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 (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.
H&R Block (NYSE: HRB) is set to host investor meetings at the Baird 2022 Global Consumer, Technology & Services Conference on June 7, 2022. The company's CFO, Tony Bowen, will participate in a fireside chat at 11:25 a.m. ET that day, with a live stream available online. A replay will be accessible by 12:30 p.m. ET for 90 days. H&R Block offers tax preparation and financial services, blending digital innovation with expert support to assist clients.
H&R Block (NYSE: HRB) partners with Nextdoor for the third consecutive year to support community projects across the U.S. The initiative, dubbed Make Every Block Better, aims to energize neighborhoods with 11 selected projects in 2022. These projects, driven by community nominations, will enhance local gathering spaces and promote community interaction. H&R Block’s goal is to positively impact 500 communities by 2025, fostering connections and reducing social isolation through collaboration with local residents and businesses.
H&R Block executives Karen Orosco and Tiffany Monroe are mentoring international businesswomen Neha Mehta from India and Yara Argueta from Guatemala as part of the Fortune - U.S. Department of State Global Women’s Mentoring Partnership. The program runs through May 23, 2022, focusing on leadership and networking opportunities. H&R Block is also committed to increasing female representation in leadership roles and promotes gender diversity through various initiatives, including the Catalyst CEO Champions for Change and the Council for Inclusive Capitalism.
H&R Block (NYSE: HRB) launched the IT Accelerate program to enhance tech talent development, hiring over 50 new engineers in 2022. This 12-month initiative focuses on attracting diverse backgrounds, with over half of participants representing gender or ethnically diverse groups—more than double the national average in the tech field. The program aims to provide immersive onboarding and support for early-career professionals transitioning into tech roles, furthering the company's commitment to innovation and superior digital services.
H&R Block (NYSE: HRB) announced on May 11, 2022, that CEO Jeff Jones has joined the Council for Inclusive Capitalism, aiming to foster a more inclusive and sustainable economy. The Council focuses on measurable actions to promote equality and fairness. H&R Block's commitments include launching the Spruce mobile banking platform, providing 1 million volunteer hours by 2025, and supporting small business owners. This engagement aligns with H&R Block's strategy to enhance financial health and reduce environmental impact.
H&R Block released its fiscal 2022 third quarter results, reporting revenues of $2.1 billion, a 4% increase from the previous year. The company raised its fiscal year guidance, expecting revenue between $3.375 billion and $3.425 billion and EBITDA between $850 million and $875 million. Share repurchases totaled $226 million in the quarter, with a total of $550 million for the fiscal year, retiring 13% of shares outstanding. Adjusted EPS remained flat at $4.11. A cash dividend of $0.27 per share will be paid on July 1, 2022.
KANSAS CITY, Mo., May 5, 2022 (GLOBE NEWSWIRE) -- H&R Block (NYSE: HRB) announced that its management will host virtual investor meetings during the Barrington Research Virtual Spring Investment Conference on May 19, 2022. Interested parties can request a meeting through their Barrington Research salesperson.
H&R Block offers tax preparation services, financial products, and small-business solutions. The company's innovative offerings include Spruce, a mobile banking app, and Wave Money, a banking and bookkeeping solution for small businesses.
H&R Block, Inc. (HRB) announced a quarterly cash dividend of $0.27 per share, payable on July 1, 2022, to shareholders of record as of June 8, 2022. The company has maintained a consistent dividend payment since going public in 1962 and has increased its dividend by over 35% since 2016. In total, H&R Block has returned more than $2.6 billion to shareholders through dividends and share repurchases.