Welcome to our dedicated page for Block (H.&R.) news (Ticker: HRB), a resource for investors and traders seeking the latest updates and insights on Block (H.&R.) stock.
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.
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.
Kansas City, Mo. designated July 30 as Make Every Block Better Day in honor of the late co-founder of H&R Block (NYSE: HRB), Henry W. Bloch on his 100th birthday. The company's community impact platform aims to enhance 500 communities nationwide by 2025. H&R Block will promote volunteering and supports small business initiatives through sponsorship of the Keystone Sessions. CEO Jeff Jones emphasized Bloch's legacy of community service.
H&R Block has been recognized in Forbes’ list of America’s Best Employers for Women for the second consecutive year, reflecting its commitment to fostering an inclusive workplace culture. This recognition stems from an independent survey involving 50,000 employees across companies with over 1,000 U.S. staff. H&R Block is among the top four companies in Kansas City, ranked in the top 200 out of 400 total. The Belonging@Block initiative and the Women’s Network are pivotal in this achievement, focusing on gender diversity and providing supportive benefits such as expanded paid leave and reproductive healthcare reimbursements.
KANSAS CITY, Mo., July 19, 2022 – H&R Block (NYSE: HRB) will announce its fourth quarter and fiscal year 2022 results on August 9, 2022, after the market closes. A conference call will follow at 4:30 p.m. ET, discussing fiscal results and outlooks. Interested participants must register to access the call, which will also be available via webcast. H&R Block aims to support clients with tax preparation services, financial products, and small-business solutions through innovative solutions like mobile banking and bookkeeping.
H&R Block (NYSE: HRB) has appointed Amy Labroo as Vice President of Growth Marketing and Engagement, enhancing its marketing strategy under Chief Marketing Officer Jill Cress. Labroo, previously at Revlon, will leverage her extensive experience in digital and performance marketing to drive customer engagement. The appointment aligns with Block's 'Horizons 2025' growth strategy, focusing on data to improve customer acquisition and retention. H&R Block aims to bolster its marketing capabilities to achieve long-term business growth.
Kirk Simpson, co-founder and CEO of Wave Financial Inc., will step down at the end of June 2022 after 12 years. Zahir Khoja, former General Manager at Afterpay and with extensive experience at MasterCard, will take over as CEO on July 1. Under Simpson's leadership, Wave achieved a significant milestone of $100 million CAD in annual revenue. Simpson will serve in an advisory role for 90 days post-departure, while the current leadership team remains intact. This leadership transition underscores Wave's commitment to supporting small business owners and driving innovation in the fintech sector.
H&R Block (NYSE: HRB) has initiated its summer internship program, hosting over two dozen interns from 10 universities. The program focuses on four key pillars: professional development, community giveback, social, and networking. Interns will engage in workshops for skill enhancement and participate in community service projects. The initiative aims to foster confidence and readiness for future careers while promoting a sense of belonging within the company culture.
H&R Block awarded $150,000 in scholarships to 15 high school seniors through its Children of Associates Premier Scholarship (CAPS) program. Each recipient will receive $10,000, contributing to the over $1.1 million awarded in the last 11 years. The winners, chosen for their leadership and community service, include students who developed climate literacy campaigns, created educational resources during the pandemic, and initiated sustainable projects. These scholarships underscore H&R Block's commitment to enhancing community ties and fostering future leaders.