Companies /Consumer Cyclical

H&R Block Inc

NYSE: HRB Personal Services
$52.77
â–² $0.10 (+0.18%) today
Markets open · 12:33pm ET

Q2 2026 Earnings

Reported Feb 3, 2026, 4:06pm ET · SEC source
$-1.84
Beat +2.77%
EPS · est. $-1.89
$198.9M
Beat +6.14%
Revenue · est. $187.4M
−9.2%
Trailing market
HRB vs S&P since report
4 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−6%−3%0Feb 3Feb 4report 4:06pm ETearnings−0.3%−6.7%
−6%−3%0Feb 3Feb 4earnings−0.3%−6.7%
HRB −6.7%S&P 500 −0.3%
−6%−3%0Feb 3Feb 4report 4:06pm ETearnings−1.5%−6.7%
−6%−3%0Feb 3Feb 4earnings−1.5%−6.7%
HRB −6.7%NASDAQ −1.5%
−16%−8%0Feb 2Feb 11report 4:06pm ETearnings+0.5%−19.9%
−16%−8%0Feb 2Feb 11earnings+0.5%−19.9%
HRB −19.9%S&P 500 +0.5%
−16%−8%0Feb 2Feb 11report 4:06pm ETearnings−0.4%−19.9%
−16%−8%0Feb 2Feb 11earnings−0.4%−19.9%
HRB −19.9%NASDAQ −0.4%
−7.10%
Day of report
−2.46%
Next session
−13.69%
One week
−10.39%
30 days

S&P 500 over the same 30 days: −1.15%.

Did HRB Beat Earnings? Q2 2026 Results

H&R Block delivered a stronger-than-expected fiscal second quarter, beating consensus estimates on both the top and bottom lines despite the seasonal loss that defines its off-peak period. The tax services company posted an adjusted loss per share of $1.84, ahead of the $1.89 consensus estimate by 2.77%, while revenue climbed 11.1% year-over-year to $198.87 million, topping expectations of $187.36 million by 6.14%. The outperformance was driven by higher volume and net average charge in assisted tax preparation, alongside double-digit growth in Wave subscriptions and payments and accelerating DIY software sales. As is typical for the heavily seasonal business, Q2 generated a net loss, though management struck a confident tone by reaffirming its full-year fiscal 2026 outlook, projecting revenue of $3.88 billion to $3.90 billion and adjusted diluted EPS of $4.85 to $5.00. Still, some analysts remain cautious heading into tax season, citing intensifying competition from AI-native tax solutions as a potential headwind to growth.

Key Takeaways
  • Higher volume and net average charge in assisted tax preparation category
  • Strong growth in Wave subscription revenue and payments volume
  • Increased DIY software sales
  • Fewer shares outstanding from share repurchases improving per-share metrics

“Across the business, we've made tangible improvements this season, whether receiving assistance from a tax professional or filing using our award-winning online tax product. We are elevating the value we deliver through expert‑led, technology‑enabled experiences that are increasingly supported by thoughtful AI integration. In a year of heightened uncertainty for many filers, our client‑first strategy and disciplined execution keep us focused on durable growth and long‑term value.”

H&R Block CEO, on the earnings call

Forward Guidance & Outlook

H&R Block reaffirmed its fiscal year 2026 outlook: revenue of $3.875 to $3.895 billion, EBITDA of $1.015 to $1.035 billion, effective tax rate of approximately 25%, and adjusted diluted EPS of $4.85 to $5.00.

HRB YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$-200,000,000$0$200.0M$179.1M$198.9MRevenue$-304,698,746$-298,879,000Operating Income$-239,743,946$-241,566,000Net Income
$-200,000,000$0$200.0MRevenueOperating IncomeNet Income

HRB Revenue by Segment

U.S. Tax Preparation and Related Services$111.8M+13.8%
Assisted Tax Preparation$55.9M+15.6%
DIY Tax Preparation$16.8M+22.3%
International$34.7M+9.1%
Royalties$5.1M+46.0%
Refund Transfers$638,000
Wave$29.8M+12.1%
Financial Services$22.6M

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