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H&R Block, Inc. (NYSE: HRB) stands as the world's largest tax services provider, having prepared over 650 million tax returns since its inception in 1955. Catering to a diverse clientele, H&R Block operates approximately 12,000 company-owned and franchise retail locations across all 50 U.S. states, Puerto Rico, and other U.S. territories. The company also has a presence in Canada, Australia, India, and on U.S. military bases worldwide. An H&R Block retail office is located within five miles of most Americans.
In the fiscal year 2015, H&R Block reported revenues exceeding $3.1 billion, preparing 24.2 million tax returns globally. The company’s services extend beyond retail locations, including digital tax solutions that have been aiding do-it-yourself clients for over 15 years. In FY 2015 alone, 6.9 million tax returns were completed through H&R Block's digital solutions. Employing around 9,000 bilingual tax professionals, H&R Block provides expert assistance in multiple languages.
Recent Achievements and Projects:
- AI Tax Assist: In December 2023, H&R Block introduced the H&R Block AI Tax Assist, a generative AI experience designed to streamline the tax preparation process. This innovation combines the company's extensive tax expertise with artificial intelligence to provide real-time, reliable assistance, ensuring accuracy and maximum refunds for individuals, the self-employed, and small business owners.
- Fiscal Updates: H&R Block will report its fiscal 2024 second quarter results on February 6, 2024. This will be followed by a conference call for stakeholders to discuss results and the company’s outlook.
- Leadership and Growth: Curtis Campbell, a seasoned executive with vast experience in the tax, fintech, and software industries, joined H&R Block to drive innovation and growth, especially in the consumer tax business.
- Direct Import Feature: To simplify the tax filing process, H&R Block launched the Direct Import feature, enabling users to seamlessly import prior year tax return data from TurboTax into H&R Block's online products.
- Minecraft Competitive League (MCL): H&R Block launched a unique Minecraft experience to engage young adult gamers, integrating custom versions of the game with a branded character, Sir Block, and offering in-game skins and avatars.
Beyond tax preparation, H&R Block provides financial products and small-business solutions through Block Advisors and Wave. These services include bookkeeping, payroll, advisory, and payment processing solutions, helping small-business owners thrive year-round. Additionally, H&R Block’s mobile banking app, Spruce, enhances its clients’ financial well-being.
For more detailed information, visit the company's official website at HRBlock.com.
KANSAS CITY, Mo., Nov. 3, 2022 – H&R Block (NYSE: HRB) announced a quarterly cash dividend of $0.29 per share, payable on January 3, 2023, to shareholders of record as of December 6, 2022. The company has consistently paid dividends since going public in 1962, and since 2016, it has increased the dividend by over 45% while returning nearly $3 billion to shareholders through dividends and share repurchases.
H&R Block (HRB) reported fiscal Q1 2023 results with total revenue of $180 million, down 7% year-over-year, impacted by prior year's Child Tax Credit. The company effectively repurchased $219.8 million in shares, reducing share count by 3%. Total operating expenses rose 6% to $389.1 million, leading to an increased pretax loss of $221.3 million. H&R Block reaffirms its revenue outlook of $3.535 to $3.585 billion and anticipates adjusted EPS between $3.70 and $3.95, projecting double-digit growth annually until 2025.
H&R Block has announced the IRS’s distribution of letters to nine million taxpayers about potential eligibility for unclaimed tax credits. These letters encourage individuals not typically required to file tax returns to consider filing for 2021, which may allow access to credits including the Recovery Rebate, Child Tax, and Earned Income Tax credits, expanded under the 2021 American Rescue Plan Act. Taxpayers seeking assistance can consult with H&R Block tax professionals to navigate the filing process and maximize their potential refunds.
H&R Block (NYSE: HRB) will announce its fiscal 2023 first quarter results on November 1, 2022, following market close. A press release and presentation will be available on the investor relations website. The company will host a conference call for analysts and shareholders at 4:30 PM ET that same day to discuss earnings and business outlook. Participants must register to join. The call will also be available for the public via a webcast, with a replay option for 90 days.
Block Advisors by H&R Block (NYSE: HRB) has launched a new online business formation tool, allowing customers to initiate the registration process in just 10 minutes. This tool aims to simplify the often overwhelming process of forming a business entity, which has become increasingly relevant as 3.6 million new businesses were registered in 2022 to date. The service helps entrepreneurs choose the right entity type while providing access to tax-saving insights from certified tax professionals. This initiative reflects H&R Block's commitment to supporting small businesses.
Spruce, a mobile banking app by H&R Block (NYSE: HRB), enhances user experience with new features designed to improve financial health. The recently introduced Round Up feature allows customers to save spare change automatically, while the upgraded Credit Score Monitoring offers deeper insights into individual credit scores. Launched in early 2022, Spruce now serves over 160,000 customers. These enhancements aim to support users in managing finances amid rising inflation and borrowing costs.
H&R Block (NYSE: HRB) has appointed Chris Linderwell as Vice President of Consumer Tax Products and Mike Halvorsen as Vice President of Client Experience, as part of its growth and transformation strategy. The new leaders will enhance client experience, oversee consumer tax offerings, and support the company’s focus on small business services and financial solutions. Linderwell previously improved digital customer experiences at Victoria's Secret, while Halvorsen led user experience initiatives at Kohl’s. This hiring aims to boost innovation and client interactions.
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