H&R Block (HRB) Financials

$60.76 +1.68 (+2.84%)

As of 03:59 PM Eastern

Annual Income Statements for H&R Block

This table shows H&R Block's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-1,810	374	409	613	-	-7.53	584	554	554	595
Consolidated Net Income / (Loss)	474	374	409	613	-	-7.53	584	554	554	595
Net Income / (Loss) Continuing Operations	487	384	421	627	-	6.16	590	561	562	598
Total Pre-Tax Income	743	569	629	669	-	-3.37	669	659	711	762
Total Operating Income	0.00	633	716	752	-	77	770	745	749	805
Total Gross Profit	-182	1,353	1,392	1,420	-	927	1,572	1,582	1,549	1,619
Total Revenue	3,079	3,038	3,036	3,160	-	2,640	3,414	3,463	3,472	3,610
Operating Revenue	2,651	2,654	3,036	3,160	-	2,640	3,414	3,463	3,472	3,610
Total Cost of Revenue	3,261	1,686	1,644	1,740	-	1,712	1,842	1,881	1,923	1,992
Operating Cost of Revenue	2,973	1,686	1,644	1,740	-	1,712	1,842	1,881	1,923	1,992
Total Operating Expenses	1,307	719	676	668	-	850	802	837	800	814
Selling, General & Admin Expense	985	719	676	668	-	744	802	837	800	814
Impairment Charge	0.00	-	-	0.00	-	106	0.00	0.00	0.00	0.00
Total Other Income / (Expense), net	-52	-64	-87	-83	-	-80	-101	-86	-37	-43
Interest Expense	45	69	93	89	-	96	107	88	73	79
Other Income / (Expense), net	-6.62	5.25	6.25	6.05	-	16	5.98	2.45	35	36
Income Tax Expense	256	186	208	42	-	-9.53	79	98	149	164
Net Income / (Loss) Discontinued Operations	-13	-9.29	-12	-14	-	-14	-6.42	-6.97	-8.10	-2.65
Basic Earnings per Share	$1.72	$1.50	$1.92	$2.93	-	($0.04)	$3.11	$3.27	$3.58	$4.18
Weighted Average Basic Shares Outstanding	275.03M	249.01M	212.81M	208.82M	205.37M	192.48M	181.47M	159.95M	147.00M	139.59M
Diluted Earnings per Share	$1.71	$1.49	$1.91	$2.91	-	($0.04)	$3.08	$3.22	$3.51	$4.12
Weighted Average Diluted Shares Outstanding	275.03M	249.01M	212.81M	208.82M	205.37M	192.48M	181.47M	159.95M	147.00M	139.59M
Weighted Average Basic & Diluted Shares Outstanding	275.03M	249.01M	212.81M	208.82M	205.37M	192.48M	181.47M	159.95M	147.00M	139.59M
Cash Dividends to Common per Share	$0.80	$0.80	$0.88	$0.96	$1.00	$1.04	$1.04	$1.08	$1.16	$1.28

This table shows H&R Block's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Net Income / (Loss) Attributable to Common Shareholders	223	-168	-224	643	302	-163	-190	691	258	-173	-243
Consolidated Net Income / (Loss)	223	-168	-224	643	302	-163	-190	691	258	-173	-243
Net Income / (Loss) Continuing Operations	225	-167	-221	646	304	-163	-189	692	258	-171	-242
Total Pre-Tax Income	293	-221	-298	855	375	-212	-283	907	350	-232	-312
Total Operating Income	312	-209	-283	865	377	-206	-267	928	351	-228	-293
Total Gross Profit	531	-81	-132	1,210	551	-76	-121	1,259	556	-76	-135
Total Revenue	1,050	180	166	2,094	1,032	184	179	2,185	1,063	194	179
Operating Revenue	1,050	180	166	2,094	1,032	184	179	2,185	1,063	194	179
Total Cost of Revenue	519	261	298	884	481	259	300	926	506	270	314
Operating Cost of Revenue	519	261	298	884	481	259	300	926	506	270	314
Total Operating Expenses	220	128	151	345	175	131	147	331	205	153	158
Selling, General & Admin Expense	220	128	151	345	175	131	147	331	205	153	158
Total Other Income / (Expense), net	-18	-12	-15	-9.07	-1.40	-6.03	-15	-21	-0.63	-3.93	-19
Interest Expense	19	16	19	22	16	16	21	26	16	16	22
Other Income / (Expense), net	0.47	3.61	4.19	13	14	9.84	5.92	5.22	15	12	2.74
Income Tax Expense	69	-54	-77	209	71	-49	-94	216	92	-61	-70
Net Income / (Loss) Discontinued Operations	-1.99	-1.05	-2.72	-2.65	-1.68	-0.61	-0.64	-0.85	-0.55	-1.16	-0.95
Basic Earnings per Share	$1.10	($1.06)	($1.45)	$4.21	$1.88	($1.12)	($1.33)	$4.93	$1.70	($1.24)	($1.80)
Weighted Average Basic Shares Outstanding	159.95M	155.47M	152.28M	152.28M	147.00M	143.93M	139.52M	139.53M	139.59M	137.05M	133.85M
Weighted Average Diluted Shares Outstanding	159.95M	155.47M	152.28M	152.28M	147.00M	143.93M	139.52M	139.53M	139.59M	137.05M	133.85M
Weighted Average Basic & Diluted Shares Outstanding	159.95M	155.47M	152.28M	152.28M	147.00M	143.93M	139.52M	139.53M	139.59M	137.05M	133.85M
Cash Dividends to Common per Share	$0.27	$0.29	$0.29	$0.29	$0.29	$0.32	$0.32	$0.32	$0.32	$0.38	$0.38

This table details how cash moves in and out of H&R Block's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-178	-1,098	121	546	44	1,165	-1,810	-533	-35	60
Net Cash From Operating Activities	627	545	552	850	607	109	626	809	822	721
Net Cash From Continuing Operating Activities	627	545	552	850	607	109	626	809	822	721
Net Income / (Loss) Continuing Operations	474	374	409	613	423	-7.53	584	554	554	595
Consolidated Net Income / (Loss)	474	374	409	613	423	-7.53	584	554	554	595
Depreciation Expense	160	174	182	183	167	170	157	142	131	122
Non-Cash Adjustments To Reconcile Net Income	101	99	72	96	94	202	79	48	133	76
Changes in Operating Assets and Liabilities, net	-108	-102	-111	-43	-77	-255	-194	65	4.45	-72
Net Cash From Investing Activities	-149	330	99	-112	-155	-470	-46	-77	-101	-94
Net Cash From Continuing Investing Activities	-149	330	99	-112	-155	-470	-46	-77	-101	-94
Purchase of Property, Plant & Equipment	-123	-100	-89	-99	-95	-82	-53	-62	-70	-64
Acquisitions	-113	-89	-55	-43	-44	-450	-16	-36	-48	-43
Other Investing Activities, net	54	43	36	29	-16	62	23	21	17	13
Net Cash From Financing Activities	-646	-1,962	-530	-191	-404	1,532	-2,409	-1,257	-751	-564
Net Cash From Continuing Financing Activities	-646	-1,962	-530	-191	-404	1,532	-2,409	-1,257	-751	-564
Repayment of Debt	-1,453	-1,484	-1,723	-839	-731	-1,344	-3,948	-1,213	-974	-1,030
Repurchase of Common Equity	-10	-2,018	-323	-9.15	-190	-256	-191	-563	-569	-380
Payment of Dividends	-220	-202	-187	-200	-205	-205	-195	-186	-178	-180
Issuance of Debt	1,049	2,462	1,700	830	720	3,335	1,923	705	970	1,025
Effect of Exchange Rate Changes	-9.99	-11	-	-1.14	-3.66	-5.29	18	-8.10	-4.86	-2.81
Cash Interest Paid	45	59	87	84	82	87	104	82	70	76
Cash Income Taxes Paid	237	165	164	8.28	133	89	236	32	-46	131

This table details how cash moves in and out of H&R Block's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Net Change in Cash & Equivalents	-126	-619	-139	642	81	-558	-119	474	262	-636	-97
Net Cash From Operating Activities	435	-322	-459	1,279	323	-335	-607	1,362	301	-329	-567
Net Cash From Continuing Operating Activities	435	-322	-459	1,279	323	-335	-607	1,362	301	-329	-567
Net Income / (Loss) Continuing Operations	223	-168	-224	643	302	-163	-190	691	258	-173	-243
Consolidated Net Income / (Loss)	223	-168	-224	643	302	-163	-190	691	258	-173	-243
Depreciation Expense	35	34	33	32	32	30	30	31	31	29	29
Non-Cash Adjustments To Reconcile Net Income	53	26	50	-0.05	57	-29	33	25	47	29	8.38
Changes in Operating Assets and Liabilities, net	125	-213	-318	603	-68	-173	-480	616	-35	-214	-361
Net Cash From Investing Activities	-5.44	-37	-62	-2.20	-0.10	-24	-47	-29	5.79	-26	-61
Net Cash From Continuing Investing Activities	-5.44	-37	-62	-2.20	-0.10	-24	-47	-29	5.79	-26	-61
Purchase of Property, Plant & Equipment	-9.24	-16	-25	-15	-13	-13	-20	-21	-9.85	-19	-30
Acquisitions	-10	-17	-23	-7.98	-0.51	-6.92	-20	-16	-0.20	-5.90	-22
Other Investing Activities, net	14	-4.69	-13	21	13	-4.06	-7.12	8.53	16	-1.76	-8.60
Net Cash From Financing Activities	-550	-247	376	-634	-245	-195	531	-856	-44	-284	543
Net Cash From Continuing Financing Activities	-550	-247	376	-634	-245	-195	531	-856	-44	-284	543
Repayment of Debt	-494	-0.96	-165	-810	1.86	-1.80	-19	-1,010	1.39	-1.42	-97
Repurchase of Common Equity	-7.93	-203	-163	-0.22	-203	-150	-228	-0.31	-0.55	-238	-198
Payment of Dividends	-43	-43	-46	-45	-44	-43	-47	-45	-45	-45	-52
Effect of Exchange Rate Changes	-6.44	-13	5.63	-	-	-3.68	4.35	-3.41	-0.08	3.25	-12
Cash Interest Paid	82	20	-20	-	70	20	-20	31	9.23	20	14
Cash Income Taxes Paid	32	-30	30	-	-46	58	-58	-36	95	48	14

This table presents H&R Block's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	4,515	2,847	2,694	3,141	3,300	5,112	4,014	3,269	3,072	3,219
Total Current Assets	2,951	1,221	1,346	1,892	1,993	3,087	2,080	1,384	1,187	1,239
Cash & Equivalents	2,007	897	1,011	1,545	1,572	2,662	1,434	885	987	1,053
Restricted Cash	92	104	106	119	136	211	150	166	28	22
Accounts Receivable	168	153	163	147	139	133	89	58	60	69
Prepaid Expenses	70	67	66	81	147	52	76	72	112	95
Plant, Property, & Equipment, net	311	294	264	232	212	184	139	124	130	131
Total Noncurrent Assets	1,253	1,333	1,106	1,017	1,094	1,841	1,795	1,761	1,755	1,848
Goodwill	442	471	491	508	520	712	755	760	775	785
Intangible Assets	432	434	409	374	342	415	351	310	277	264
Noncurrent Deferred & Refundable Income Taxes	13	120	84	34	142	151	182	209	211	272
Other Noncurrent Operating Assets	126	106	100	101	90	563	507	482	491	527
Total Liabilities & Shareholders' Equity	4,515	2,847	2,694	3,141	3,300	5,112	4,014	3,269	3,072	3,219
Total Liabilities	2,682	2,824	2,755	2,747	2,758	5,041	3,626	3,058	3,040	3,128
Total Current Liabilities	1,878	1,040	939	844	923	1,576	982	999	939	977
Short-Term Debt	0.79	0.83	0.98	1.03	0.00	649	0.00	0.00	0.00	0.00
Accounts Payable	-	260	217	252	250	203	164	161	160	156
Current Deferred & Payable Income Tax Liabilities	435	374	348	263	272	210	239	280	272	319
Current Employee Benefit Liabilities	145	162	184	141	197	116	169	155	95	106
Other Current Liabilities	323	244	189	186	205	397	410	403	412	397
Total Noncurrent Liabilities	804	1,785	1,816	1,904	1,835	3,465	2,644	2,059	2,101	2,151
Long-Term Debt	505	1,491	1,493	1,495	1,493	2,846	1,984	1,487	1,489	1,491
Capital Lease Obligations	-	-	-	-	0.00	313	245	229	241	265
Noncurrent Deferred & Payable Income Tax Liabilities	143	133	159	229	198	182	302	226	265	291
Other Noncurrent Operating Liabilities	156	160	164	180	145	125	114	117	107	103
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,833	23	-61	394	542	71	388	212	32	91
Total Preferred & Common Equity	1,833	23	-61	394	542	71	388	212	32	91
Total Common Equity	1,833	23	-61	394	542	71	388	212	32	91
Common Stock	787	761	757	763	770	778	782	774	772	764
Retained Earnings	1,836	40	-48	363	499	43	287	120	-49	13
Treasury Stock	-792	-767	-755	-718	-707	-698	-680	-661	-654	-638
Accumulated Other Comprehensive Income / (Loss)	1.74	-11	-15	-14	-20	-52	0.09	-22	-37	-49

This table presents H&R Block's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025
Total Assets	3,781	2,559	2,593	3,158	2,511	2,776	3,213	2,550	2,712
Total Current Assets	1,868	724	776	1,303	632	899	1,265	612	777
Cash & Equivalents	1,042	323	264	909	427	321	795	416	320
Restricted Cash	135	109	28	25	31	17	18	23	21
Accounts Receivable	262	61	329	249	60	397	347	70	321
Prepaid Expenses	89	78	108	87	72	89	106	103	115
Plant, Property, & Equipment, net	133	128	137	136	132	137	140	136	144
Total Noncurrent Assets	1,780	1,707	1,681	1,719	1,748	1,740	1,808	1,803	1,791
Goodwill	764	747	765	770	771	789	788	792	783
Intangible Assets	323	303	305	293	268	275	277	256	271
Noncurrent Deferred & Refundable Income Taxes	237	194	182	227	249	239	288	261	282
Other Noncurrent Operating Assets	456	463	429	429	461	437	456	493	456
Total Liabilities & Shareholders' Equity	3,781	2,559	2,593	3,158	2,511	2,776	3,213	2,550	2,712
Total Liabilities	3,736	2,824	3,237	3,194	2,856	3,549	3,343	2,918	3,585
Total Current Liabilities	1,693	790	646	1,116	793	746	1,244	796	1,059
Short-Term Debt	499	0.00	0.00	0.00	0.00	0.00	0.00	0.00	350
Accounts Payable	226	168	137	236	150	143	247	162	137
Current Deferred & Payable Income Tax Liabilities	337	188	74	284	206	151	352	205	149
Current Employee Benefit Liabilities	227	56	68	209	52	66	239	58	65
Other Current Liabilities	403	377	367	387	385	385	406	371	359
Total Noncurrent Liabilities	2,043	2,034	2,591	2,079	2,063	2,803	2,100	2,122	2,525
Long-Term Debt	1,487	1,487	2,068	1,488	1,490	2,290	1,491	1,492	1,933
Capital Lease Obligations	211	223	205	199	224	209	215	247	228
Noncurrent Deferred & Payable Income Tax Liabilities	218	229	231	256	266	235	278	296	293
Other Noncurrent Operating Liabilities	128	94	86	135	84	69	116	87	72
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	45	-265	-643	-36	-345	-773	-130	-368	-872
Total Preferred & Common Equity	45	-265	-643	-36	-345	-773	-130	-368	-872
Total Common Equity	45	-265	-643	-36	-345	-773	-130	-368	-872
Common Stock	770	762	770	777	742	748	755	746	754
Retained Earnings	-57	-312	-708	-109	-394	-846	-200	-425	-909
Treasury Stock	-664	-661	-660	-660	-645	-638	-638	-647	-646
Accumulated Other Comprehensive Income / (Loss)	-3.84	-54	-45	-44	-48	-36	-46	-43	-72

This table displays calculated financial ratios and metrics derived from H&R Block's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.80%	-1.32%	-0.06%	4.07%	0.00%	0.00%	29.33%	1.44%	0.26%	3.98%
EBITDA Growth	-83.67%	430.09%	11.37%	4.09%	-82.29%	57.33%	255.55%	-4.60%	2.83%	5.30%
EBIT Growth	-100.80%	9,751.41%	13.13%	4.97%	-100.00%	0.00%	736.50%	-3.64%	4.93%	7.30%
NOPAT Growth	-100.00%	0.00%	12.30%	47.21%	-100.00%	0.00%	1,158.86%	-6.71%	-6.67%	6.81%
Net Income Growth	-0.31%	-20.98%	9.27%	49.93%	0.00%	0.00%	7,856.99%	-5.16%	0.00%	7.52%
EPS Growth	-0.58%	-12.87%	28.19%	52.36%	0.00%	0.00%	7,800.00%	4.55%	9.01%	17.38%
Operating Cash Flow Growth	-22.60%	-13.10%	1.40%	53.93%	-28.64%	-82.04%	474.45%	29.17%	1.65%	-12.29%
Free Cash Flow Firm Growth	-110.01%	-368.93%	328.19%	24.33%	-112.35%	-823.32%	202.91%	-17.53%	-8.59%	-16.03%
Invested Capital Growth	23.50%	357.52%	-34.52%	-33.01%	44.65%	301.54%	-21.22%	-15.10%	-14.87%	3.43%
Revenue Q/Q Growth	-8.89%	-0.43%	1.01%	2.10%	0.00%	0.00%	-21.90%	1.08%	-0.51%	0.85%
EBITDA Q/Q Growth	-92.23%	2,523.56%	9.11%	1.61%	-81.51%	57.90%	-36.91%	25.13%	9.07%	-2.64%
EBIT Q/Q Growth	-100.34%	795.87%	10.97%	2.50%	-100.00%	0.00%	-41.10%	32.60%	11.19%	-2.89%
NOPAT Q/Q Growth	-100.00%	755.66%	23.83%	132.90%	-100.00%	0.00%	-33.05%	-8.87%	12.84%	-7.01%
Net Income Q/Q Growth	-26.54%	-9.26%	25.35%	141.80%	0.00%	0.00%	-37.41%	25.12%	16.78%	-6.95%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-8.22%	21.86%	-1.68%	40.65%	-29.49%	-77.59%	-69.88%	62.45%	-11.99%	-3.07%
Free Cash Flow Firm Q/Q Growth	-103.74%	79.18%	-7.03%	67.48%	-113.51%	-19.20%	-46.20%	-21.38%	-17.22%	-4.26%
Invested Capital Q/Q Growth	-139.63%	-71.75%	-77.56%	-82.86%	-75.97%	-38.71%	-24.83%	-17.66%	4.11%	1.15%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	-5.92%	44.52%	45.84%	44.94%	0.00%	35.13%	46.04%	45.68%	44.60%	44.84%
EBITDA Margin	4.98%	26.73%	29.79%	29.79%	0.00%	9.94%	27.31%	25.68%	26.34%	26.68%
Operating Margin	0.00%	20.84%	23.58%	23.80%	0.00%	2.92%	22.54%	21.51%	21.56%	22.30%
EBIT Margin	-0.21%	21.01%	23.79%	23.99%	0.00%	3.51%	22.72%	21.58%	22.58%	23.31%
Profit (Net Income) Margin	15.39%	12.32%	13.47%	19.40%	0.00%	-0.29%	17.10%	15.99%	15.95%	16.49%
Tax Burden Percent	63.77%	65.72%	64.99%	91.69%	0.00%	223.06%	87.30%	84.01%	77.85%	78.09%
Interest Burden Percent	-11,229.10%	89.20%	87.13%	88.21%	0.00%	-3.64%	86.22%	88.19%	90.69%	90.60%
Effective Tax Rate	34.47%	32.65%	33.11%	6.25%	0.00%	0.00%	11.74%	14.93%	21.01%	21.56%
Return on Invested Capital (ROIC)	0.00%	271.08%	112.52%	250.67%	0.00%	6.59%	57.97%	66.38%	72.88%	83.21%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	277.85%	96.78%	170.67%	0.00%	-5.41%	47.84%	54.16%	67.42%	78.01%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-230.75%	-2,277.40%	117.78%	0.00%	-9.05%	196.35%	118.27%	381.54%	887.48%
Return on Equity (ROE)	27.95%	40.33%	-2,164.88%	368.45%	0.00%	-2.46%	254.32%	184.65%	454.42%	970.69%
Cash Return on Invested Capital (CROIC)	0.00%	-55.93%	154.23%	290.20%	-36.50%	-113.65%	81.72%	82.72%	88.95%	79.84%
Operating Return on Assets (OROA)	-0.14%	17.34%	26.07%	25.98%	0.00%	2.20%	17.00%	20.52%	24.73%	26.75%
Return on Assets (ROA)	10.29%	10.17%	14.76%	21.02%	0.00%	-0.18%	12.79%	15.20%	17.46%	18.93%
Return on Common Equity (ROCE)	27.95%	40.33%	-2,164.88%	368.45%	0.00%	-2.46%	254.32%	184.65%	454.42%	970.69%
Return on Equity Simple (ROE_SIMPLE)	25.84%	1,619.99%	-671.69%	155.74%	0.00%	-10.59%	150.44%	261.62%	1,726.86%	657.13%
Net Operating Profit after Tax (NOPAT)	0.00	426	479	705	0.00	54	679	634	591	632
NOPAT Margin	0.00%	14.04%	15.77%	22.31%	0.00%	2.04%	19.90%	18.30%	17.03%	17.50%
Net Nonoperating Expense Percent (NNEP)	24.60%	-6.77%	15.74%	79.99%	0.00%	12.00%	10.13%	12.22%	5.47%	5.21%
Cost of Revenue to Revenue	105.92%	55.48%	54.16%	55.06%	0.00%	64.87%	53.96%	54.32%	55.40%	55.16%
SG&A Expenses to Revenue	32.01%	23.68%	22.26%	21.14%	0.00%	28.20%	23.50%	24.17%	23.04%	22.53%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	42.45%	23.68%	22.26%	21.14%	0.00%	32.21%	23.50%	24.17%	23.04%	22.53%
Earnings before Interest and Taxes (EBIT)	-6.62	638	722	758	0.00	93	776	747	784	841
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	153	812	904	941	167	262	932	890	915	963
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.18	141.21	0.00	11.36	8.22	38.00	9.32	25.11	147.18	83.52
Price to Tangible Book Value (P/TBV)	6.08	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.89	1.07	1.26	1.42	0.00	1.02	1.06	1.53	1.36	2.10
Price to Earnings (P/E)	0.00	8.72	9.38	7.30	0.00	0.00	6.20	9.60	8.52	12.71
Dividend Yield	3.78%	5.50%	4.75%	4.49%	4.57%	7.42%	5.22%	4.05%	3.74%	2.36%
Earnings Yield	0.00%	11.47%	10.66%	13.70%	0.00%	0.00%	16.14%	10.42%	11.73%	7.87%
Enterprise Value to Invested Capital (EV/IC)	0.00	7.30	12.50	19.08	12.98	2.77	4.13	6.82	7.28	10.69
Enterprise Value to Revenue (EV/Rev)	1.23	1.24	1.39	1.36	0.00	1.38	1.25	1.73	1.56	2.28
Enterprise Value to EBITDA (EV/EBITDA)	24.80	4.62	4.66	4.57	25.41	13.86	4.57	6.72	5.94	8.56
Enterprise Value to EBIT (EV/EBIT)	0.00	5.88	5.83	5.68	0.00	39.20	5.50	8.00	6.93	9.80
Enterprise Value to NOPAT (EV/NOPAT)	0.00	8.80	8.79	6.11	0.00	67.36	6.28	9.44	9.19	13.06
Enterprise Value to Operating Cash Flow (EV/OCF)	6.06	6.89	7.63	5.07	6.98	33.36	6.81	7.40	6.61	11.44
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	6.42	5.28	0.00	0.00	4.45	7.57	7.53	13.61
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.28	64.59	-24.54	3.80	2.76	53.60	5.74	8.11	53.94	19.39
Long-Term Debt to Equity	0.28	64.55	-24.52	3.80	2.76	44.46	5.74	8.11	53.94	19.39
Financial Leverage	-1.14	-0.83	-23.53	0.69	-0.41	1.67	4.10	2.18	5.66	11.38
Leverage Ratio	2.72	3.97	-146.67	17.53	6.89	13.73	19.88	12.15	26.02	51.29
Compound Leverage Factor	-305.08	3.54	-127.80	15.47	0.00	-0.50	17.14	10.71	23.60	46.47
Debt to Total Capital	21.64%	98.48%	104.25%	79.16%	73.38%	98.17%	85.17%	89.02%	98.18%	95.10%
Short-Term Debt to Total Capital	0.03%	0.05%	0.07%	0.05%	0.00%	16.74%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	21.60%	98.42%	104.18%	79.11%	73.38%	81.43%	85.17%	89.02%	98.18%	95.10%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	78.36%	1.52%	-4.25%	20.84%	26.62%	1.83%	14.83%	10.98%	1.82%	4.90%
Debt to EBITDA	3.30	1.84	1.65	1.59	8.95	14.52	2.39	1.93	1.89	1.82
Net Debt to EBITDA	-13.27	0.61	0.42	-0.18	-1.29	3.56	0.69	0.75	0.78	0.71
Long-Term Debt to EBITDA	3.30	1.84	1.65	1.59	8.95	12.04	2.39	1.93	1.89	1.82
Debt to NOPAT	0.00	3.50	3.12	2.12	0.00	70.57	3.28	2.71	2.92	2.78
Net Debt to NOPAT	0.00	1.15	0.79	-0.24	0.00	17.32	0.95	1.05	1.21	1.08
Long-Term Debt to NOPAT	0.00	3.50	3.12	2.12	0.00	58.54	3.28	2.71	2.92	2.78
Altman Z-Score	2.84	2.60	3.00	3.34	1.57	1.26	2.51	3.05	2.98	3.54
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.57	1.17	1.43	2.24	2.16	1.96	2.12	1.39	1.26	1.27
Quick Ratio	1.39	1.01	1.25	2.01	1.85	1.77	1.55	0.94	1.12	1.15
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-61	-288	656	816	-101	-930	957	790	722	606
Operating Cash Flow to CapEx	508.78%	544.97%	618.67%	862.22%	635.18%	133.39%	1,185.65%	1,305.04%	1,179.15%	1,132.04%
Free Cash Flow to Firm to Interest Expense	-1.36	-4.17	7.06	9.13	0.00	-9.68	8.96	8.94	9.89	7.66
Operating Cash Flow to Interest Expense	13.85	7.90	5.94	9.51	0.00	1.13	5.86	9.16	11.26	9.12
Operating Cash Flow Less CapEx to Interest Expense	11.13	6.45	4.98	8.41	0.00	0.28	5.36	8.46	10.31	8.31
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.67	0.83	1.10	1.08	0.00	0.63	0.75	0.95	1.10	1.15
Accounts Receivable Turnover	17.12	18.92	19.22	20.42	0.00	19.40	30.74	47.00	58.63	55.95
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	9.99	10.04	10.89	12.75	0.00	13.32	21.10	26.32	27.35	27.63
Accounts Payable Turnover	0.00	0.00	6.90	7.42	0.00	7.57	10.03	11.57	11.99	12.62
Days Sales Outstanding (DSO)	21.32	19.29	18.99	17.88	0.00	18.82	11.87	7.77	6.23	6.52
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	52.90	49.20	0.00	48.24	36.40	31.55	30.44	28.93
Cash Conversion Cycle (CCC)	21.32	19.29	-33.91	-31.32	0.00	-29.43	-24.52	-23.78	-24.22	-22.41
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-200	514	337	226	326	1,311	1,033	877	746	772
Invested Capital Turnover	-13.36	19.31	7.13	11.24	0.00	3.22	2.91	3.63	4.28	4.76
Increase / (Decrease) in Invested Capital	61	714	-178	-111	101	984	-278	-156	-130	26
Enterprise Value (EV)	3,799	3,754	4,211	4,306	4,235	3,634	4,263	5,979	5,433	8,248
Market Capitalization	5,832	3,262	3,835	4,474	4,451	2,700	3,618	5,314	4,719	7,567
Book Value per Share	$6.66	$0.10	($0.29)	$1.88	$2.66	$0.37	$2.14	$1.33	$0.21	$0.65
Tangible Book Value per Share	$3.48	($3.93)	($4.64)	($2.33)	($1.58)	($5.49)	($3.96)	($5.38)	($6.70)	($6.87)
Total Capital	2,339	1,515	1,433	1,889	2,034	3,879	2,617	1,927	1,762	1,847
Total Debt	506	1,492	1,494	1,496	1,493	3,808	2,229	1,716	1,730	1,756
Total Long-Term Debt	505	1,491	1,493	1,495	1,493	3,158	2,229	1,716	1,730	1,756
Net Debt	-2,033	491	376	-168	-215	935	644	665	714	681
Capital Expenditures (CapEx)	123	100	89	99	95	82	53	62	70	64
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,465	-819	-710	-615	-637	-713	-486	-665	-767	-813
Debt-free Net Working Capital (DFNWC)	1,074	182	408	1,049	1,070	2,161	1,098	386	249	262
Net Working Capital (NWC)	1,073	181	407	1,048	1,070	1,511	1,098	386	249	262
Net Nonoperating Expense (NNE)	-474	52	70	92	0.00	61	95	80	38	36
Net Nonoperating Obligations (NNO)	-2,033	491	398	-168	-215	1,240	644	665	714	681
Total Depreciation and Amortization (D&A)	160	174	182	183	167	170	157	142	131	122
Debt-free, Cash-free Net Working Capital to Revenue	-47.59%	-26.96%	-23.38%	-19.45%	0.00%	-26.99%	-14.24%	-19.20%	-22.08%	-22.52%
Debt-free Net Working Capital to Revenue	34.88%	5.98%	13.43%	33.20%	0.00%	81.85%	32.16%	11.14%	7.16%	7.26%
Net Working Capital to Revenue	34.85%	5.96%	13.40%	33.17%	0.00%	57.25%	32.16%	11.14%	7.16%	7.26%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.72	$1.50	$1.92	$2.93	$2.05	($0.04)	$0.00	$3.27	$3.58	$4.18
Adjusted Weighted Average Basic Shares Outstanding	275.29M	220.52M	207.18M	209.26M	201.96M	192.48M	181.47M	159.95M	147.00M	139.59M
Adjusted Diluted Earnings per Share	$1.71	$1.49	$1.91	$2.91	$2.04	($0.04)	$0.00	$3.22	$3.51	$4.12
Adjusted Weighted Average Diluted Shares Outstanding	275.29M	220.52M	207.18M	209.26M	201.96M	192.48M	181.47M	159.95M	147.00M	139.59M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	($0.04)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	275.29M	220.52M	207.18M	209.26M	201.96M	192.48M	181.47M	159.95M	147.00M	139.59M
Normalized Net Operating Profit after Tax (NOPAT)	0.00	426	479	705	0.00	128	679	634	591	632
Normalized NOPAT Margin	0.00%	14.04%	15.77%	22.31%	0.00%	4.86%	19.90%	18.30%	17.03%	17.50%
Pre Tax Income Margin	24.13%	18.74%	20.73%	21.16%	0.00%	-0.13%	19.59%	19.03%	20.48%	21.11%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.15	9.26	7.77	8.48	0.00	0.96	7.26	8.47	10.75	10.64
NOPAT to Interest Expense	0.00	6.18	5.15	7.89	0.00	0.56	6.36	7.18	8.10	7.99
EBIT Less CapEx to Interest Expense	-2.87	7.81	6.81	7.38	0.00	0.11	6.76	7.76	9.79	9.83
NOPAT Less CapEx to Interest Expense	-2.72	4.74	4.19	6.79	0.00	-0.29	5.86	6.48	7.15	7.18
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	46.44%	53.89%	45.76%	32.70%	0.00%	-2,722.16%	33.41%	33.68%	32.13%	30.20%
Augmented Payout Ratio	48.64%	593.17%	124.70%	34.19%	0.00%	-6,126.55%	66.18%	135.40%	134.89%	93.96%

This table displays calculated financial ratios and metrics derived from H&R Block's official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.65%	-6.56%	4.78%	1.55%	-1.71%	2.12%	7.62%	4.36%	2.95%	5.45%	-0.01%
EBITDA Growth	106.24%	-23.85%	-2.54%	-1.27%	21.93%	3.26%	6.05%	5.94%	-6.17%	-12.82%	-12.94%
EBIT Growth	143.17%	-17.77%	-1.15%	-0.89%	25.29%	4.38%	6.27%	6.35%	-6.40%	-10.14%	-11.10%
NOPAT Growth	-23.83%	-19.65%	-2.13%	-5.83%	27.87%	1.33%	5.57%	8.35%	-15.16%	-10.67%	-9.67%
Net Income Growth	99.69%	-11.09%	-17.30%	-4.42%	35.73%	2.93%	15.13%	7.35%	-14.71%	-5.56%	-28.28%
EPS Growth	0.00%	0.00%	0.00%	1.73%	0.00%	0.00%	0.00%	17.96%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	249.52%	-2.89%	23.66%	-0.61%	-25.71%	-4.14%	-32.34%	6.54%	-7.07%	1.91%	6.61%
Free Cash Flow Firm Growth	-33.29%	-725.48%	115.87%	-0.17%	10.37%	78.07%	-320.78%	-33.93%	-46.44%	-329.58%	52.15%
Invested Capital Growth	-15.10%	4.61%	-18.61%	-32.67%	-14.87%	-10.11%	3.75%	6.45%	3.43%	2.21%	-6.61%
Revenue Q/Q Growth	-49.07%	-82.86%	-7.55%	1,158.16%	-50.70%	-82.19%	-2.57%	1,120.01%	-51.36%	-81.76%	-7.61%
EBITDA Q/Q Growth	-62.38%	-149.56%	-43.30%	469.49%	-53.54%	-139.32%	-39.18%	516.63%	-58.85%	-147.28%	-39.33%
EBIT Q/Q Growth	-64.76%	-165.85%	-35.78%	414.58%	-55.46%	-150.26%	-33.09%	456.94%	-60.79%	-159.13%	-34.26%
NOPAT Q/Q Growth	-65.59%	-161.35%	-35.43%	429.36%	-53.27%	-147.34%	-29.62%	477.92%	-63.41%	-161.75%	-28.45%
Net Income Q/Q Growth	-66.92%	-175.63%	-32.75%	387.79%	-53.02%	-154.08%	-16.07%	464.02%	-62.68%	-166.94%	-41.05%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-66.16%	-173.88%	-42.63%	378.74%	-74.71%	-203.57%	-81.25%	324.39%	-77.94%	-209.31%	-72.58%
Free Cash Flow Firm Q/Q Growth	-60.64%	-148.44%	156.27%	830.56%	-56.49%	-109.62%	-466.63%	378.50%	-64.73%	-177.18%	36.88%
Invested Capital Q/Q Growth	-17.66%	15.67%	31.93%	-46.41%	4.11%	22.13%	52.28%	-45.02%	1.15%	20.69%	39.14%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	50.58%	-44.82%	-79.29%	57.79%	53.42%	-41.11%	-67.42%	57.62%	52.35%	-39.10%	-75.47%
EBITDA Margin	33.02%	-95.49%	-148.01%	43.47%	40.97%	-90.46%	-129.22%	44.13%	37.34%	-96.79%	-145.95%
Operating Margin	29.67%	-116.18%	-170.19%	41.29%	36.48%	-112.26%	-149.33%	42.48%	33.02%	-117.81%	-163.79%
EBIT Margin	29.72%	-114.18%	-167.67%	41.92%	37.88%	-106.90%	-146.03%	42.72%	34.44%	-111.66%	-162.25%
Profit (Net Income) Margin	21.21%	-93.58%	-134.36%	30.73%	29.29%	-88.95%	-105.96%	31.62%	24.26%	-89.04%	-135.94%
Tax Burden Percent	75.89%	76.10%	75.03%	75.22%	80.58%	76.98%	67.08%	76.13%	73.62%	74.30%	77.94%
Interest Burden Percent	94.03%	107.70%	106.80%	97.46%	95.94%	108.08%	108.17%	97.21%	95.69%	107.32%	107.49%
Effective Tax Rate	23.43%	0.00%	0.00%	24.47%	18.97%	0.00%	0.00%	23.78%	26.22%	0.00%	0.00%
Return on Invested Capital (ROIC)	82.44%	-283.01%	-276.39%	122.20%	126.48%	-283.72%	-267.60%	156.66%	115.85%	-323.99%	-309.28%
ROIC Less NNEP Spread (ROIC-NNEP)	80.01%	-284.98%	-277.66%	121.13%	126.07%	-285.23%	-267.72%	154.63%	115.71%	-324.99%	-311.04%
Return on Net Nonoperating Assets (RNNOA)	174.70%	2,550.63%	1,092.27%	25,372.44%	713.51%	1,185.71%	783.01%	-1,531.49%	1,316.40%	1,165.12%	818.53%
Return on Equity (ROE)	257.14%	2,267.62%	815.88%	25,494.64%	839.99%	901.98%	515.40%	-1,374.82%	1,432.25%	841.12%	509.25%
Cash Return on Invested Capital (CROIC)	82.72%	56.78%	58.53%	97.89%	88.95%	72.03%	42.11%	85.55%	79.84%	65.29%	49.26%
Operating Return on Assets (OROA)	28.26%	-132.94%	-203.70%	42.17%	41.48%	-146.58%	-189.75%	48.01%	39.53%	-159.75%	-214.05%
Return on Assets (ROA)	20.17%	-108.95%	-163.22%	30.91%	32.07%	-121.96%	-137.69%	35.53%	27.85%	-127.39%	-179.33%
Return on Common Equity (ROCE)	257.14%	2,267.62%	815.88%	25,494.64%	839.99%	901.98%	515.40%	-1,374.82%	1,432.25%	841.12%	509.25%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-202.60%	-78.31%	-1,302.85%	0.00%	-161.98%	-76.68%	-492.87%	0.00%	-159.27%	-61.04%
Net Operating Profit after Tax (NOPAT)	239	-146	-198	653	305	-144	-187	707	259	-160	-205
NOPAT Margin	22.72%	-81.33%	-119.13%	31.19%	29.56%	-78.58%	-104.53%	32.38%	24.36%	-82.47%	-114.65%
Net Nonoperating Expense Percent (NNEP)	2.43%	1.97%	1.27%	1.07%	0.41%	1.50%	0.12%	2.03%	0.15%	1.00%	1.76%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-10.85%	-	-	-	-12.54%
Cost of Revenue to Revenue	49.42%	144.82%	179.29%	42.21%	46.58%	141.11%	167.42%	42.38%	47.65%	139.10%	175.47%
SG&A Expenses to Revenue	20.90%	71.36%	90.90%	16.50%	16.94%	71.15%	81.91%	15.13%	19.33%	78.72%	88.32%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.90%	71.36%	90.90%	16.50%	16.94%	71.15%	81.91%	15.13%	19.33%	78.72%	88.32%
Earnings before Interest and Taxes (EBIT)	312	-206	-279	878	391	-196	-262	933	366	-216	-291
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	347	-172	-246	910	423	-166	-231	964	397	-188	-261
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	25.11	0.00	0.00	0.00	147.18	0.00	0.00	0.00	83.52	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.53	1.87	1.57	1.48	1.36	1.77	1.95	1.90	2.10	2.45	2.00
Price to Earnings (P/E)	9.60	12.03	10.76	10.91	8.52	11.04	11.46	10.64	12.71	15.13	13.60
Dividend Yield	4.05%	2.72%	3.21%	3.36%	3.74%	2.84%	2.59%	2.56%	2.36%	2.10%	2.63%
Earnings Yield	10.42%	8.31%	9.29%	9.17%	11.73%	9.06%	8.73%	9.40%	7.87%	6.61%	7.35%
Enterprise Value to Invested Capital (EV/IC)	6.82	7.63	5.54	8.26	7.28	8.15	6.45	10.09	10.69	10.92	7.26
Enterprise Value to Revenue (EV/Rev)	1.73	2.24	2.14	1.70	1.56	2.14	2.57	2.15	2.28	2.81	2.60
Enterprise Value to EBITDA (EV/EBITDA)	6.72	9.03	8.71	7.06	5.94	8.07	9.57	7.79	8.56	10.80	10.32
Enterprise Value to EBIT (EV/EBIT)	8.00	10.80	10.38	8.40	6.93	9.36	11.04	8.89	9.80	12.38	11.88
Enterprise Value to NOPAT (EV/NOPAT)	9.44	12.73	13.07	11.30	9.19	12.57	14.34	11.34	13.06	16.36	16.52
Enterprise Value to Operating Cash Flow (EV/OCF)	7.40	9.68	7.86	6.34	6.61	9.18	13.56	10.36	11.44	13.99	12.26
Enterprise Value to Free Cash Flow (EV/FCFF)	7.57	13.74	8.49	6.79	7.53	10.71	15.60	12.17	13.61	16.90	14.23
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	8.11	-6.45	-3.53	-46.37	53.94	-4.97	-3.23	-13.14	19.39	-4.72	-2.88
Long-Term Debt to Equity	8.11	-6.45	-3.53	-46.37	53.94	-4.97	-3.23	-13.14	19.39	-4.72	-2.48
Financial Leverage	2.18	-8.95	-3.93	209.47	5.66	-4.16	-2.92	-9.90	11.38	-3.59	-2.63
Leverage Ratio	12.15	-23.76	-5.60	819.83	26.02	-8.31	-3.79	-38.34	51.29	-7.10	-3.34
Compound Leverage Factor	11.42	-25.59	-5.98	799.00	24.97	-8.99	-4.10	-37.26	49.08	-7.62	-3.59
Debt to Total Capital	89.02%	118.33%	139.48%	102.20%	98.18%	125.19%	144.76%	108.24%	95.10%	126.85%	153.27%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	21.35%
Long-Term Debt to Total Capital	89.02%	118.33%	139.48%	102.20%	98.18%	125.19%	144.76%	108.24%	95.10%	126.85%	131.93%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	10.98%	-18.33%	-39.48%	-2.20%	1.82%	-25.19%	-44.76%	-8.24%	4.90%	-26.85%	-53.27%
Debt to EBITDA	1.93	2.00	2.67	2.01	1.89	1.86	2.67	1.72	1.82	1.85	2.75
Net Debt to EBITDA	0.75	1.49	2.33	0.90	0.78	1.37	2.31	0.90	0.71	1.38	2.38
Long-Term Debt to EBITDA	1.93	2.00	2.67	2.01	1.89	1.86	2.67	1.72	1.82	1.85	2.37
Debt to NOPAT	2.71	2.81	4.01	3.22	2.92	2.90	4.00	2.51	2.78	2.80	4.41
Net Debt to NOPAT	1.05	2.10	3.50	1.44	1.21	2.13	3.46	1.31	1.08	2.09	3.81
Long-Term Debt to NOPAT	2.71	2.81	4.01	3.22	2.92	2.90	4.00	2.51	2.78	2.80	3.79
Altman Z-Score	2.61	2.25	1.66	3.02	2.56	2.13	1.73	3.22	3.05	2.64	1.60
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.39	0.92	1.20	1.17	1.26	0.80	1.21	1.02	1.27	0.77	0.73
Quick Ratio	0.94	0.49	0.92	1.04	1.12	0.61	0.96	0.92	1.15	0.61	0.61
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	395	-191	108	1,001	435	-42	-237	661	233	-180	-114
Operating Cash Flow to CapEx	4,713.75%	-1,990.38%	-1,810.97%	8,432.31%	2,481.05%	-2,593.60%	-3,067.79%	6,449.98%	3,052.67%	-1,753.84%	-1,866.55%
Free Cash Flow to Firm to Interest Expense	21.19	-12.08	5.66	44.88	27.44	-2.64	-11.11	25.36	14.78	-11.36	-5.22
Operating Cash Flow to Interest Expense	23.38	-20.33	-24.17	57.35	20.38	-21.11	-28.42	52.26	19.05	-20.73	-26.07
Operating Cash Flow Less CapEx to Interest Expense	22.89	-21.35	-25.50	56.67	19.56	-21.92	-29.35	51.45	18.43	-21.92	-27.47
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.95	1.16	1.21	1.01	1.10	1.37	1.30	1.12	1.15	1.43	1.32
Accounts Receivable Turnover	47.00	58.55	10.98	13.67	58.63	57.28	9.61	12.01	55.95	55.59	10.08
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	26.32	25.66	24.94	25.93	27.35	26.78	25.47	25.97	27.63	27.10	25.77
Accounts Payable Turnover	11.57	11.69	13.04	8.49	11.99	12.07	13.72	8.13	12.62	12.85	14.39
Days Sales Outstanding (DSO)	7.77	6.23	33.23	26.71	6.23	6.37	37.98	30.38	6.52	6.57	36.23
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	31.55	31.22	28.00	42.99	30.44	30.23	26.61	44.88	28.93	28.40	25.37
Cash Conversion Cycle (CCC)	-23.78	-24.99	5.23	-16.28	-24.22	-23.86	11.37	-14.50	-22.41	-21.83	10.86
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	877	1,014	1,338	717	746	911	1,388	763	772	932	1,296
Invested Capital Turnover	3.63	3.48	2.32	3.92	4.28	3.61	2.56	4.84	4.76	3.93	2.70
Increase / (Decrease) in Invested Capital	-156	45	-306	-348	-130	-103	50	46	26	20	-92
Enterprise Value (EV)	5,979	7,736	7,405	5,924	5,433	7,425	8,949	7,702	8,248	10,171	9,410
Market Capitalization	5,314	6,457	5,424	5,171	4,719	6,169	6,789	6,809	7,567	8,871	7,242
Book Value per Share	$1.33	($1.66)	($4.14)	($0.24)	$0.21	($2.35)	($5.37)	($0.93)	$0.65	($2.64)	($6.37)
Tangible Book Value per Share	($5.38)	($8.22)	($11.02)	($7.22)	($6.70)	($9.41)	($12.76)	($8.56)	($6.87)	($10.15)	($14.06)
Total Capital	1,927	1,445	1,630	1,651	1,762	1,369	1,726	1,576	1,847	1,371	1,638
Total Debt	1,716	1,710	2,273	1,688	1,730	1,714	2,499	1,706	1,756	1,739	2,510
Total Long-Term Debt	1,716	1,710	2,273	1,688	1,730	1,714	2,499	1,706	1,756	1,739	2,161
Net Debt	665	1,279	1,981	753	714	1,256	2,161	893	681	1,300	2,169
Capital Expenditures (CapEx)	9.24	16	25	15	13	13	20	21	9.85	19	30
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-665	-497	-162	-747	-767	-619	-185	-791	-813	-623	-274
Debt-free Net Working Capital (DFNWC)	386	-66	130	187	249	-161	153	22	262	-184	68
Net Working Capital (NWC)	386	-66	130	187	249	-161	153	22	262	-184	-282
Net Nonoperating Expense (NNE)	16	22	25	9.50	2.82	19	2.55	17	1.02	13	38
Net Nonoperating Obligations (NNO)	665	1,279	1,981	753	714	1,256	2,161	893	681	1,300	2,169
Total Depreciation and Amortization (D&A)	35	34	33	32	32	30	30	31	31	29	29
Debt-free, Cash-free Net Working Capital to Revenue	-19.20%	-14.41%	-4.69%	-21.41%	-22.08%	-17.79%	-5.30%	-22.09%	-22.52%	-17.22%	-7.57%
Debt-free Net Working Capital to Revenue	11.14%	-1.91%	3.76%	5.36%	7.16%	-4.63%	4.39%	0.61%	7.26%	-5.09%	1.87%
Net Working Capital to Revenue	11.14%	-1.91%	3.76%	5.36%	7.16%	-4.63%	4.39%	0.61%	7.26%	-5.09%	-7.79%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.10	($1.06)	($1.45)	$4.21	$1.88	($1.12)	($1.33)	$4.93	$1.70	($1.24)	($1.80)
Adjusted Weighted Average Basic Shares Outstanding	159.95M	155.47M	152.28M	152.28M	147.00M	143.93M	139.52M	139.53M	139.59M	137.05M	133.85M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$4.12	$0.00	$0.00	$0.00	$4.86	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	159.95M	155.47M	152.28M	152.28M	147.00M	143.93M	139.52M	139.53M	139.59M	137.05M	133.85M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	159.95M	155.47M	152.28M	152.28M	147.00M	143.93M	139.52M	139.53M	139.59M	137.05M	133.85M
Normalized Net Operating Profit after Tax (NOPAT)	239	-146	-198	653	305	-144	-187	707	259	-160	-205
Normalized NOPAT Margin	22.72%	-81.33%	-119.13%	31.19%	29.56%	-78.58%	-104.53%	32.38%	24.36%	-82.47%	-114.65%
Pre Tax Income Margin	27.95%	-122.97%	-179.08%	40.86%	36.34%	-115.54%	-157.96%	41.53%	32.96%	-119.84%	-174.40%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	16.76	-12.99	-14.70	39.36	24.64	-12.38	-12.24	35.80	23.20	-13.66	-13.36
NOPAT to Interest Expense	12.81	-9.25	-10.44	29.28	19.22	-9.10	-8.76	27.14	16.41	-10.09	-9.44
EBIT Less CapEx to Interest Expense	16.26	-14.01	-16.03	38.68	23.81	-13.20	-13.17	34.99	22.57	-14.84	-14.75
NOPAT Less CapEx to Interest Expense	12.32	-10.27	-11.78	28.60	18.40	-9.91	-9.69	26.33	15.78	-11.27	-10.84
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	33.68%	33.64%	35.47%	37.29%	32.13%	31.82%	30.14%	28.02%	30.20%	30.96%	35.09%
Augmented Payout Ratio	135.40%	145.44%	155.38%	116.12%	134.89%	124.29%	128.38%	119.01%	93.96%	110.71%	117.17%

Frequently Asked Questions About H&R Block's Financials

When does H&R Block's financial year end?

According to the most recent income statement we have on file, H&R Block's fiscal year ends in June. Their fiscal year 2024 ended on June 30, 2024.

How has H&R Block's net income changed over the last 9 years?

H&R Block's net income appears to be on an upward trend, with a most recent value of $595.32 million in 2024, rising from $473.66 million in 2015. The previous period was $553.70 million in 2023.

What is H&R Block's operating income?

H&R Block's total operating income in 2024 was $805.28 million, based on the following breakdown:

Total Gross Profit: $1.62 billion
Total Operating Expenses: $813.50 million

How has H&R Block revenue changed over the last 9 years?

Over the last 9 years, H&R Block's total revenue changed from $3.08 billion in 2015 to $3.61 billion in 2024, a change of 17.3%.

How much debt does H&R Block have?

H&R Block's total liabilities were at $3.13 billion at the end of 2024, a 2.9% increase from 2023, and a 16.6% increase since 2015.

How much cash does H&R Block have?

In the past 9 years, H&R Block's cash and equivalents has ranged from $885.02 million in 2022 to $2.66 billion in 2020, and is currently $1.05 billion as of their latest financial filing in 2024.

How has H&R Block's book value per share changed over the last 9 years?

Over the last 9 years, H&R Block's book value per share changed from 6.66 in 2015 to 0.65 in 2024, a change of -90.2%.

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This page (NYSE:HRB) was last updated on 4/14/2025 by MarketBeat.com Staff

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H&R Block (HRB) Financials

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H&R Block (HRB) Financials

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