H&R Block(US:HRB) Globenewswire·2025-11-06 21:05Core Insights - H&R Block, Inc. reported a strong start to fiscal 2026 with a 5.0% increase in revenue compared to the previous year, totaling $203.6 million [4][3] - The company returned $455 million to shareholders through dividends and share repurchases, reaffirming its commitment to delivering shareholder value [3][6] - The leadership transition to Curtis Campbell is expected to support the company's ongoing transformation and future performance [2] Financial Performance - Total revenue for the first quarter was $203.6 million, an increase of $9.7 million or 5.0% year-over-year, driven by higher net average charges and increased volume in the Assisted category [4][3] - Operating expenses decreased by $11.6 million or 2.7% to $410.6 million, primarily due to lower legal fees and settlements [5] - The net loss from continuing operations improved by $6.1 million or 3.5% to ($165.4) million, with loss per share from continuing operations increasing by 2.4% to ($1.26) [5][19] Capital Allocation - The company repurchased and retired 7.9 million shares at an aggregate price of $400 million, or $50.90 per share, during the first quarter [7] - Since 2016, H&R Block has returned nearly $5.0 billion to shareholders through dividends and share repurchases, buying back 47% of its shares outstanding [6] Fiscal Year 2026 Outlook - H&R Block expects revenue to be in the range of $3.875 to $3.895 billion and EBITDA to be between $1.015 billion and $1.035 billion for fiscal 2026 [8][14] - The company plans to pay a quarterly cash dividend of $0.42 per share on January 6, 2026, to shareholders of record as of December 4, 2025 [7]