Block (H.&R.), Inc. Stock Price, News & Analysis

H&R Block (NYSE: HRB) has announced the return of its program A Fair Shot, which aims to promote gender equity in name, image, and likeness (NIL) deals for female student athletes.

This year, the initiative celebrates 50 athletes across 13 sports, doubling last year's participation of 19 athletes. The program also includes NCAA Division II, Division III schools, and Historically Black Colleges and Universities.

Alongside partners Fabletics and Jambys, H&R Block highlights the disparities in NIL sponsorships, offering tax preparation services to help athletes understand the financial aspects of their earnings.

H&R Block (NYSE: HRB) has appointed Alex Cook as Vice President of Small Business, enhancing its tax services for small business clients. Cook, with over a decade of experience at Microsoft and 16 years at Walmart, will work under Chief Strategy and Small Business Officer Jamil Khan. H&R Block currently assists over 2 million small business owners annually, and Cook's expertise is aimed at increasing this client base. The company focuses on blending digital innovation with human expertise, offering services that include tax preparation, financial products, and small-business solutions.

H&R Block (NYSE: HRB) reveals insights on how Gen Z is approaching tax season. A survey indicates that 52% of Gen Z participates in side hustles, often leading to complex tax situations. With 39% earning over $600 from these activities, many lack knowledge regarding tax implications. Despite popular belief, only 16% turn to social media for tax advice, instead preferring trusted sources like tax professionals. Optimistically, 92% of Gen Z expects a refund, planning to use it for savings and debt relief. H&R Block promises a guaranteed maximum refund and real-time results to cater to this generation's needs.

H&R Block (HRB) reported a 5% revenue increase for Q2 FY2023, reaching $166.4 million, driven by strong tax season performance despite lower Emerald Card revenues. The company reiterated its fiscal year outlook, forecasting revenue between $3.535 to $3.585 billion. Share repurchases totaled $130.4 million, reducing shares outstanding by 2%. However, losses per share increased from $(1.09) to $(1.43) due to lower income tax benefits. Total operating expenses rose to $449.6 million, reflecting higher wages and bad debt, partially offset by favorable insurance reserves. H&R Block remains committed to returning value to shareholders through dividends and share buybacks.

H&R Block has appointed Terrell Brown as Vice President, Retail Sales and Service for the East Market, effective immediately. He will oversee seven regions across the Eastern U.S. and report to Bob Moretti, Senior Vice President of U.S. Retail Operations. Brown, a ten-year veteran at H&R Block, previously led multiple regions and developed the Field Leader Development Program, resulting in a significant increase in district general managers. His leadership in the Tax Pro Experience programs has been recognized with multiple awards, demonstrating his contribution to the company's growth and operational strategies.

KANSAS CITY, Mo., Feb. 1, 2023 – H&R Block (NYSE: HRB) has declared a quarterly cash dividend of $0.29 per share, payable on April 5, 2023, to shareholders of record by March 7, 2023. The company has maintained a consistent dividend payment for over sixty years, having gone public in 1962.

Since 2016, H&R Block has increased its dividend by over 45% and returned nearly $3 billion to shareholders through dividends and share repurchases.

H&R Block (NYSE: HRB) is set to enhance the 2023 Tax Season with innovative Tax Prep Tailgate events on February 12, 2023. The firm will host Do-It-Yourself tax filing activities in Baltimore, Phoenix, and Birmingham, while also sponsoring games at Guy Fieri’s Flavortown Tailgate in Glendale, Arizona. These events aim to make tax filing a festive experience, coinciding with one of the busiest tax filing days. Attendees can enjoy complimentary food and drinks while filing taxes using H&R Block’s Online DIY product. Participants on social media may also receive special rewards, promoting engagement.

H&R Block (NYSE: HRB) has launched an innovative feature in its Online DIY product, powered by artificial intelligence, to enhance customer tax refund opportunities. This new capability automatically detects potential additional refunds from the prior year's TurboTax returns when users switch to H&R Block. Initial models indicate this technology has uncovered millions in extra refunds. Customers only incur charges if they choose to amend their return based on the findings. This approach, which leverages advanced AI algorithms and machine learning, marks a significant evolution in tax preparation, aiming to optimize financial outcomes for taxpayers.