For National Singles Awareness Day H&R Block, the 70-year leader in tax prep, is teaming up with Tinder to give the dating app’s users a chance to win $1,777KANSAS CITY, Mo., Feb. 13, 2025 (GLOBE NEWSWIRE) -- Managing finances as a single person can be tough, especially in the face of rising costs. That is why H&R Block (NYSE: HRB), the pioneer of the tax preparation category founded 70 years ago, has teamed up with Tinder to give 10 lucky singles a financial boost on Feb. 15, 2025, National Singles Awarene ...

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-06089 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2024 OR One H&R Block Way, Kansas City, Missouri 64105 Missouri 44-0607856 H&R Block, Inc. (Exact name of regis ...

Q2 FY25 Financial Results Conference Call H&R BLOCK 02 FY25 Financial Results Conference Call February 4, 2025 H&R BLOCK. Q2 FY25 Financial Results Conference Call H&R BLOCK Colby Brown Treasurer, Interim VP Investor Relations Q2 FY25 Financial Results Conference Call H&R BLOCK Safe Harbor Statement Forward-Looking Statement This presentation contains forward-looking statements within the meaning of the securities laws. Forward-looking statements can be identified by the fact that they do not relate strictl ...

Financial Data and Key Metrics Changes - Total revenue for Q2 2025 was $179 million, flat year-over-year due to lower Emerald Advance volume [40][41] - Total operating expenses increased by 6% to $472 million, primarily due to higher wages, healthcare costs, and occupancy costs [41] - The pretax loss for Q2 was $312 million, compared to $283 million in the prior year, with an EBITDA loss of $261 million [42][43] - Adjusted loss per share from continuing operations was $1.73, compared to $1.27 last year [43] Business Line Data and Key Metrics Changes - Assisted small business tax services delivered strong revenue growth, while DIY small business offerings improved conversion rates significantly [10][11] - Wave achieved a revenue growth of 15% in the quarter, driven by high-margin subscription products [12] - Financial products, including the Refund Advance loan, saw an increase in the maximum loan amount to $4,000, with significant growth in Spruce mobile banking user engagement [14][15][17] Market Data and Key Metrics Changes - The consumer tax industry has grown at a 1% CAGR for many decades, indicating stability [36] - The introduction of 1099-K forms is expected to impact the industry, with a reduction in thresholds for gig economy workers [54][75] Company Strategy and Development Direction - The company is focused on enhancing its Block Horizon strategic imperatives, including small business services and digital transformation [9][39] - Marketing strategies have been adjusted to emphasize value propositions such as price match guarantees and enhanced Refund Advance offerings [60][106] - The company aims to improve client experiences through personalized interactions and advanced technology, including AI Tax Assist [21][29] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the tax season, reaffirming the fiscal 2025 outlook despite challenges [8][44] - The company is prepared for potential changes from the IRS and is focused on operational readiness [66] - Management acknowledges the competitive landscape, particularly with Intuit's actions in the Assisted business [57] Other Important Information - The company has repurchased $190 million in shares during Q2, totaling $400 million for the first half of the year [46][39] - The effective tax rate for the fiscal year is expected to be approximately 13%, lower than historical levels [45] Q&A Session Summary Question: Industry volume trends and H&R Block's performance - Management anticipates a normal year with 1% volume growth, with DIY expected to grow slightly faster than Assisted [53] Question: Changes in competition - Management noted Intuit's recognition of the value in the Assisted business and their strategic adjustments [57] Question: Government and IRS impacts - Management is awaiting the appointment of a new IRS commissioner but does not foresee significant changes affecting operations [65] Question: Pricing strategies for Assisted and DIY - Assisted pricing strategy remains consistent with low single-digit increases, while DIY pricing is more dynamic [83] Question: Emerald Advance performance - Management is evaluating the performance of Emerald Advance, focusing on balancing approval rates with repayment rates [92] Question: Differentiation from competitors - Management emphasized the unique value propositions offered by H&R Block compared to independents and larger competitors [69][103]

H&R Block (HRB) reported $179.07 million in revenue for the quarter ended December 2024, representing a year-over-year decline of 0%. EPS of -$1.73 for the same period compares to -$1.27 a year ago.The reported revenue represents a surprise of -2.03% over the Zacks Consensus Estimate of $182.77 million. With the consensus EPS estimate being -$1.53, the EPS surprise was -13.07%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Str ...

H&R Block (HRB) came out with a quarterly loss of $1.73 per share versus the Zacks Consensus Estimate of a loss of $1.53. This compares to loss of $1.27 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -13.07%. A quarter ago, it was expected that this tax preparer would post a loss of $1.21 per share when it actually produced a loss of $1.17, delivering a surprise of 3.31%.Over the last four quarters, the company has surpassed ...

Exhibit 99.1 News Release For Immediate Release: February 4, 2025 H&R Block Reports Fiscal 2025 Second Quarter Results — Repurchased $190 Million of Shares— — Reaffirms Full Year Outlook — KANSAS CITY, Mo. - H&R Block, Inc. (NYSE: HRB) (the "Company") today released financial results for its fiscal 2025 second quarter ended December 31, 2024. 1 "I am pleased with our performance in the first half of the year," said Jeff Jones, president and chief executive officer. "We are reaffirming our fiscal 2025 outloo ...

— Repurchased $190 Million of Shares— — Reaffirms Full Year Outlook — KANSAS CITY, Mo., Feb. 04, 2025 (GLOBE NEWSWIRE) -- H&R Block, Inc. (NYSE: HRB) (the "Company") today released financial results1 for its fiscal 2025 second quarter ended December 31, 2024. "I am pleased with our performance in the first half of the year," said Jeff Jones, president and chief executive officer. "We are reaffirming our fiscal 2025 outlook, and are well prepared to deliver this tax season and in the second half of the fisca ...

H&R Block, Inc. (HRB) stock has been in a consolidation phase, losing a modest 2% over the past month compared with the industry's 2.3% growth.This analysis will explore HRB’s performance to assess whether its current levels offer an attractive entry point for investors.H&R Block's Strategic Growth Powers Future SuccessH&R Block looks well-poised to gain from its five-year strategy, Block Horizons 2025. The company has successfully attained the three strategic imperatives of the strategy in 2024, and we exp ...

Block Advisors by H&R Block demystifies a change impacting millions of small businesses, freelancers, and gig economy side hustlers this tax seasonKANSAS CITY, Mo., Jan. 22, 2025 (GLOBE NEWSWIRE) -- The millions of Americans with revenue-generating side hustles and casual sellers may be in for a big surprise this January—an unexpected tax form called the 1099-K. Payment platforms, apps and online marketplaces must issue a Form 1099-K to anyone who received $5,000 or more in payments on any single platform i ...