H&R Block combines 70 years of trusted expertise with cutting-edge technology and unparalleled support to ensure hardworking Americans get every dollar they deserve at tax timeKANSAS CITY, Mo., Jan. 14, 2025 (GLOBE NEWSWIRE) -- With e-file set to open on Jan. 27, H&R Block (NYSE: HRB) is arming taxpayers with the latest information regarding significant changes to tax laws, deductions and credits that could impact individual returns, and the resources needed to minimize tax liabilities and receive their max ...

No interest and no loan fees for those who need money ahead of their refundKANSAS CITY, Mo., Jan. 06, 2025 (GLOBE NEWSWIRE) -- H&R Block (NYSE: HRB) is excited to announce the return of Refund Advance loan1, a no-interest loan of up to $4,000, issued by Pathward®, N.A, available to qualifying taxpayers who file their taxes with H&R Block between Jan. 3 and Feb. 28, 2025. Designed to help hardworking Americans access funds more quickly than waiting for their refund, Refund Advance loan provides financial rel ...

KANSAS CITY, Mo., Jan. 06, 2025 (GLOBE NEWSWIRE) -- H&R Block (NYSE:HRB) is excited to announce the return of Refund Advance loan1, a no-interest loan of up to $4,000, issued by Pathward®, N.A, available to qualifying taxpayers who file their taxes with H&R Block between Jan. 3 and Feb. 28, 2025. Designed to help hardworking Americans access funds more quickly than waiting for their refund, Refund Advance loan provides financial relief to filers while they wait for their refund to be processed. Unlike loans ...

KANSAS CITY, Mo., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Even as rising levels of debt further strain household budgets, and with many Americans already facing financial pressures that could lead to even greater economic challenges in the year ahead, holiday spending is increasing. These findings echo H&R Block's (NYSE:HRB) fourth annual 2024 Outlook on American Life report, which reveals that while many generations remain optimistic about their income and buying power, they are simultaneously burdened by overwh ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the tr ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of a ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks ...

H&R Block (HRB) reported $193.81 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 5.5%. EPS of -$1.17 for the same period compares to -$1.05 a year ago.The reported revenue represents a surprise of +2.66% over the Zacks Consensus Estimate of $188.78 million. With the consensus EPS estimate being -$1.21, the EPS surprise was +3.31%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...

Group 1 - H&R Block reported a quarterly loss of $1.17 per share, which was better than the Zacks Consensus Estimate of a loss of $1.21, but worse than the loss of $1.05 per share a year ago, indicating an earnings surprise of 3.31% [1] - The company posted revenues of $193.81 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.66% and showing an increase from $183.8 million in the same quarter last year [2] - H&R Block shares have increased approximately 29.3% since the beginning of the year, outperforming the S&P 500's gain of 24.3% [3] Group 2 - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The estimate revisions trend for H&R Block is currently mixed, resulting in a Zacks Rank 3 (Hold), suggesting the shares are expected to perform in line with the market in the near future [6] - The current consensus EPS estimate for the upcoming quarter is -$1.44 on revenues of $184.48 million, and for the current fiscal year, it is $5.25 on revenues of $3.72 billion [7] Group 3 - The outlook for the Consumer Services - Miscellaneous industry, where H&R Block operates, is currently in the bottom 25% of over 250 Zacks industries, which may negatively impact stock performance [8]

Revenue Performance - Total revenues increased by $10.0 million, or 5.4%, to $193.8 million for the three months ended September 30, 2024, compared to the prior year[36] - U.S. assisted tax preparation revenues rose by $3.7 million, or 9.4%, driven by higher company-owned tax return volumes and an increase in net average charge[38] - International tax preparation revenues increased by $4.3 million, or 7.1%, primarily due to higher tax return volumes in Australia and favorable foreign currency exchange rates[38] Operating Expenses - Total operating expenses rose by $32.0 million, or 8.2%, with field wages increasing by $5.7 million, or 9.1%, due to higher tax professional wages[38] - Marketing and advertising expenses surged by $4.5 million, or 81.9%, attributed to lower vendor refunds for expired customer incentives and increased online advertising[38] Net Loss and Earnings Per Share - Net loss from continuing operations was $171.4 million, compared to a loss of $162.9 million in the prior year, reflecting an increase of $8.5 million, or 5.2%[36] - Basic and diluted loss per share for continuing operations was $(1.23), compared to $(1.11) in the prior year, representing a decrease of 10.8%[36] - Adjusted diluted loss per share from continuing operations was $(1.17) for the three months ended September 30, 2024, compared to $(1.05) in the prior year[56] Cash Flow and Financing Activities - Cash used in operating activities totaled $328.6 million for the three months ended September 30, 2024, compared to $335.0 million in the prior year[45] - Cash used in financing activities increased to $284.5 million, up from $195.2 million in the prior year, primarily due to higher repurchases of common stock[45] Tax and Dividends - The effective tax rate for the three months ended September 30, 2024, was 26.2%, compared to 23.3% in the prior year[40] - Dividends paid totaled $44.7 million for the three months ended September 30, 2024, compared to $43.0 million for the same period in 2023, reflecting a year-over-year increase of 3.95%[46] Share Repurchase and Capital Expenditures - The company repurchased $209.6 million of its common stock at an average price of $63.51 per share during the three months ended September 30, 2024, compared to $132.0 million at an average price of $40.43 per share in the prior year period, indicating a significant increase in repurchase activity[46] - Capital expenditures increased to $18.7 million for the three months ended September 30, 2024, up from $12.9 million in the same period of 2023, representing a 45% increase[47] Acquisitions and Commitments - The company acquired franchisee and competitor businesses totaling $5.9 million during the three months ended September 30, 2024, compared to $6.9 million in the prior year period[47] - The company has a remaining commitment to purchase additional federal Investment tax credits (ITCs) estimated to be $74.0 million, with the final payment anticipated by June 30, 2025[48] Cash Position - As of September 30, 2024, the company held cash and cash equivalents of $415.9 million, including $183.5 million held by foreign subsidiaries[48]