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

Block Advisors by H&R Block (NYSE: HRB) has launched a new online business formation tool, allowing customers to initiate the registration process in just 10 minutes. This tool aims to simplify the often overwhelming process of forming a business entity, which has become increasingly relevant as 3.6 million new businesses were registered in 2022 to date. The service helps entrepreneurs choose the right entity type while providing access to tax-saving insights from certified tax professionals. This initiative reflects H&R Block's commitment to supporting small businesses.

Spruce, a mobile banking app by H&R Block (NYSE: HRB), enhances user experience with new features designed to improve financial health. The recently introduced Round Up feature allows customers to save spare change automatically, while the upgraded Credit Score Monitoring offers deeper insights into individual credit scores. Launched in early 2022, Spruce now serves over 160,000 customers. These enhancements aim to support users in managing finances amid rising inflation and borrowing costs.

H&R Block (NYSE: HRB) has appointed Chris Linderwell as Vice President of Consumer Tax Products and Mike Halvorsen as Vice President of Client Experience, as part of its growth and transformation strategy. The new leaders will enhance client experience, oversee consumer tax offerings, and support the company’s focus on small business services and financial solutions. Linderwell previously improved digital customer experiences at Victoria's Secret, while Halvorsen led user experience initiatives at Kohl’s. This hiring aims to boost innovation and client interactions.

H&R Block has announced its Income Tax Preparation Course (ITC) as a pathway to becoming a tax professional, emphasizing flexible career opportunities amidst the growing gig economy. The 8-week course can be taken virtually or in-person, with options for self-paced learning. Graduates earn an H&R Block Certification and qualifying education hours. Although completion does not guarantee employment, the course provides valuable knowledge for various financial situations. The ITC aims to attract part-time job seekers and offers rewarding experiences in the tax industry.

KANSAS CITY, Mo., Sept. 08, 2022 – H&R Block (NYSE: HRB) announced that Michaella Gallina, VP of Investor Relations, will lead a fireside chat and virtual meetings during the Wolfe Research Fall Virtual Consumer Conference on September 22, 2022. An audio replay will be available on the Company’s Investor Relations website post-conference. H&R Block combines digital tools with personal expertise to support clients with tax preparation, financial products, and small-business solutions, helping customers achieve better financial outcomes.

H&R Block honored 25 exceptional tax office associates and franchise employees with the Henry Bloch Excellence in Client Service Award for their outstanding dedication to client care. This annual tradition, recognized for 18 years, highlights individuals who exemplify the company's core values. The awardees, chosen from over 60,000 professionals, significantly impacted their clients' lives through outstanding service. H&R Block's mission remains to inspire confidence in clients and communities, offering comprehensive tax preparation and financial services.

KANSAS CITY, Mo., Aug. 25, 2022 – H&R Block (NYSE: HRB) announced that CFO Tony Bowen will host virtual investor meetings at the 15th Annual Barrington Research Virtual Fall Investment Conference on September 8, 2022. Interested parties can request meetings through Barrington Research salespersons. H&R Block provides tax preparation services and financial solutions, blending digital innovation with expertise to assist clients throughout the year. The company aims to empower individuals and small businesses with its diverse range of financial products.

H&R Block reported fiscal year 2022 results with revenues of $3.46 billion, a 3.5% decrease compared to the previous year. The company achieved a net income of $554 million and EPS of $3.26, reflecting an 11.2% decline. Despite lower revenues, H&R Block announced a 7% increase in its quarterly dividend to $0.29 per share and a new share repurchase program of $1.25 billion. Looking ahead, the company forecasts fiscal year 2023 revenues between $3.535 billion and $3.585 billion, with EPS guidance of $3.70 to $3.95.