Companies /Consumer Cyclical

H&R Block Inc

NYSE: HRB Personal Services
$52.51
▼ $0.16 (−0.30%) today
Markets closed · 10:33pm ET

Q4 2025 Earnings

Reported Aug 12, 2025, 4:08pm ET · SEC source
$2.27
Miss −19.86%
EPS · est. $2.83
$1.1B
Beat +455.14%
Revenue · est. $200.1M
−2.1%
Trailing market
HRB vs S&P since report
4 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−4%0+4%Aug 12Aug 13report 4:08pm ETearnings+0.3%−1.1%
−4%0+4%Aug 12Aug 13earnings+0.3%−1.1%
HRB −1.1%S&P 500 +0.3%
−4%0+4%Aug 12Aug 13report 4:08pm ETearnings+0.0%−1.1%
−4%0+4%Aug 12Aug 13earnings+0.0%−1.1%
HRB −1.1%NASDAQ +0.0%
−4%0+4%+8%Aug 11Aug 20report 4:08pm ETearnings−0.7%+1.1%
−4%0+4%+8%Aug 11Aug 20earnings−0.7%+1.1%
HRB +1.1%S&P 500 −0.7%
−4%0+4%+8%Aug 11Aug 20report 4:08pm ETearnings−2.5%+1.1%
−4%0+4%+8%Aug 11Aug 20earnings−2.5%+1.1%
HRB +1.1%NASDAQ −2.5%
−3.07%
Day of report
−1.10%
Next session
+3.04%
One week
+0.42%
30 days

S&P 500 over the same 30 days: +2.48%.

Did HRB Beat Earnings? Q4 2025 Results

H&R Block delivered a mixed fiscal fourth quarter, with an earnings miss overshadowing a modest revenue beat as a delayed tax benefit left a visible gap in the results. Adjusted diluted EPS came in at $2.27, falling short of the $2.83 consensus estimate by 19.79%, largely because a one-time tax benefit of roughly $0.50 per share tied to the closure of tax examination matters failed to materialize before the fiscal year ended June 30. Revenue of $1.11 billion grew 4.5% year over year and edged 3.46% above the $1.07 billion analyst estimate, supported by higher net average charge across both Assisted and DIY channels. For the full fiscal year, the company returned $600 million to shareholders and raised its quarterly dividend by 12% to $0.42 per share, marking eight consecutive annual increases. With an incoming CEO taking the helm January 1, 2026, management is guiding fiscal 2026 adjusted diluted EPS of $4.85 to $5.00 on revenue of $3.88 billion to $3.90 billion, signaling confidence in continued momentum.

Key Takeaways
  • Increase in overall net average charge (NAC) across Assisted and DIY
  • Higher company-owned return volumes in the U.S.
  • Landmark year for small business operations
  • Share repurchases reducing diluted share count

“Fiscal 2025 marked another year of meaningful progress in our transformation journey, with strong revenue growth, disciplined capital allocation, and continued innovation across our client offerings. As we look ahead, we are intensifying efforts to engage clients with more complex needs, expanding our small business reach, and further leveraging technology and AI to deliver greater business efficiencies and seamless, personalized experiences that distinguish H&R Block in the marketplace.”

H&R Block CEO, on the earnings call

Forward Guidance & Outlook

For fiscal year 2026, H&R Block expects revenue of $3.875 billion to $3.895 billion, EBITDA of $1.015 billion to $1.035 billion, an effective tax rate of approximately 25%, and adjusted diluted EPS of $4.85 to $5.00. The company plans to intensify efforts to engage clients with more complex needs, expand small business reach, and further leverage technology and AI.

HRB YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$400.0M$800.0M$1.2B$1.1B$1.1BRevenue$350.8M$371.3MOperating Income$257.8M$299.4MNet Income
$0$400.0M$800.0M$1.2BRevenueOperating IncomeNet Income

HRB Revenue by Segment

U.S. Tax Preparation and Related Services$3.3B
Assisted Tax Preparation$2.4B
DIY Tax Preparation$383.7M
International$247.0M
Royalties$192.9M
Refund Transfers$137.5M
Wave$109.2M
Financial Services$101.8M

Figures from SEC filings and company reports. Not investment advice.