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Block (H.&R.), Inc. Financials

HRB
Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE June

This page shows Block (H.&R.), Inc. (HRB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI HRB FY2025

Thin equity and steady cash generation define the model, with shareholder payouts amplifying leverage-looking ratios.

FY2025 net income reached $606M, yet operating cash flow was only $681M, much closer to earnings than in the prior two years. Free-cash-flow margin slid to 15.9% from 21.7% earlier in the period, which points to weaker cash conversion from the same revenue base rather than a simple profit shortfall.

Capital returns have left equity unusually thin, visible in the steady share-count reduction since FY2021 and FY2025 equity of only $88.9M. Because long-term debt also fell to $1.14B, debt-to-equity looks harsher than the debt stack alone would suggest; the ratio is being driven as much by a small denominator as by borrowing.

Revenue growth is not materially changing the cost structure: sales reached $3.76B while gross margin held near 44.5%, implying the mix and unit economics are staying fairly stable. Short-term liquidity tightened as the current ratio slipped below 1.0x to 0.9x, so the business is leaning more on recurring cash generation to meet near-term obligations.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 37 / 100
Financial Profile 37/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Block (H.&R.), Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth
40

Block (H.&R.), Inc.'s revenue grew a modest 4.2% year-over-year to $3.8B. This slow but positive growth earns a score of 40/100.

Leverage
0

Block (H.&R.), Inc. has elevated debt relative to equity (D/E of 12.86), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity
13

Block (H.&R.), Inc.'s current ratio of 0.90 is below the typical benchmark, resulting in a score of 13/100. However, the company holds substantial cash reserves (76% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.

Cash Flow
69

Block (H.&R.), Inc. converts 15.9% of revenue into free cash flow ($598.8M). This strong cash generation earns a score of 69/100.

Returns
100

Block (H.&R.), Inc. earns a strong 681.4% return on equity (ROE), meaning it generates $681 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 657.1% the prior year.

Piotroski F-Score Strong
7/9

Block (H.&R.), Inc. passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
1.12x

For every $1 of reported earnings, Block (H.&R.), Inc. generates $1.12 in operating cash flow ($680.9M OCF vs $605.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$3.8B
YoY+4.2%
5Y CAGR+7.3%
10Y CAGR+2.0%

Block (H.&R.), Inc. generated $3.8B in revenue in fiscal year 2025. This represents an increase of 4.2% from the prior year.

EBITDA
N/A
Net Income
$605.8M
YoY+1.8%
10Y CAGR+2.5%

Block (H.&R.), Inc. reported $605.8M in net income in fiscal year 2025. This represents an increase of 1.8% from the prior year.

EPS (Diluted)
$4.39
YoY+6.6%
10Y CAGR+9.9%

Block (H.&R.), Inc. earned $4.39 per diluted share (EPS) in fiscal year 2025. This represents an increase of 6.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$598.8M
YoY-8.9%
5Y CAGR+85.5%
10Y CAGR+1.8%

Block (H.&R.), Inc. generated $598.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 8.9% from the prior year.

Cash & Debt
$983.3M
YoY-6.7%
5Y CAGR-17.7%
10Y CAGR-2.7%

Block (H.&R.), Inc. held $983.3M in cash against $1.1B in long-term debt as of fiscal year 2025.

Dividends Per Share
$1.50
YoY+17.2%
5Y CAGR+7.6%
10Y CAGR+6.5%

Block (H.&R.), Inc. paid $1.50 per share in dividends in fiscal year 2025. This represents an increase of 17.2% from the prior year.

Shares Outstanding
134M
YoY-4.0%
5Y CAGR-7.0%
10Y CAGR-7.0%

Block (H.&R.), Inc. had 134M shares outstanding in fiscal year 2025. This represents a decrease of 4.0% from the prior year.

Margins & Returns

Gross Margin
44.5%
YoY-0.3pp
5Y CAGR+9.4pp
10Y CAGR-2.5pp

Block (H.&R.), Inc.'s gross margin was 44.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.3 percentage points from the prior year.

Operating Margin
N/A
Net Margin
16.1%
YoY-0.4pp
5Y CAGR+16.4pp
10Y CAGR+0.7pp

Block (H.&R.), Inc.'s net profit margin was 16.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.4 percentage points from the prior year.

Return on Equity
681.4%
YoY+24.3pp
5Y CAGR+711.8pp
10Y CAGR+653.1pp

Block (H.&R.), Inc.'s ROE was 681.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 24.3 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
$82.0M
YoY+28.8%
5Y CAGR+0.1%
10Y CAGR-4.0%

Block (H.&R.), Inc. invested $82.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 28.8% from the prior year.

HRB Income Statement

Metric Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Revenue $2.4B+1105.9% $198.9M-2.3% $203.6M-81.7% $1.1B-51.2% $2.3B+1171.6% $179.1M-7.6% $193.8M-81.8% $1.1B
Cost of Revenue $1.0B+203.6% $339.9M+24.1% $274.0M-48.6% $532.9M-45.0% $969.4M+208.5% $314.2M+16.6% $269.6M-46.8% $506.4M
Gross Profit $1.4B+1068.5% -$141.1M-100.2% -$70.5M-112.2% $578.1M-55.8% $1.3B+1067.7% -$135.1M-78.4% -$75.8M-113.6% $556.3M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $329.3M+108.7% $157.8M+15.6% $136.6M-34.0% $206.8M-37.2% $329.4M+108.3% $158.2M+3.7% $152.6M-25.7% $205.4M
Operating Income N/A N/A N/A N/A N/A N/A N/A N/A
Interest Expense $24.3M+4.0% $23.4M+34.3% $17.4M+9.9% $15.8M-35.9% $24.7M+13.5% $21.8M+37.3% $15.8M+0.5% $15.8M
Income Tax $167.7M+315.9% -$77.7M-52.4% -$51.0M-175.6% $67.4M-71.4% $235.3M+436.9% -$69.8M-14.8% -$60.8M-166.3% $91.8M
Net Income $847.9M+450.1% -$242.2M-46.0% -$165.8M-155.4% $299.4M-58.5% $722.3M+396.7% -$243.4M-41.1% -$172.6M-166.9% $257.8M
EPS (Diluted) $6.60+445.5% $-1.91-51.6% $-1.26 N/A $5.31+396.6% $-1.79-45.5% $-1.23 N/A

HRB Balance Sheet

Metric Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Total Assets $3.4B+15.8% $2.9B+11.8% $2.6B-19.7% $3.3B+0.6% $3.2B+19.6% $2.7B+6.4% $2.5B-20.8% $3.2B
Current Assets $1.3B+53.1% $841.8M+49.2% $564.2M-51.5% $1.2B-6.7% $1.2B+60.4% $777.4M+27.1% $611.6M-50.7% $1.2B
Cash & Equivalents $867.0M+148.3% $349.2M-7.2% $376.4M-61.7% $983.3M+27.2% $772.9M+141.5% $320.1M-23.0% $415.9M-60.5% $1.1B
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $297.6M-15.6% $352.5M+449.5% $64.1M+0.8% $63.6M-81.9% $352.4M+9.7% $321.2M+359.3% $69.9M+1.2% $69.1M
Goodwill $815.6M0.0% $815.6M+2.2% $797.7M-0.5% $802.1M+2.1% $785.9M+0.3% $783.3M-1.1% $792.2M+0.9% $785.2M
Total Liabilities $3.4B-9.0% $3.8B+18.3% $3.2B-0.1% $3.2B-7.6% $3.4B-4.1% $3.6B+22.8% $2.9B-6.7% $3.1B
Current Liabilities $1.3B+97.7% $654.8M-11.5% $739.6M-43.1% $1.3B-18.3% $1.6B+50.1% $1.1B+33.1% $795.9M-18.6% $977.3M
Long-Term Debt $1.5B-38.8% $2.4B+40.4% $1.7B+51.7% $1.1B0.0% $1.1B-40.9% $1.9B+29.6% $1.5B0.0% $1.5B
Total Equity -$24.4M+97.0% -$823.1M-49.4% -$550.9M-719.7% $88.9M+146.1% -$192.8M+77.9% -$872.5M-137.0% -$368.1M-506.3% $90.6M
Retained Earnings -$110.5M+87.8% -$904.8M-48.5% -$609.3M-5151.8% $12.1M+105.1% -$236.9M+73.9% -$908.8M-114.1% -$424.5M-3455.0% $12.7M

HRB Cash Flow Statement

Metric Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Operating Cash Flow $1.6B+353.7% -$614.0M-72.1% -$356.8M-241.8% $251.6M-81.0% $1.3B+333.7% -$567.1M-72.6% -$328.6M-209.3% $300.6M
Capital Expenditures $18.4M-48.2% $35.5M+169.5% $13.2M+28.7% $10.3M-54.8% $22.7M-25.4% $30.4M+62.2% $18.7M+90.3% $9.8M
Free Cash Flow $1.5B+337.0% -$649.5M-75.5% -$370.0M-253.3% $241.3M-81.5% $1.3B+318.0% -$597.4M-72.0% -$347.3M-219.5% $290.7M
Investing Cash Flow -$30.6M+56.9% -$71.0M-239.3% -$20.9M-479.3% $5.5M+123.6% -$23.4M+61.7% -$61.1M-131.5% -$26.4M-556.2% $5.8M
Financing Cash Flow -$1.0B-254.2% $654.6M+390.9% -$225.0M-333.3% -$51.9M+93.9% -$854.1M-257.3% $543.0M+290.9% -$284.4M-549.3% -$43.8M
Dividends Paid $53.2M-2.1% $54.3M+8.2% $50.2M0.0% $50.2M0.0% $50.2M-4.1% $52.3M+17.1% $44.7M0.0% $44.6M
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

HRB Financial Ratios

Metric Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Gross Margin 57.0%+127.9pp -70.9%-36.3pp -34.6%-86.7pp 52.0%-5.4pp 57.4%+132.9pp -75.5%-36.4pp -39.1%-91.5pp 52.3%
Operating Margin N/A N/A N/A N/A N/A N/A N/A N/A
Net Margin 35.4%+157.1pp -121.8%-40.3pp -81.5%-108.4pp 27.0%-4.8pp 31.7%+167.7pp -135.9%-46.9pp -89.0%-113.3pp 24.3%
Return on Equity N/A N/A N/A 336.8% N/A N/A N/A 284.6%
Return on Assets 25.0%+33.3pp -8.3%-1.9pp -6.3%-15.5pp 9.2%-13.1pp 22.3%+31.2pp -9.0%-2.2pp -6.8%-14.8pp 8.0%
Current Ratio 1.00-0.3 1.29+0.5 0.76-0.1 0.90+0.1 0.78+0.1 0.73-0.0 0.77-0.5 1.27
Debt-to-Equity -61.17-58.2 -2.96+0.2 -3.15-16.0 12.86+18.8 -5.93-3.7 -2.22+1.8 -4.05-20.5 16.46
FCF Margin 64.2%+390.8pp -326.6%-144.8pp -181.8%-203.5pp 21.7%-35.5pp 57.2%+390.8pp -333.6%-154.4pp -179.2%-206.6pp 27.4%

Note: The current ratio is below 1.0 (0.90), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Block (H.&R.), Inc. (HRB) reported $3.8B in total revenue for fiscal year 2025. This represents a 4.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Block (H.&R.), Inc. (HRB) revenue grew by 4.2% year-over-year, from $3.6B to $3.8B in fiscal year 2025.

Yes, Block (H.&R.), Inc. (HRB) reported a net income of $605.8M in fiscal year 2025, with a net profit margin of 16.1%.

Block (H.&R.), Inc. (HRB) reported diluted earnings per share of $4.39 for fiscal year 2025. This represents a 6.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

As of fiscal year 2025, Block (H.&R.), Inc. (HRB) had $983.3M in cash and equivalents against $1.1B in long-term debt.

Block (H.&R.), Inc. (HRB) had a gross margin of 44.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Block (H.&R.), Inc. (HRB) had a net profit margin of 16.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Block (H.&R.), Inc. (HRB) paid $1.50 per share in dividends during fiscal year 2025.

Block (H.&R.), Inc. (HRB) has a return on equity of 681.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Block (H.&R.), Inc. (HRB) generated $598.8M in free cash flow during fiscal year 2025. This represents a -8.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Block (H.&R.), Inc. (HRB) generated $680.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Block (H.&R.), Inc. (HRB) had $3.3B in total assets as of fiscal year 2025, including both current and long-term assets.

Block (H.&R.), Inc. (HRB) invested $82.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Block (H.&R.), Inc. (HRB) had 134M shares outstanding as of fiscal year 2025.

Block (H.&R.), Inc. (HRB) had a current ratio of 0.90 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

Block (H.&R.), Inc. (HRB) had a debt-to-equity ratio of 12.86 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Block (H.&R.), Inc. (HRB) had a return on assets of 18.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Block (H.&R.), Inc. (HRB) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Block (H.&R.), Inc. (HRB) has an earnings quality ratio of 1.12x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Block (H.&R.), Inc. (HRB) scores 37 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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