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 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.
H&R Block, Inc. (NYSE: HRB) will announce its fiscal 2022 second-quarter results on February 1, 2022, post-market close. Investors can access the press release on the company’s investor relations website. A conference call is scheduled for 4:30 p.m. ET on the same day, discussing the results and future outlook. Analysts and stakeholders can dial in to participate. The call will also be available via a listen-only webcast. Replays will be accessible soon after the event. For ongoing updates, visit H&R Block's dedicated news and financial info platforms.
H&R Block (NYSE: HRB) announces the retirement of Tom Gerke as General Counsel and Chief Administrative Officer after 10 years of service. He played a key role in significant business transitions, including the wind-down of the subprime mortgage subsidiary. Dara Redler will replace him as Chief Legal Officer, bringing extensive experience from her tenure at Tilray and Coca-Cola. The leadership change is seen as pivotal for ongoing strategic transformations within the company.
H&R Block has announced its 'Franchisees of the Year' for 2022, recognizing three exceptional franchisees: Amanda Rhoton, Enrique Enriquez, and Dan Dever with Nikki Sunstedt. These franchisees distinguished themselves through superior customer experience and community involvement. Rhoton achieved high client retention and growth, Enriquez excelled in service quality during the pandemic, and Dever with Sunstedt managed 10 offices across California, providing valuable tax education to the community. Each honoree received awards for their outstanding contributions.
H&R Block (NYSE: HRB) announced the appointment of Tom Gannon as Vice President and Chief Government Relations Officer and the promotion of Nicki Cole to Vice President, Technology, Small Business and Financial Services. Gannon will manage government relations and lobbying efforts, while Cole will focus on technology growth in small business sectors. Both executives are expected to drive the company’s transformation and product innovation as it adapts to client needs.
H&R Block (NYSE: HRB) has filed a lawsuit against Block, Inc. to protect its trademarks following Block, Inc.'s rebranding from Square, Inc. The lawsuit aims to prevent consumer confusion as both companies operate in the financial services sector, including tax preparation. H&R Block argues that Block, Inc.'s actions undermine the brand equity and consumer trust it has built over 65 years. The complaint was submitted to the U.S. District Court for the Western District of Missouri and is essential for safeguarding H&R Block's reputation.
H&R Block (NYSE: HRB) released a report titled Insights on American Perseverance, highlighting resilience during the COVID-19 pandemic, informed by 12 million hours of conversations with clients. Key findings include a significant increase in small businesses, particularly among younger Americans, and a surge in stock market participation among Millennials and Gen Z, with a 4.5x and 2x rise respectively. The report also notes that 13% more teenagers and 20-somethings filed taxes independently to access stimulus payments. Consumer spending shifted toward necessities, with Amazon purchases soaring by 82% in 2020.
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