ZACKS·2025-11-10 19:52Core Insights - H&R Block, Inc. reported an adjusted loss of $1.20 per share in Q1 of fiscal 2026, which was better than the Zacks Consensus Estimate of a loss of $1.40 per share and a year-ago loss of $1.17 per share [1][8] - Total revenues reached $203.6 million, exceeding the Zacks Consensus Estimate by 2.1% and reflecting a year-over-year increase of 5.03% [1][8] Financial Performance - Revenues from U.S. tax preparation and related services were $100.19 million, up 6.9% year over year [3] - Financial services revenues totaled $7.85 million, marking a year-over-year decline of 11.04% [3] - International revenues increased by 1.2% to $65.7 million, while Wave revenues jumped 13% to $29.85 million [3] Guidance and Outlook - H&R Block expects fiscal 2026 adjusted EPS in the range of $4.85-$5.00, with the midpoint of $4.925 below the Zacks Consensus Estimate of $4.94 [2] - The company anticipates revenues for fiscal 2026 to be between $3.875 billion and $3.895 billion, with the midpoint of $3.885 billion slightly above the Zacks Consensus Estimate of $3.88 billion [5] - Expected EBITDA for fiscal 2026 is between $1.015 billion and $1.035 billion, with an effective tax rate of approximately 25% [5] Balance Sheet - H&R Block ended the quarter with cash and cash equivalents of $376.4 million and long-term debt of $1.73 billion, up from $1.14 billion at the end of June 2025 [4] - The company utilized $356.8 million in cash for operating activities, with capital expenditures of $13.19 million [4]