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

Galileo Financial Technologies, owned by SoFi Technologies (SOFI), has launched Spruce, a mobile banking platform developed in collaboration with H&R Block (HRB). Spruce offers features such as a spending account with debit card services, budgeting tools, early paycheck access, and overdraft protection. The launch coincides with a growing consumer shift towards digital banking, with 44% of U.S. consumers using digital-only banks. The partnership aims to enhance financial inclusion and stability, leveraging Galileo's robust technology platform.

H&R Block shares insights from the “Pulse on Help” study, revealing that 90% of Americans find it acceptable to seek help amidst financial stress. Key concerns for 2022 include finances (46%), physical health (38%), and emotional well-being (32%). Experts emphasize that asking for help is a form of self-care. H&R Block highlights its readiness to assist taxpayers with recent tax changes like child tax credits and stimulus payments. The company offers various filing methods, including online and in-person services, to facilitate stress-free tax preparation.

H&R Block, Inc. (NYSE: HRB) announced a quarterly cash dividend of $0.27 per share, payable on April 1, 2022, to shareholders of record as of March 8, 2022. This marks the continuation of dividend payments since the company went public in 1962. Since 2016, H&R Block has increased its dividend by 35% and returned over $2 billion to shareholders via dividends and share repurchases.

H&R Block (NYSE: HRB) reported a 12% revenue increase for the fiscal 2022 second quarter, totaling $159 million, driven by the Emerald Card and Wave performance. Despite a pretax loss of $299 million, loss per share from continuing operations improved to $1.09. The Company repurchased $159 million worth of shares, reducing the share count by 4%. H&R Block plans to maintain its fiscal year 2022 outlook. The recent launch of the Spruce mobile banking platform marks a significant step in its strategic transformation. A quarterly dividend of $0.27 was paid on January 3, 2022.

H&R Block announces the introduction of “The Annual Reboot,” a new weekly paid time off initiative for all associates, effective July 2022. This program is designed to combat stress and burnout from the pandemic. Associates are encouraged to disconnect and recharge during this offline week. Last year’s pilot was deemed a success, with positive feedback regarding increased energy levels upon return. In addition, H&R Block has transitioned to a hybrid work schedule and introduced inclusive benefits to support associates during various life stages.

H&R Block (NYSE: HRB) emphasizes the significance of tax filing amidst ongoing inflation, highlighting new tax law changes requiring reconciling past federal payments like stimulus checks. With various tax preparation options available, the company aims to maximize refunds for clients. Tax experts inform filers of important credits, including expanded Child Tax Credit and Earned Income Tax Credit. Notably, a recent survey named H&R Block as the "Best Tax Software Overall" by Bankrate. For detailed assistance, visit hrblock.com.

H&R Block has launched the Spruce℠ mobile banking platform to tackle financial challenges faced by many Americans. The platform offers a spending account with a debit card and a connected savings account designed for goal-specific budgeting. As the pandemic has heightened financial stress, Spruce aims to enhance financial inclusion by assisting users in establishing healthy financial habits. The app features various benefits, including cash back rewards, no monthly fees, early paycheck access, and credit score monitoring, making it a valuable tool for managing finances year-round.

H&R Block (NYSE: HRB) unveiled its 2022 tax season ad campaign, emphasizing the theme "Help Is Here" amid ongoing pandemic challenges. President Karen Orosco highlighted the complexities of filing taxes this year, with new credits and an evolving workforce. The campaign aims to illustrate the various support options available, from fully online services to in-person assistance. Developed with agency Carmichael Lynch, the initiative includes six commercials and will roll out across media through Q1 and April 2022.

H&R Block, Inc. (NYSE: HRB) will announce its fiscal 2022 second-quarter results on February 1, 2022, post-market close. Investors can access the press release on the company’s investor relations website. A conference call is scheduled for 4:30 p.m. ET on the same day, discussing the results and future outlook. Analysts and stakeholders can dial in to participate. The call will also be available via a listen-only webcast. Replays will be accessible soon after the event. For ongoing updates, visit H&R Block's dedicated news and financial info platforms.