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.
H&R Block (NYSE: HRB) partners with Nextdoor for the third consecutive year to support community projects across the U.S. The initiative, dubbed Make Every Block Better, aims to energize neighborhoods with 11 selected projects in 2022. These projects, driven by community nominations, will enhance local gathering spaces and promote community interaction. H&R Block’s goal is to positively impact 500 communities by 2025, fostering connections and reducing social isolation through collaboration with local residents and businesses.
H&R Block executives Karen Orosco and Tiffany Monroe are mentoring international businesswomen Neha Mehta from India and Yara Argueta from Guatemala as part of the Fortune - U.S. Department of State Global Women’s Mentoring Partnership. The program runs through May 23, 2022, focusing on leadership and networking opportunities. H&R Block is also committed to increasing female representation in leadership roles and promotes gender diversity through various initiatives, including the Catalyst CEO Champions for Change and the Council for Inclusive Capitalism.
H&R Block (NYSE: HRB) launched the IT Accelerate program to enhance tech talent development, hiring over 50 new engineers in 2022. This 12-month initiative focuses on attracting diverse backgrounds, with over half of participants representing gender or ethnically diverse groups—more than double the national average in the tech field. The program aims to provide immersive onboarding and support for early-career professionals transitioning into tech roles, furthering the company's commitment to innovation and superior digital services.
H&R Block (NYSE: HRB) announced on May 11, 2022, that CEO Jeff Jones has joined the Council for Inclusive Capitalism, aiming to foster a more inclusive and sustainable economy. The Council focuses on measurable actions to promote equality and fairness. H&R Block's commitments include launching the Spruce mobile banking platform, providing 1 million volunteer hours by 2025, and supporting small business owners. This engagement aligns with H&R Block's strategy to enhance financial health and reduce environmental impact.
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.
FAQ
What is the current stock price of H&R Block (HRB)?
What is the market cap of H&R Block (HRB)?
What services does H&R Block provide?
How many locations does H&R Block have?
What is H&R Block's AI Tax Assist?
When will H&R Block report its fiscal 2024 second quarter results?
Who is Curtis Campbell?
What is the Direct Import feature?
What is the Minecraft Competitive League (MCL) by H&R Block?
How long has H&R Block been providing digital tax solutions?
How can I access H&R Block’s tax services?
What is the significance of H&R Block’s mobile banking app, Spruce?
