Welcome to our dedicated page for H&R Block news (Ticker: HRB), a resource for investors and traders seeking the latest updates and insights on H&R Block stock.
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.
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.
H&R Block has announced its Income Tax Preparation Course (ITC) as a pathway to becoming a tax professional, emphasizing flexible career opportunities amidst the growing gig economy. The 8-week course can be taken virtually or in-person, with options for self-paced learning. Graduates earn an H&R Block Certification and qualifying education hours. Although completion does not guarantee employment, the course provides valuable knowledge for various financial situations. The ITC aims to attract part-time job seekers and offers rewarding experiences in the tax industry.
KANSAS CITY, Mo., Sept. 08, 2022 – H&R Block (NYSE: HRB) announced that Michaella Gallina, VP of Investor Relations, will lead a fireside chat and virtual meetings during the Wolfe Research Fall Virtual Consumer Conference on September 22, 2022. An audio replay will be available on the Company’s Investor Relations website post-conference. H&R Block combines digital tools with personal expertise to support clients with tax preparation, financial products, and small-business solutions, helping customers achieve better financial outcomes.
H&R Block honored 25 exceptional tax office associates and franchise employees with the Henry Bloch Excellence in Client Service Award for their outstanding dedication to client care. This annual tradition, recognized for 18 years, highlights individuals who exemplify the company's core values. The awardees, chosen from over 60,000 professionals, significantly impacted their clients' lives through outstanding service. H&R Block's mission remains to inspire confidence in clients and communities, offering comprehensive tax preparation and financial services.
KANSAS CITY, Mo., Aug. 25, 2022 – H&R Block (NYSE: HRB) announced that CFO Tony Bowen will host virtual investor meetings at the 15th Annual Barrington Research Virtual Fall Investment Conference on September 8, 2022. Interested parties can request meetings through Barrington Research salespersons. H&R Block provides tax preparation services and financial solutions, blending digital innovation with expertise to assist clients throughout the year. The company aims to empower individuals and small businesses with its diverse range of financial products.
H&R Block reported fiscal year 2022 results with revenues of $3.46 billion, a 3.5% decrease compared to the previous year. The company achieved a net income of $554 million and EPS of $3.26, reflecting an 11.2% decline. Despite lower revenues, H&R Block announced a 7% increase in its quarterly dividend to $0.29 per share and a new share repurchase program of $1.25 billion. Looking ahead, the company forecasts fiscal year 2023 revenues between $3.535 billion and $3.585 billion, with EPS guidance of $3.70 to $3.95.
Kansas City, Mo. designated July 30 as Make Every Block Better Day in honor of the late co-founder of H&R Block (NYSE: HRB), Henry W. Bloch on his 100th birthday. The company's community impact platform aims to enhance 500 communities nationwide by 2025. H&R Block will promote volunteering and supports small business initiatives through sponsorship of the Keystone Sessions. CEO Jeff Jones emphasized Bloch's legacy of community service.
H&R Block has been recognized in Forbes’ list of America’s Best Employers for Women for the second consecutive year, reflecting its commitment to fostering an inclusive workplace culture. This recognition stems from an independent survey involving 50,000 employees across companies with over 1,000 U.S. staff. H&R Block is among the top four companies in Kansas City, ranked in the top 200 out of 400 total. The Belonging@Block initiative and the Women’s Network are pivotal in this achievement, focusing on gender diversity and providing supportive benefits such as expanded paid leave and reproductive healthcare reimbursements.
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