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H&R Block (HRB) Stock News, Apr-May 2023

HRB NYSE

H&R Block, Inc. reports developments across its tax preparation, financial products, and small-business services business. Recurring updates cover assisted tax preparation, digital do-it-yourself filing, AI-enabled tax tools, changes in tax rules affecting filers, and seasonal operating results across U.S. assisted, DIY, international, Refund Transfer, and Wave activity.

The company also issues updates on capital allocation, including quarterly dividends and share repurchases, and on products tied to year-round money management and small-business support. Its brands and platforms include Spruce, Block Advisors, and Wave, which provide mobile banking, bookkeeping, payroll, advisory, and payment-processing services alongside the company’s core tax offerings.

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H&R Block, Inc. (HRB) is set to announce its fiscal 2023 third quarter results on May 9, 2023, after the market closes. The results will be available on the company’s investor relations website. A conference call for analysts and investors will take place at 4:30 PM ET the same day, discussing the results and providing a business update. Interested participants need to register in advance to receive dial-in details. The call will also be webcast live for public access, with a replay available for 90 days post-event. H&R Block specializes in tax preparation services and offers various financial and small-business solutions, combining digital tools with expert assistance.

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H&R Block recently inaugurated a sensory room at its Kansas City headquarters, aimed at supporting the mental health and well-being of its associates. This initiative, launched during Autism Awareness Month, signifies the company’s dedication to inclusivity and support for neurodiversity. The sensory room is equipped with calming sound machines, sensory fidgets, and dimmed lighting, providing a safe space for employees to manage stress and improve focus. Founded by associates with neurodivergent children, the room's creation underscores the need for supportive environments in the workplace. According to studies, the unemployment rate for neurodivergent adults can be as high as 30-40%. H&R Block aims to combat stigmas and foster a culture where every associate feels heard and valued.

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H&R Block (NYSE: HRB) emphasizes the importance of filing taxes in a new campaign as the tax season nears its end. A recent survey shows that nearly 70% of Americans believe that failure to file taxes could lead to jail time, with 79% fearing fines and 60% concerned about wage garnishment. The campaign aims to educate 121 million eligible taxpayers on the importance of filing their taxes to receive potential refunds, which average nearly $3,000. Jill Cress, Chief Marketing Officer, stated that H&R Block is committed to guiding taxpayers through the process, ensuring they receive their maximum refund. The campaign aligns with the April 18 deadline, and taxpayers can seek help from tax professionals even after this date to avoid penalties.

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FAQ

What is the current stock price of H&R Block (HRB)?

H&R Block (HRB) last closed at $43.83.

What is the market cap of H&R Block (HRB)?

The market cap of H&R Block (HRB) is approximately $5.4B.