Q1 26 EPS
$-1.20
BEAT +11.28%
Est. $-1.35
Q1 26 Revenue
$203.6M
BEAT +1.71%
Est. $200.1M
vs S&P Since Q1 26
-37.8%
TRAILING MARKET
HRB -28.5% vs S&P +9.3%
Market Reaction
Did HRB Beat Earnings? Q1 2026 Results
H&R Block delivered a better-than-expected fiscal first quarter for 2026, posting an adjusted loss per share of $1.20 against a consensus estimate of $1.35, a beat of 11.28%, while revenue of $203.55 million edged ahead of the $200.13 million estimat… Read more H&R Block delivered a better-than-expected fiscal first quarter for 2026, posting an adjusted loss per share of $1.20 against a consensus estimate of $1.35, a beat of 11.28%, while revenue of $203.55 million edged ahead of the $200.13 million estimate and grew 5.0% year over year. The company's characteristic seasonal loss pattern improved meaningfully, with the net loss from continuing operations narrowing to $165.37 million from $171.42 million a year prior, helped by a 2.7% decline in total operating expenses driven largely by lower legal fees and settlements. Revenue gains were fueled by higher net average charge in Assisted tax preparation and strong growth in Wave subscription and payments volume. Capital returns remained aggressive, with H&R Block repurchasing 7.9 million shares for $400.00 million during the quarter, contributing to a cumulative $5.00 billion returned to shareholders since 2016. Management reaffirmed its full-year outlook, targeting revenue of $3.88 billion to $3.90 billion and adjusted diluted EPS of $4.85 to $5.00, signaling confidence heading into the core tax season.
Key Takeaways
- • Increase in net average charge (NAC) in Assisted category
- • Higher year-over-year volume in Assisted tax preparation
- • Strong growth in Wave subscription revenue and payments volume
- • Lower legal fees and settlements reducing operating expenses by 2.7%
HRB YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
HRB Revenue by Segment
With YoY comparisons, source: SEC Filings
“Fiscal 2026 is off to a strong start, not only in the financial results we are reporting but also in the plans we are preparing to execute in the coming quarters. Our team is excited to build on our momentum for the remainder of the year.”
— Jeff Jones, Q1 2026 Earnings Press Release
HRB Earnings Trends
HRB vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
HRB EPS Trend
Earnings per share: estimate vs actual
HRB Revenue Trend
Quarterly revenue: estimate vs actual
HRB Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 | — | — | — | — | — |
| Q3 26 BEAT | $5.77 | $6.02 | +4.33% | $2.40B | +2.67% |
| Q2 26 BEAT | $-1.89 | $-1.84 | +2.77% | $198.9M | +6.14% |
| Q1 26 BEAT | $-1.35 | $-1.20 | +11.28% | $203.6M | +1.71% |
| Q4 25 MISS FY | $2.83 | $2.27 | -19.86% | $1.11B | +455.14% |
| FY Full Year | $5.25 | $4.66 | -11.24% | $3.76B | +1.00% |
| Q3 25 BEAT | $5.17 | $5.38 | +4.06% | $2.28B | +1.30% |