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H&R Block, Inc. - HRB STOCK NEWS

Welcome to our dedicated page for H&R Block news (Ticker: HRB), a resource for investors and traders seeking the latest updates and insights on H&R Block stock.

H&R Block, Inc. (NYSE: HRB) stands as the world's largest tax services provider, having prepared over 650 million tax returns since its inception in 1955. Catering to a diverse clientele, H&R Block operates approximately 12,000 company-owned and franchise retail locations across all 50 U.S. states, Puerto Rico, and other U.S. territories. The company also has a presence in Canada, Australia, India, and on U.S. military bases worldwide. An H&R Block retail office is located within five miles of most Americans.

In the fiscal year 2015, H&R Block reported revenues exceeding $3.1 billion, preparing 24.2 million tax returns globally. The company’s services extend beyond retail locations, including digital tax solutions that have been aiding do-it-yourself clients for over 15 years. In FY 2015 alone, 6.9 million tax returns were completed through H&R Block's digital solutions. Employing around 9,000 bilingual tax professionals, H&R Block provides expert assistance in multiple languages.

Recent Achievements and Projects:

  • AI Tax Assist: In December 2023, H&R Block introduced the H&R Block AI Tax Assist, a generative AI experience designed to streamline the tax preparation process. This innovation combines the company's extensive tax expertise with artificial intelligence to provide real-time, reliable assistance, ensuring accuracy and maximum refunds for individuals, the self-employed, and small business owners.
  • Fiscal Updates: H&R Block will report its fiscal 2024 second quarter results on February 6, 2024. This will be followed by a conference call for stakeholders to discuss results and the company’s outlook.
  • Leadership and Growth: Curtis Campbell, a seasoned executive with vast experience in the tax, fintech, and software industries, joined H&R Block to drive innovation and growth, especially in the consumer tax business.
  • Direct Import Feature: To simplify the tax filing process, H&R Block launched the Direct Import feature, enabling users to seamlessly import prior year tax return data from TurboTax into H&R Block's online products.
  • Minecraft Competitive League (MCL): H&R Block launched a unique Minecraft experience to engage young adult gamers, integrating custom versions of the game with a branded character, Sir Block, and offering in-game skins and avatars.

Beyond tax preparation, H&R Block provides financial products and small-business solutions through Block Advisors and Wave. These services include bookkeeping, payroll, advisory, and payment processing solutions, helping small-business owners thrive year-round. Additionally, H&R Block’s mobile banking app, Spruce, enhances its clients’ financial well-being.

For more detailed information, visit the company's official website at HRBlock.com.

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On July 9, 2024, Block Advisors by H&R Block announced the winners of the 'Fund Her Future' grant program, awarding $100,000 in grants and a year of advisory services to five women-owned small businesses. Heather Jiang of Allégorie secured the grand prize of $50,000 for her sustainable fashion company. Other winners include Erica Cole of No Limbits, Ashley Ugarte of Hijita, Addie Gundry of Pluie, and Ameka Coleman of Strands of Faith, each receiving $12,500. The program aims to promote diverse women entrepreneurs and drive positive change.

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H&R Block (NYSE: HRB) announced that CFO Tony Bowen and VP of Investor Relations, ESG, & Productivity Michaella Gallina will participate in the Oppenheimer 24th Annual Consumer Growth and E-Commerce Conference. They will host virtual investor meetings on June 12, 2024. Interested parties can schedule a meeting through their Oppenheimer salesperson.

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Spruce, a mobile banking app built by H&R Block, now offers a high-yield interest rate of 3.50% APY on savings accounts, seven times the national average. This addition aims to help customers reach their savings goals faster, providing a transparent mobile banking experience with no monthly fees or minimum balance requirements. Customers can enjoy compounding interest, personalized saving goals, budget trackers, and cash back rewards, all while benefitting from fee transparency and courtesy overdraft coverage.

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H&R Block reported positive fiscal 2024 third-quarter results with revenue growth of 4%, net income growth of 7%, and earnings per share growth of 18%. The company expects to be near the high end of its fiscal year 2024 outlook. Key financial metrics show total revenue increased by 4% to $2.2 billion, while total operating expenses increased primarily due to higher field wages. Capital allocation included a quarterly cash dividend of $0.32 per share and $350 million share repurchases. The company has returned over $3.8 billion to shareholders since 2016.

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H&R Block, Inc. (NYSE: HRB) will participate in the 18th Annual Barrington Research Virtual Spring Investment Conference with key executives hosting virtual investor meetings. The event is scheduled for Thursday, May 16, 2024. Investors can request a meeting through their Barrington Research salesperson.

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H&R Block, Inc. announces a quarterly cash dividend of $0.32 per share, payable on July 3, 2024, to shareholders of record as of June 5, 2024. The Company has a strong dividend history, consistently paying dividends for over sixty years since going public in 1962. Additionally, there has been a significant growth in dividends and a return of over $3.8 billion to shareholders since 2016.

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Block Advisors by H&R Block has launched the 'Fund Her Future' grant program to support women-owned small businesses, offering five winners a total of $100,000 in grants and access to Block Advisors services. The initiative aims to address funding disparities and provide support to women entrepreneurs. The program is open for submissions until May 26, 2024, with eligibility criteria outlined on the grant website.

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H&R Block, Inc. (NYSE: HRB) will release its fiscal 2024 third-quarter results on May 9, 2024, after the NYSE market close. The conference call for analysts, investors, and shareholders will discuss the results, outlook, and business update. Participants can join the call via registration and access the webcast for media and public viewing.
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H&R Block assists last-minute tax filers by offering incentives for early filing, such as $10 in free food at Domino's for new clients who file by April 10th. The company emphasizes ease, convenience, and peace of mind with 60,000 tax professionals and 9,000 U.S. offices. H&R Block saw over five million new clients in 2023, attracted by its 100% accuracy and maximum refund guarantees.
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H&R Block (HRB) debuts 'Responsibility Island,' a comedic reality TV series focused on taxes, aimed at young adults and first-time filers. The show combines humor with the seriousness of tax responsibility, airing on The Roku Channel, YouTube, and H&R Block's website on Feb. 16. The series is a creative attempt to engage audiences and change perceptions about taxes, following the company's successful integrated Tax Season brand campaign, 'It’s Better With Block.'
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FAQ

What services does H&R Block provide?

H&R Block offers income tax return preparation services, digital do-it-yourself tax solutions, financial products, and small-business solutions.

How many locations does H&R Block have?

H&R Block operates approximately 12,000 company-owned and franchise retail locations worldwide.

What is H&R Block's AI Tax Assist?

AI Tax Assist is a generative AI experience that streamlines the tax preparation process, combining H&R Block's tax expertise with artificial intelligence.

When will H&R Block report its fiscal 2024 second quarter results?

H&R Block will report its fiscal 2024 second quarter results on February 6, 2024.

Who is Curtis Campbell?

Curtis Campbell is the President of Global Consumer Tax at H&R Block, leading the company’s consumer tax business and driving innovation.

What is the Direct Import feature?

Direct Import allows users to import prior year tax return data from TurboTax into H&R Block's online tax filing products.

What is the Minecraft Competitive League (MCL) by H&R Block?

The MCL is a unique Minecraft experience launched by H&R Block to engage young adult gamers with custom maps, models, and in-game skins.

How long has H&R Block been providing digital tax solutions?

H&R Block has been serving do-it-yourself clients with digital tax solutions for more than 15 years.

How can I access H&R Block’s tax services?

You can visit any of H&R Block’s retail locations, use their online tax software, or explore their mobile banking app, Spruce.

What is the significance of H&R Block’s mobile banking app, Spruce?

Spruce helps users manage their money better by offering financial products and services directly through the app.

H&R Block, Inc.

NYSE:HRB

HRB Rankings

HRB Stock Data

7.46B
139.52M
1.07%
96.35%
8.45%
Tax Preparation Services
Professional, Scientific, and Technical Services
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United States of America
KANSAS CITY