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 and MX have launched the Spruce mobile banking platform aimed at increasing financial inclusion. The platform enhances consumer experience by providing insights into spending habits and financial management. With the support of MetaBank, Spruce offers transparency in managing money and reaching financial goals. Over 30% of Americans would struggle to cover an unexpected $400 expense, demonstrating the need for better financial tools. This partnership aims to empower users in their financial journeys.
H&R Block will host a virtual analyst event on March 9, 2022, at 9:30 a.m. EST to showcase its new mobile banking platform, Spruce. The live event will feature CEO Jeff Jones, CFO Les Whiting, and VP John Thompson, followed by a Q&A session. Spruce aims to assist users in managing their finances with transparency and accessibility, extending H&R Block's services beyond tax preparation. A replay will be available starting March 10, 2022, for 90 days on the investor relations website.
Galileo Financial Technologies, owned by SoFi Technologies (SOFI), has launched Spruce, a mobile banking platform developed in collaboration with H&R Block (HRB). Spruce offers features such as a spending account with debit card services, budgeting tools, early paycheck access, and overdraft protection. The launch coincides with a growing consumer shift towards digital banking, with 44% of U.S. consumers using digital-only banks. The partnership aims to enhance financial inclusion and stability, leveraging Galileo's robust technology platform.
H&R Block shares insights from the “Pulse on Help” study, revealing that 90% of Americans find it acceptable to seek help amidst financial stress. Key concerns for 2022 include finances (46%), physical health (38%), and emotional well-being (32%). Experts emphasize that asking for help is a form of self-care. H&R Block highlights its readiness to assist taxpayers with recent tax changes like child tax credits and stimulus payments. The company offers various filing methods, including online and in-person services, to facilitate stress-free tax preparation.
H&R Block, Inc. (NYSE: HRB) announced a quarterly cash dividend of $0.27 per share, payable on April 1, 2022, to shareholders of record as of March 8, 2022. This marks the continuation of dividend payments since the company went public in 1962. Since 2016, H&R Block has increased its dividend by 35% and returned over $2 billion to shareholders via dividends and share repurchases.
H&R Block (NYSE: HRB) reported a 12% revenue increase for the fiscal 2022 second quarter, totaling $159 million, driven by the Emerald Card and Wave performance. Despite a pretax loss of $299 million, loss per share from continuing operations improved to $1.09. The Company repurchased $159 million worth of shares, reducing the share count by 4%. H&R Block plans to maintain its fiscal year 2022 outlook. The recent launch of the Spruce mobile banking platform marks a significant step in its strategic transformation. A quarterly dividend of $0.27 was paid on January 3, 2022.
H&R Block announces the introduction of “The Annual Reboot,” a new weekly paid time off initiative for all associates, effective July 2022. This program is designed to combat stress and burnout from the pandemic. Associates are encouraged to disconnect and recharge during this offline week. Last year’s pilot was deemed a success, with positive feedback regarding increased energy levels upon return. In addition, H&R Block has transitioned to a hybrid work schedule and introduced inclusive benefits to support associates during various life stages.
H&R Block (NYSE: HRB) emphasizes the significance of tax filing amidst ongoing inflation, highlighting new tax law changes requiring reconciling past federal payments like stimulus checks. With various tax preparation options available, the company aims to maximize refunds for clients. Tax experts inform filers of important credits, including expanded Child Tax Credit and Earned Income Tax Credit. Notably, a recent survey named H&R Block as the "Best Tax Software Overall" by Bankrate. For detailed assistance, visit hrblock.com.
H&R Block has launched the Spruce℠ mobile banking platform to tackle financial challenges faced by many Americans. The platform offers a spending account with a debit card and a connected savings account designed for goal-specific budgeting. As the pandemic has heightened financial stress, Spruce aims to enhance financial inclusion by assisting users in establishing healthy financial habits. The app features various benefits, including cash back rewards, no monthly fees, early paycheck access, and credit score monitoring, making it a valuable tool for managing finances year-round.
H&R Block (NYSE: HRB) unveiled its 2022 tax season ad campaign, emphasizing the theme "Help Is Here" amid ongoing pandemic challenges. President Karen Orosco highlighted the complexities of filing taxes this year, with new credits and an evolving workforce. The campaign aims to illustrate the various support options available, from fully online services to in-person assistance. Developed with agency Carmichael Lynch, the initiative includes six commercials and will roll out across media through Q1 and April 2022.
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