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, Inc. (NYSE: HRB) announced a quarterly cash dividend of 27 cents per share, payable on January 3, 2022, to shareholders of record by December 6, 2021. This marks the continuation of its dividend payments since 1962. Since 2016, H&R Block has increased its dividend by 35% and has returned over $2 billion to shareholders through dividends and share repurchases. The company is recognized for its tax preparation services and small business solutions, ensuring clients achieve optimal outcomes at tax time.
H&R Block (NYSE: HRB) has secured a new five-year employment agreement with CEO Jeff Jones, extending his leadership until November 4, 2026. The Board of Directors highlights Jones' transformative impact on the company, particularly his role in modernizing tax services and expanding offerings for small businesses. Under his guidance, H&R Block achieved its best tax season in over a decade. The company is committed to driving growth through its Block Horizons 2025 strategy, focusing on innovation and community support.
H&R Block (NYSE: HRB) announced the appointment of four new vice presidents to support its growth strategy, Block Horizons 2025. John Thompson joins as Financial Services VP, overseeing product development, while Charlene Wilson and Kate O’Connor assume leadership roles in People and Culture for Global Consumer Tax and Strategy/Small Business, respectively. Erin Turley has been promoted to VP of International and Integrated Delivery, leading teams across Canada, Australia, and India. This executive reorganization aims to enhance service delivery and financial product offerings.
H&R Block (NYSE: HRB) reported its fiscal 2022 first quarter results for the period ending September 30, 2021. Total revenue fell by 54% to $193 million, attributed to reduced return volume following the previous year’s extended tax season. Operating expenses decreased by 12% to $367 million, mainly due to lower pro compensation. The company experienced a pretax loss of $197 million, with loss per share increasing to $0.84. H&R Block repurchased $166 million in shares, reflecting its commitment to shareholder value amidst challenges.
KANSAS CITY, Mo., Nov. 01, 2021 – H&R Block (NYSE: HRB) announced it will host virtual investor meetings at Northcoast Research’s 2021 Fall Management Forum on November 15, 2021. Interested participants should contact their Northcoast Research salesperson for meeting requests.
About H&R Block: H&R Block provides tax preparation, financial products, and small business solutions, blending digital innovation with human expertise. The company aims to help clients achieve optimal tax outcomes and manage money year-round.
H&R Block has partnered with the Urban League of Greater Kansas City to launch a small business program that provides micro-grants to Black-owned businesses. The initiative aims to support these businesses in overcoming challenges exacerbated by the pandemic. Five businesses are receiving grants to assist with specific operational needs. The program aligns with H&R Block's goal to assist 500,000 small business owners by 2025, focusing on improving financial management and enhancing business owners' confidence in securing financial capital.
H&R Block (NYSE: HRB) announces the recognition of Mia Mends and Sean Cohan as members of Savoy magazine’s 2021 Most Influential Black Corporate Directors list. Both joined the board in April 2021, contributing to key committees. Mends is the Global Chief Diversity & Inclusion Officer at Sodexo, while Cohan is Chief Growth Officer at Nielsen. The recognition highlights their leadership roles and potential impact on H&R Block's growth.
H&R Block has announced an expansion of its employee benefits to foster a more inclusive workplace. The new initiatives prioritize mental health and support various life circumstances, aligning with its Block Horizons 2025 strategy. Key enhancements include:
- Expanded mental health services via Lyra.
- Increased paid leave for parents and caregivers.
- $30,000 infertility and adoption support.
- Pregnancy support app.
This initiative aims to attract and retain top talent, solidifying H&R Block's commitment to inclusivity.
H&R Block (NYSE: HRB) has launched a free online business course as part of the Kauffman FastTrac program, aimed at helping aspiring entrepreneurs and small business owners. The course runs from Nov. 1, 2021 to Jan. 3, 2022, accommodating up to 60 participants. Taught by Block Advisors professionals, the course covers essential tools and tips for evaluating business ideas and targeting customers. Registration is open until October 29. This initiative reflects H&R Block's commitment to fostering entrepreneurship and providing accessible resources for diverse communities.
H&R Block (NYSE: HRB) will release its first quarter fiscal 2022 results on November 2, 2021, post-market close. A conference call for analysts and investors is scheduled at 4:30 p.m. ET on the same day, where the company will discuss results and outlook. Participants can join by dialing (866) 987-6821 for U.S./Canada or (630) 652-5951 internationally. The call and presentation will be webcast live, and a replay will be available for seven days. H&R Block continues to offer innovative tax preparation and financial solutions to its clients.