.), Inc.'s ROE was 681.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 419.8 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$82.0M

YoY+32.4%

5Y CAGR-3.6%

10Y CAGR-3.2%

Block (H.&R.), Inc. invested $82.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 32.4% from the prior year.

HRB Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$3.8B+8.6%	$3.5B+1.4%	$3.4B+29.3%	$2.6B-14.7%	$3.1B-2.1%	$3.2B
Cost of Revenue	$2.1B+10.9%	$1.9B+2.1%	$1.8B+7.6%	$1.7B-2.5%	$1.8B+1.0%	$1.7B
Gross Profit	$1.7B+5.9%	$1.6B+0.6%	$1.6B+69.5%	$927.4M-30.7%	$1.3B-5.8%	$1.4B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$846.9M+1.2%	$837.1M+4.3%	$802.3M+7.8%	$744.4M+3.1%	$722.2M+8.1%	$668.2M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$78.1M-11.5%	$88.3M-17.4%	$106.9M+11.2%	$96.1M+10.4%	$87.1M-2.6%	$89.4M
Income Tax	$172.0M+74.7%	$98.4M-34.1%	$149.4M+1667.8%	-$9.5M-109.5%	$99.9M+138.9%	$41.8M
Net Income	$605.8M+9.4%	$553.7M-5.2%	$583.8M+7857.0%	-$7.5M-101.8%	$422.5M-31.1%	$613.1M
EPS (Diluted)	$4.39+36.3%	$3.22+4.5%	$3.08+7800.0%	$-0.04-102.0%	$2.04-29.9%	$2.91

Metric	Q2'26	Q1'25	Q3'25	Q2'25	Q2'24	Q3'24	Q1'24	Q2'23
Revenue	$198.9M-2.3%	$203.6M-91.1%	$2.3B+1171.5%	$179.1M+7.6%	$166.4M-92.1%	$2.1B+1063.2%	$180.0M+13.3%	$158.8M
Cost of Revenue	$339.9M+24.1%	$274.0M-71.7%	$969.4M+223.3%	$299.8M+0.5%	$298.3M-66.2%	$883.7M+239.0%	$260.7M-9.9%	$289.3M
Gross Profit	-$141.1M-100.2%	-$70.5M-105.4%	$1.3B+1183.0%	-$120.7M+8.5%	-$131.9M-110.9%	$1.2B+1599.8%	-$80.7M+38.2%	-$130.5M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$157.8M+15.6%	$136.6M-58.5%	$329.4M+124.6%	$146.7M-3.0%	$151.3M-56.2%	$345.5M+169.0%	$128.4M-12.5%	$146.8M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$23.4M+34.3%	$17.4M-29.5%	$24.7M+15.5%	$21.4M+12.5%	$19.0M-14.9%	$22.3M+40.9%	$15.8M-31.5%	$23.1M
Income Tax	-$77.7M-52.4%	-$51.0M-121.7%	$235.3M+350.9%	-$93.8M-21.5%	-$77.1M-136.8%	$209.4M+488.0%	-$54.0M+50.9%	-$109.8M
Net Income	-$242.2M-46.0%	-$165.8M-123.0%	$722.3M+480.7%	-$189.8M+15.1%	-$223.6M-134.7%	$643.4M+482.0%	-$168.4M+11.6%	-$190.6M
EPS (Diluted)	$-1.91-51.6%	$-1.26-123.7%	$5.31+499.2%	$-1.33+7.0%	$-1.43-134.7%	$4.12+492.4%	$-1.05+3.7%	$-1.09

HRB Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$3.3B-0.2%	$3.3B-18.6%	$4.0B-19.7%	$5.0B+60.7%	$3.1B+19.4%	$2.6B
Current Assets	$1.2B-16.0%	$1.4B-33.5%	$2.1B-30.6%	$3.0B+216.6%	$946.7M-26.2%	$1.3B
Cash & Equivalents	$983.3M+11.1%	$885.0M-38.3%	$1.4B-44.8%	$2.6B+327.6%	$607.7M-37.9%	$979.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$63.6M+8.9%	$58.4M-34.3%	$88.9M-8.5%	$97.2M+27.7%	$76.1M+7.9%	$70.6M
Goodwill	$802.1M+5.5%	$760.4M+0.8%	$754.5M+4.2%	$724.3M-11.8%	$821.3M+61.7%	$507.9M
Total Liabilities	$3.2B+3.8%	$3.1B-15.7%	$3.6B-25.4%	$4.9B+72.5%	$2.8B+16.8%	$2.4B
Current Liabilities	$1.3B+30.0%	$998.8M+1.7%	$982.5M+28.3%	$766.0M+4.5%	$733.0M+30.0%	$564.0M
Long-Term Debt	$1.1B-23.1%	$1.5B-25.0%	$2.0B-43.3%	$3.5B+134.1%	$1.5B-0.1%	$1.5B
Total Equity	$88.9M-58.0%	$211.6M-45.5%	$388.1M+1464.6%	$24.8M-91.5%	$290.8M+51.5%	$192.0M
Retained Earnings	$12.1M-90.0%	$120.4M-58.0%	$286.7M+245.7%	$82.9M-66.9%	$250.7M+53.3%	$163.6M

Metric	Q2'26	Q1'25	Q3'25	Q2'25	Q2'24	Q3'24	Q1'24	Q2'23
Total Assets	$2.9B+11.8%	$2.6B-19.2%	$3.2B+0.8%	$3.2B+4.8%	$3.1B-2.7%	$3.2B+23.4%	$2.6B-21.7%	$3.3B
Current Assets	$841.8M+49.2%	$564.2M-54.7%	$1.2B+0.6%	$1.2B+4.4%	$1.2B-8.9%	$1.3B+79.8%	$724.4M-47.7%	$1.4B
Cash & Equivalents	$349.2M-7.2%	$376.4M-51.3%	$772.9M-26.6%	$1.1B+6.7%	$987.0M+8.6%	$909.1M+181.6%	$322.8M-63.5%	$885.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$352.5M+449.5%	$64.1M-81.8%	$352.4M+410.2%	$69.1M+15.1%	$60.0M-75.9%	$249.2M+308.2%	$61.0M+4.4%	$58.4M
Goodwill	$815.6M+2.2%	$797.7M+1.5%	$785.9M+0.1%	$785.2M+1.3%	$775.5M+0.8%	$769.6M+3.1%	$746.7M-1.8%	$760.4M
Total Liabilities	$3.8B+18.3%	$3.2B-7.7%	$3.4B+9.9%	$3.1B+2.9%	$3.0B-4.8%	$3.2B+13.1%	$2.8B-7.6%	$3.1B
Current Liabilities	$654.8M-11.5%	$739.6M-53.5%	$1.6B+62.7%	$977.3M+4.1%	$938.8M-15.8%	$1.1B+41.2%	$790.2M-20.9%	$998.8M
Long-Term Debt	$2.4B+40.4%	$1.7B+51.8%	$1.1B-23.4%	$1.5B+0.1%	$1.5B0.0%	$1.5B+0.1%	$1.5B0.0%	$1.5B
Total Equity	-$823.1M-49.4%	-$550.9M0.0%	-$550.9M-708.1%	$90.6M+182.5%	$32.1M+188.1%	-$36.4M+86.3%	-$265.0M-225.2%	$211.6M
Retained Earnings	-$904.8M-48.5%	-$609.3M-157.2%	-$236.9M-1972.2%	$12.7M+126.0%	-$48.7M+55.5%	-$109.4M+64.9%	-$311.7M-358.9%	$120.4M

HRB Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$680.9M-15.8%	$808.5M+29.2%	$625.9M+474.5%	$109.0M-82.0%	$606.5M-28.6%	$850.0M
Capital Expenditures	$82.0M+32.4%	$62.0M+17.4%	$52.8M-35.4%	$81.7M-14.5%	$95.5M-3.1%	$98.6M
Free Cash Flow	$598.8M-19.8%	$746.6M+30.3%	$573.1M+2001.2%	$27.3M-94.7%	$511.0M-32.0%	$751.4M
Investing Cash Flow	-$105.4M-37.7%	-$76.5M-68.1%	-$45.5M+90.3%	-$470.2M-203.1%	-$155.1M-38.4%	-$112.1M
Financing Cash Flow	-$647.4M+48.5%	-$1.3B+47.8%	-$2.4B-257.2%	$1.5B+479.5%	-$403.7M-111.7%	-$190.7M
Dividends Paid	$197.3M+5.8%	$186.5M-4.4%	$195.1M-4.8%	$204.9M-0.3%	$205.5M+2.5%	$200.5M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'25	Q3'25	Q2'25	Q2'24	Q3'24	Q1'24	Q2'23
Operating Cash Flow	N/A	-$356.8M	N/A	N/A	N/A	N/A	-$321.7M-1023.6%	$34.8M
Capital Expenditures	N/A	$13.2M	N/A	N/A	N/A	N/A	$16.2M+211.5%	$5.2M
Free Cash Flow	N/A	-$370.0M	N/A	N/A	N/A	N/A	-$337.8M-1239.8%	$29.6M
Investing Cash Flow	N/A	-$20.9M	N/A	N/A	N/A	N/A	-$37.4M-1111.9%	$3.7M
Financing Cash Flow	N/A	-$225.0M	N/A	N/A	N/A	N/A	-$246.9M-151.0%	$484.5M
Dividends Paid	N/A	$50.2M	N/A	N/A	N/A	N/A	$43.1M	$0
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

HRB Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	44.5%-1.2pp	45.7%-0.4pp	46.0%+10.9pp	35.1%-8.1pp	43.2%-1.7pp	44.9%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	16.1%+0.1pp	16.0%-1.1pp	17.1%+17.4pp	-0.3%-13.9pp	13.7%-5.8pp	19.4%
Return on Equity	681.4%+419.8pp	261.6%+111.2pp	150.4%	N/A	145.3%-174.0pp	319.3%
Return on Assets	18.6%+1.6pp	16.9%+2.4pp	14.5%+14.7pp	-0.1%-13.7pp	13.6%-10.0pp	23.5%
Current Ratio	0.90-0.5	1.39-0.7	2.12-1.8	3.91+2.6	1.29-1.0	2.27
Debt-to-Equity	12.86+5.8	7.03+1.9	5.11-135.8	140.95+135.8	5.13-2.7	7.79
FCF Margin	15.9%-5.6pp	21.6%+4.8pp	16.8%+15.8pp	1.0%-15.5pp	16.5%-7.3pp	23.8%

Metric	Q2'26	Q1'25	Q3'25	Q2'25	Q2'24	Q3'24	Q1'24	Q2'23
Gross Margin	-70.9%-36.3pp	-34.6%-92.1pp	57.4%+124.8pp	-67.4%+11.9pp	-79.3%-137.1pp	57.8%+102.6pp	-44.8%+37.4pp	-82.2%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-121.8%-40.3pp	-81.5%-113.2pp	31.7%+137.7pp	-106.0%+28.4pp	-134.4%-165.1pp	30.7%+124.3pp	-93.6%+26.4pp	-120.0%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	23.1%
Return on Assets	-8.3%-1.9pp	-6.3%-28.6pp	22.3%+29.1pp	-6.8%+1.8pp	-8.6%-29.0pp	20.4%+27.0pp	-6.6%-0.4pp	-6.2%
Current Ratio	1.29+0.5	0.76-0.0	0.78-0.5	1.270.0	1.26+0.1	1.17+0.3	0.92-0.5	1.39
Debt-to-Equity	-2.96+0.2	-3.15-1.1	-2.07-18.5	16.46-30.0	46.44+87.3	-40.90-35.3	-5.61-12.6	7.03
FCF Margin	N/A	-181.8%	N/A	N/A	N/A	N/A	-187.7%-194.1pp	6.4%

Note: The current ratio is below 1.0 (0.90), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Financial Health Signals

Financial Profile 50/100

Profitability

N/A

Growth

Leverage

Liquidity

Cash Flow

Returns

100

Based on FY2025 annual data. Scores normalized against common benchmarks.

Piotroski F-Score Strong

7/9

Financial strength trend (9 signals). 7-9 = strong, 0-3 = weak.

Earnings Quality Cash-Backed

1.12x

Operating cash flow vs net income. Above 1.0x = cash-backed earnings.

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Frequently Asked Questions

What is Block (H.&R.), Inc.'s annual revenue?

Block (H.&R.), Inc. (HRB) reported $3.8B in total revenue for fiscal year 2025. This represents a 8.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Block (H.&R.), Inc.'s revenue growing?

Block (H.&R.), Inc. (HRB) revenue grew by 8.6% year-over-year, from $3.5B to $3.8B in fiscal year 2025.

Is Block (H.&R.), Inc. profitable?

Yes, Block (H.&R.), Inc. (HRB) reported a net income of $605.8M in fiscal year 2025, with a net profit margin of 16.1%.

What is Block (H.&R.), Inc.'s earnings per share (EPS)?

Block (H.&R.), Inc. (HRB) reported diluted earnings per share of $4.39 for fiscal year 2025. This represents a 36.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Block (H.&R.), Inc. have?

As of fiscal year 2025, Block (H.&R.), Inc. (HRB) had $983.3M in cash and equivalents against $1.1B in long-term debt.

What is Block (H.&R.), Inc.'s gross margin?

Block (H.&R.), Inc. (HRB) had a gross margin of 44.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Block (H.&R.), Inc.'s net profit margin?

Block (H.&R.), Inc. (HRB) had a net profit margin of 16.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Block (H.&R.), Inc. pay dividends?

Yes, Block (H.&R.), Inc. (HRB) paid $1.50 per share in dividends during fiscal year 2025.

What is Block (H.&R.), Inc.'s return on equity (ROE)?

Block (H.&R.), Inc. (HRB) has a return on equity of 681.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Block (H.&R.), Inc.'s free cash flow?

Block (H.&R.), Inc. (HRB) generated $598.8M in free cash flow during fiscal year 2025. This represents a -19.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Block (H.&R.), Inc.'s operating cash flow?

Block (H.&R.), Inc. (HRB) generated $680.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Block (H.&R.), Inc.'s total assets?

Block (H.&R.), Inc. (HRB) had $3.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Block (H.&R.), Inc.'s capital expenditures?

Block (H.&R.), Inc. (HRB) invested $82.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Block (H.&R.), Inc. have outstanding?

Block (H.&R.), Inc. (HRB) had 134M shares outstanding as of fiscal year 2025.

What is Block (H.&R.), Inc.'s current ratio?

Block (H.&R.), Inc. (HRB) had a current ratio of 0.90 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Block (H.&R.), Inc.'s debt-to-equity ratio?

Block (H.&R.), Inc. (HRB) had a debt-to-equity ratio of 12.86 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Block (H.&R.), Inc.'s return on assets (ROA)?

Block (H.&R.), Inc. (HRB) had a return on assets of 18.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Block (H.&R.), Inc.'s Piotroski F-Score?

Block (H.&R.), Inc. (HRB) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals.

Are Block (H.&R.), Inc.'s earnings high quality?

Block (H.&R.), Inc. (HRB) has an earnings quality ratio of 1.12x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation.

How financially healthy is Block (H.&R.), Inc.?

Block (H.&R.), Inc. (HRB) scores 50 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks.