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 announced the 2024 application period for its Emerald Advance® Loan, running from November 1 through December 31, 2024. The loan offers qualifying individuals up to $1,300 same-day funding with no annual fee and no credit impact for eligibility checks. Key features include flexible repayment options with no required monthly payments until March 31, 2025, and the ability to repay through tax refunds for H&R Block customers. The loan carries a 35.9% APR with amounts ranging from $350-$1,300. Applications can be submitted at nearly 4,000 participating H&R Block offices.
H&R Block (NYSE: HRB) has announced it will release its fiscal 2025 first quarter results on Thursday, November 7, 2024, after the NYSE market close. The company will host a conference call at 4:30 p.m. Eastern time on the same day for analysts, institutional investors, and shareholders to discuss the quarterly results, outlook, and provide a general business update. The call will be accessible through registration, and a webcast will be available for media and public in listen-only format, remaining accessible for 90 days after the event.
H&R Block has released its fifth Annual Environmental, Social, and Governance (ESG) Report for fiscal year 2024, highlighting its commitment to responsible business practices. Key achievements include:
- A 36% reduction in printed pages across retail locations through the 'Path to Print Less' initiative
- Introduction of an associate-led composting program at corporate headquarters
- Expansion of GHG emissions inventory
- Progress in the Spruce mobile banking platform, nearing $1B in customer deposits
- Launch of AI Tax Assist tool for DIY Online users
- Introduction of 'Fund Her Future' small business grant program
- Implementation of quarterly Block Party events for employee engagement
The report emphasizes H&R Block's dedication to transparency, sustainability, and social responsibility, aligning with its purpose to provide help and inspire confidence in clients and communities.
H&R Block (NYSE: HRB) announced its participation in the Barclays Global Financial Services Conference on September 10, 2024, in New York City. Tony Bowen, Chief Financial Officer, and Michaella Gallina, Vice President of Investor Relations and CFO at Wave, will represent the company by hosting investor meetings.
This event provides an opportunity for H&R Block to engage with investors and discuss the company's financial performance, strategies, and outlook. Interested parties can request meetings through their Barclays salesperson, offering a chance for direct interaction with key financial executives of the tax preparation firm.
The conference participation underscores H&R Block's commitment to maintaining open communication with the investment community and showcasing its position in the financial services sector.
H&R Block (NYSE: HRB) has promoted Andy Phillips to Vice President of The Tax Institute, succeeding retiring Chief Tax Officer Kathy Pickering. Phillips, with a 15-year tenure at Block, will lead the company's team of tax experts, providing research and analysis of tax laws. His experience includes leading Tax Law & Policy Analysis, Tax Research, and Agency & Industry Relations.
Phillips is recognized for his contributions to various tax-focused industry associations and IRS advisory councils. He holds leadership positions in organizations such as the ISAC Senior Executive Board, IRS Electronic Tax Administration Advisory Committee, and CERCA Executive Board. Phillips is also involved in collaborative efforts to combat identity theft tax refund fraud and contributes to shaping industry standards and practices.
H&R Block (NYSE: HRB) reported strong financial results for fiscal year 2024, with revenue increasing 4% to $3.6 billion and earnings per share from continuing operations rising 16% to $4.14. The company announced a 17% increase in its quarterly dividend to $0.375 per share and a new $1.5 billion share repurchase authorization.
Key highlights include:
- Repurchased $350 million of shares in FY24, reducing outstanding shares by 5.5%
- FY25 outlook projects continued revenue growth and improved EBITDA and earnings per share
- Effective tax rate for FY25 expected to be approximately 13%, positively impacting EPS by about $0.50
The company's strong performance and shareholder-friendly actions reflect confidence in its strategy and future prospects.
H&R Block (NYSE: HRB) is currently hiring seasonal tax professionals across the United States, offering remote-friendly opportunities. The company, which prepared over 20 million tax returns in 2024, is seeking candidates passionate about helping others and providing financial advice. H&R Block offers an Income Tax Course to train new hires and support their success.
Mark Darling, SVP of U.S. Retail Operations, emphasized the company's 70-year history and culture of collaboration, innovation, and personal growth. The role of a tax pro involves preparing and filing tax returns, staying updated on tax codes, and advising clients. Janet Freeman, a Senior Tax Analyst, shared her 24-year journey with H&R Block, highlighting the job's rewards and long-term client relationships.
H&R Block (NYSE: HRB) has appointed Scott Manuel as its new Chief Strategy and Operations Officer, effective August 7, 2024. This newly created role aims to drive the company's long-term strategy, leveraging data science and AI, while improving productivity across real estate and support operations. Manuel, reporting to CEO Jeff Jones, brings extensive experience in strategy, technology, and AI from his previous roles at Tribute Technology, McClatchy, and Thomson Reuters.
Manuel's appointment is part of H&R Block's efforts to transform into a more agile and innovative company, focusing on delivering increased value to clients, franchisees, associates, and shareholders. His expertise is expected to be important in expanding the company's product capabilities and driving business model transformation.
H&R Block (NYSE: HRB) has appointed Tiffany Mason as Executive Vice President, Finance, effective immediately. She will become the company's Chief Financial Officer on September 13, 2024, succeeding Tony Bowen, who announced his retirement earlier this year. Mason brings extensive experience in consumer services, retail, and franchising from her previous roles, including CFO at Driven Brands Holdings Inc. and senior finance positions at Lowe's Companies, Inc.
CEO Jeff Jones highlighted Mason's expertise in driving strategic initiatives, deploying capital investments, and creating shareholder value. Mason expressed excitement about joining H&R Block, praising the company's vision, culture, and commitment to innovation. She holds a BBA in Accounting from Loyola University Maryland and is a Certified Public Accountant.
H&R Block (NYSE: HRB) has announced it will release its fiscal 2024 fourth quarter and full year results on Thursday, August 15, 2024, after the New York Stock Exchange market close. The company will host a conference call at 4:30 p.m. Eastern time on the same day for analysts, institutional investors, and shareholders to discuss the results, outlook, and provide a general business update.
Interested parties can register for the live call at the provided link. The call will also be webcast in a listen-only format for media and public, accessible directly through the given webcast link. The webcast will be available for replay for 90 days after the call concludes.