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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.
H&R Block released its fiscal 2022 third quarter results, reporting revenues of $2.1 billion, a 4% increase from the previous year. The company raised its fiscal year guidance, expecting revenue between $3.375 billion and $3.425 billion and EBITDA between $850 million and $875 million. Share repurchases totaled $226 million in the quarter, with a total of $550 million for the fiscal year, retiring 13% of shares outstanding. Adjusted EPS remained flat at $4.11. A cash dividend of $0.27 per share will be paid on July 1, 2022.
KANSAS CITY, Mo., May 5, 2022 (GLOBE NEWSWIRE) -- H&R Block (NYSE: HRB) announced that its management will host virtual investor meetings during the Barrington Research Virtual Spring Investment Conference on May 19, 2022. Interested parties can request a meeting through their Barrington Research salesperson.
H&R Block offers tax preparation services, financial products, and small-business solutions. The company's innovative offerings include Spruce, a mobile banking app, and Wave Money, a banking and bookkeeping solution for small businesses.
H&R Block, Inc. (HRB) announced a quarterly cash dividend of $0.27 per share, payable on July 1, 2022, to shareholders of record as of June 8, 2022. The company has maintained a consistent dividend payment since going public in 1962 and has increased its dividend by over 35% since 2016. In total, H&R Block has returned more than $2.6 billion to shareholders through dividends and share repurchases.
Survey Findings: A recent survey by Block Advisors, part of H&R Block (NYSE: HRB), highlights that 67% of small business owners feel proud of their resiliency despite facing significant challenges such as the pandemic, inflation, and supply chain disruptions. More than 63% reported a negative impact from the pandemic, yet they have acquired critical skills to manage their businesses better. Notably, 69% plan to seek more tax help this year, with newer businesses showing a strong inclination towards outsourcing tasks like bookkeeping and payroll.
H&R Block (NYSE: HRB) released findings from its biannual Small Business Resilience Series Study, highlighting challenges faced by minority-owned small businesses. The survey of 1,100 Block Advisors customers revealed that 57% of minority-owned businesses experienced revenue declines since the pandemic began. Additionally, 58% of minority owners have acquired new skills to thrive, yet they report greater obstacles compared to their white counterparts. The company aims to provide resources and support to enhance these businesses' resilience and success.
H&R Block (NYSE: HRB) is set to announce its fiscal 2022 third quarter results on May 10, 2022, after market close. Investors can access the press release on the company’s investor relations website. A conference call will be held at 4:30 PM ET that day, discussing the quarterly results and future outlook. Analysts and investors can join the call via U.S./Canada lines and an international line provided in the announcement. A replay will be available for seven days post-call, and the webcast will remain accessible for 90 days.
H&R Block (NYSE: HRB) announced the appointment of Jill Cress as Chief Marketing and Experience Officer, effective May 2, 2022. Cress will lead the company's marketing efforts and join the Senior Leadership Team, reporting directly to CEO Jeff Jones. With extensive experience in strategic marketing, including leadership roles at PayPal and National Geographic, her focus will be on driving growth and brand relevance. Cress's appointment is expected to enhance H&R Block's transformation and market position.
H&R Block (NYSE: HRB) has announced the promotion of Paul Clark to Vice President of Technology, overseeing cloud migration and IT infrastructure. Clark, who has been with the company for five years, has significantly contributed to its digital transformation strategy, leading initiatives that enhance agility and cost efficiency. His key achievements include the development of an automated infrastructure and a Cloud FinOps platform. H&R Block continues to focus on innovation in tax preparation services, financial products, and solutions for small businesses.
H&R Block (NYSE: HRB) has launched the A Fair Shot program to support female college athletes by providing sponsorship funds and tax assistance, addressing the disparities in NIL sponsorship deals between men and women. The initiative features partnerships with top athletes like Caitlin Clark and Zia Cooke to promote equity in sports. H&R Block aims to ensure these athletes receive fair compensation while aiding them in navigating tax implications from their new incomes. This program highlights the company's commitment to enhancing visibility and opportunities for women in college athletics.
H&R Block's Block Advisors conducted a study revealing that small businesses are facing significant challenges as they recover from pandemic impacts. Key challenges include inflation/rising costs (78%), expense reduction (55%), and supply chain disruptions (54%). Despite these difficulties, 59% of small business owners express pride in their resilience, with 70% believing their operations will not cease in 2022. Block Advisors supports over 2 million small businesses with tax, bookkeeping, and payroll services, highlighting the importance of utilizing available resources for success.
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